BUS 508 Final Exam 2

1. A paid, non-personal sales communication usually directed at a large number of potential buyers

2. The process of finalizing a sale is the ________.

3. In breakeven analysis, total cost is composed of ________.

4. Business costs that remain change with the level of production are called ________ costs.

5. When a firm tries to differentiate its products, it often applies a concept known as

6. An expert system would most likely be used to ________.

7. The person who directs a firm's management information systems and related computer operations is often called the ________.

8. The largest type of computer system with the most extensive storage capacity and the fastest processing speeds is a ________

9. Which of the following is an application program?

10. Raw facts and figures are ________.

11. All of the following are tangible assets EXCEPT ________.

12. What is the primary role of a government accountant?

13. ________ activities focus on selling goods and services.

14. ________ activities provide the necessary funds to start a business and to expand it after it begins operations

15. The natural progression of a business begins with ________.

16. The ____ is a collection of financial markets in which previously issued securities are traded among investors.

17. The most common type of order is called a ___. It instructs the broker to obtain the best possible price—the highest price when selling and the lowest price when buying.

18. When a company needs capital to purchase inventory, expand a plant, make major investments, acquire another firm, or pursue other business goals, it may sell a bond or stock issue to the investing public. This is done which market?

19. A _____ is a time deposit at a financial institution, such as a commercial bank, savings bank, or credit union.

20. These securities are backed by a pool of mortgage loans purchased from lenders, such as savings banks.

21. Borrowing money ________.

22. All of the following actions result in equity capital EXCEPT ________.

23. In the typical firm, the ________ is the chief accounting manager.

24. When a firm receives goods or services from a supplier and agrees to pay for them at a later date, this arrangement is called ________.

25. All of the following are sources of short-term funds EXCEPT ________.