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. A firm's portion of the total sales in a market
primary factors of market segmentation
market share
retained earnings
common pricing strategies
2. A formal pledge obligating the issuer (the company) to pay interest periodically and repay the principal at maturity
brand
Corporate Bond
assets equation
SWOT analysis
3. This level of management includes department heads and district sales managers.
middle management
Human Resource Management (HRM)
Monopoly
categories of customer communication
4. Physical products purchased by consumers for personal use
Corporate Bond
psychographics
transaction
Consumer Goods
5. 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
social media approach
inventory turnover ratio
Specialty Good/Specialty Service
Monopolistic competition
6. The way a manager teats and directs employees
SWOT analysis
Privatization
Leadership Style
social commerce
7. 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
Authority
communication mix
schematic of marketing process
Expert Influence
8. Power of a good or services to satisfy a human need
utility
product advertising
Common Law
Committee and Team Authority
9. Product that is dissimilar from those of competitors but than can fulfill the same need
Matrix Structures
Substitute Product
current liabilities
psychographics
10. Process of planning - organizing - leading and controlling an organization's resources to achieve its goals
laissez-faire Leadership style
utility
earnings per share
Management
11. Arrangement in which a buyer (franchisee) purchases the right to sell the good or service of the seller (franchiser)
Small Business Administration (SBA)
Franchise
Sole Proprietership
Services
12. The process of analyzing and adjusting the basic financial plan to correct for forecasted events that do not materialize
Outcome-based ethics
calendar year
financial control
time utility
13. When a task is too time consuming for a manager to handle alone - he or she may ____.
Imperfect Competition
a continuous-flow operating system
delegate the task
Physical Distribution
14. Systematic examination of a company's accounting system to determine whether its financial reports reliably represent its operations
Audit
Venture Capital Company
Regulatory (Administrative) Law
personal selling
15. Selling method in which the price is set by customers bidding against each other
Decision Making
Laws
product advertising
auction
16. Small groups in the same work area that have scheduled meetings about problems and how to fix them
promotional strategy
trade allowance
quality control circles
debit
17. Portion of a company's assets that belongs to the owners after obligations to all creditors have been met
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
18. Positive reinforcement - negative reinforcement - punishment
organization behavior modification
Authority
trademarks
3 Economic Role
19. Strategy by which managers in specific areas decide how best to achieve corporate goals through productivity
stages of product development
Copyright
Functional Strategy
Theory Z
20. A detailed series of related steps or tasks written to implement a policy is called a ____.
Officers
Procedure
Sole Proprietership
positive reinforcement
21. Management process of determining how to best arrange an organization's resources and activities into a coherent structure
Organizing
gross profit
geographic segmentation
Workplace Diversity
22. Process for evaluating proposed investments in select projects that provide the best long-term financial return
capital budgeting
long-term liabilities
Market economy
Competition
23. Marketers focus on stimulating demand for the new product
introductory stage
it produces the greatest amount of good for the greatest number
Benefits
market segmentation
24. Objective that a business hopes and plans to achieve
organization behavior modification
current liabilities
Goal
price based pricing
25. Strategu for determining a firm's overall attitude toward growth and the way it will manage its business or product lines
customer service
growth through direction state
Corporate Strategy
market segmentation
26. Selling or supporting the sales process over the telephone
Management
Limited Liability
telemarketing
trade allowance
27. Payments other than wages or salaries - other benefits
fringe benefit
wants
Limited Liability
Universal Product Codes
28. Employee who detects and tries to put an end to a company's unethical - illegal - or socially irresponsible actions by publicizing them
Closely Held (or Private) Corporation
Labor Relations
Whistle Blower
Unlimited Liability
29. Utilitarianism: outcome oriented - focuses on the consequences of an action - not on the nature of the action itself or on any set of preestablished moral values or religious beliefs.
point-of-purchase display
delegate the task
Outcome-based ethics
ratio analysis
30. Organization's statement of how it will achieve its purpose in the environment in which it conducts business
news release
skim pricing
brand extension
Mission Statement
31. Organization in which most decision-making authority is held by upper-level management
it produces the greatest amount of good for the greatest number
levels of brand loyalty
Centralized Organization
Oligopoly
32. Products having nonphysical features - such as information - expertise - or an activity that can be purchased
skim pricing
price
Services
Long-range or strategic planning
33. Changes the form of material so they can be consumed or used to manufacture other products
Processing
marketing research
long-term liabilities
Franchise
34. Independent and well informed buyers and sellers of the exact same product (farmers markets)
current assets
Pure Competition
price
debt-to-equity ratio
35. Specification of the jobs to be done within an organization and the ways in which they relate to one another
Public Goods
Organizational Structure
Divestiture
family branding
36. Market or industry characterized by numerous buyers and relatively numerous sellers trying to differentiate their products from those of competitors
general expenses
Monopolistic competition
Management
Business Cycle
37. Communications channels - such as newspapers - radio - and television
growth through direction state
Oligopoly
media
premiums
38. Results from the leader's ability to give or withhold rewards
bundling
Sole Proprietership
Business Cycle
Reward Influence
39. Applying a successful brand name to a new product category
Chief Executive Officer (CEO)
brand extension
online display advertising
it produces the greatest amount of good for the greatest number
40. Break-even point = fixed costs/ (selling price - variable costs per unit)
Matrix Structures
Marketing
break-even point equation
Hostile Work Environment
41. Characteristic of decentralized companies with relatively few layers of management
Services
Small Business Administration (SBA)
Flat Organizational Structure
family branding
42. The process of changing an organization's structure - Has a small negative effect on task performance. - Has a more significant negative effect on organizational commitment.
Restructuring
methods of finance for an expanding business
empowerment
marketing concept
43. The various appliances and devices for creating - storing - exchanging - and using information in diverse modes - including visual images - voice - multimedia - and business data
Decision Making
Information Technology (IT)
objectives
price
44. The practice of paying suppliers and distributors to perform certain business processes or to provide needed materials or services
activity ratios
Outsourcing
Laws
responsibility
45. profitability - liquidity - activities - and leverage/debt
types of financial ratios
Multinational (or Transnational) Corporation
Short-Term Goal
debt financing
46. Manager responsible for a firm's overall performance and effectiveness
place marketing
Top Manager
Ethical Behavior
Unemployment
47. Strategies that deal with the most important aspects of the company's operations and provide overall direction for the company are known as ____.
methods of finance for an expanding business
Corporation
corporate strategies
market share
48. 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
database marketing
marketing research
direct marketing approach
Convenience Good/Convenience Service
49. The company founder is no longer solely responsible for all decision making during the ____.
types of financial ratios
Joint Venture
Business (or Competitive) Strategy
growth through direction state
50. By making changes in policies or resolving conflicts in the workplace - a manager is working within his or her ____.
capital budgeting
marketing mix
decision-making role
search advertising
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