Economics: Today and Tomorrow © 2012

Chapter 10: Financing and Producing Goods

Financing and Producing Goods

1
Renting new stores and training new workers are some of the _____.
A)costs of expansion
B)expected revenues
C)expected profits
D)sources of financing
2
In a market economy, resources go where _____.
A)they generate the highest expected value
B)they are needed most
C)the benefits of expansion are uncertain
D)costs are greatest
3
Obtaining funds or money capital for business expansion is known as _____.
A)financing
B)cost-benefit analysis
C)revenues
D)stock
4
Which of the following describes preferred stock?
A)Issued by all corporations
B)Pays a fixed dividend
C)Holders of this stock have voting rights
D)Stock most often bought and sold
5
When a corporation sells bonds, it is engaging in ______.
A)short-term financing
B)intermediate-term financing
C)long-term financing
D)trade credit
6
Renting rather than buying is called _____.
A)a trade credit
B)leasing
C)a line of credit
D)a promissory note
7
Which of the following is defined as the maximum amount of money a company can borrow from a bank during a period of time?
A)Trade credit
B)Promissory note
C)Debt financing
D)Line of credit
8
A slip of paper stating that a product you have purchased was "Inspected by Number 15" is an example of _____.
A)quality control
B)product design
C)technology
D)planning
9
Which of the following is defined as a production system in which a good moves on a conveyor belt past workers who perform individual tasks to assemble it?
A)Production
B)Mechanization
C)Assembly line
D)Entrepreneurship
10
Which of the following is defined as the process of changing resources into goods that satisfy the needs and wants of individuals and businesses?
A)Production
B)Mechanization
C)Assembly line
D)Automation
Glencoe Online Learning CenterSocial Studies HomeProduct InfoSite MapContact Us

The McGraw-Hill CompaniesGlencoe

Please read our Terms of Use and Privacy Notice before you explore our Web site. To report a technical problem with this Web site, please contact the Web Producer.