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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. Portion of a brand that cannot be expressed verbally






2. Goal set for the very near future






3. Location






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






5. The principal that exchange rates are set so that the prices of similar products in different countries are about the same






6. The way you live as measure by the kinds and quality of goods and services you can afford






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






8. Advertising intended to remind existing customers of a product's availability and benefits






9. Ratios that measure the effectiveness of the firm's use of its resources






10. Introducing a new product at a low price in hopes of building sales volume quickly






11. This level of management includes department heads and district sales managers.






12. Form of sexual harassment in which sexual favors are requested in return for job-related benefits






13. Type of partnership consisting of limited partners and a general (or active) partner






14. The amount of money charged for a product or service






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






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






17. Online ads that are linked to search engine results or website content






18. A phase marked by a prolonged period of high unemployment - weak sales of goods and services - and business failure






19. Classification of customers on the basis of their psychological makeup - interests - and lifestyles






20. Hybrid of a closely held corporation and a partnership - organized and operated like a corporation but treated as a partnership for tax purposes






21. The way a manager teats and directs employees






22. Formal agreement to set prices. Sometimes illegal - but is typically secretive






23. Efforts a company makes to satisfy its customers to help them realize the greatest possible value from the products they are purchasing






24. The processes and behaviors used by someone - such as a manager - to motivate - inspire - and influence the behaviors of others






25. Process of scanning the business environment for threats and opportunities






26. Customer value created when someone takes ownership of a product






27. The degree to which customers continue to purchase a specific brand






28. Communications channels - such as newspapers - radio - and television






29. Portion of a company's assets that belongs to the owners after obligations to all creditors have been met

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30. Court-granted permission for a company to not pay some or all debts






31. Form of nonstore retailing in which the telephone is used to sell directly to consumers






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






33. Good or service used as the basis of commerce






34. Advertising that seeks to create goodwill and to build a desired image for a company rather than to sell specific products






35. A ____ is an agreement between two parties to carry out a transaction - such as the sale of goods from a seller to buyer.






36. Ratios that measure a firm's reliance on debt financing of its operations






37. A period where demand begins to decrease - businesses lower production of goods and services - unemployment begins to rise - and GDP growth slows for two or more quarters






38. Group of individuals working together to achieve shared job-related goals - such as higher pay - shorter working hours - more job security - greater benefits - or better working conditions






39. Hybrid of a publicly held corporation and a partnership in which owners are taxed as partners but enjoy the benefits of limited liability






40. Process of dealing with employees who are represented by a union






41. profitability - liquidity - activities - and leverage/debt






42. Unwelcome sexual advances in the workplace






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






44. Strategy in which two or more organizations collaborate on a project for mutual gain






45. Using relative information to predict how many jobs will be needed






46. Business owned and usually operated by one person who is responsible for all its debts






47. An increase in liabilities






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






49. ____ 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






50. Worker - consumer - citizen Consumers vote in favor of goods and services; Worker productivity is important for a nations advancement; Citizens join with other citizens in making some economical decision for the good of the community







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Can you answer 50 questions in 15 minutes?


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