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. Large-scale production and distribution of a product
cost of goods sold equation
social commerce
commercialization
Business Ethics
2. A business firm that does things for you instead of making or makerting products
Service Business
news conference
form utility
skim pricing
3. Can't have higher level - or class without the lower level; physiological needs - safety needs - feeling of love and belonging - esteem needs - self-actualization
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
4. The delivery of marketing messages to people who are not aware that they are being marketing to; these messages can be delivered by either acquaintances or strangers - depending on the technique
break-even point equation
brand equity
marketing research
stealth marketing
5. Effective acquisition and use of money
Business Plan
financial management
Physical Distribution
liquidity ratios
6. Vying among businesses for the same resources or customers
Competition
Sexual Harassment
Closely Held (or Private) Corporation
Public Goods
7. The amount of money charged for a product or service
Custom Manufacturing
advertising approach
strategic marketing planning
price
8. Product that is dissimilar from those of competitors but than can fulfill the same need
Work Specialization
marketing concept
Common Law
Substitute Product
9. A series of related products offered by a firm
forecasting
Market economy
product line
fringe benefit
10. Promotional campaigns that send information only to those people who've specifically asked to receive it
Procedure
strategic marketing planning
coupons
permission marketing
11. Sales-promotion efforts aimed at inducing distributors or retails to push a producer's products
Industrial Goods
debt-to-total-assets ratio
trade promotions
Supply Chain (Value Chain)
12. Ratios that measure a firm's reliance on debt financing of its operations
capital budgeting
responsibilities of a financial manager
debt ratios
Market economy
13. Postsales reductions in price - must be applied for by the purchaser
cognitive dissonance
Management
rebates
Inflation
14. Brands owned by the manufacturers and distributed nationally
Work Specialization
penetration pricing
national brands
Expert Influence
15. Certificates that offer discounts on particular items and are redeemed at the time of purchase
maturity stage
Oligopoly
coupons
Privatization
16. A short - specific written statement of the reason a business exists and what it wants to achieve.
behavioral segmentation
Common Law
mission statement
Ethics
17. Behavior exhibited by consumers as they consider - select - and purchase goods and services
positive reinforcement
customer buying behavior
ratio analysis
budget
18. Strategy in which two or more organizations collaborate on a project for mutual gain
Strategic Alliance
license
accounts receivable turnover ratio
credit
19. Gross domestic product (GDP) adjusted to account for changes in currency values and price changes
types of utility
Real GDP
Socialism
Business Plan
20. Goal set for an extended time - typically 5 years or more in the future
pull strategy
time utility
media
Long-Term Goal
21. Top manager who is responsible for the overall performance of a corporation
Laws
Benefits
Chief Executive Officer (CEO)
Competition
22. A leadership style where managers are less directive and involved employees in decision making
Strategic Management
Long-range or strategic planning
Regulatory (Administrative) Law
S Corporation
23. Strategies a company can adopt in order to grow: concentration - backward and forward integration - and related and unrelated diversification
capital budgeting
growth strategies
point-of-purchase display
Corporate Strategy
24. Sales promotion aimed at final consumers
merger
consumer promotion
Ethics
Capitalism
25. Obligations that must be next within a year
balance sheet
laissez-faire Leadership style
current liabilities
General (Active) Partner
26. The four key elements of marketing strategy: product - price - distribution - and promotion
transaction
marketing mix
Organizational Stakeholders
Tall Organizational Structure
27. Total value of all goods and services produced by a national economy within a given period regardless of where the factors of production are located
capital investments
Gross National Product (GNP)
Common Law
Management Information System (MIS)
28. Method of calculating the minimum volume of sales needed at a given price to cover all costs
Physical Distribution
break-even analysis
delegate the task
personal sales approach
29. Advertising or other display materials set up at retail locations to promote products to potential customers as they are making their purchase decisions
Real GDP
Swot Analysis
marketing research
point-of-purchase display
30. External statistical descriptors such as age - income - gender - and profession
demographics
Whistle Blower
responsibilities of a financial manager
family branding
31. A ____ is an agreement between two parties to carry out a transaction - such as the sale of goods from a seller to buyer.
contract
Expert Influence
Deregulation
working capital
32. Help identify and distinguish the product - provide information about the product such as ingredients - shelf life - operating procedures - and UPC codes which are used for scanning sales information and monitoring inventory and pricing
geographic segmentation
Strategy
function of labels
promotion
33. Strategic alliance in which the collaboration involves joint ownership of the new venture
levels of brand loyalty
Competition
Board of Directors
Joint Venture
34. The principal that exchange rates are set so that the prices of similar products in different countries are about the same
Purchasing Power Party
North American Free Trade Agreement (NAFTA)
private brands
equity financing
35. Use a brand name on a variety of related products
family branding
Leading
distribution channels
brand mark
36. Difference between a person's actual state and his or her ideal state; provides the basic motivation to make a purchase
co-branding
quick ratio
liabilities
need
37. Wide range of events and activities (including coupons - rebates - contests - in-store demonstrations - free samples - trade shows - and point-of-purchase displays) designed to stimulate interest in a product
sales promotion
Audit
liabilities
loss-leader
38. Corporation whose stock is widely held and available for sale to the general public
Publicly Held (or Public) Corporation
assets
Extension
depreciation
39. Assets = liabilities + owner's equity
word of mouth
operating expenses
assets equation
ways to expand a product line
40. The creation and sharing of product-related information among customers and potential customers
Labor Productivity
Hostile Work Environment
social commerce
Chain of Command
41. Extends 3 to 5 years into the future. Begins with in-depth analysis of internal environment's strengths and weaknesses. Reviews external opportunities and threats so realistic goals can be set
Long-range or strategic planning
organization behavior modification
Identity Influence
accounts receivable
42. Process of converting government enterprises into privately owned companies
assets equation
Privatization
geographic segmentation
debt-to-equity ratio
43. Worker - consumer - citizen Consumers vote in favor of goods and services; Worker productivity is important for a nations advancement; Citizens join with other citizens in making some economical decision for the good of the community
Middle Manager
3 Economic Role
personal selling
Monopolistic Competition
44. An extra amount of time granted to a party to make a payment
customer buying behavior
Pure Competition
Mission Statement
Extension
45. Objective that a business hopes and plans to achieve
primary factors of market segmentation
family branding
Goal
Corporate Strategy
46. Economy in which individuals control production and allocation decisions through supply and demand
Market economy
stealth marketing
cost based pricing
Management
47. Product - price - distribution - customer communication
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
48. The creation and sharing of product-related information among customers and potential customers
social commerce
long-term liabilities
Goal
accounting equation
49. Behavior that does not conform to generally accepted social norms concerning beneficial and harmful actions
Unethical Behavior
Quality
Chain of Command
promotion
50. Making decisions without consulting anyone
risks of product-line extensions
Monopolistic competition
promotional strategy
Autocratic Leadership style
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