Title: Examen Dinero, divisas y finanzas (money, currency and finance)

The U.S. dollar, the pound sterling and the Mexican peso are types of currencies.

Q: The U.S. dollar, the pound sterling and the Mexican peso are types of currencies.
A: true

Finance is defined only as a science

Q: Finance is defined only as a science
A: false

Many authors consider finance to be both a science and an art

Q: Many authors consider finance to be both a science and an art
A: true

The main purpose of business activity is to provide consumers with goods and services to satisfy their needs and wants

Q: The main purpose of business activity is to provide consumers with goods and services to satisfy their needs and wants
A: true

These are examples of needs:

Q: These are examples of needs:
- Video games, vacation, insurance
- Water, food, shelter (correct)
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People’s wants are…

Q: People’s wants are…
- unlimited (correct)
- limited
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The factors involved in the making of goods and services to satisfy the needs and wants of consumers are called

Q: The factors involved in the making of goods and services to satisfy the needs and wants of consumers are called
- Capital Factors
- Factors of production (correct)
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These are the factors of production:

Q: These are the factors of production:
- Land, labor, capital and enterprise (correct)
- Capital, insurance, sells
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The next best alternative that you give up after making a decision is called:

Q: The next best alternative that you give up after making a decision is called:
- Opportunity cost (correct)
- Unconscious cost
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Examples of strategies used by companies to add value to a good or service:

Q: Examples of strategies used by companies to add value to a good or service:
- Branding, excellent service quality, convenience (correct)
- Marketing, off sales, personalization
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