ACAMS Practice Questions
Accounting Cycle and Classifying Accounts
Accounting For Managers
Accounting for Merchandising Activities
Accounting for Pensions
Accounting Information Systems
Activity Based Costing
Adjusting Accounts for Financial Statements
Advanced Business Economics
Advertising and Public Relations
Advertising and Sales Promotion
An Overview of International Business
Analysis and Forecasting Techniques
Analyzing and Recording Transactions
Applied Business Research
Asset Demand and Supply under Uncertainty
Auditing and Attestation
Behavioral and Allied Sciences
Bonds and Long Term Notes Payable
Business Analytics & Technology Management Chapter 2
Business Analytics & Technology Management Chapter 3
Business Analytics & Technology Management Chapter 4
Business Analytics & Technology Management Chapter 5
Business Analytics & Technology Management Chapter 6
Business and Company Law
Business Ethics and Governance
Business Ethics Exam
Business Law Study guide
Business Organisations and Environment
Business organization and systems
Business Process Performance
California Real Estate
Capital Budgeting and Managerial Decisions
Changes in Accounting Principles
Changing Marketing Environment
Consolidated Financial Statements
Corporate and Business Law
Cost Accounting Final exam
Cost Accumulation Systems
Cost Allocation Techniques
Cost and Managerial Accounting
Cost of Capital
Cost Terms and Classifications
Cost Volume Profit Analysis
Currency Exchange Rates
Customer Relationships and Value
CVP Analysis and Marginal Analysis
Debt and Bankruptcy
Decision Makers Household Sector
Demand for Money
Derivative Instruments and Hedging Activities
Dividends and Payout Policy
Dividends, Shares, and Income
Elasticities of Demand and supply
Employee Training and Development
Environments of Business
Essence of Management
Ethical and Professional Standards
Ethics and Social Responsibility
Ethics for Management Accountants
External Financial Statements and Revenue Recognition
Federal Securities Acts
Financial and the Nonfinancial Sectors
Financial Decision Making
Financial Intermediaries and Financial Markets
Financial Markets and Securities Offerings
Financial Statements and Accounting Transactions
Flexible Budgets and Standard Costs
Florida Real Estate MCQs
Fraud Internal Control and Cash
Fundamental Accounting Principles
Global Marketing and World Trade
Governmental Accounting State and Local
Health and Life Comprehensive Exam
Health and Life Practice Questions
Human Resource Management
Human Resource Management HRM
Human Resource Planning
Importance of Business Economics
Insurance and Risk Management
Insurance License Texas Life and Health
Integrated Marketing Communications and Direct Marketing
Interactive Marketing and Electronic Commerce
Internal Auditing and Systems Controls
Internal Control and Cash
International Trade and Globalisation
Interpersonal and Organizational Communication
Introduction to Business
Introduction to Human Resource Management
Introduction to Human Resources Assessment
Investment Risk and Portfolio Management
Job Order Costing
Life and Health Insurance
Life Insurance Basics
Life Insurance Policies
Life Insurance Policy
Long Term Investment
Long Term Securities
Management and Cost Accounting
Managerial Accounting Concepts and Principles
Managing Organizational Change
Managing Production and Operations
Managing Products and Brands
Market Segmentation Targeting and Positioning
Marketing and Corporate Strategies
Marketing Channels and Wholesaling
Master Budgets and Planning
Mergers and Acquisitions
Money and Banking
National Health Insurance
Not For Profit Accounting
Organization and Operation of Corporations
Organizational Behavior Essentials
Organizational Markets and Buyer Behaviour
Organizational Structure and Design
Personal Selling and Sales Management
Principles and Practices of Management
Production and Operations Management
Profitability Analysis and Analytical Issues
Profitability Analysis and Decentralization
Property Plant and Equipment
Property Plant and Equipment Exam
Reporting and Analyzing Cash Flows
Reporting and Analyzing Long Lived Assets
Reporting and Analyzing Receivables
Responsibility Accounting and Performance Measures
Risk and Procedures for Control
Service Department Costing
Short Term Financing
Short Term Investment
Standard Costs and Variance Analysis
State Health Insurance
Statement of Cash Flow
Statement of Comprehensive Income
Statement of Financial Position
Stock Market and Stock Prices
Strategic Marketing Process
Structure of Interest Rates
Succession and Transfer Taxes
Supply Chain and Logistics Management
System Analysis and Design
Texas Real Estate
The Management Challenge
Total Quality Management
Understanding Exchange Rates
Understanding Interest Rates
Understanding Interest Rates Determinants
Value Added Tax
Importance of Business Economics
Importance of Business Economics MCQs
Who would be the most likely to say the next argument? "It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our...
Who would be the most likely to say the next argument? "The history of all hitherto existing society is the history of class struggles. Freeman and...
John Maynard Keynes
According to Karl Marx, the bourgeoisie, or the capitalist class is :
the class that owns the means of production
the majority of the population
the class that sells their labor power for a wage.
the class that practices more productive and more labor intensive activites.
According to Thorstein Veblen, leisure class, or the capitalist class is :
the class that practices more labor intensive and more productive work.
the class spends less money on goods than they are worth.
the class that avoids conspicuous consumption.
the class that emerged as a result of capital accumulation during the Industrial Revolution.
Which of the following will describe the Marxist view on the value of labor?
Capitalist class is exploited under capitalism, and dissociates price and value.
Marx is the only economist who explained the value of labor.
Economic value of a good or service is determined by the total amount of labor hours required to produce it.
The value of a commodity is constant regardless of the labor input
Which of the following will NOT explain Joseph Schumpeter?
Innovation is the critical dimension of economic change.
Schumpeter argued that the innovation and technological change of a nation come from the entrepreneurs, or wild spirits.
He believed that Capitalism is sustainable.
According to him, long economic cycles are caused by innovation.
Which of the following will NOT describe Bullionism?
An economic theory during the 16th century that defines wealth by the amount of precious metals owned.
Technology progress is a main factor to support this.
Early or primitive form of mercantilism.
It views gold and silver as the source of wealth
Which of the following will be LESS related to the industrial revolution?
Emergence of private ownership of the land, through the enclosure movement
Transition to new manufacturing processes from hand production methods to machines caused a big opposition by the artisan group, as in the Luddite movement.
The principle of laissez-faire
International trade is the key source to the wealth accumulation.
Which of the following will NOT describe Fordism?
Characterized by industrialized, standardized mass production and mass consumption.
Specialization and market segmentation
Related to the "assembly line"
Related to Frederick Taylor's "scientific management"
Which of the following pair will represent relevance?
Mercantilism - Jean-Babtiste Colbert
Physiocratie - FranÃ§ois Quesnay
Industrial Capitalism - Karl Marx
Which of the following will NOT be correct?
Globalization of capitalism was reinforced by the international agreement on free trade.
Bretton Woods system adopted a new financial system of fixed exchange rates based on the value of the US dollar.
Neoliberalism requires a strong regulation and support by the government for the market order and efficiency.
The main goal of WTO is to ensure that trade flows as smoothly, predictably and freely as possible.
Which of the following will be true about GDP and GNI?
GNI is the total market value of all finished goods and services produced within a country in a set time period.
GDP is the total income received by the country from its residents and businesses regardless of whether they are located in the country or abroad.
GNI can be calculated in three ways, using expenditures, production, or incomes.
GDP can be adjusted for inflation and population to provide deeper insights.
A fabric maker sells the fabric to a tailor for â‚¬10. The tailor uses the fabric to make clothes, which is sold for â‚¬ 30. What is the total...
An American buys a pair of shoes made in Italy. How do the U.S. national income accounts treat the transaction?
Net exports and GDP both rise.
Net exports and GDP both fall.
Net exports fall, while GDP is unchanged.
Net exports are unchanged, while GDP rises.
A French works in the UK. How do the France national income accounts treat this transaction?
GNI will rise.
GNI will fall.
GDP will rise.
GDP will fall.
Economic growth is defined as
decreases in potential GDP
increases in potential GDP
decrease in aggregate demand
increase in aggregate demand
Economic growth can be explained as following. EXCEPT for:
An indicator of healthy economies
Driving force in the dynamics and equilibrium of capitalism
Increase in potential GDP
Incessant growing status, without the disruptions.
In the short run, an increase in government expenditure on goods and services ________ real GDP and ________ the price level.
The idea that economic downturns result from an inadequate aggregate demand for goods and services is derived from the work of which economist?
John Maynard Keynes
An increase in the aggregate demand for goods and services has a larger impact on output _______ and a larger impact on the price level ________.
in the short run, in the long run
in the long run, in the short run
in the short run, also in the short run
in the long run, also in the long run
Which of the following will NOT be true regarding the economic cycle?
Economy-wide fluctuations in output, incomes, and employment.
The main cause of economic cycle is a failure of control over the market.
The period from recession (or depression) to boom is referred to as "Expansion".
Economic cycle due to the change in inventory is relatively short, taking 3-5 years.
When the economy goes into a recession, real GDP ________ and unemployment ________.
If the government wants to contract (begrÃ¦nse)aggregate demand, it can ________ government purchases or ________ taxes.
Which of the following will NOT be related to the Effective Demand?
New Deal program
John Maynard Keyens
Supply creates the demand
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