Flashcards: MIL and FABM Exam Review — 70 cards

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1Question

What distinguishes print media from digital media?

Answer

Print media uses paper, digital media uses digital platforms.

2Question

What is outdoor advertising?

Answer

Promotion of businesses or products through outdoor means.

3Question

What is a billboard an example of?

Answer

A traditional form of outdoor advertising.

4Question

What types of content can digital outdoor advertising use?

Answer

Text, images, audio, and video.

5Question

What does design create in a product?

Answer

An artistic and functional product.

6Question

What are design elements in design?

Answer

The basic building blocks of a design.

7Question

What do design principles refer to?

Answer

How design elements are arranged.

8Question

What does line do in design?

Answer

Guides the viewer’s eyes.

9Question

What does scale refer to in design?

Answer

The size of elements.

10Question

What effect does color have in design?

Answer

Creates mood and attracts attention.

11Question

What is contrast in design?

Answer

The difference between elements.

12Question

What is composition in design?

Answer

The overall arrangement of design elements.

13Question

What is the graphic part of a logo called?

Answer

A brand mark.

14Question

Which logo types are Monogram, wordmark, mascot, and emblem?

Answer

They are types of logos.

15Question

What is the difference between a typeface and a font?

Answer

A typeface is the design of characters; a font is a collection of characters in sizes and styles.

16Question

What distinguishes serif fonts from sans serif fonts?

Answer

Serif fonts have small strokes; sans serif fonts do not.

17Question

What type of typeface imitates handwriting?

Answer

Script or cursive typefaces.

18Question

What are decorative or display fonts used for?

Answer

To attract attention with highly decorated designs.

19Question

What does media language refer to?

Answer

How meaning is created and communicated through media.

20Question

Which codes include camera work, editing, audio, and lighting?

Answer

Technical codes.

21Question

What do symbolic codes include in media?

Answer

Objects, setting, clothing, and colors.

22Question

What do written codes include in media?

Answer

Titles, captions, slogans, and dialogue.

23Question

What distinguishes media conventions from genre?

Answer

Media conventions are accepted rules; genre is a media type or category.

24Question

What effect does an eye-level camera angle create?

Answer

A natural or realistic view.

25Question

How does a high camera angle affect the subject's appearance?

Answer

It makes the subject look weak or small.

26Question

What does a Dutch angle create in media?

Answer

Tension or confusion.

27Question

What does IP stand for in legal protections?

Answer

Intellectual Property.

28Question

What types of creations does Intellectual Property protect?

Answer

Creations, inventions, brands, designs, and related works.

29Question

What does copyright protect?

Answer

Literary and artistic works.

30Question

What do patents protect?

Answer

Inventions.

31Question

What is the purpose of trademarks?

Answer

To distinguish goods or services.

32Question

What does fair use permit?

Answer

Limited use of copyrighted material for teaching, research, criticism, and parody.

33Question

What does MOOC stand for?

Answer

Massive Open Online Course.

34Question

What does persistency mean in MOOCs?

Answer

Materials remain available over time.

35Question

What do financial ratios evaluate?

Answer

Financial performance and overall financial condition.

36Question

What do liquidity ratios measure?

Answer

The ability to meet short-term obligations.

37Question

What do solvency ratios measure?

Answer

Long-term financial stability.

38Question

What do profitability ratios measure?

Answer

Profit generation.

39Question

What do efficiency ratios measure?

Answer

How efficiently resources are used.

40Question

What does working capital represent in financial terms?

Answer

The amount of current assets remaining after current liabilities.

41Question

What is the formula for calculating working capital?

Answer

Working Capital = Current Assets - Current Liabilities.

42Question

What does the current ratio measure?

Answer

The ability to pay short-term obligations using current assets.

43Question

What does the quick ratio measure?

Answer

The ability to pay short-term obligations using liquid assets.

44Question

What does the debt-to-asset ratio indicate?

Answer

The portion of assets financed by debt.

45Question

What does the debt-to-equity ratio compare?

Answer

Company debt with owners’ equity.

46Question

What does the equity-to-total-asset ratio measure?

Answer

The portion of assets financed by equity.

47Question

What does the interest coverage ratio measure?

Answer

The ability to pay interest expenses using operating earnings.

48Question

What does the operating income ratio measure?

Answer

Profit generated from company operations.

49Question

What does the gross profit margin measure?

Answer

Profit remaining after cost of goods sold.

50Question

What does the net profit margin measure?

Answer

Profit remaining after all expenses.

51Question

What does ROA measure?

Answer

How effectively assets generate profit.

52Question

What does ROE measure?

Answer

How effectively owners’ equity generates profit.

53Question

What does receivables turnover measure?

Answer

How efficiently a company collects receivables.

54Question

What does inventory turnover measure?

Answer

How efficiently inventory is sold and replaced.

55Question

What does asset turnover measure?

Answer

How efficiently assets are used to generate sales.

56Question

Why is cash considered the most delicate asset of a business?

Answer

Because it is vulnerable to fraud, theft, and robbery.

57Question

What distinguishes a savings account from a checking account?

Answer

A savings account earns interest and encourages savings, unlike a checking account.

58Question

What is the purpose of a time deposit account?

Answer

It holds money invested for a set period.

59Question

What is a deposit slip used for?

Answer

To deposit funds into a bank account.

60Question

What is the function of a withdrawal slip?

Answer

To withdraw money from a bank account.

61Question

What does a check instruct a bank to do?

Answer

To pay a specific amount as a written order.

62Question

What is the difference between a cash deposit and a check deposit?

Answer

A cash deposit deposits cash, while a check deposit deposits a check into a bank account.

63Question

What does bank reconciliation compare?

Answer

The company’s book balance with the bank statement.

64Question

What are deposits in transit in bank reconciliation?

Answer

Collections recorded in books but not yet in the bank statement.

65Question

What are outstanding checks in bank reconciliation?

Answer

Checks recorded in books but not yet in the bank statement.

66Question

Who makes bank errors?

Answer

The bank makes bank errors.

67Question

Who makes book errors?

Answer

The depositor makes book errors when recording transactions.

68Question

What does NSF mean in banking?

Answer

No Sufficient Fund for a returned check due to insufficient funds.

69Question

What is a credit memo in bank reconciliation?

Answer

An addition made by the bank not yet recorded in the books.

70Question

What is the final step in bank reconciliation?

Answer

It ends when adjusted bank and book balances are equal.

Test yourself with the quiz

Test your knowledge with 32 questions on MIL and FABM Exam Review.

1. What distinguishes print media from digital media?

2. Which example represents a traditional form of outdoor advertising?

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