Economics and Finance of the Organization.d

Economics and Finance of the Organization.d

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Вопросы и варианты

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Вопрос 1

A ... is a self-employed person who owns and runs their own business as an individual.

  1. Sole Trader
  2. Partner
  3. Corporation
  4. Business
Вопрос 2

A sole trader business has a legal identity separate to its ....

  1. Self
  2. Owner
  3. Partner
  4. Boss
Вопрос 3

As a ..., you have absolute control over your business.

  1. Sole Trader
  2. Partner
  3. Corporation
  4. Business
Вопрос 4

There is a requirement to register the business with Companies House or make ongoing filings of ... with them.

  1. Practice
  2. Information
  3. Law
  4. Books
Вопрос 5

There are many shareholders to invest ....

  1. Time
  2. Capital
  3. Efforts
  4. Energy
Вопрос 6

It’s invariably not best to keep a bank account for the business that’s... to your personal accounts.

  1. Neglects
  2. Separate
  3. Copy
  4. Deny
Вопрос 7

There are no ... to run the business, just the sole trader.

  1. Directors
  2. People
  3. Members
  4. Shareholders
Вопрос 8

Unlike the owners of a ..., however, a sole trader is personally liable for their business’s debts.

  1. Limited company
  2. Sole trader
  3. Partnership
  4. Corporate
Вопрос 9

The ... business model can be used by many types of business, but is perhaps most popular among tradesmen providing services to individuals and families.

  1. Limited company
  2. Sole trader
  3. Partnership
  4. Corporate
Вопрос 10

There are multiple partners like in a ..., so the sole trader model is usually suitable if you’re looking to go into business with someone else, sharing the responsibility and rewards.

  1. Limited company
  2. Sole trader
  3. Partnership
  4. Corporate
Вопрос 11

The firm invests its funds in acquiring ... as well as current assets.

  1. Fixed Assets
  2. Investing
  3. Rate of return
  4. Risk
Вопрос 12

Whenever a company is ... huge funds in an investment proposal it expects some regular amount of cash flow to meet day to day requirement.

  1. Fixed Assets
  2. Investing
  3. Rate of return
  4. Risk
Вопрос 13

The most important criteria to decide the investment proposal is ... it will be able to bring back for the company in the form of income.

  1. Fixed Assets
  2. Investing
  3. Rate of return
  4. Risk
Вопрос 14

With every investment proposal, there is zero degree of ... involved.

  1. Fixed Assets
  2. Investing
  3. Rate of return
  4. Risk
Вопрос 15

The finance manager must compare all the available alternatives very carefully and then only decide where to ... the scarcest resources of the firm.

  1. Fixed Assets
  2. Invest
  3. Rate of return
  4. Risk
Вопрос 16

Working capital is a measure of a company's assets.

  1. Current Liabilities
  2. Working Capital
  3. Financial Health
  4. Financial managers
Вопрос 17

The standard formula for working capital is current assets divided by ....

  1. Current Liabilities
  2. Working Capital
  3. Financial Health
  4. Financial managers
Вопрос 18

Financial managers are responsible for the ... of an organization.

  1. Current Liabilities
  2. Working Capital
  3. Financial Health
  4. Financial managers
Вопрос 19

... do not do tasks that are specific to their organization or industry.

  1. Current Liabilities
  2. Working Capital
  3. Financial Health
  4. Financial managers
Вопрос 20

... monitor and control the flow of cash that comes in and goes out of the company to meet the company's business and investment needs.

  1. Cash Managers
  2. Finance Managers
  3. Asset manager
  4. Property Manager
Вопрос 21

Every organization has its own set of long-term and short-term goals and ... that it wishes to achieve in a predetermined period of time.

  1. Objectives
  2. Equity
  3. Bondholders
  4. Stakeholders
Вопрос 22

Large companies may have a small number of ....

  1. Objectives
  2. Equity holders
  3. Bondholders
  4. Stakeholders
Вопрос 23

If the project sinks, the ... will supposedly have to participate in losses and this can result in agency problems with the stockholders and the creditors.

  1. Objectives
  2. Equity holders
  3. Bondholders
  4. Stakeholders
Вопрос 24

The stakeholders of a company never have issues with other ... like customers, employees, society, and communities.

  1. Objectives
  2. Equity holders
  3. Bondholders
  4. Stakeholders
Вопрос 25

...flows are transactions involving financial assets between international entities.

  1. Capital
  2. Private
  3. Fixed Exchange
  4. Regulating
Вопрос 26

... capital flows include direct and portfolio investment made by Americans living inside and foreigners living outside the United States.

  1. Capital
  2. Private
  3. Fixed Exchange
  4. Regulating
Вопрос 27

If a country sets a ...rate target, the country can control capital flows of foreign capital to achieve the target exchange rate.

  1. Capital
  2. Private
  3. Fixed Exchange
  4. Regulating
Вопрос 28

... capital flows create less friction and ultimately increases market efficiency.

  1. Capital
  2. Private
  3. Fixed Exchange
  4. Regulating
Вопрос 29

...provide safe storage for both cash (notes and coins), as well as precious metals such as gold and silver.

  1. Commercial Banks
  2. Financial Intermediaries
  3. Central banks
  4. Stock Exchange
Вопрос 30

Some ..., such as mutual funds and investment banks, employ in-house investment specialists who help clients grow their investments.

  1. Commercial Banks
  2. Financial Intermediaries
  3. Central banks
  4. Stock Exchange
Вопрос 31

The ... is one of the three fundamental financial statements and is key to both financial modeling and accounting.

  1. Balance Sheet
  2. Income Statement
  3. Retained Earnings
  4. Stock holders’ Equity
Вопрос 32

The ... is divided into 2 sides (or sections).

  1. Balance Sheet
  2. Income Statement
  3. Retained Earnings
  4. Stock holders’ Equity
Вопрос 33

The ... is one of a company’s core financial statements that shows their profit and loss over a period of 5 years together.

  1. Balance Sheet
  2. Income Statement
  3. Retained Earnings
  4. Stockholders' Equity
Вопрос 34

The ... is divided into time periods that logically follow the company’s operations.

  1. Balance Sheet
  2. Income Statement
  3. Retained Earnings
  4. Stockholders' Equity
Вопрос 35

... are the portion of a business’s profits that are not distributed as dividends to shareholders but instead are reserved for reinvestment back into the business.

  1. Balance Sheet
  2. Income Statement
  3. Retained Earnings
  4. Stockholders' Equity
Вопрос 36

... are reported on the balance sheet under the assets section at the end of each accounting period.

  1. Balance Sheet
  2. Income Statement
  3. Retained Earnings
  4. Stockholders' Equity
Вопрос 37

... represent a useful link between the income statement and the balance sheet, as they are recorded under shareholders’ equity, which connects the two statements.

  1. Balance Sheet
  2. Income Statement
  3. Retained Earnings
  4. Stockholders' Equity
Вопрос 38

... is an account on a company’s balance sheet that consists of share capital minus retained earnings.

  1. Balance Sheet
  2. Income Statement
  3. Retained Earnings
  4. Stockholders' Equity
Вопрос 39

Net income increases ....

  1. Balance Sheet
  2. Income Statement
  3. Retained Earnings
  4. Stock holders’ Equity
Вопрос 40

Amounts received by the reporting entity from transactions with its owners are referred to as share capital.

  1. Share Capital
  2. Income Statement
  3. Retained Earnings
  4. Stockholders' Equity
Вопрос 41

... is a social science concerned with the production, distribution, and consumption of goods and services.

  1. Economics
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 42

One of the earliest recorded economic thinkers was the 8th-century B.C. Greek farmer/poet Hesiod, who wrote that labor, materials, and time needed to be allocated efficiently to overcome ....

  1. Economics
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 43

... focuses on how individual consumers and firms make decisions.

  1. Economics
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 44

... do not study an overall economy on both a national and international level.

  1. Economics
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 45

..., also known as paucity.

  1. Economics
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 46

Hypothetically speaking, if every resource on earth was ..., there would still be a need for economists.

  1. Abundant
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 47

Ideally, ... causes the value of commodities to depreciate.

  1. Abundant
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 48

Countdowns also work in the context of ...time sales price.

  1. Abundant
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 49

The Production-Possibilities Frontier refers to the idea that in a given ..., factors of production such as labor and capital are scarce.

  1. Economy
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 50

Changes in the slope of the PPF are mainly linked to the production costs of the goods in the ....

  1. Economy
  2. Scarcity
  3. Micro Economics
  4. Macro Economics
Вопрос 51

The ... states that the quantity demanded of a good show an indirect relationship with the price of a good when other factors are held constant.

  1. Law of supply
  2. Law of demand
  3. Demand
  4. Supply
Вопрос 52

… is not a fundamental principle in macroeconomics.

  1. Law of supply
  2. Law of demand
  3. Demand
  4. Supply
Вопрос 53

… is usually represented as a graph.

  1. Law of supply
  2. Law of demand
  3. Demand
  4. Supply
Вопрос 54

There are certain types of luxury goods that violate … .

  1. Law of supply
  2. Law of demand
  3. Demand
  4. Supply
Вопрос 55

An increase in the price of goods will have a corresponding inverse increase in the … .

  1. Law of supply
  2. Law of demand
  3. Demand
  4. Supply
Вопрос 56

… depicts the producer’s behavior when the price of a good rises or falls.

  1. Law of supply
  2. Law of demand
  3. Demand
  4. Supply
Вопрос 57

When there are changes in the cost of raw materials or labor to produce a unit of supply, the volume will change as well, assuming the … remains the same.

  1. Selling Price
  2. Law of demand
  3. Demand
  4. Supply
Вопрос 58

… refers to the main factor that influences the supply of a product to a greater extent.

  1. Law of supply
  2. Law of demand
  3. Price
  4. Supply
Вопрос 59

Unlike …, supply refers to the willingness of a seller to sell the specified amount of a product within a particular price and time.

  1. Law of supply
  2. Law of demand
  3. Demand
  4. Supply
Вопрос 60

The … does not depend on the stock and market price of the product.

  1. Law of supply
  2. Law of demand
  3. Demand
  4. Supply
Вопрос 61

… is a measure of a variable's sensitivity to a change in same variable.

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 62

Elasticity is predominantly used to assess the change in consumer … as a result of a change in a good or service's price.

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 63

When the value of … is greater than 1.0, it suggests that the demand for the good or service is not affected by the price.

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 64

… elasticity is an economic measure of the sensitivity of demand relative to a change in another variable.

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 65

… elasticity of supply measures the responsiveness of quantity supplied to a change in price.

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 66

… supply is a change in price that causes a smaller proportional change in quantity supply.

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 67

… tends to be more price inelastic in the short-run as consumers don’t have time to find alternatives.

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 68

In the short run demand is not likely to be more … (low = less than 1).

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 69

If the … of oil increases people with petrol cars will not buy petrol.

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 70

If a firm like Microsoft increases the price of Windows operating systems, in the short-term … is likely to be elastic.

  1. Demand
  2. Elasticity
  3. Inelastic
  4. Price
Вопрос 71

Cost of production refers to the … incurred by a business to produce a specific quantity of a product or offer a service.

  1. Cost of Production
  2. Total Cost
  3. Variable Fixed Cost
  4. Average Cost
Вопрос 72

… does not include things such as labor, raw materials, or consumable supplies.

  1. Cost of Production
  2. Total Cost
  3. Variable Fixed Cost
  4. Average Cost
Вопрос 73

There is only one type of … that businesses may incur in the course of manufacturing a product or offering a service.

  1. Cost of Production
  2. Total Cost
  3. Variable Fixed Cost
  4. Average Cost
Вопрос 74

… encompasses only variable fixed costs.

  1. Cost of Production
  2. Total Cost
  3. Variable Fixed Cost
  4. Average Cost
Вопрос 75

The … refers to the total cost of production multiply by the number of units produced.

  1. Cost of Production
  2. Total Cost
  3. Variable Fixed Cost
  4. Average Cost
Вопрос 76

… is the value remaining after a company’s expenses have not been paid.

  1. Cost of Production
  2. Profit
  3. Variable Fixed Cost
  4. Average Cost
Вопрос 77

… is the value that remains after the cost of sales, or cost of goods sold (COGS), has been deducted from sales revenue.

  1. Profit
  2. Net Profit
  3. Gross Profit
  4. Operating Profit
Вопрос 78

…, also called Earnings Before Interest and Taxes (EBIT), is the value that remains after all operating expenses have been deducted from revenue.

  1. Profit
  2. Net Profit
  3. Gross Profit
  4. Operating Profit
Вопрос 79

Cash flow and … are both important metrics when evaluating a company’s performance, and each has its pros and cons as a metric.

  1. Profit
  2. Net Profit
  3. Gross Profit
  4. Operating Profit
Вопрос 80

Costs that vary with the level of production are called … .

  1. Cost of Production
  2. Total Cost
  3. Variable Cost
  4. Average Cost