MEGA Business: Practice & Study Guide Final Exam

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Question 1 1. What percentage is 122 out of 222?

Question 2 2. Which type of organizational design structure keeps the core functions of the business internal while outsourcing non-core functions to third parties?

Question 3 3. What were the Hawthorne Studies?

Question 4 4. A bank gets a demand deposit of $50,000. If the reserve requirement is 10%, what is the maximum the bank can loan out at this time?

Question 5 5. Which of the following statements best describes the use of fiscal policy during a recession?

Question 6 6. A former employee sued his company for patent infringement. He claimed that they were trying to establish a monopoly and that they cost him his life's savings. The jury ruled in his favor and decided the company needed to pay him $20 million. The court chose to use a provision of the Clayton Act called treble damages, meaning that the company had to pay _____.

Question 7 7. Which type of accounting system is best for a smaller business?

Question 8 8. Securities that are listed and traded on a securities exchange are called:

Question 9 9. GAAP sets the standards for the creation of what?

Question 10 10. What's the difference between a person acting as a broker as opposed to a dealer?

Question 11 11. Which of the following is an example of categorical data?

Question 12 12. _____ measures market volatility to forecast significant changes in stock prices.

Question 13 13. A local chef visited a local farmer. The chef said he would buy as much cauliflower as the farmer could grow. The following week, several truckloads of cauliflower arrived at the chef's restaurant. The chef refused to pay, and the farmer threatened to sue. Which of the following would apply?

Question 14 14. Marcy gets orders to work on clients from her supervisor. When her supervisor is away and an important decision needs to be made, Marcy is authorized to make it. Marcy works _____.

Question 15 15. Who is credited with being the first to propose the idea of formal and substantive approaches to economics?

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MEGA Business: Practice & Study Guide Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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