Cards in this guide (18)
What are the two types of expenses
fixed expenses and variable expenses
How can a graph be used to determine the break-even point
Draw graphs of cost per item and revenue per item. In general,
the first graph will start above the second but the second will
have a steeper slope. As a result, the revenue per item may cross
the cost graph and that is the break-even point.
What is said of a country's currency when it takes more of the currency to buy the same amount of another country's currency
When does a trade surplus occur
When a country exports more goods then it imports
What best describes market prices that change often and to a great degree with dramatic spikes and plunges
Volatile is the word that best describes market prices that
change often and to a great degree with dramatic spikes and
plunges.
Why will the baby-boomer generation be a potential problem for government spending
the ratio of workers to retirees will be low, which will lower
the income tax base from which to fund Social Security
Which is not considered an entitlement payment
Which term best describes the rate at which a country's currencies convert to other currencies
What occurs when expenses are greater than revenue
What does acquired 100 shares mean
Generally speaking the phrase of "acquired 100 shares" means
that a person has purchased 100 shares of a corporation's
stock.
Is a portrait of the corporation over a specific period of time which shows the corporation's earnings and expenses
profit and loss statement.
Which of these is not an advantage of the foreign production of goods
Which term best describes the difference between incomes and receipts whereas the receipts are the greater amount
What is a trade surplus
country export more than they import
Which term describes the amount of money the nation owes
Of the following which term covers a wide range of government promises of financial benefit to particular persons who meet certain criteria
Choose the best meaning for this suffix. -phobia
The meaning is "fear of".
As previously underdeveloped nations begin to compete in the global market, which of the following has occurred
increase in energy usage, causing higher prices
