SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
Business Fundamentals
Start Test
Study First
Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. The movement of an economy from one condition to another and back again
Long-range or strategic planning
Closely Held (or Private) Corporation
Business Cycle
social commerce
2. Pricing selling one product at a loss as a way to entice customers to consider other products
assets equation
Unlimited Liability
loss-leader
direct marketing approach
3. Employee who detects and tries to put an end to a company's unethical - illegal - or socially irresponsible actions by publicizing them
distribution channels
Middle Manager
Convenience Good/Convenience Service
Whistle Blower
4. Making a product available at a convenient time
First-Line Manager
dynamic pricing
Information Technology (IT)
time utility
5. Occurs when two companies form one corporation
Perfect competition
merger
return on sales
Inflation
6. Amount earned from sales of goods or services and inflow from miscellaneous sources such as interest - rent - and royalties
revenues
marketing strategy
marketing concept
function of labels
7. Manager responsible for a firm's overall performance and effectiveness
Flat Organizational Structure
Top Manager
Out-sourcing
Workplace Diversity
8. Media: news release; audience: broad - intensity: passive - active; purpose: inform
forecasting
Unemployment
public relations approach
ratio analysis
9. Codified rules of behavior enforced by society
database marketing
Workplace Diversity
Merger
Laws
10. The willingness and ability of buyers to purchase a good or service
institutional advertising
Stockholder (or Shareholder)
Demand
Divestiture
11. Product - price - distribution - customer communication
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
12. Organization in which most decision-making authority is held by upper-level management
Perfect competition
price
promotion
Centralized Organization
13. Transferring work to another country
Multinational (or Transnational) Corporation
Out-sourcing
Theory Z
Work Specialization
14. Sales promotion aimed at final consumers
Export
cause-related marketing
consumer promotion
marketing concept
15. Any 12 consecutive months used as an accounting period
retained earnings
Import
Labor Relations
fiscal year
16. Private funds - partners/shareholders - bank loans - asset leasing and hire purchase - venture capital/business angels - merger capital - retained profits
Out-sourcing
methods of finance for an expanding business
delegate the task
benchmarking
17. Positive reinforcement - negative reinforcement - punishment
Democratic Leadership Style
Standard of living
Competition
organization behavior modification
18. Ratios that measure a firm's reliance on debt financing of its operations
debt ratios
product mix
Goods Operations (Goods Production)
trade allowance
19. Because production occurs continuously throughout the year - the 3-M company can best be described as using ____.
a continuous-flow operating system
trade allowance
accounts receivable
growth strategies
20. S- strengths W- weaknesses O- opportunities T- threats - strengths and weaknesses are internal factors of the company; opportunities and threats are external factors towards the company
customer service
Statutory Law
SWOT analysis
vertical analysis
21. All the operating expenses associated with marketing goods or services
selling expenses
Market economy
Manufacturer
sales promotion approach
22. A series of related products offered by a firm
Privatization
Inflation
product line
Exchange Rate
23. Beliefs about what is right or wrong and good or bad in actions that affect others
Corporate Strategy
Ethics
Merger
Mixed Management
24. Developing and implementing a firm's financial plan - monitoring cash flow - decided how to create or use excess funds - budgeting for current and future expenditures - recommending specific investments - raising capital to finance the enterpris
push strategy
SWOT analysis
responsibilities of a financial manager
marketing concept
25. A prolonged and deep recession
marketing concept
Depression
Services
Manufacturer
26. Measure of a firm's short-term liquidity - calculated by adding cash - marketable securities - and receivables - then divided that sum by current liabilities; also known as the acid-test ratio
accounts receivable
Services
break-even analysis
quick ratio
27. 1. 5 C's (customer - company - competitors - collaborators - context) 2. market segmentation - selection of target market - product/service positioning 3. product attributes - pricing parts - promotion - placement 4. recruit customer - reta
Quid Pro Quo Harassment
market
price elasticity
schematic of marketing process
28. Stems from personal trust and respect members have for the leader
Gross Domestic Product (GDP)
Identity Influence
elements of a company's marketing mix
Wheeler-Lea Act of 1938
29. Management theory incorporating Japanese emphasis on collective decision making and concern for employees with American emphasis on individual responsibility is ____.
Retailer
Quality
Service Business
Theory Z
30. The purchase of one company by another
responsibilities of a financial manager
Ethical Behavior
common pricing strategies
Acquisition
31. Cost of goods sold = beginning inventory + net purchases - ending inventory
cost of goods sold equation
consumer promotion
accounts receivable
marketing research
32. Management process of determining how to best arrange an organization's resources and activities into a coherent structure
Organizing
Unlimited Liability
Decision-Making Skills
social commerce
33. Manufacturing and selling costs - competition - the needs of wholesalers and retailers who distribute the product to the final customer - the firm's marketing objectives - government regulations - quality perceptions - and customer demand
place utility
marketing mix
break-even analysis
factors that influence pricing decisions
34. Provides protection for the product - makes products easier to display - and attracts attention
function of packaging
Prosperity
direct mail
debt-to-equity ratio
35. Division of a diverse market into smaller - relatively homogeneous groups with similar needs - wants - and purchase behaviors
Audit
wants
market segmentation
Board of Directors
36. Refers to policies that take factors including 'race - color - religion - gender - sexual orientation or national origin' into consideration in order to benefit an underrepresented group - usually as a means to counter the effects of a history o
cost based pricing
Affirmative Action
horizontal analysis
Gross National Product (GNP)
37. Stocks - bonds - and other investments that can be turned into cash quickly
price based pricing
Safety
marketable securities
Convenience Good/Convenience Service
38. Senior company managers who serve on the company's board of directors are known as ____.
social media approach
point-of-purchase display
Merger
inside board members
39. Accounting method in which revenue is recorded when a sale is made and expense is recorded when it is incurred
organizational market
accrual basis
grand strategies
Prime Rate
40. A period during which aggregate output - as measured by GDP - declines
dynamic pricing
cost based pricing
Recession
Authority
41. Product made or grown abroad but sold domestically
product advertising
Quality Control
Quid Pro Quo Harassment
Import
42. Use a brand name on a variety of related products
Flat Organizational Structure
Substitute Product
Limited Liability
family branding
43. Obligations that fall due more than a year from the date of the balance sheet - Loans - leases - and bonds
strategic marketing planning
authority
long-term liabilities
fringe benefit
44. Legal principal holding investors liable for a firm's debts only to the limits of their personal investments in it
transaction
opportunity cost
Limited Liability
maturity stage
45. Paid - nonpersonal communication to a target market from an identified sponsor using mass communications channels
Flat Organizational Structure
decline stage
advertising
balance sheet
46. Multiple year; compares two ratios in company's financial statements; sales - sales returns/allowance - net sales - gross marginal
Workplace Diversity
World Trade Organization (WTO)
horizontal analysis
decline stage
47. Degree to which customers continue to buy from a particular retailer or buy the products of a particular manufacturer or service provider
price elasticity
coupons
Work Specialization
customer loyalty
48. Behavior conforming to generally accepted social norms concerning beneficial and harmful actions
market
Publicly Held (or Public) Corporation
Extractor
Ethical Behavior
49. Vying among businesses for the same resources or customers
Competition
unity of command
Supply
institutional advertising
50. Helps companies set goals - develop new products - segment markets - plan future marketing programs - evaluate the effectiveness of a marketing program - keep an eye on competition - and measure customer satisfaction
marketing research
growth through direction state
Identity Influence
direct mail
Sorry!:) No result found.
Can you answer 50 questions in 15 minutes?
Let me suggest you:
Browse all subjects
Browse all tests
Most popular tests
Major Subjects
Tests & Exams
AP
CLEP
DSST
GRE
SAT
GMAT
Certifications
CISSP go to https://www.isc2.org/
PMP
ITIL
RHCE
MCTS
More...
IT Skills
Android Programming
Data Modeling
Objective C Programming
Basic Python Programming
Adobe Illustrator
More...
Business Skills
Advertising Techniques
Business Accounting Basics
Business Strategy
Human Resource Management
Marketing Basics
More...
Soft Skills
Body Language
People Skills
Public Speaking
Persuasion
Job Hunting And Resumes
More...
Vocabulary
GRE Vocab
SAT Vocab
TOEFL Essential Vocab
Basic English Words For All
Global Words You Should Know
Business English
More...
Languages
AP German Vocab
AP Latin Vocab
SAT Subject Test: French
Italian Survival
Norwegian Survival
More...
Engineering
Audio Engineering
Computer Science Engineering
Aerospace Engineering
Chemical Engineering
Structural Engineering
More...
Health Sciences
Basic Nursing Skills
Health Science Language Fundamentals
Veterinary Technology Medical Language
Cardiology
Clinical Surgery
More...
English
Grammar Fundamentals
Literary And Rhetorical Vocab
Elements Of Style Vocab
Introduction To English Major
Complete Advanced Sentences
Literature
Homonyms
More...
Math
Algebra Formulas
Basic Arithmetic: Measurements
Metric Conversions
Geometric Properties
Important Math Facts
Number Sense Vocab
Business Math
More...
Other Major Subjects
Science
Economics
History
Law
Performing-arts
Cooking
Logic & Reasoning
Trivia
Browse all subjects
Browse all tests
Most popular tests