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Question 1

Which of the following is a primary purpose of financial markets?

Options :

A : Allocating capital efficiently

B : Controlling inflation

C : Lowering the yield on bonds

Answer: A

Question 2

Which of the following is an example of place utility?

Options :

A : Arrangements are made for the transfer of title from seller to buyer.

B : Goods or services are available at a convenient location when the consumer wants to buy them.

C : Products requested by the consumer are ordered on demand.

D : A business firm converts raw materials into finished products.

Answer: B

Question 3

Which THREE of the following are the primary responsibilities of a human resources department?

Options :

A : Facilitating new employees’ orientation

B : Compiling and posting financial statements

C : Communicating employer policies and expectations

D : Developing new product designs and production strategies

E : Advising employees on privacy rights and health insurance options

Answer: A,C,E

Question 4

Which of the following is a national association of marketing education students that provides teachers and members with activities to develop career skills in marketing, entrepreneurship, and management?

Options :

A : National Tech Prep Network (NTPN)

B : Distributive Education Clubs of America (DECA)

C : National Association of Supervisors for Business Education (NASBE)

D : National Council on Economic Education (NCEE)

Answer: B

Question 5

Which of the following is the best example of eminent domain?

Options :

A :

The state government intends to build a ramp to the highway and takes privately owned land to complete the building project.

B :

The local government tells homeowners that they may not build a multifamily dwelling in an area containing only single-family dwellings.

C : The local government lays pipeline beneath the surface of privately owned land.

D :

The state government grants property ownership to homeowners who discover the property line runs through the middle of their home.

Answer: A