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Exam (elaborations)

Business management, Marketing, and Technology MTTC; Qs & As

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Business management, Marketing, and Technology MTTC; Qs & As A command economy is characterized by: Correct Answer-The government controlling prices and production Which of the following is not a responsibility of the Securities and Exchange Commission (SEC)? a. Regulating securities b. I...

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  • September 1, 2024
  • 31
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MTTC
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Business management, Marketing, and
Technology MTTC; Qs & As
A command economy is characterized by: Correct Answer-The government controlling

prices and production




Which of the following is not a responsibility of the Securities and Exchange Commission

(SEC)?


a. Regulating securities


b. Investigating insider trading


c. Setting interest rates


d. Processing applications for initial public offerings (IPOs) Correct Answer-Setting interest

rates




In marketing, the demand for a product is directly influenced by: a. Customers' desire for a

product


b. Customers' ability to obtain a product


c. Availability of a product


d. Both A and B Correct Answer-Both A and B

, Business management, Marketing, and
Technology MTTC; Qs & As
The Sarbanes-Oxley Act of 2002: Correct Answer-Was intended to fight corporate and

accounting fraud




An employee earns $2,000.00 per month in gross pay, but pays $104.36 for health insurance,

9% in federal taxes, 3% for state taxes, and 2% for local taxes. What is the employee's net

pay? Correct Answer-$1,615.64




A market in which product availability exceeds demand is called a: Correct Answer-Buyer's

Market




Which of the following is not a part of Maslow's hierarchy of needs?


a. Self-actualization


b. Esteem


c. Safety


d. Supply and demand Correct Answer-Supply and Demand




Which of the following countries is not part of NAFTA?

, Business management, Marketing, and
Technology MTTC; Qs & As
a. Mexico


b. United States


c. Canada


d. China Correct Answer-China




A consumer's credit score is directly influenced by which of the following factors? Correct

Answer-Debt Repayment History




Upon which organization does the international community primarily rely to deal with claims

of unfair protectionism by one country against another? Correct Answer-World Trade

Organization (WTO)




A homeowner is attempting to choose between several mortgage loans for a $200,000 home.

Which of the following would have the lowest monthly payment?


a. A 30-year fixed rate mortgage at 6%


b. A 15-year fixed rate mortgage at 7%


c. A 30-year fixed rate mortgage at 12%

, Business management, Marketing, and
Technology MTTC; Qs & As
d. A 15-year fixed rate mortgage at 12% Correct Answer-A 30-year fixed rate mortgage at

6%




The biggest factor that leads American companies to manufacture their products overseas in

developing countries like China and India is: Correct Answer-Lower Labor Costs




Which of the following correctly summarizes the accounting equation for a sole

proprietorship? Correct Answer-Assets = Liabilities + Owner's Equity




In order to present a business plan to a group of potential investors, a businessperson would

most likely use which software? Correct Answer-Powerpoint




In order to start an online business, and individual would need all but which of the following:


a. A business model


b. A website


c. An email address


d. A fax machine Correct Answer-A fax machine

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