Business Degree Cheat Sheet 2026
The 30 highest-yield Business Degree facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.
- What is a 'bond' in the context of business finance? → A debt instrument issued to raise capital
- The fundamental accounting equation states that Assets equal Liabilities plus ___. → Owner's Equity
- What does 'gross profit margin' indicate? → The percentage of revenue remaining after subtracting cost of goods sold
- What would you call a management style that is authoritarian or controlling? → A manager who likes to make all decisions by him/herself
- Which of the following is an example of a current asset? → Accounts Receivable
- What does the Americans with Disabilities Act (ADA) require of US employers with 15 or more employees? → Providing reasonable accommodations for qualified employees with disabilities
- What is a 'monopoly' in market structure? → A market dominated by a single seller with no close substitutes for its product
- What is 'diversification' in investment terms? → Spreading investments across different assets to reduce risk
- What is 'price elasticity of demand'? → The measure of how sensitive consumer demand is to a change in price
- What is 'inflation' in economic terms? → A sustained increase in the general price level of goods and services over time
- What is 'stagflation'? → A simultaneous occurrence of high inflation, high unemployment, and slow economic growth
- What is 'brand equity'? → The added value a brand name gives to a product beyond its functional attributes
- What is 'leverage' in financial terms? → Using borrowed capital to increase potential return on investment
- Which financial statement shows a company's financial position at a specific point in time? → Balance Sheet
- What is 'economic equilibrium'? → The point where quantity supplied equals quantity demanded, with no tendency to change
- Which of the following is NOT one of the three sections of the Statement of Cash Flows? → Manufacturing Activities
- What is the breakeven point for a business? → The point where revenue equals total costs
- True or False: A plan is a suggested strategy to utilize in order to accomplish the organization's goals and objectives. → True
- The accounting principle that requires companies to use the same accounting methods and procedures from one period to the next is the: → Consistency Principle
- What is 'tortious interference' in business law? → Intentionally disrupting another party's business contracts or relationships
- Which of the following describes a marketing function for a company? → Placing products in strategic locations in the stores
- What distinguishes consumers from customers? → Customers purchase goods and services
- What is 'consumer surplus'? → The difference between what consumers are willing to pay and what they actually pay
- What is 'aggregate demand' in macroeconomics? → The total demand for all goods and services in an economy at a given price level
- Under Generally Accepted Accounting Principles (GAAP), assets are primarily recorded at: → Historical cost
- What is 'antitrust law' designed to prevent? → Monopolistic practices and anti-competitive behavior that harm consumers
- Which financial statement shows a company's revenues and expenses over a period of time? → Income statement
- What is 'capital budgeting' primarily concerned with? → Evaluating long-term investment projects
- What does 'span of control' refer to in organizational structure? → The number of subordinates a manager directly supervises
- What is 'oligopoly' as a market structure? → A market dominated by a few large firms with significant interdependence
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