Test your basic knowledge |

Business Fundamentals

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. Where products are conveniently placed for customers






2. Bar codes on product packages that provide information read by optical scanners






3. Exchange of value between parties






4. From of sexual harassment deriving from off-color jokes - lewd comments - and so forth






5. Building a specific and unique product to meet the needs of one consumer






6. A formal pledge obligating the issuer (the company) to pay interest periodically and repay the principal at maturity






7. Promotional approach designed to motivate wholesalers and retailers to push a producer's products to end users






8. Behavior conforming to generally accepted social norms concerning beneficial and harmful actions






9. Complete list of all products that a company offers for sale






10. A sustained increase in the general level of prices






11. Vying among businesses for the same resources or customers






12. Advertising that tries to sell specific goods or services - generally by describing features - benefits - and occasionally - price






13. Expensive - rarely purchased good or service






14. Business costs that increase with the number of units produced






15. When a task is too time consuming for a manager to handle alone - he or she may ____.






16. Process for evaluating proposed investments in select projects that provide the best long-term financial return






17. Acquiring funds by selling shares of a company's stock






18. Marketers focus on stimulating demand for the new product






19. Loss of brand identity and the cannibalization of sales of other products in the product line






20. Strategy of coordinating and integrating all communications and promotional efforts with customers to ensure greater efficiency and effectiveness






21. Governing body of a corporation that reports to its shareholders and delegates power to run its day-to-day operations while remaining responsible for sustaining its assets






22. A detailed series of related steps or tasks written to implement a policy is called a ____.






23. Top manager who is responsible for the overall performance of a corporation






24. Process of converting government enterprises into privately owned companies






25. Private funds - partners/shareholders - bank loans - asset leasing and hire purchase - venture capital/business angels - merger capital - retained profits






26. Promotional campaigns that send information only to those people who've specifically asked to receive it






27. Media: person to person - telephone - web; audience: small groups; intensity: high; purpose: inform - persuade






28. Any things of value owned or leased by a business such as equipment - cash - land - buildings - inventory - investments - patents - and copyrights






29. Amount remaining when the cost of goods sold is deducted from net sales; also known as gross margin






30. Offering several products for a single price that is presumably lower than the total of the products' individual prices






31. Arrangement in which a buyer (franchisee) purchases the right to sell the good or service of the seller (franchiser)






32. When the seller doesn't set a firm price but allows buyers to competitively bid on the products being sold






33. Amounts that are currently due to a company






34. Agreement to gradually eliminate tariffs and other trade barriers among the United States - Canada - and Mexico






35. The willingness and ability of producers to offer a good or service for sale






36. A name - term - sign - symbol - design or combination of those used to identify the products of a firm and competing products






37. Occurs when two companies form one corporation






38. The process of analyzing and adjusting the basic financial plan to correct for forecasted events that do not materialize






39. Larger visual and multimedia ads that appear on websites






40. Nonsales communication that businesses have with their various audiences






41. Partner who actively manages a firm and who has unlimited liability for its debts






42. Measures income earned on owners' investment - formula: Net income/total owners' equity






43. Media: tv - radio - internet - print; audience: broad - intensity: passive - purpose: inform - persuade






44. A series of related products offered by a firm






45. The process of comparing an organization's products or services and processes with those of another companies






46. Activities needed to move a product efficiently from manufacturer to consumer






47. Managers and workers cooperating as a team






48. Media: discounts - coupons - rebates; audience: targeted; intensity: passive; purpose: persuade






49. Pricing selling one product at a loss as a way to entice customers to consider other products






50. Unwelcome sexual advances in the workplace







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

Browse all subjects

Browse all tests

Most popular tests