Intro to Business Final (Fall 2024)

A set amount that you can charge on a credit card that is approved by the credit card company after application is ___________.

• finance charges

• transaction fee

• foreign currency fee

• credit limit

The debts of a company are called

• assets.

• liabilities.

• credits.

• capital.

A target market is a group of consumers that have similar wants and needs.

• True
• False

Liabilities are

• what a company owes
• the value of the owners’ investment in the company
• what a company owns
• what a company has on hand to sell

All income that a business receives over a period of time

• revenue
• expenses
• profit
• loss

When you go to a movie, make a deposit at the bank, get a haircut, take a swimming lesson, use your telephone, or ride a bus, you are using services.

• True
• False

People with poor credit ratings pay a higher interest rate to borrow money than people with good credit rating.

• true
• false

A grocery store is this type of business

• retail
• procedures
• partnership
• franchise

Principles of conduct governing an individual or group

• Ethics
• Human Relations
• Management
• Leadership

Ethical behavior involves all employees, not just a company’s executives and managers.

• True
• False