If you put off making a decision or performing a task, you are _______.a.Weightingb.Prioritizingc.Analyzingd.Procrastinating
Which is the correct sequence for recording transactions and preparing financial statements? a. journal, ledger, trial balance, financial statements b. financial statements, trial balance, ledger, journal c. ledger, journal, trial balance, financial statements d. ledger, trial balance, journal, financial statements?
You may have been a victim of identity theft if... A- You look at your credit report and notice accounts you didn’t open B- You notice charges on your bank account that you don’t recognize C- Your favorite store e-mails you to let you know their data was stolen D- All of the above
"...there is quite as much trouble in the reformation of an old constitution as in the establishment of a new one, just as to unlearn is as hard as to learn." this excerpt is from which document?
This company became the richest company on earth. british east india company dutch east india company french east india company spanish east india company
What common misconceptions about paying taxes exist? Check all that apply. A person who is unable to pay taxes does not have to pay them. A person who chooses not to pay taxes does not have to pay them. Simply forgetting to file taxes will not result in jail time. Making a mistake on your taxes will likely result in a fine. Depending on a person’s salary, he or she may be exempt from taxes.
The Sherman Antitrust Act imposed limitations upon which group? a. farmers c.corporations b. Congress d.small-business owners
Which savings account can a financial institution end? a. callable certificate of deposit b. youth savings account c. money market account d. credit union account
One fact about all currency is that itloses value over timehas a changing valuemaintains a stable valuegrows increasingly valuable
U.S. membership in the World Trade Organization has had which of these effects? It has resulted in a steady growth in international trade. It has reversed the decades-long trend towards outsourcing. It has made the U.S. economy more vulnerable to recessions. It has made a significant contribution to the U.S. national debt
When a cabinet member makes a recommendation to the president, the president is required by the constitution to implement the recommendation is required by law to implement the recommendation has no obligation to follow their guidance can be impeached if he does not follow their guidance?
To demonstrate malleability, you must be willing to ______. a. follow directions b. track your goals c. work more than others d. take on new responsibilities
When bonds are retired at maturity, ________. the carrying value always equals the face value the carrying value equals the face value plus the unamortized premium or less the unamortized discount the entry to retire the bonds may include a gain or loss on retirement of bonds the bondholders are paid the face value plus the unamortized premium or less the unamortized discount?
One of the most common causes of fires in the home and workplace is: A. All of the above B. Arson C. Candle D. Faulty electricity
Select the items that describe incentives.can be rewards or penaltiesinfluence future actionsencourage people to actcan be monetary or non-monetary
To protect consumers, the SEC requires brokers and dealers to information about securities. True or False
Which of the following would be considered company benefits? A. payments for overtime work B. payments for company events C. payments for unemployment insurance D. payments for health insurance
Which of the following is a tax incentive? A.a tax on imported goods B.a set amount that you subtract from your gross income for yourself and any dependents C.taking tax payments out of an employee’s pay before he or she receives it D.the use of taxation to encourage or discourage certain behaviors
Which of these does not fall under the "marketplace" umbrella? 1. stock market 2. e-commerce 3. physical places of business 4. taxation
1. When John received his W2, he received several copies. Why was he sent multiple copies of this form? I do not know John gets 2 copies because this is a W-2. He would get 4 copies of a W-4 The government always prints multiple copies of forms The different copies are for John and each tax return he may file 2. Who sent John this W-2? The Federal Government The Internal Revenue Service I do not know John's employer - ProperLiving Widget Engineering & Design 3. How much did John make in wages in the 2014 tax year? (assuming this was John's only job) $31,878.71 I do not know $48,119.00 $42,417.88 4. How much did John 'take home' in net pay? (assuming this was John's only job) $42,417.88 I do not know $48,119.00 $31,878.71 5. How much did John save in his 401(k) in the 2014 tax year? $1,781.46 $1,217.39 I do not know $2,113.29 6. Assume your employer provides health care insurance and deducts your portion of the premiums from your paycheck with pre-tax dollars. Are your health insurance premiums federally tax deductible? Yes No 7. John earned $2,500 as a life guard over the summer. This was his only job and income taxes were deducted from his paychecks by his employer. For filing a tax return, what should John do? John should file a tax return. He can then get all of his taxed money refunded. John should report this income on his parents tax return since he is still living at home. John should not file a tax return. John is legally not required to file because his income is less than the minimum requirement for filing. John should send a check for $50 to the IRS in case the employer didn't take out enough taxes. 8. Select what would happen to your 1) taxable income and 2) tax liability when you are able to claim a deduction such as student loan interest? 1) higher 2) lower 1) higher 2) higher 1) lower 2) higher 1) lower 2) lower 9. Which are tax deductible? Medical Bills totaling $200 All of the answers are correct None of the answers are correct Student loan payments 401k gains Community service hours
Which of the following is influenced by personal economic choices? Check all that apply. 1.the cost of your rent and utilities 2.the resources you have available the amount of money you spend on a bus pass 3.the money you decide to spend on leisure products 4.the amount of money you put into your savings account 5.the manner in which you balance your time between work and leisure
The harm of stereotypes are likely to be aggravated in ________. a. Learning situations b. Conflict situations c. Living situations d. Realistic situations
The cost of coffee is determined by the type of coffee beans that are mixed together. The cost of a local mix of Arabica and Robusta beans is modeled by the equation below where A = the pounds of Arabica and R = pounds of Robusta. 700A + 1200R = 1,000,000 If a mixture contains 1000 pounds of Arabica beans, how many pounds of Robusta beans should be in the mixture? R = ________________
Which of the following is an example of vertical integration? purchasing competitors purchasing suppliers informally agreeing on prices buying stock in competing companies