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Business and Marketing > State Exam > Flashcards

State Exam Flashcards

(85 cards)

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1
Q

Ownership in a corporation

A

Stocks

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2
Q

Ticker symbol

A

Abbreviation used to identify stocks

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3
Q

How many companies in the Dow Jones Industrial Average Index

A

30 Companies

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4
Q

What is an ETF

A

Exchange Traded Fund

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5
Q

What does IPO mean

A

Initial Public Offering (of stock)

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6
Q

P/E ratio stand for

A

Price of stock divided by earnings

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7
Q

How often do shareholders get their “earnings”

A

Quarterly

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8
Q

AAPL, and GOOG are examples of what

A

Ticker symbols

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9
Q

Dividends

A

Profits paid to shareholders

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10
Q

Disadvantage of company issuing stock

A

The Company give away part of their Equity

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11
Q

What is a stock market exchange

A

marketplace for stocks, bonds, etc. to trade

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12
Q

Company has no P/E ratio

A

The Company has no earnings

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13
Q

Innovation

A

Making improvements to a product or process

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14
Q

Language of business

A

Accounting

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15
Q

Study of how a society chooses to use their limited resources for production

A

Economics

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16
Q

Activities of producing, buying and selling goods/services in exchange for money

A

Business

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17
Q

Resources in limited supply

A

Scarcity

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18
Q

is money a resource

A

no

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19
Q

Study of the economy as a whole

A

Macroeconomics

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20
Q

Smaller parts of the economy, such as a single community

A

Microeconomics

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21
Q

Moral principles that govern a person behavior

A

Ethics

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22
Q

Patents protect

A

inventions

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23
Q

intellectual property

A

copyrights, trademarks, Patents

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24
Q

2 or more people own a business

A

partnership

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25
Who owns a corporation
shareholders
26
Social Responsibility
giving back to the community by doing a service project
27
Can you buy stock in private companys?
no
28
Dividend
corporation pays stockholders on a regular basis
29
Portfolio is made of
stocks, bonds, and other investments
30
Assets=Liabilities + ?
Owners equity
31
Investor loans money to a company for a defined period of time and is paid interest
bond
32
Mutual fund
pool of funds from many investors to purchase bonds, stocks, ect.
33
money regularly paid to shareholders from a company's profits
dividend
34
Bull market
rising
35
bear market
declining
36
money regularly paid for the use of other money
interest
37
comparing an unexpected return on an investment to the risk taken to capture the return
risk/reward rule
38
time value of money
the idea that money available now is worth more than future money
39
interest calculated on the initial amount PLUS the perviouly earned interest
compound interest
40
scarcity
when something is in short supply
41
demand
the amount of a good/service that consumers are willing to buy
42
supply
the amount of a good/service that producers are willing to provide
43
opportunity cost
the thing you lose when you choose something else
44
the people that do, create or work
human resources
45
Natural resources
materials/substances used for economic gain
46
what does copyright cover
a work of art,music, literature
47
trademark
symbol/word(s) registered to represent a company/product
48
patent
legal protection for an invention for a set period of time
49
sole proprietorship
business owned and operated by one person
50
partnership
business owned and operated by two or more people, co owners
51
corporation
legally recognized as its own entity; can outlive its shareholders
52
non-profit organization
business where success is measured by achieving goals, not the earning on money
53
planned before sending, this statement projects income and expenses
budget
54
statement looking at income and expenses after the fact
income statement
55
liquidity
how quickly an asset can be converted to cash
56
Balance Sheet
A statement showing assets and liabilities at a given time, it always balances
57
income a company generates
revenue
58
expense
Money a company spends
59
Asset
economic resource used to make money
60
amount owed to lenders and suppliers, obligations to pay that the company has
liability
61
product
intem offered for sale, a good/service/idea
62
Value of a product, reflected in the amount charged for the product
price
63
place
the route goods/services take to get to the final user
64
promotion
raising awareness of a product,generating sales, creating brand loyalty
65
geographical segmentation
segmenting a market based on where people live/work/worship
66
demographical segmentation
based on observable traits, age,religion, race, income, ect
67
psychographic segmentation
segmenting a market based on how consumers think
68
behavioral segmentation
segmenting a market based on how consumers act
69
promoting a product thought face-to-face meeting, to encourage customers to buy
personal selling
70
building mutally beneficial relationships between organizations and their publics
public relations
71
the group of consumers a product/service is aimed at
target market
72
actions/tactics of an organization uses to offer its brand or products in the marketplace
marketing mix
73
emotional buying
purchased based on emotion
74
rational buying
purchases based on logic and research
75
patronage
purchases based on loyalty to a brand/product
76
goods/services for sale
supply
77
business buy or hire ______
resources
78
what do governments buy to produce certain goods/services
goods,services, and resources
79
how long does a copyright last after an authors death
70 years
80
unlimited human needs/wants, with limited resources
scarcity
81
is water a capital resource
no
82
What is the X axis on the supply and demand graph
quantity
83
what is the y axis on the supply and demand graph
price
84
can an idea be copyrighted
no
85
Why is it important to evaluate the commercial potential of your invention?
To see if it is worth the cost of a patent

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