Question 18 Unsaved
The creation of products with new or different characteristics that offer new or additional benefits to the customer is called ______.
Question 18 options:
Product development
Idea creation
Concept development
Product research
Question 20 Unsaved
A catchphrase or small group of words that are combined in a special way to identify a product or company is called __________.
Question 20 options:
Slogan
Motto
Logo
Mission
Question 21 (0.5 points) Question 21 Unsaved
Which of the following is an example of earned income?
(Select the best answer.)
Question 21 options:
Money you receive from a company you invested in
A paycheck you receive for work you have done
A gift of money from a friend or family member
Interest on money you lent to a friend
Question 22 (0.5 points) Question 22 Unsaved
If your bank is a member of the FDIC, what does that mean for you?
(Select the best answer.)
Question 22 options:
The bank is not allowed to lend out your money.
Your money is protected by insurance up to a specific amount.
You will get a better exchange rate than at other banks.
Your bank is allowed to print out currency for you.
Question 23 (0.5 points) Question 23 Unsaved
If you plan to take money out of the bank frequently, what type of account should you get? (Select the best answer.)
Question 23 options:
A checking account
An investment account
A savings account
An interest account
Question 24 (0.5 points) Question 24 Unsaved
What is the best way to deal with volatility and get the best return on your investment?
(Select the best answer.)
Question 24 options:
Put your money in a savings account.
Avoid investments that create capital gains.
Invest only in very safe investments.
Use diversification.
Question 25 (0.5 points) Question 25 Unsaved
What does an exchange rate tell you?
(Select the best answer.)
Question 25 options:
How many products have been exchanged between two different countries
The number of people in one country in comparison to another country
How much one unit of currency is worth when converted to another currency
The speed that people are buying a specific type of product
