c) Market segmentation
d) Mass marketing
5.
What is the term for a currency that is issued and regulated by a government and is
considered the standard for international transactions?
a) Cryptocurrency
b) Fiat currency
c) Commodity currency
d) Digital currency
6.
In finance, what is the acronym "FICO" typically associated with?
a) Financial Interest Calculation Order
b) Federal Investment Compliance Office
c) Fair Isaac Corporation
d) Fixed Income Credit Obligation
7.
In accounting, what is the term for a financial statement that reports changes in a
company's retained earnings over a specific period, including net income and dividends?
a) Statement of cash flows
b) Balance sheet
c) Income statement
d) Statement of retained earnings
8. What are some major innovations that enabled the development of modern genetics and
the biotechnology industry?
a) DNA sequencing, PCR, CRISPR, monoclonal antibodies - enabled precise engineering of
biology.
b) Mainly advanced computing to analyze large datasets, core techniques little changed.
c) Cryo-electron microscopy vital to map macromolecule structures.
d) Einstein's mass-energy equivalence principle enabled nuclear mutations.