MBA Trivia Flashcards
7 cards from real Amazon practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 MBA Trivia flashcards as text
What does NPV stand for in capital budgeting?
Answer: Net Present Value
NPV is Net Present Value, the discounted value of future cash flows minus the initial investment.
Economies of scale refer to cost advantages gained from what?
Answer: Increased production volume
Economies of scale lower the per-unit cost as production volume rises.
Which leadership style involves making decisions without input from team members?
Answer: Autocratic
Autocratic leaders make decisions unilaterally without consulting the team.
What is the break-even point?
Answer: Where total revenue equals total cost
The break-even point is where total revenue equals total costs, yielding zero profit.
In accounting, the equation 'Assets = Liabilities + Equity' is known as the what?
Answer: Accounting equation
The accounting equation states that assets equal liabilities plus owners' equity.
What does B2B stand for in business strategy?
Answer: Business to Business
B2B refers to commerce between businesses rather than to consumers.
Which concept describes a market dominated by a single seller?
Answer: Monopoly
A monopoly exists when one seller controls the entire market for a product.