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

The oligopsony is characterized by:
1. Many suppliers and few demanders
2. Few suppliers and few demanders
3. Few suppliers and only one demander
The group of activities that a firm develops to know what are the consumer's needs and to create the goods and the services that we need to satisfy them, is named:
1. Production
2. Distribution
3. Marketing
Share market is:
1. The ratio between the firm's amount of sales and its profits
2. The difference between the firm's amount of sales and the firm's amount of purchases
3. The ratio between the firm's amount of sales and the sector's amount of sales
A market with many suppliers and only one demander is:
1. A oligopoly
2. A monopsony
3. Perfect competition
The division of the customers in groups with homogeneous needs, is named:
1. Segmentation
2. Marketing
3. Positioning
The issuing of shares is a type of financing:
1. External and at medium and long term
2. External and at short term
3. Internal
The maintenance internal finance is formed by:
1. The depreciations and the reserves
2. The depreciations and the provisions
3. The reserves
To bring the net cash flows to the present moment and to obtain the present value in this moment, is named:
1. Interest rate or discount
2. Payback
3. Net Present Value
If the working capital is negative:
1. The equity is lower than the liabilities
2. The firm is in bankrupcy
3. The non-current assets are higher than the long term financing
The firm's cash conversion cycle is:
1. The average time that lasts the operating cycle
2. The time between the moment that we obtain the long term loan until we repaid it
3. The time that we last in paying the non-current assets
When a bond, whose nominal value is 60€, is issuing at 55€ it is said that the issuing was:
1. At par
2. Under par
3. Over par
The issuing of accounts receivable over customers to a financial middleman is named:
1. Factoring
2. Bill of exchange discount
3. Banking loan
What is the sale of shares at par?
1. That the sales price is higher than the nominal price
2. That the sales price is lower than the nominal price
3. That the sales price is equal to the nominal price
Liabilities are:
1. The loans
2. The accounts receivable over customers
3. The legal reserve
The Public Limited Companies' shareholders:
1. Are responsible personal and unlimitedly with all their personal assets for the company's debts
2. Don't have any pre-emption rights in the issuing of new shares
3. None of the others is true
When the contract of leasing finishes:
1. The lessee must buy the good
2. The leasing company is free to sell the good to anyone
3. The lessee has the option of buying the good
Factoring is:
1. To lend a production factor to the develop of the productive process
2. To stop the amounts receivable over customers to a specialized firm
3. None of the others is correct
What is the working capital?
1. The sum of the depreciation of the fixed assets
2. The sum of the non distributed earnings
3. The excess of the current assets over the short term debts
The working capital is:
1. Current assets - Current liabilities
2. Current assets + Current liabilities
3. Non-curren assets - Current liabilities
The internal rate of return criteria accepts the investment if:
1. The interest rate is higher than the internal rate of return
2. The interest rate is lower than the internal rate of return
3. Always the outcome is positive
What is the equity?
1. It's those that is given by the businessman
2. It's those than is given by the customers
3. It's those than is given by the banks
What is the break even point?
1. The production level that allow us to get the maximun technical
2. The production level that we obtain in a full working day
3. The production level in which the total incomes are equal to the total costs
The productivity is the ratio between:
1. The volume of production and the amount of factors uses to obtain it
2. The profit and the invested capital
3. The cash and the total liabilities
The fixed cost is:
1. That cost that necessarily has a firm, as the purchase of raw material
2. That cost that maintains independent of the production level
3. That which is proportional to the output
The average variable cost are:
1. The unit variable costs for the number of produced unities
2. The variable costs plus the fixed costs
3. The total variable costs divided by the number of produced unities
What is the stock breaking?
1. The stock level to do a new order
2. To run out the stocks in the warehouse
3. None of the others is correct
When we obtain several products in only one production process we are talking about:
1. Simple production
2. Lineal production
3. Multiple production
A firm's break even point is:
1. The point at which the income of the last sold unity is maximum
2. The volumen of sales that we need to cover the firm's total costs
3. The point at which is the maximum of the average total cost
The marketing-mix policies are:
1. Product, distribution, communication and price policies
2. Product, distribution, price and sale policies
3. Product, planning, communication and price policies
The segmentation is:
1. A process to divide the market in homogeneous sub-groups
2. A channel of direct distribution
3. An exchange model
The phase of growth fo the cycle of life of the product is:
1. When we obtain the highest business and profits volume
2. When the sales volume is high but the profits decrease
3. When the sales increase
A product distribution is an activity of the function of:
1. Production
2. Commercialization
3. Management
What of the following belongs to the perfect competition?
1. Entry/exit freedom
2. The price tends to be high
3. The goods aren't homogeneous
The marketing-mix variables are:
1. Invoicing, price, brand and distribution
2. Advertising, price, brand and commercial communication
3. Product, price, distribution and commercial communication
The phases of the cycle of life of the product are:
1. Introduction, growth and decline
2. Introduction, growth, maturity and decline
3. Introduction and decline
According to the number of suppliers and demanders, the markets can classify in:
1. Free and controlled markets
2. Monopolies, oligopolies and perfect competition
3. Consumer markets and industrial markets
To determine a firm's share market we need know:
1. The firm and de sector's profitability
2. The firm and sector's sales
3. The firm's profitability
An oligopoly has:
1. Many buyers and few sellers
2. The firm and sector's sales
3. The firm's profitability
A monopoly has:
1. Few suppliers and many demanders
2. Few suppliers and only one demander
3. Many demanders and only one supplier
External financing at long term are:
1. The company's profits and the amortizations
2. The share capital and the issuing of shares premiums
3. The reserves
The payback:
1. Is a liquidity criteria
2. Is a profitability criteria
3. Is a productivity criteria
The difference between the collections and the payments is named:
1. Initial investment
2. Cash-flow
3. NPV
The pre-emption right in the increase of capital:
1. Isn't transmissible, only the existing shareholder can use it and can't be sold
2. People can buy or sell it
3. Is forbidden by law
A financial leasing is:
1. A credit account that works as a current account
2. A financing renting with option to buy the asset
3. The handing over of the customers' debts to the bank to give us the money in advance and to manage them
The new economy:
1. Is a new way to do economics as a science
2. Is a new economics reality that has important changes
3. Is a way to understand the business economics
When the working capital is negative:
1. The curren assets are higher than the current liabilites
2. The firms is in bankruptcy
3. The non current assets are higher than the long term capitals
The share capital is a financing resource:
1. Equity and internal
2. Liabilities and at long term
3. Equity and external
The money that we owe to the suppliers are:
1. Maintenance finance
2. Liabilities
3. Internal financing
The payback is:
1. The period of time in which the investment incomes are the same as the initial investment
2. The interest rate or discount that makes the present value equal to zero
3. The difference between an investment collection and the the payment of this investment at that moment
The current account credit:
1. Is the automatic financing that the firm gets when it make a debt for the purchases to its suppliers
2. The firm borrow some money to a financial entity to cover its needs and after a time it repay it with its interest
3. Is the financing that the firm gets from a financial entity to predict possible needs but unknowing the exact amount that the firm is going to need
A negative working capital means:
1. That a part of the non-current assets would be financed with current liabilities
2. That a part of the current assets would be financed with non-current liabilites
3. That a part of the non-current assets would be financed with non-current liabilities
How is called a way of business financing that consist in selling all the accounts receivable over customers to other firm?
1. Vending
2. Factoring
3. Renting
The bill of exchange discount represents a financial instrument through which:
1. A bank advances the amount of a bill of exchange signed for a firm's customer with a future due date, discounting a commission
2. A bank advances the amount of a invoice and in exchange discounting a commission for the assumed risk
3. A bank advances the amount of a invoice in exchange of a share of the firm's profits
What are the liabilities?
1. They are the financing provided by the businessman
2. They are the financing provided by the customers
3. They are the financing provided by banks and other creditors
What is the factoring?
1. It's to transfer accounts receivable over customers to other firm
2. It's one of the factors of production
3. It's the group of invoices that a firm has to receive payment
The fixed costs
1. Depend on the output
2. Don't depend on the output
3. Depend on the volume of sales
The break even point is the minimum amount that a firm must produce and sell:
1. To it begin to obtain profits
2. To it begin its activity
3. To it invoice at the maximum level
The break even point is:
1. The cut-off point of the curve of variable costs and the total revenue
2. The amount of sales from which the profits begin
3. The amount of sales from which the cost are zero
The break even point is:
1. The ratio between the net profit and the equity
2. The output which from the firm begin to obtain profits
3. The yield of the assets
The firms that have a multiple production process are those that show:
1. The transformation than doesn't need continuity
2. The obtaining of several different products
3. The integration of the different firm's elements in multiple industrial plants
The variable costs are:
1. Those that are independent from the output
2. Those that depend on the variations in the price of the factors
3. Those that are proportional to the output
What of the following concepts isn't a firm's output?:
1. Products
2. Dividends
3. Work
How can we classify the costs according to their allocation to the product:
1. Fixed and variable costs
2. Transport and wharehousing costs
3. Direct and indirect costs
A perfect competition market is:
1. That one with a supplier and a demander
2. That one with many suppliers and many demanders and with a homogeneous product
3. That one with many suppliers and only one demander
The ratio between the firm's sales and the sector's sales is named:
1. Profitability
2. Productivity
3. Share market
The promotion that is made in the point of sale is called:
1. Marketing-mix
2. Direct marketing
3. Merchandising
The product, price, distribution and promotion:
1. Are the commercialization system
2. Are variables of which combination is known as marketing-mix
3. Are the production system
In a monopoly are:
1. Many suppliers and few demanders
2. A supplier and many demanders
3. Many suppliers and many demanders with homogeneous products
The function of distribution consists in:
1. The group of operations made to bring the products closer the buyers
2. The establishment of prices
3. The group of activities made to inform and persuade the consumers
A market isn't a perfect competition market:
1. If there are few sellers and many buyers
2. If the information is perfect
3. If the products are homogeneous
In the phase of maturity of the cycle of life of the product:
1. The sales stabilize
2. There is a height in the promotional campaign
3. More competitive products appear
The Marketing-mix is formed by:
1. The product, the price, the public relations and the advertising
2. The product, price, communication and distribution
3. Promotion, price, product and service
The aim of the market research is:
1. To market the goods that the firms manufacture
2. To provide information about the market and its environment
3. To improve the quality of the sold product
A market segmentation is:
1. A ratio between a firm's sales and the sector's sales
2. The quantity of unities that a group of firms market of the same product, but in a certain area
3. The group of consumers that demand a product with similar characteristics
The marketing-mix elements are:
1. Product, price, production and distribution
2. Product, price, distribution and sale
3. Product, price, promotion and distribution
In an oligopoly:
1. There are few suppliers and many demanders
2. There are many demanders and only one supplier
3. There are few suppliers and only one demander
A market research consists in:
1. To collect data of the specific environment
2. To analize the consumers
3. To collect, make and analize information about the environment, the competition and the consumers
The reserves:
1. Are paid by the shareholders as the share capital
2. Are part of the liabilities
3. Are the firm's internal financing
If when we want to select an investment, the firm's more important criteria is the liquidity, we'll choose the investment:
1. With the lowest payback
2. With the highest NPV
3. With the highest payback
The cash conversion cycle refers at:
1. The length of the cycle of life of a product
2. The average length of the operating cycle
3. The time that a new product lasts in get consolidation in the market
In the shares we can talk about:
1. Nominal value and theoretical value
2. Market value and productive value
3. Nominal value and net value
What is a financial asset?
1. A worker of the bank or of the insurance sectors
2. A fixed asset, as the buildings and the lands
3. A document issued by entities that need financing and that represents a debt or a property right
A share differs from a bond in:
1. That the bond gives right to vote in the shareholders' meeting and the share doesn't
2. That the share is an equal part of the share capital and the bond is an equal part of a debt
3. None difference exists between shares and bonds
The main characteristics of an investment are:
1. Liquidity, profitability and sociability
2. Liquidity, profitability and risk
3. Liquidity, profitability and balance
In the called "new economy":
1. It appears a new age that is based in the high importance that the products quality acquires
2. The economic reality is characterized by big changes due to the utilisation of the new technologies
3. The information is lossing importance
3.09_08.- The information and communication technologies (ICT):
1. As they require a high investment, they are viable only for the big firms
2. They have importance only in the big multinationals
3. They represent a strong competitive advantage for all the firms
The payback is:
1. The time period that we need to recover the initial investment of a project
2. The time period to recover the first monetary unity invested in the project
3. The average time period to be paid from the customers
When the Current Assets are lower than the Current Liabilities:
1. The working capital is negative
2. The working capital is negligible
3. The working capital is positive
What is the IRR?
1. The relative profitability of an investment project
2. The interest rate that makes the NPV to be higher than zero
3. The necessary time to recover an investment
What is the NPV?
1. The present payback
2. The IRR multiply for the initial investment
3. The two other answers are wrong
What is the leasing?
1. A financial renting
2. An employment contract
3. An agreement with a banking entity to get a loan
What is the meaning of the technical depreciation of a fixed asset?
1. The return of the money that people have lend to us to buy the fixed asset
2. The estimation of the depreciation of the fixed asset
3. The refund of the loan with its interests
What of these financial sources belongs to the long term liabilities?
1. Factoring
2. Issuing of bonds
3. The money to pay to the suppliers
In a Public Limited Company, what is the same as the share capital?
1. The number of shares multiplied by the nominal value of each share
2. The number of bonds multiplied by the nominal value of each bond
3. The number of shares multiplied by the market value of each share
The entity that manages the businessman's accounts receivable is called:
1. Leasing
2. Renting
3. Factoring
The firm's internal financing consists in the firm's financing:
1. Only with its shareholder's funds
2. With someone else's funds
3. With fund created by the own firm
We can define the cash conversion cycle as:
1. The average time to recover the money invested in the operating cycle
2. The average time to recover the money invested in the non-current assets
3. The average time to produce the goods
The decisions in the shareholder's meeting of a Public Limited Company, are made in the following way:
1. Each shareholder has a vote
2. Each shareholder has several votes according to the number of shares
3. Each shareholder has a vote for each bond
A firm with a positive working capital indicates:
1. That it can't pay its debts
2. That it's in a risky situation
3. That it mustn't have any financial problem at short term
The issuing of bonds consists in:
1. The sale of the equals parts of the capital of a corporation
2. The sale of the equal parts of a corporation's debt
3. The sale in the stock market of a corporation's shares
We understand as investment in human capital:
1. The investment in physical capital to save work force
2. The investment in physical capital that increases the employment of work force
3. The investment in training for the workers
The costs that depend on the firm's output are called:
1. Fixed costs
2. Variable costs
3. Indirect costs
The concept of business cost of the raw material is associated:
1. To the purchase of raw material
2. To the payment of the raw material
3. To the incorporation of the raw material to the production process
What is the break even point?
1. The production level that allow us to get the minimum cost
2. The production level that is obtained in a working day
3. The production level at which the revenues are equal to the total costs
Fixed costs are:
1. Those costs proportional to the output
2. Those that are equal to the variable costs at the break even point
3. Those than dont' depend on the variation of the output in a certain time period
It's frequent in the retailers to use the 3x2. This action can qualify as:
1. Promotion of sales
2. Advertisement
3. Public Relations
The stages of the cycle of life of a product are:
1. Introduction, maturity and decline
2. Introduction, growth, maturity and decline
3. Introduction, growth and maturity
The market segmentation consists in:
1. To join groups of customer with similar characteristics
2. To divide the market in several equal parts
3. To divide the market of potential customers, in groups with homogeneous characteristics
What of the following isn't a variable of marketing-mix?
1. Price
2. Distribution
3. Planning
A firm's share market is:
1. The part of the global demand of a market that a firm supply
2. The physical space that is assigned to a firm in a mall
3. A firm's total volume of purchases
The marketing-mix is made up for:
1. Product, price, promotion and distribution
2. Product, price, promotion and quality
3. Product, price, promotion and advertisement
The advertisement in the point of sale belongs to the:
1. Telemarketing
2. Direct marketing
3. Merchandising
In the cycle of life of a product, the initial phase is characterized by:
1. Huge investments in advertising and promotion of the products
2. Being the phase that provides the highest profits
3. The stabilization of the firms' sales
In the stage of maturity of a product:
1. The sales have a strong growth
2. The advertising looks for new consumers
3. The firm considers its retirement
In the stage of decline, in the cycle of life of a product:
1. The product isn't known yet
2. The sales decrease
3. The firm gets the highest profitability
The marketing-mix variables are:
1. Price, product, supply of materials and distribution
2. Distribution, price, communication and product
3. Sales forze, advertising, price and product
The stage of the cycle of life of a product in which the sales stabilize is called:
1. Growth
2. Decline
3. Maturity
A channel of distribution:
1. Consists on a group of middlemen
2. Consists on the civil services that regulate the trade
3. Consist on the different transport agencies that a manufacturer uses
Indicate which of the following statesment is true:
1. When there are few buyers and many sellers there is a monopoly
2. When there are many buyers and few sellers ther is an oligopsony
3. When there are few sellers and many buyers there is a oligopoly
The cash-flow is:
1. The difference between incomes and expenses
2. The difference between incomes and payments
3. The difference between the collections and the payments
How would affect to the amount of the working capital the payment of a debt to a supplier?
1. It doesn't affect, the working capital maintains equal
2. It increases
3. It decreases
The difference between the current assets and the current liabilities is:
1. The working capital
2. The current ratio
3. The acid-test ratio
Which of the following marketing variables has the aim of increasing the product long term sales:
1. Sales promotion
2. Advertising
3. Merchandising
Which of the following is a static method of investment selection?
1. The Internal Rate of Return
2. The Net Present Value
3. The payback
A corporation has 2,000 shares at 50€ nominal each one, prized at 110% Which is the market value of each one?
1. 40€
2. 50€
3. 55€
When the Current Assets are higher than the Current Liabilities, it's said that:
1. The working capital is negative
2. The working capital is negligible
3. The working capital is positive
The payback is the time period:
1. Average to pay to the suppliers
2. Average to collect from the customers
3. That we need to recover the initial investment of a project
What is the NPV of an investment?
1. The relative profitability of a project of investment
2. The interest rate multiplied by the cash flows
3. The two other answers are wrong
The factoring consists in:
1. To lend a production factor to the development of the productive process
2. To sell the acounts receivable over customers to a specialized firm
3. None of the other answers is correct
The productivity of a factor in a time period is:
1. The ratio between the product's production cost and its price of sale
2. The ratio between a product's volume of production and the unities of factor used to produce it
3. The number of unities of a product manufactured by a firm during this period
The leasing can be defined as:
1. The transfer of a commercial debt
2. The being placed of money to buy a good with the promis of return it with its interests
3. A renting contract of assets with an option to buy it
The productivity is the ratio between:
1. The profit and the capital
2. The output and the quantity of factors used
3. The output and the focused aims
An oligopoly has:
1. Many suppliers and only one demander
2. Many suppliers and many demanders
3. Many demanders and few suppliers
The continuous training of the firm's staff:
1. Must be done allways inside the firm
2. Will allow the firm adapt to the changes and will win competivity
3. Only can be done in big firms
The shareholders' rights are:
1. To receive dividends
2. Right of first refusal to acquire the shares of the outgoing shareholders
3. All the others
What is the payback?
1. The relative profitability of a investment project
2. The interest rate that makes the NPV higher than zero
3. The time period that we need to recover an investment
Which of the following stages isn't a part of the cycle of life of a product?
1. Growth
2. Maturity
3. Deceased
Among the shareholders' rights of a Public Limited Company isn't:
1. Right to receive dividends
2. Right to be a company's worker
3. Right to information
The premium of issuing of shares is:
1. The difference between the net value and the conversion value
2. The difference between the refund price and the nominal valuel
3. The difference between the issuing price and the nominal value
Which of the following doesn't belong to a short distribution channel?
1. Wholesaler
2. Retailer
3. Manufacturer
The shareholders' investments to the capital are financial resources:
1. Internal and equity
2. Internal and liabilities
3. External and equity
The wholesaler are:
1. Middlemen that don't sell directly to the final consumer
2. Middlemen that buy the products in high quantities to sell them to the final consumer
3. Manufacturers of huge quantities of products
The customers' division in groups with homogeneous needs is called:
1. Market fragmentation
2. Market segmentation
3. Market research
The saving accounts of banks and saving banks are:
1. Passive operations
2. Active operations
3. Mediation operations and services
When there are many suppliers and few demanders:
1. There is a perfect competition market
2. There is a monopoly
3. There is an oligopsony
The sale to investors, as securities, of the proportional parts of a debt of a corporation, is called:
1. Issuing of bonds
2. Subscription of shares
3. Issuing of shares
Which of the following isn't a part of the Marketing Mix?
1. Product
2. Price
3. Process
In an alien distribution channel:
1. Its cost goes to the liabilitites
2. The middleman exists
3. The physical distribution isn't needed
The costs that are independet of the output are:
1. The fixed costs
2. The variable costs
3. The total costs
The amount of the profits that the firm has got and the firm hasn't shared among the shareholders are in:
1. Share capital
2. Reserves
3. Assets
The market research aim is
1. To commercialice the goods that the firms produce
2. To provide information about the market and its environment
3. To divide the market in homogeneous parts
The main firm's function for the society is:
1. To detect and to satisfy the consumer's needs
2. To make discounts to the consumer
3. To cover costs
Which sub-period isn't one of subperiods of the cash conversion cycle of a commercial firm:
1. Supply
2. Profit
3. Production
The transfer of invoices and other accounts receivalbe that a firm executes is called:
1. Factoring
2. Leasing
3. Confirming
The sales promotion consists in:
1. A group of techniques to collect information from the market through surveys
2. A group of techniques to get by means of a temporary and spacial campaign to stimule the demand and to increase the sales
3. A group of techniques to create certain relations and a good understanding inside and outside the firm
The maintenance internal financing is:
1. The net worth
2. The group of resources coming out the retention of profits
3. The funds that the firm assigns to depreciations each year
The break even point is the guide to the firm decides about the base of the minimum quantity that must produce:
1. To the firm begin to obtain profits
2. To begin the production
3. To obtain the maximum profit
A perfect competition market is characterized by:
1. A small number of firms have a high share market
2. There are few firms in the market
3. There are a lot of firms in the market
The workers training by the firm is:
1. production cost
2. technological capital investment
3. human capital investment
It's an equity:
1. share capital
2. loan
3. customers
Variable costs:
1. change according to the time
2. change according to the capital
3. change according to the output
It's an element of marketing mix
1. Assets
2. Price
3. Cost
The firms which sell directly their product to the customer use:
1. Short channel
2. Own channel
3. Internal channel
Introduction, growth, maturity, and decline are:
1. the market segmentation
2. the phases of the life of a product
3. the logistic of the firm
The cash conversion cycle has the following phases:
1. Planification, organization, management, and control
2. Introduction, growth, maturity, and decline
3. Provisioning, production, sale and collection
There is an oligopoly when:
1. There is an supplier and many demanders
2. There are many suppliers and one demander
3. The other answers are wrong
Which subperiod doesn'r belong to the cash conversion cycle of a commercial firm?
1. Storage
2. Payment
3. Production
They are a resource of financing:
1. Creditors
2. Debtors
3. Assets
When there are few firms, with a very hard competition and they sell similar products, we are in:
1. a monopolistic competition
2. an oligopoly
3. a monopoly
The aim of the promotion is:
1. to increase the sales
2. to get the product to be known in the market
3. The other two answers are correct
If a firm buys a vehicle with liquid assets:
1. the working capital decreases
2. the working capital increases
3. the working capital doesn't change
Leasing:
1. is a type of firm which manages the other firms' account receivable
2. is a group of small and medium size firms to have better financing
3. is a firm's option to finance fixed assets
The internal rate of return is:
1. the interest rate which makes maximum its Net Present Value
2. the interest rate which makes its Net Present Value equals to zero
3. the interest rate which makes its Net Present Value equals to the initial outlay
A firm can change its output at short term:
1. by changing the size of its plant
2. by changing the amount of variable factors
3. by selling part of its installations
A patent:
1. gives an exclusive right to exploit it to the person who has a new invent which has an industrial application
2. is a characteristic of a product
3. the other answers are wrong
The shares according to their ownership are:
1. Ordinary and privileged
2. bearing a person’s name and bearer shares
3. by means of a share certificate and by means of account notations
The reserves are a resource of financing:
1. internal
2. equity
3. the other two answers are correct
What is the nominal value of a share?
1. The number of the share
2. The name that appears in the share
3. The value of the share in a share certificate or in account notations
The sale to investors of proportional parts of a debt of a corporation is an:
1. issue of bonds
2. issue of shares
3. issue of stockholding
They are markets of imperfect competition:
1. Monopoly
2. Monopolistic competition
3. the other two answers are correct
The group of commercial activities which have the goal of incresing the sales of a product at short term are:
1. Advertising
2. Merchandising
3. Sales promotion
The issue of shares is a resource of financing:
1. External and equity
2. External and liabilities
3. Internal and equity
In the break- even point:
1. total costs are the same as the total revenue
2. the profit is maximum for the firm
3. the other answers are wrong
Net Present Value:
1. is a static capital budgeting method
2. takes into account the value of the money in the time
3. the other two answers are correct
Leasing is:
1. a type of firm which manages other firms' accounts receivable
2. a group of small and medium size enterprises which have the goal to obtain a better financing
3. is an option which the firms have to finance non current assets

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