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. Set of organizational activities directed at attracting - developing - and maintaining an effective workforce
discount pricing
advertising
brand
Human Resource Management (HRM)
2. A leadership style where managers are less directive and involved employees in decision making
Multinational (or Transnational) Corporation
product advertising
Strategic Management
Sexual Harassment
3. Occurs when two companies form one corporation
merger
Goals
Convenience Good/Convenience Service
Divestiture
4. Represents how many employees the manager is responsible for in the organization - Narrow spans of control allow managers to be much more hands-on with employees.
demographics
wants
Span of Control
Mixed Management
5. Goal set for the very near future
Short-Term Goal
Recession
brand
Standard of living
6. Ratios that measure a firm's reliance on debt financing of its operations
Laws
General Partnership
debt ratios
credit
7. Identification and analysis of organizational strengths and weaknesses and environmental opportunities and threats as part of strategy formulation
capital investments
Swot Analysis
Theory Z
3 Economic Role
8. The combined use of tactical and strategic management
Mixed Management
Universal Product Codes
penetration pricing
Crisis Management
9. Legal principal holding owners responsible for paying off all debts of a business
Recovery
Extractor
Unlimited Liability
Stockholder (or Shareholder)
10. The process of analyzing and adjusting the basic financial plan to correct for forecasted events that do not materialize
Management
family branding
financial control
direct marketing
11. Method of calculating the minimum volume of sales needed at a given price to cover all costs
search advertising
debit
trade promotions
break-even analysis
12. The amount of money charged for a product or service
price
Industrial Goods
Supply Chain (Value Chain)
Service Operations (Service Production)
13. Goal set for an extended time - typically 5 years or more in the future
theory x
laissez-faire Leadership style
Long-Term Goal
S Corporation
14. Marketing efforts to attract people and organizations to a particular geographical area
Industrial Goods
place marketing
Substitute Product
Wheeler-Lea Act of 1938
15. Form of a corporation spanning national boundaries
Multinational (or Transnational) Corporation
Substitute Product
Demand
Centralized Organization
16. Market or industry in which there is only one producer that can therefore set the prices on all of its products
product life cycle
Monopoly
Marketing
SWOT analysis
17. Paid - nonpersonal communication to a target market from an identified sponsor using mass communications channels
stealth marketing
Deregulation
advertising
Wholesaler
18. Bar codes on product packages that provide information read by optical scanners
inventory turnover ratio
Universal Product Codes
Custom Manufacturing
Publicly Held (or Public) Corporation
19. Market structure that does not meet all conditions of perfect competition - three catagories: monopolistic - oligopoly & monopoly
cash basis
Imperfect Competition
database marketing
Business Ethics
20. Demographics - psychographics - and geographics
debt-to-total-assets ratio
geographic segmentation
primary factors of market segmentation
brand mark
21. Roles of shareholders - directors - and other managers in corporate decision making and accountability
inventory turnover ratio
Corporate Governance
psychographics
market share
22. A form of collusion - agree to charge the same prices - usually higher than the price set by competition
Prosperity
Out-sourcing
Reward Influence
Price Fixing
23. A business that is involvec with moving goods from producers to consumers
Franchise
Marketer
capital budgeting
Market
24. Top manager who is responsible for the overall performance of a corporation
Chief Executive Officer (CEO)
Divestiture
target markets
Matrix Structures
25. A statement of what is to be accomplished that is expressed in singular - specific - and measurable terms with a target date
Oligopoly
objectives
theory x
Mass Production
26. A large number of identical products are assembled using a continuous - efficient procedure
cash basis
Mass Production
Import
Organizing
27. Advertising sent directly to potential customers - usually through the mail
direct mail
productivity - the success of the managers - and the morale of the other employees
common pricing strategies
Corporate Strategy
28. Process of dealing with employees who are represented by a union
brand extension
Corporate Governance
Labor Relations
Centralized Organization
29. Alternative plans to be implemented if uncontrollable event occur
contingency plans
Recession
Span of Control
fixed assets
30. Process through which a manager allocates work to subordinates
Autocratic Leadership style
maturity stage
empowerment
Delegation
31. The ability to carry out a task
fixed assets
gross profit
authority
Oligopoly
32. Any things of value owned or leased by a business such as equipment - cash - land - buildings - inventory - investments - patents - and copyrights
assets
responsibilities of a financial manager
direct marketing
function of labels
33. Brief statement or video program released to the press announcing new products - management changes - sales performance - and other potential news items
news release
Divestiture
Custom Manufacturing
decline stage
34. A phase marked by a prolonged period of high unemployment - weak sales of goods and services - and business failure
Marketer
Depression
Audit
introductory stage
35. Physical products purchased by companies to produce other products
Authority
Import
Industrial Goods
Strategic Management
36. Product that is dissimilar from those of competitors but than can fulfill the same need
Substitute Product
auction pricing
communication mix
market share
37. Customer (needs/wants) - Company (competencies) - Competitors (who compete in the same markets) - Collaborators (people who increase value) - Context (political - economic - social - technology)
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
38. Enactment of federal regulations to restore public trust in accounting practices by imposing new requirements on financial activities in publicly traded corporations
Human Resource Management (HRM)
Business (or Competitive) Strategy
benchmarking
Sarbanes-Oxley Act of 2002 (Sarbox)
39. Mix of people in organizations in terms of essential/demographic status
Maslow's hierarchy of needs
Private enterprise
Decision Making
Workplace Diversity
40. Single year; A method of financial statement analysis in which each entry for each of the three major categories of accounts (assets - liabilities and equities) in a balance sheet is represented as a proportion of the total account; income statement
Span of Control
vertical analysis
Wheeler-Lea Act of 1938
institutional advertising
41. Money paid to acquire something of permanent value in a business
reminder advertising
marketing concept
capital investments
financial plan
42. Management process of guiding and motivating employees to meet an organization's objectives
behavioral segmentation
management by objectives (MBO)
Leading
need
43. Organization's methods for dealing with emergencies
Crisis Management
consumer market
Organizational Chart
productivity - the success of the managers - and the morale of the other employees
44. Something produced by the intellect or mind that has commercial value
Intellectual Property
Copyright
skim pricing
Purchasing Power Party
45. Ratio between net income after taxes and net sales; also known as profit margin
penetration pricing
Monopoly
return on sales
ways to expand a product line
46. Charging a high price for a new product during the introductory stage and lowering the price later
marketing strategy
assets
skim pricing
marketing research
47. An increase in liabilities
debit
price
Quality
debt-to-equity ratio
48. Something that the employee dislikes is taken away
negative reinforcement
First-Line Manager
Public Goods
types of financial ratios
49. The four key elements of marketing strategy: product - price - distribution - and promotion
Corporate Bond
Goods Operations (Goods Production)
marketing mix
contract
50. Way of recording financial transactions that requires two entries for every transaction so that the accounting equation is always kept in balance
marketing concept
downsizing
Substitute Product
double-entry bookkeeping