A _____ is a card issued by a bank or finance company that allows the cardholder to make a purchase now and pay the card issuer later.
A) credit card
B) check card
C) bank card
D) debit card
Question 2 - The economic model of social responsibility emphasizes the effect of business decisions on society.
Indicate whether the statement is true or false
Question 3 - Jessica decides to order smaller amounts of inventory at a time for her arts and crafts store. She is obviously concerned about _____ costs.
A) processing
B) stock-out
C) warehousing
D) stocking
E) holding
Question 4 - Phil Johnson is the owner of a small firm that manufactures customized oil-drilling equipment. The company's manufacturing facility is organized into a fabrication section, a heat treatment section, a welding section, and a quality control section. This type of plant layout is referred to as a(n) ____ layout.
A) product
B) pooled manufacturing
C) assembly-line
D) group manufacturing
E) process
Question 5 - One technique for establishing a sizable savings balance is to:
A) follow the pay yourself last approach.
B) have a predetermined amount from each paycheck automatically deposited into the savings account.
C) invest in one specific investment rather than investing in a diversified financial portfolio.
D) use traditional banks instead of online savings banks because they typically pay higher rates of interest.
Question 6 - The economic model of social responsibility emphasizes profits.
Indicate whether the statement is true or false
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