US Economics Major Advanced Test 8

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20 questions · All questions on one page

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University Major — Test 8 (Economics Major Advanced) University (Undergraduate Majors, USA) USA USA University Majors Curriculum

What is this test? for University Major review (University Major — Test 8 (Economics Major Advanced)), USA — University (Undergraduate Majors, USA) level, USA.
For University students (Undergraduate) in Test 8 (Economics Major Advanced) in the USA — is this your major?
Section: University Major — Test 8 (Economics Major Advanced) · Education: University (Undergraduate) · Part: University Major — Test 8 (Economics Major Advanced) · Country: USA

Economics is a fundamental social science examining the relationship between unlimited wants and scarce resources.

This test will help you assess your knowledge of micro- and macro-economics.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is target market?

A) Intended buyers

B) Everyone

C) No buyers

D) Sellers

Question 2

What is leadership?

A) Ordering only

B) Guiding people

C) No people

D) Doing all

Question 3

What is HR?

A) No people

B) Robots only

C) People management

D) Outsourcing only

Question 4

What is a business plan?

A) No plan

B) One page

C) Oral pitch

D) Roadmap document

Question 5

Which term means "Lent money paper"?

A) a bond

B) accounting

C) the accounting equation

D) a balance sheet

Question 6

Which term means "Rival sellers"?

A) accounting

B) competition

C) the accounting equation

D) a balance sheet

Question 7

Provide the definition of a balance sheet:

A) Movie

B) Letter

C) Snapshot finances

D) Ad

Question 8

Provide the definition of profit:

A) Loss

B) Break even

C) No sales

D) Gain over cost

Question 9

Which term means "Planning leading organizing"?

A) management

B) accounting

C) the accounting equation

D) a balance sheet

Question 10

Which term means "Rising prices"?

A) accounting

B) inflation

C) the accounting equation

D) a balance sheet

Question 11

Provide the definition of a budget:

A) Tax bill

B) Bank loan

C) Spending plan

D) Savings jar

Question 12

Provide the definition of interest:

A) Free money

B) Savings gift

C) Tax refund

D) Borrowing cost

Question 13

Which term means "Assets equal liabilities equity"?

A) the accounting equation

B) accounting

C) a balance sheet

D) revenue

Question 14

Which term means "Whole-economy study"?

A) accounting

B) macroeconomics

C) the accounting equation

D) a balance sheet

Question 15

Provide the definition of supply and demand:

A) Fixed prices

B) No market

C) Price-setting forces

D) Government sets

Question 16

Provide the definition of finance:

A) Making goods

B) Hiring staff

C) Selling only

D) Money management

Question 17

Which term means "Product price place promotion"?

A) the 4 Ps

B) accounting

C) the accounting equation

D) a balance sheet

Question 18

Which term means "Recording finances"?

A) the accounting equation

B) accounting

C) a balance sheet

D) revenue

Question 19

Provide the definition of operations:

A) Selling only

B) Counting only

C) Making delivering

D) No making

Question 20

Provide the definition of revenue:

A) Costs

B) Debts

C) Losses

D) Earned income

US Economics Major Advanced Test 8

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