Question 1

The interest rate on short-term loans that large banks charge their commercial borrowers who have excellent credit ratings is called the

Options :

A : funds rate

B : market rate

C : discount rate

D : prime rate

Answer: D

Question 2

Which of the following is an example of place utility?

Options :

A : Arrangements are made for the transfer of title from seller to buyer.

B : Goods or services are available at a convenient location when the consumer wants to buy them.

C : Products requested by the consumer are ordered on demand.

D : A business firm converts raw materials into finished products.

Answer: B

Question 3

Which of the following issues was the Computer Fraud and Abuse Act (CFAA) originally created to address?

Options :

A : Unsolicited email messages

B : Identity theft

C : Hacking

D : Cyberbullying

Answer: C

Question 4

Which of the following is a primary purpose of financial markets?

Options :

A : Allocating capital efficiently

B : Controlling inflation

C : Lowering the yield on bonds

Answer: A

Question 5

Which THREE of the following are the primary responsibilities of a human resources department?

Options :

A : Facilitating new employees’ orientation

B : Compiling and posting financial statements

C : Communicating employer policies and expectations

D : Developing new product designs and production strategies

E : Advising employees on privacy rights and health insurance options

Answer: A,C,E