MULTIPLE CHOICE QUESTIONS (OUT OF ORDER) - 3rd PART - BUSINESS ECONOMICS

The operation that consist in that a bank advances the owner of a bill of exchange the payment before the due date is called:
1. Bill of exchange discount
2. Payment of a debt
3. Deferred payment
The cash conversion cycle is related with:
1. The fixed assets renovating cycle
2. The operating cycle
3. The financing used in the investments
The cash-flow of an investment refers to:
1. The difference between the revenues and the expenses of an investment
2. The difference between the profits and the loss of an investment
3. The difference between the collections and the payments of an investment
The Payback is:
1. The cash conversion cycle
2. The average time to recover an invested unity in the depreciation cycle
3. The time period to recover the initial investment or outlay
The bonds are:
1. Proportional parts of a loan
2. Proportional parts of the share capital
3. The dividends that have been paid to the shareholders
What is the IRR?
1. It's the profit of an investment and valued in the present time
2. It's the interest rate that makes the net present value equal to zero
3. The time period to recover an investment
What is the leasing?
1. A way to finance the fixed assets
2. An employment contract
3. A contract with a bank to get a loan
The running credits have the aim of:
1. To finance the current assets
2. To finance the non-current assets
3. None of the others is correct
The working capital is the difference between:
1. The long term capitals and the current assets
2. Current assets and current liabilities
3. Non-current assets and current liabilities
A premium of issuing of shares is:
1. The difference between the nominal value and the conversion value
2. The difference between the refund value and the nominal valuel
3. The difference between the issuing value and the nominal value
The cash conversion cycle is:
1. The raw material conversion period + the goods in process conversion period + the finished goods conversion period + the receivables conversion period
2. Only the goods in process conversion period + the finished goods conversion period
3. The average period to produce the goods, since the raw material go into the production process till the finished goods go out the warehouse
What is a loan?
1. A current account credit
2. A resource of external financing divided in equal parts named bonds
3. A loan that the businessman gives to the firm
The issuing of bonds is a financing resource that we can name:
1. Shareholder's equity
2. Long term capitals
3. Internal resources
You must only choose the correct answer:
1. The working capital is equal to the non-current assets minus the current assets
2. The working capital is equal to the long term capitals minus the current assets
3. The working capital is equal to the long term capitals minus the non-current assets
The cash conversion cycle is:
1. The time that we last to produce the goods in the firm
2. The time that the products are stored in the firm
3. The average length of the operating cycle
The pre-emption right exits:
1. Because of the loss of value of the shares of a corportation as a consequence of an increase in capital
2. Because of the need to guarantee the shareholders' personality by avoiding the admission of new shareholders, that the existing shareholders don't like
3. Because it guarantees to the corporation that increase in capital a higher revenue from the sale of new shares
When the current assets is lower than the current liabilites it is said that:
1. The working capital is negative
2. The working capital is positive
3. There is a financial stability
The depreciations due to the firm's assets wear:
1. Don't have accounting effects
2. Don't have an effect in the Profit and loss statement
3. Are entered in the books in the firm's assets with minus sign
When a firm sells its accounts receivable to another firm, we are defining:
1. The leasing
2. The bill of exchange discount
3. The factoring
The main characteristics of an investment are::
1. Ease financing
2. Liquidity and profitability
3. Liquidity, profitability and security
The cash conversion cycle is:
1. The average length of the operating cycle
2. The average length of the fixed assets
3. The average length of the issuing of bonds
We call book value of a share to:
1. The assets of a Public Limited Company (PLC) minus the net worth divided by the number of shares
2. The non-current assets divided by the number of shareholders
3. The capital of the firm plus the reserves divided by the number of shares
The factoring is:
1. A rent of the accounts receivable
2. A rent with an option to buy
3. The buying and selling of the accounts receivable
What are the things that define an investment?
1. The number of fixed assets that we buy and the number of businessman's investments
2. The payment of the investment, the cash-flows and the useful life of the investment
3. The cash-flows of the five first years and the interest rate
What are the bills of exchange?
1. The outcome from the sale of the products
2. The outcome of the purchase of raw materials
3. The bill of exchange
The share capital is a/an . . . financing
1. Equity
2. Internal
3. Mixed
The working capital is:
1. The paid up capital plus the reserves
2. The part of the non-current assets that is financed with long term resources
3. The part of the current assets that is financed with long term resources
We must do the transfer of invoices and, in general, the accounts receivable to a firm of:
1. Factoring
2. Leasing
3. Renting
The amortization is:
1. The amounts that we get from profits to cover the depreciation of the elements of non-current assets
2. A financing credit
3. Shareholders' investment to buy a new non-current assets
The cash-flow is:
1. The profit that we get from an investment
2. The sales minus the amortization
3. The difference between the collections and the payments from a investment in a certain period of time
We call book value of a share to:
1. The assets of a Public Limited Company (PLC) minus the net worth divided by the number of shares
2. The non-current assets divided by the number of shareholders
3. The net worth divided by the number of shares
The Internal financing resources are:
1. Reserves, the Net Income of the period and the Depreciations
2. The share capital and the issuing shares premiums
3. The share capital and the reserves
What of the following investment profitability Indexes can we express in years?
1. The Net Present Value
2. The Payback
3. The Internal Return Rate
When the working capital is negative we say that:
1. The Fixed assets are financed with long term resources
2. The Assets is higher than the Net worth plus the Liabilities
3. Part of the Fixed Assets are financed with Current Liabilities
What are the long term resources of a firm?
1. It's the current liabilities
2. It's the Net worth plus the non-current liabilities
3. It's the Fixed assets plus the non-current liabilities
The pre-emption right is:
1. An agreement between the shareholder and the firm to obtain the firm's products at a lower price
2. A compensation that is offered by the corporation, due to the possible dilution effect that could produce for the shareholder with the increasing of capital offered by the corporation
3. A promissory note issued by the corporation to compensate the shareholder with the possible variations of the market price of the shares
The factoring is:
1. The issuing of shares under par
2. The renting of a good with the option to buy it
3. The sale of some accounts receivable over a customer to other firm
The bonds are:
1. Parts of a loan that is taken by the issuing corporation
2. Part of the capital of a Public Limited Company
3. Resources that the own firm has created
The financing of assets by means of a renting contract with the option of buy it is called:
1. Leasing
2. Factoring
3. Bill of exchange discount
The liabilities are:
1. Those that come from the corporation's activity
2. Those that come from, among others, financial entities
3. Those that come from reserves and non distributed profits
If we told about security prices we are talking about the:
1. Financial Market
2. Stock Market
3. Banking Market
The working capital is the difference between:
1. Non-current assets minus current assets
2. Non-current liabilities minus current liabilities
3. Long term capitals minus non-current assets
If the working capital is negative:
1. The current assets are higher than the current liabilities
2. The current assets are lower than the current liabilities
3. The current liabilities are higher than the non-current liabilities
What of the following is an internal financing source?
1. The loans
2. The factoring
3. The amortizations
The main characteristics of an investment are:
1. Liquidity and profitability
2. Liquidity and security
3. Liquidity, profitability and security
The cash conversion cycle is:
1. The average length of a financial asset
2. The average length of a machinery
3. The average length of the operating cycle
A limited company has a share capital of 50,000 €, divided in shares of a nominal price of 200 €, how many shares are there in its capital?
1. 100
2. 500
3. 250
A negative working capital means:
1. A bankruptcy of the firm
2. That the Net worth plus the liabilities are higher than the assets
3. That the current liabilities are higher than the current assets
The money used to finance the current assets are:
1. Running credits
2. Financing credits
3. Loans
Which of the following financing sources is an internal financing?
1. The increases in capital
2. The reserves
3. The factoring
The investments that start projects that the firm doesn't have made previously are:
1. Investments of renovation
2. Investments of innovation
3. Investments technological capital
The part of the current assets that is financed with long term capital is:
1. The break-even point
2. The solvency rate
3. The working capital
What is the technical amortization of the fixed asset?
1. The refund of the money that people have lend to us to buy the fixed asset
2. The estimate of the depreciation of the fixed asset
3. The estimate of the time that its activity in the firm will last
What is the stock exchange?
1. It's the place where the agricultural products are auctioned
2. It's the place where the long term loans are agreed
3. It's the place where people can buy and sell shares
The bonds are:
1. The passive dividends
2. The equal parts of a loan
3. The quotas to pay of a loan
The equity are:
1. The capital and the reserves
2. The capital and the current liabilities
3. The cash asset
A Public Limited Company use the internal financing when:
1. It doesn't give to the shareholders the profits of the year, and they go to reserves
2. It obtains a loan of a bank
3. The payment of the debt with the short term commercial suppliers is postponed
The leasing is an operation:
1. of financial renting
2. of banking loan
3. of sale of accounts receivable over customers of a bank
The shares can be issued:
1. At par, over par and under par
2. At par and over par
3. At par and under par
The factoring involves the sale of the firm to a financial middleman of:
1. Accounts receivable to obtain inmediate liquidity at a low cost
2. Accounts receivable to obtain inmediate liquidity at a high cost
3. Accounts receivable in exchange for part of the share capital of a company
We call maintenance internal financing to:
1. The amortizations and the provisions
2. The firm debts with suppliers of productive factors
3. Short term banking loans
In the shares that we have issued over par:
1. The issuing value is the same as their market value
2. The issuing value is higher than their theoretical value
3. The issuing value is higher than their nominal value
The internal financing that, at the same time, is equity are:
1. The reserves, the remaining, the profit of the year and the amortizations
2. The current account credits, the loans, the bill of exchange discount and the factoring
3. The share capital, subventions in capital and issuing premiums
What is the NPV?
1. It's the interest rate that makes the Net Present Value equal to zero
2. The time to recover the investment
3. The profit of an investment that is valued now
The working capital is zero when:
1. Current assets = Current liabilities
2. Current assets = Non-current liabilities
3. Non-current assets = Net worth
The productivity is:
1. The ratio between the profits of a period and the invested capital
2. The ratio between the sales of a period and the total assets
3. The ratio between the production of a period and the resources that we have used to obtain it
When a factor incorporates quickly to the final product, we are talking about:
1. Direct cost
2. Indirect cost
3. Financial cost
The cost of the car insurance for a taxi driver is:
1. A variable cost
2. A total cost
3. A fixed cost
The stock breaking is:
1. The damage of a product
2. The breakdown in the wharehouse
3. To run out the stocks of a product
The fixed costs are:
1. Independents of the output
2. All the firm's expenses
3. All the expenses that we have had to obtain the product
The cost occurs when:
1. The factors of production are bought
2. The purchased factors are consumed
3. The purchased factors of production are paid
Which of them is a variable cost?
1. The consumed energy
2. The rents
3. The Economic Activities Tax
The productivity is:
1. The ratio between the spended and the obtained money for a firm in a time period
2. The ratio between the output in the present period and the output that we expect get in the following period
3. The ratio between the obtained amount of product and the used amount of factors during a time period
The consumption of a factor that incorporates quickly to the final product, is:
1. A direct cost
2. An indirect cost
3. A fixed cost
The productivity is:
1. The ratio between the real output and the forecasted output
2. The incorporation of an extra value to the product
3. The ratio between the output and the amount of factor that we have used
In a furniture factory, the consumption of wood is:
1. An average fixed cost
2. A total cost
3. A variable cost
A fixed cost is:
1. That cost that remains independent of the production level
2. That cost that have a firm necessarily as the purchase of raw material
3. A cost that remains the same at short term and at long term
The variable costs are:
1. Those that depend on the output
2. Those that change according to the time
3. Those that are independent of the output
The productivity is the ratio between:
1. The forecasted production and the real production
2. The obtained production and the factors that we have used
3. The profit and the capital
The variable cost are:
1. Proportional to the output
2. The costs of workers without a contract of indefinite duration
3. Independent to the output
Variable cost are:
1. Those that change according to the time
2. Those that change according to the output
3. Those that don't change according to the time
The break-even point is:
1. The amount that the firm must produce to the revenues will be the same as the costs
2. The amount that the firm must produce to the revenues will be higher than the costs
3. The amount that the firm must produce to the revenues will be lower than the costs
In a car factory, the consumption of sheet to produce cars is:
1. An average fixed cost
2. A total cost
3. A variable cost
In a production process, when the profit is equal to zero, at what production level is the firm?
1. In the maximum production level
2. In the maximum sales volume
3. In the break-even point
How can we class the cost according to the volume of production?
1. Fixed and variable
2. Transport and storage
3. Direct and indirect
The ratio between the volume of production and the quantity of used factor is called:
1. Productivity
2. Return on assets
3. Average production
In a production process, when the profit is equal to zero, in what production level we are?
1. In the maximum volume of production
2. In the minimum cost
3. In the break-even point
The firm's production costs according to the volume of production are:
1. Fixed and variable
2. Real and forecasted
3. Direct and indirect
In a production process, the short term total costs are:
1. Fixed costs and opportunity costs
2. Fixed costs and variable costs
3. Amortization costs and fixed costs
In the phase of maturity of a product:
1. The firm's profit is increasing
2. The velocity of growth of the sales maintains
3. The sales have a strong growth
The market research aim is:
1. To distribute the goods that the firms produce
2. To give information about the market and its environment
3. To inform to the consumers
The elements of the marketing-mix are:
1. Product, price, distribution and commercial comunication
2. Product, price, market and sellers
3. Price, market, firm and product
What are the elements of a market?
1. The place where the market is
2. The different physical components that are the framework to the realization of the transactions
3. The buyers, the sellers, the product and the price
The personal training is:
1. An investment in human capital
2. An expense in human capital
3. A theory of motivation of workers
The Marketing-Mix are:
1. Product, price, promotion and distribution
2. Product, price, market and sellers
3. Price, market, firm and product
When can we say that a market is a bilateral monopoly?
1. When the same that is bought is sold
2. When the number of suppliers is equal to the number of demanders
3. When there is a supplier and a demander
A market with few suppliers and many demanders is called:
1. Oligopsony
2. Oligopoly
3. Perfect competition
The aim of the market research is:
1. To market the goods that the firm produce
2. To provide information about the market and its environment
3. None of the others is correct
The cycle of the life of the products is:
1. The group of physical and visible characteristics of the good or service that the firm offers
2. The different phases of the product since its birth until its disapearance
3. The group of services that are added and that complement the product
One of the following statements isn't a neccesary condition to a market can be a perfect competition market:
1. There is a high number of buyers and sellers
2. There are entry barriers in the industry
3. The product must be homogeneous
A oligopoly is a market in which the number of suppliers and demanders is:
1. Few suppliers and few demanders
2. Few suppliers and many demanders
3. One supplier and many demanders
The retailers are:
1. Middlemen who sell directly to the final consumer
2. Middlemen who buy the products in large quantities to sell them to other middlemen
3. Manufactures of large quantities of products
The group of physical and visible characteristics of the good or service that the firm offers is:
1. The tangible product
2. The extended product
3. The generic product
In the selective distribution:
1. The firm chooses only one middleman
2. The firm chooses a limited group of middlemen
3. The firm chooses all the possible distributors
The main variable of marketing-mix are:
1. Product, price, brand and distribution
2. Product, price, brand and commercial communication
3. Product, price, distribution and commercial communication
The data collected specifically to a certain research are:
1. Primary data
2. Secondary data
3. Tertiary data
In a oligopsony there are:
1. Many suppliers and few demanders
2. Many demanders and few suppliers
3. Few suppliers and few demanders
If in a market segmentation the used variable is the level of education we are using a:
1. Demographic variable
2. Socioeconomic variable
3. Geografic variable
The marketing-mix involves the adoption of decisions about:
1. The product, the price and the investment in raw material
2. The product, the price, promotion and distribution
3. The purchasing of machinery, price, product and service
The Marketing-Mix is composed by:
1. Product, price, communication and distribution
2. Product, price, market and sellers
3. Price, market, firm and product
In the phase of maturiry of the life of a product:
1. The sales increase quickly
2. The sales and the profits decreease a lot
3. The sales stabilize
The Marketing-Mix is:
1. A plan of action that the corporation's commercial research determinates
2. A plan of action that makes up decisions about product and communication
3. A plan of action that makes up decisions related to the product, the price, the distribution and the communication
The function that takes the firm's product to the consumers is the:
1. of research
2. Commercial
3. of production
The selective distribution consists in:
1. The manufacturer offers his products to all the possible distributors
2. The manufacturer has only one distributor
3. The manufacturer chooses a limited number of distributors
A market with only one supplier and many demanders is:
1. A monopoly
2. A monopsony
3. A bilateral monopoly
One of the following isn't a part of the called "four Ps" of the marketing-mix:
1. The product's manufacture
2. The place or outlet
3. The communication
According to the number of competitors, the markets can classify in:
1. Monopolistic, oligopolistic and perfect competition
2. Wholesaler and retailer
3. International, national, regional and local
A market with many demanders and only one supplier is called:
1. Monopoly
2. Monopsony
3. Oligopoly
Which of the following conditions doesn't belongs to a perfect competition market?
1. Entry/exit freedom in the market
2. Informative transparency
3. Products' differentiation
The reserves are financial resources:
1. External and equilty
2. Internal and liabilities
3. Internal and equity
The firm's cash conversion cycle is:
1. The average time that the operating cycle lasts
2. The time that last the fixed assets last in renew themselves
3. Can't divide on subperiods
In the shares issued at par:
1. The issuing value is the same as the market value
2. The issuing value is the same as the theoretical value
3. The issuing value is the same as the nominal value
A corporation has 6,000 shares at a nominal of 18€ nominal each one, that are quoted at 130%. What is the market value of each one?
1. 13.00 €
2. 18.00 €
3. 23.40 €
What is the correct statement?
1. The stock exchange is the place where the firm's securities are stored
2. The share is the security by means the firm can sue a costumer for unpaid
3. The price is the resulting value of the buying and selling of a security in the stock exchange
The bonds are:
1. Equity securities
2. Constant income securities
3. Fixed income securities
The decisions in a Public Limited Company are taken by means of voting in the following way:
1. Each shareholder has a vote
2. Each shareholder has a number of votes according to the number of shares
3. Each shareholder has a vote for each bond
The payback of an investment:
1. Is the time that we last in recover the sum of the original investment
2. Is the time after which the flows begin to be positive
3. Is the time that lasts in amortize the fixed assets of the firm
What is the correct statement?
1. All the firms are profitable if they have a positive working capital
2. The working capital can be calculated as the subtraction between the non-current assets and the long term capitals
3. The working capital can be calculated as the subtraction between the current assets and the long term capitals
The amortizations are:
1. A external financing resource
2. The money that we use to pay debts
3. The way to indicate in the balance sheet the depreciation of some assets
The cash conversion cycle is:
1. The average time that the operating cycle lasts
2. The time that we last in renove the non-current assets
3. The time between a loan is applied until it is paid
The variable costs are:
1. Those that depend on the modifications in the supplier of the factors
2. Those that depend on variations in the factors' price
3. Those that are proportional to the output
A cost can be defined as:
1. Any outflow of the firm's money
2. The acquisition of productive factors valued in monetary unities
3. The consumption monetary valued of productive factors
The working capital:
1. Is the margin of indebtedness that a firm can reach as a maximum
2. Informs us about the part of the current capital that is financed with long term capitals
3. The other two statements are false
The quality is:
1. The product's characteristics than allow to satisfy the customer's expectations
2. A serie of characteristics that allow that the product to be easily different of the others
3. None of the other answers is correct
A firm increases its production from 357 unities to 642 unities, and its total costs change from 10,750€ to 12,630€, what is its marginal cost?
1. 1,881€
2. 6.6€
3. 285€
For a taxi driver the cost of the diesel oil is a:
1. Fixed cost
2. Variable cost
3. Full cost
In the phase of maturity of the cycle of life of a product:
1. The expenses in promotion and ads are very high and the income obtained is lower
2. The sales and the profits decrease a lot
3. There is a stabiity of the sales and of the profits
The information obtained through a survey is:
1. Primary
2. Secondary
3. Tertiary
Which of the following decisions are part of the product's policy?
1. The advertising and the public relations
2. Actions developped to study what services to offer after the sale of the products
3. Actions to influence on the middlemen
The distribution channel to perishable products must be:
1. Short
2. Long
3. Direct sale
The firm's share market is:
1. Annual sales/Number of customers
2. Firm's sales value/Sector's sales value
3. A product's sales/Firm's total sales
The market segmentation involves:
1. To identify groups of competitors with similar productive processes
2. To use only secondary data resources to the market research
3. The creation of homogeneous groups of customers according to their own needs
The wholesalers are:
1. Distributor that sell directly to the consumer
2. Middlemen that don't acquire the property of the products that they distribute
3. Distributors that sell to other retailers
A monopolistic market is formed by:
1. Only one supplier and many demanders
2. Many suppliers and many demanders
3. Few suppliers and only one demander
The firm's main function to the society is:
1. To create needs in the consumer
2. To cover costs
3. To detect and satisfy the consumer's needs
The multiple production consists on:
1. To produce several product at the same time
2. To obtain several products in differents productive processes
3. To obtain several products in only one productive process
Financially speaking, an increase in capital is:
1. A equity
2. An issuing of bonds made by the firm
3. An increase of the firm's machinery
The issuing value minus the nominal value is equal to the:
1. Refund premium
2. Conversion premium
3. Issuing premium
A negative working capital involves ...
1. A normal situation in the financial structure
2. That the net worth plus the liabilities are higher than the assets
3. That the curren liabilities are higher than the current assets
What are the bonds?
1. The businessman's debts
2. The businessman's duties to service his customers
3. Each one of the parts of a loan
Which of the following criteria of selection of investments expresses in time unities?
1. The Net Present Value
2. The payback
3. The Internal Rate of Return
In the moment that we create a Public Limited Company:
1. The shareholder's investment must be in money
2. The capital must be totally paid
3. It's compulsory to register it in the Mercantile Register
In the Public Limited Companies:
1. The shareholders are responsible personal and without limits from the social debts
2. The shareholders have a pre-emption right in the increase in capital
3. The capital is divided in bonds
Net Present Value is:
1. The price that cost to the businessman to acquire an investment
2. The present value of the net cash flows that the investment creates minus the initial investment
3. The present value that we can sell an investment
For a bank or a saving bank, the creation of a saving account for a customer is:
1. An active operation
2. A passive operation
3. A mediation operation
The pre-emption right is justified by:
1. The loss of value that the shares have after an increase in capital
2. The need to guaranty the right to have a dividend to the new shareholders
3. The corporation's duty to register the new shares
We can find, In the maintenance internal finance:
1. The depreciations
2. The long term banking loans
3. The firm's debts with the suppliers of productive factors
The leasing is an operation of:
1. Financing renting
2. Bill of exchange discount
3. Credit control
The issuing of shares premium is the difference between:
1. The issuing price and the nominal price
2. The refund price and the nominal value
3. The conversion value and the nominal value
What is the technical amortization of a fixed asset?
1. The refund of the money that we have borrowed to buy the fixed asset
2. The estimation of the depreciation of the fixed asset
3. The purchase in monthly payments of the fixed asset
What is a loan?
1. A banking account
2. A liability that consists in the issuing of bonds
3. A loan from the businessman to the firm
The cash conversion cycle is:
1. The time that lasts in renove the firm's non current assets
2. The average useful life of the firm's tangible fixed assets
3. The average time that lasts the operating cycle
In several investments projects, we would invest in the investment that:
1. Its NPV was zero
2. Its NPV was higher
3. Its NPV was lower
The liabilities are:
1. The debts with third parties that the firm must face
2. The reserves and the non-distributed profits
3. The firm's accounts receivable
The share price is:
1. The issuing price of the shares
2. The price at which the shares are purchased and sold in the stock exchange market
3. The theoretical value of a share according to the firm's balance sheet
What is the NPV?
1. The interest rate that makes equal to zero the net present value
2. It's the time to recover the investment
3. It's the difference between the initial investment and the adition of the net present cash flows
The money that we owe to the suppliers is a financing resource:
1. Equity and at long term
2. Liabilities and at short term
3. Liabilities and at long term
The firms want the cash consversion cycle to be:
1. The highest possible
2. The lower possible
3. The firms don't mind that
The dividend is:
1. The part of the capital that each shareholder has
2. The part of the profit that belongs to each share
3. The price of the share in the stock exchange
When we acquire the production factors that we need to produce the goods that we are going to sell appears:
1. The cost
2. The expense
3. The income
The main characteristic of the multiple production is:
1. Two or more productive factors are used
2. Several different products are obtained
3. Several productive plants are used
The variable costs ...
1. Are proportional to the output
2. Are attributed to the variable factors
3. Are proportional to the sales
The fixed cost is:
1. That cost that maintains indepent of the production level
2. A cost that depends on the firm's purchases
3. A cost that depends on the time
In a productive process, the short term is characterized because exist:
1. Only fixed costs
2. Fixed and variable costs
3. Only variable costs
The break even point is:
1. The profitability per unity of product that we have sold
2. The difference between the income and the financial costs
3. The minimum sales amount to begin to obtain profits
In a productive process, when the operating profit is equal to zero, what production level we are in?
1. In the maximum output
2. In the maximum sales
3. In the break even point
The costs that depend on the firm's output are:
1. Fixed costs
2. Variable costs
3. Indirect costs
How can we name the firm's productive costs that vary according to the output?
1. Variable
2. Real
3. Direct
A firm increases its productivity when:
1. It increases its products or services list
2. It sells its products and buy the necessary resources to produce them in more than a market
3. It increases its production according to the used resources
The retailers are:
1. Manufacturers of huge quantities of products
2. Middlemen that buy the products in huge quantities to sell them to other middlemen
3. Middlemen than sell directly to the final consumer
In the Marketing-mix we must decide about:
1. The product, the price and the investment in raw material that we need
2. The product, price, communication and distribution
3. Purchase of raw material, price, product and service
The distribution includes all the decisions and activities related with the process to take its products:
1. To the manufacturer
2. To the supplier
3. To the final consumer
What of the following contitions don't belong to the perfect competition market?
1. Entry/exit freedom in the market
2. There are few suppliers
3. Informative transparency
In the cycle of life of the product, the phase of introduction is characterized by:
1. The stability in the volume of sales
2. The decrease of the volume of sales
3. The slow increase of the volume of sales
The business function that creates time, place and possesion utilities is:
1. The production
2. The distribution
3. The communication
A share market is:
1. The ratio between a firm's amount of sales and the firm's total profit
2. The ratio between a firm's amount of sales and the sector's amount of sales
3. It's a ratio is a sum

MULTIPLE CHOICE QUESTIONS (OUT OF ORDER) - 3rd PART - BUSINESS ECONOMICS - By Antonio Ginés