Unit 3B Test Answers
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What type of expense is an example of the cost to drive to and from work?
A
a variable expense.B
a fixed expense.C
a short-term expense.D
a discretionary expense.22
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Which best describes the difference between preferred and common stocks?
A
Preferred stock allows shareholders to vote for a board of directors, while shareholders of common stock do not have voting rights.B
Common stock gives shareholders one vote per share owned, while shareholders of preferred stock do not have voting rights.C
Preferred stock gives shareholders priority for dividends distributed, while shareholders of common stock are not allowed dividends.D
Common stock allows shareholders to get priority for dividends distributed, while shareholders of preferred stock are not allowed dividends.23
What is the definition of collective bargaining?
A
ongoing salary negotiations between an employee and a factory ownerB
an agreement among a group of factory owners to raise worker wagesC
a written set of guidelines about legal and illegal workplace conditionsD
labor union and employer negotiations about wages and other issues24
[BLANK]
A
New YorkB
PennsylvaniaC
MassachusettsD
New Jersey25
Read the graph.
A
Fewer new businesses were started in 2010 than in other years.B
The opening of new businesses peaked between 2007 and 2008.C
More new businesses were started in 2006 than in 2005.D
The number of new businesses remained constant between 2006 and 2009.Did you find these answers helpful?
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