Multiple Questions Answers

1. The rate the Fed charges member banks for short-term loans is called the

A. margin rate.

 B. federal funds rate.

C. discount rate.

D. reserve requirement.

2. _______ planning involves choosing specific work targets and assigning employees and teams to carry out plans.

A. Contingency

B. Operational

C. Strategic

D. Tactical

3. The Social Club is conducting a breakeven analysis to determine how many tickets it must sell at $15 each to break even on the Holiday Dance. Fixed costs are $2,000, and the variable cost per person is $10. To break even, the Social Club must sell ________ tickets.

A. 500

B. 400

C. 800

D. 80

4. The country Artesia exported products totaling $86 billion last year. During the year, Artesia imported products valued at $43 billion. Artesia has a/an

A. trade deficit of $43 billion.

B. unfavorable balance of payments.

C. trade surplus of $43 billion.

D. exchange rate of 2 to 1.