Final Exam Practice Test, Exams of Introduction to Business Management

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INTRO TO BUSINESS FINAL PRACTICE TEST ID: A INTRO TO BUSINESS FINAL EXAM PRACTICE TEST Multiple Choice Identify the choice that best completes the statement or answers the question. 1. People producing goods and services are called a. limited resources. b. natural resources. c. human resources. d. capital resources. 2. A written legal document defining ownership and operating procedures and conditions for a corporation is called the a. partnership agreement. b. articles of incorporation. c. corporate code of ethics. d. articles of confederation. 3. The money you receive for letting others use your money is called a. security. b. interest. c. premiums. d. collateral. 4. Personal selling is usually done a. by telephone. b. face-to-face with each customer. c. on the Internet. d. via advertising. 5. The difference between the price at which you could currently sell your house and the amount owed on the mortgage is called a. liquidity. b. equity. c. appreciation. d. the assessed value. 6. Money market accounts a. rarely have a large minimum balance requirement. b. pay interest based on various government and corporate securities. c. usually pay much less than a regular savings account, but are far more secure. d. generally require long-term deposits. 7. Ifyou start a new business, you need information about a. government regulations. b. competitors. ¢. customers. d. all of the above