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 activity - set of institutions - and process for creating - communicating - delivering - and enhancing offerings that have value for customers - clients - partners - and society at large
Marketing
Environmental Analysis
Expert Influence
Decision-Making Skills
2. Ethical or unethical behaviors by employees in the context of their jobs
break-even point equation
brand mark
Business Ethics
private brands
3. ____ help focus attention on what is important and are broader statements than objectives. More quantitative the ____ - the more likely its achievement is to receive attention and less likely it is to be distorted. The end or outcome to be accomplis
psychographics
Limited Liability
Inflation
Goals
4. Intermediary who sells products directly to consumers
Retailer
cause-related marketing
Labor Union
Outsourcing
5. Customer value created by converting raw materials and other inputs into finished goods and services
national brands
social commerce
Stockholder (or Shareholder)
form utility
6. Advertising that tries to sell specific goods or services - generally by describing features - benefits - and occasionally - price
Inflation
brand equity
product advertising
national brands
7. Specific customer groups or segments to whom a company wants to sell a particular product
Audit
target markets
Chief Executive Officer (CEO)
Imperfect Competition
8. Promotional campaigns that send information only to those people who've specifically asked to receive it
Outsourcing
assume that all workers are content with their work
permission marketing
Oligopoly
9. All the operating expenses associated with marketing goods or services
Common Law
Wholesaler
Telemarketing
selling expenses
10. Specification of the jobs to be done within an organization and the ways in which they relate to one another
Organizational Structure
capital investments
Outsourcing
customer service
11. Occurs when two companies form one corporation
Business Plan
price
cash basis
merger
12. Process of subdividing a market into homogeneous groups to identify potential customers and to devise marketing approaches geared to their needs and interests
strategic marketing planning
cost of goods sold equation
SWOT analysis
market segmentation
13. Management process of determining how to best arrange an organization's resources and activities into a coherent structure
persuasive advertising
Supply Chain (Value Chain)
Organizing
Market economy
14. Statement of beliefs and values that direct behavior - clear concise manner and included in staff handbooks and annual reports.
credit
Processing
Benefits
Philosophy
15. Strategu for determining a firm's overall attitude toward growth and the way it will manage its business or product lines
Corporate Strategy
cost based pricing
Retrenchment
marketing research
16. Making a product available at a convenient time
limitations of marketing research
profitability ratios
net income
time utility
17. Acquiring funds through borrowing
debt financing
relationship marketing
unity of command
calendar year
18. Degree to which customers continue to buy from a particular retailer or buy the products of a particular manufacturer or service provider
Procedure
product life cycle
price elasticity
customer loyalty
19. Categorization of customers according to their geographical location
Organizational Structure
stealth marketing
geographic segmentation
customer service
20. This level of management includes department heads and district sales managers.
sales promotion
debit
middle management
fringe benefit
21. Organization through which member nations negotiate trading agreements and resolve disputes about trade policies and practices
permission marketing
World Trade Organization (WTO)
Unlimited Liability
laissez-faire Leadership style
22. Confusion results if a person reports to two people at once - according to ____.
unity of command
Services
productivity - the success of the managers - and the morale of the other employees
Accountability
23. Market or industry characterized by numerous buyers and relatively numerous sellers trying to differentiate their products from those of competitors
World Trade Organization (WTO)
corporate strategies
Depression
Monopolistic competition
24. Selling method in which the price is set by customers bidding against each other
auction
why companies learn about customers so they can stay in touch with their current needs and wants
growth through direction state
direct mail
25. Ratios that measure the effectiveness of the firm's use of its resources
activity ratios
break-even point equation
persuasive advertising
Imperfect Competition
26. Total value of all goods and services produced within a given period by a national economy through domestic factors of production
corporate strategies
Gross Domestic Product (GDP)
Organizing
price
27. Diagram depicting a company's structure and showing employees where they fit into its operations
break-even point equation
Organization Chart
certain disabilities and illnesses
General Partnership
28. Customer value added by making a product available in a convenient location
organization behavior modification
why companies learn about customers so they can stay in touch with their current needs and wants
place utility
line organization
29. Alternative plans to be implemented if uncontrollable event occur
Nepotism
return on equity ratio
contingency plans
geographics
30. Use a brand name on a variety of related products
family branding
financial plan
introductory stage
liabilities
31. Economy in which individuals control production and allocation decisions through supply and demand
Labor Union
Out-sourcing
stages of product development
Market economy
32. Protects art and literary work - give authors exclusive right to publish - sell and reproduce their work
Copyright
Leadership
Decision Making
General (Active) Partner
33. Agreement to gradually eliminate tariffs and other trade barriers among the United States - Canada - and Mexico
communication mix
possession utility
North American Free Trade Agreement (NAFTA)
common pricing strategies
34. Specific goods - services - experiences - or other entities that are desirable in light of a person's experiences - culture - and personality
Convenience Good/Convenience Service
wants
Quid Pro Quo Harassment
debt-to-equity ratio
35. Under the Americans with Disabilities Act - companies cannot fire or refuse to hire people because of...
Swot Analysis
Imperfect Competition
institutional advertising
certain disabilities and illnesses
36. Way of recording financial transactions that requires two entries for every transaction so that the accounting equation is always kept in balance
accounting equation
Whistle Blower
Specialty Good/Specialty Service
double-entry bookkeeping
37. The process in which managers and their employees jointly set objectives for the employees - periodically evaluate performance - and reward according to the results
management by objectives (MBO)
assume that all workers are content with their work
Industrial Goods
form utility
38. Informal work groups can affect ____.
productivity - the success of the managers - and the morale of the other employees
Telemarketing
Business Ethics
media
39. Cost of producing or acquiring a company's products for sale during a given period
Demand
Physical Distribution
cost of goods sold
Regulatory (Administrative) Law
40. Business costs that increase with the number of units produced
General (Active) Partner
variable costs
Pure Competition
laissez-faire Leadership style
41. Goal set for the very near future
limitations of marketing research
Short-Term Goal
direct marketing
financial plan
42. Efforts a company makes to satisfy its customers to help them realize the greatest possible value from the products they are purchasing
Limited Liability
customer service
Limited Partner
form utility
43. The willingness and ability of buyers to purchase a good or service
Multinational (or Transnational) Corporation
Demand
steps in the strategic marketing planning process
personal selling
44. The value that a company has built up in a brand
forecasting
Corporate Strategy
Organizational Stakeholders
brand equity
45. Legal principal holding investors liable for a firm's debts only to the limits of their personal investments in it
Stockholder (or Shareholder)
debt-to-equity ratio
Identity Influence
Limited Liability
46. 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
Market
vertical analysis
Substitute Product
brand mark
47. Claims against a firm's assets by creditors - such as banks and suppliers
liabilities
Acquisition
integrated marketing communications
possession utility
48. Obtain goods they cannot produce - reflect comparative advantage - and create jobs
Delegation
promotional strategy
Three reasons nations trade
Price Fixing
49. The amount of money charged for a product or service
institutional advertising
price
Corporate Bond
long-term liabilities
50. Offering several products for a single price that is presumably lower than the total of the products' individual prices
bundling
stages in the life cycle of a product
Organization Chart
net income
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