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5 Written questions

5 Matching questions

  1. income statement
  2. Break-even point
  3. Environmental Protection Agency
  4. overdraft protection
  5. strong command
  1. a a prearranged line of credit for overdrawn checks
  2. b federal agency that enforces rules that protect the environment and control pollution
  3. c communism, the state makes all the economic decisions
  4. d a report of a business's net income or net loss over a specific period
  5. e The amount of money a company has to make on a product to pay for its costs

5 Multiple choice questions

  1. profit from the sale of assets, as bonds or real estate.
  2. time worked beyond the regular hours - pay is 1 1/2 times the regular rate of pay
  3. revenue is greater than expenses
  4. goods and services that one conuntry sells to another country
  5. money must hold its value over time

5 True/False questions

  1. Cashmoney or an equivalent, as a check, paid at the time of making a purchase

          

  2. Unit of Measurelike using a credit card but money is deducted directly from a checking account rather than a credit account

          

  3. stop paymentgives you the sole right to own an invention

          

  4. Business ethicsstudies how society chooses to use resources to produce and distribute goods and services for people's consumption

          

  5. demand depositsthe amount or quantity of goods and services that consumers are willing to buy at various prices