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 various appliances and devices for creating - storing - exchanging - and using information in diverse modes - including visual images - voice - multimedia - and business data
Information Technology (IT)
common pricing strategies
Unethical Behavior
Corporate Strategy
2. Process of planning - organizing - leading and controlling an organization's resources to achieve its goals
positive reinforcement
Management
accounts receivable
positioning
3. Strategy - at the business-unit or product-line level - focusing on improving a firm's competitive position
integrated marketing communications
Inflation
stealth marketing
Business (or Competitive) Strategy
4. One seller of a product - denies people competition and is against the law (They can typically raise prices)
ratio analysis
Monopoly
permission marketing
Closely Held (or Private) Corporation
5. Statement of a firm's cash receipts and cash payments that presents information on its sources and uses of cash
accounts receivable
Workplace Diversity
penetration pricing
statement of cash flows
6. Poor predictor of what will excite consumers in the future; sometimes ineffective because it is conducted in an artificial setting
5 C's
Organization Chart
Mixed Management
limitations of marketing research
7. Way of recording financial transactions that requires two entries for every transaction so that the accounting equation is always kept in balance
double-entry bookkeeping
categories of customer communication
Officers
discount pricing
8. Market structure that does not meet all conditions of perfect competition - three catagories: monopolistic - oligopoly & monopoly
communication mix
Unlimited Liability
Imperfect Competition
Monopoly
9. A form of collusion - agree to charge the same prices - usually higher than the price set by competition
Telemarketing
5 C's
Price Fixing
cost of goods sold
10. Transferring work to another country
negative reinforcement
Industrial Goods
Out-sourcing
debt financing
11. 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
national brands
Retrenchment
it produces the greatest amount of good for the greatest number
SWOT analysis
12. Products having nonphysical features - such as information - expertise - or an activity that can be purchased
5 C's
accounts receivable
demographics
Services
13. Degree to which customers continue to buy from a particular retailer or buy the products of a particular manufacturer or service provider
time utility
brand
Market
customer loyalty
14. Elimination of rules that restrict business activity
place utility
Deregulation
Policy
price elasticity
15. 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
consumer market
risks of product-line extensions
Gross National Product (GNP)
inventory turnover ratio
16. Top management team of a corporation
Officers
brand mark
Ethical Behavior
Deregulation
17. Specification of the jobs to be done within an organization and the ways in which they relate to one another
Organizational Structure
Demand
ratio analysis
responsibilities of a financial manager
18. Making decisions without consulting anyone
categories of customer communication
Autocratic Leadership style
market share
Sole Proprietership
19. Overall plan for marketing a product: includes the identification of target market segments - a positioning strategy - and a marketing mix
family branding
marketing strategy
Price Fixing
Delegation
20. The process of comparing an organization's products or services and processes with those of another companies
brand mark
assets
benchmarking
types of utility
21. Law made by the authority of administrative agencies
accounts payable
Regulatory (Administrative) Law
Unethical Behavior
rebates
22. Internal descriptors such as attitudes - interests - values - behaviors - and habits
opportunity cost
trademarks
Privatization
psychographics
23. The ability to get others to accoplish tasks because of the position the leader holds
Position Influence
assume that all workers are content with their work
Affirmative Action
time utility
24. Brands that carry the label of a retailer or a wholesaler rather than a manufacturer
widgets
Gross Domestic Product (GDP)
Processing
private brands
25. Measure of the time a company takes to turn its inventory into sales - calculated by divided cost of goods sold by the average value of inventory for a period
ratio analysis
Specialty Good/Specialty Service
Collusion
inventory turnover ratio
26. External statistical descriptors such as age - income - gender - and profession
time utility
Decision Making
demographics
Safety
27. 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
need
steps in the strategic marketing planning process
cognitive dissonance
Affirmative Action
28. The creation and sharing of product-related information among customers and potential customers
social commerce
Inflation
Audit
laissez-faire Leadership style
29. Independent and well informed buyers and sellers of the exact same product (farmers markets)
Pure Competition
Gross National Product (GNP)
balance sheet
social media
30. A series of related products offered by a firm
how companies learn about customer
product line
Mission Statement
Collusion
31. Classification of customers on the basis of their psychological makeup - interests - and lifestyles
inventory turnover ratio
Work Specialization
psychographics
methods of finance for an expanding business
32. Examining your current marketing situation - assessing your opportunities and setting your objectives - and developing your market strategy
point-of-purchase display
steps in the strategic marketing planning process
Depression
auction
33. Arrangement in which a buyer (franchisee) purchases the right to sell the good or service of the seller (franchiser)
Franchise
debt financing
vertical analysis
function of labels
34. The amount of money charged for a product or service
current assets
Tall Organizational Structure
price
Multinational (or Transnational) Corporation
35. Management process of determining how to best arrange an organization's resources and activities into a coherent structure
Gross Domestic Product (GDP)
Workplace Diversity
Affirmative Action
Organizing
36. Tension that exists when a person's beliefs don't match his or her behaviors: a common example is buyer's remorse - when someone regrets a purchase immediately after making it
Leading
cognitive dissonance
World Trade Organization (WTO)
specialty advertising
37. Flow of information - materials - and services that starts with raw-materials suppliers and continues adding value through other stages in the network of firms until the product reaches that end customer
Supply Chain (Value Chain)
Management
break-even point
unity of command
38. The four key elements of marketing strategy: product - price - distribution - and promotion
fiscal year
social commerce
marketing mix
Long-range or strategic planning
39. Categorization of customers according to their geographical location
push strategy
Statutory Law
Capitalism
geographic segmentation
40. When a task is too time consuming for a manager to handle alone - he or she may ____.
Small Business Administration (SBA)
Out-sourcing
delegate the task
Unemployment
41. Location
geographics
Industrial Goods
capital investments
Management
42. 12 month accounting period that begins on January 1 and ends on December 31
market segmentation
marketing
promotion
calendar year
43. Ratios that measure a firm's reliance on debt financing of its operations
organizational market
Corporate Bond
Limited Partner
debt ratios
44. 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
45. Using relative information to predict how many jobs will be needed
theory x
activity ratios
growth stage
forecasting
46. Occurs when two companies form one corporation
merger
accounts payable
discount pricing
Market economy
47. Favoritism shown to relatives or close friends by those in power (as by giving them jobs)
3 Economic Role
North American Free Trade Agreement (NAFTA)
Multinational (or Transnational) Corporation
Nepotism
48. Promotional strategy that stimulates consumer demand - which then exerts pressure on wholesalers and retailers to carry a product
break-even point
pull strategy
accounts receivable
quick ratio
49. Arises when group members recognize that the leader has special expertise in the area
brand names
private brands
Expert Influence
sales promotion
50. Sales-promotion efforts aimed at inducing distributors or retails to push a producer's products
Labor Relations
Unemployment
assume that all workers are content with their work
trade promotions
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