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5 Written questions

5 Matching questions

  1. code of ethics
  2. command economy
  3. patent
  4. social responsibility
  5. bank reconciliation
  1. a the process of seeing whether your records agree with the bank's records for your account
  2. b set of strict guidelines for maintaining ethics in the workplace
  3. c gives you the sole right to own an invention
  4. d a central authority makes the key economic decisions
  5. e duty to do what is best for the society

5 Multiple choice questions

  1. Companies gather and study information about consumers to determine what kinds of goods and services to produce
  2. a piece of metal stamped and issued by the authority of a government for use as money.
  3. A marketable U.S. government debt security with a fixed interest rate and a maturity between one and 10 years.
  4. necessary for cashing a check
  5. the report of the financial state of a business on a certain date

5 True/False questions

  1. trustwhen rival companies form a monopoly by banding together and agree not to compete with each other


  2. unfavorable exchange ratewhen the value of a country's currency goes down compare to another country's


  3. income statementa bank's record of all the transactions in a checking account


  4. interest-bearing accountthe federal government focuses on business that takes place across all states


  5. Direct DistributionInvolves one or more intermediaries


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