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. Direct communication other than personal sales contacts designed to effect a measurable response
Information Technology (IT)
debt-to-equity ratio
Monopoly
direct marketing
2. 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
Privatization
auction pricing
market segmentation
vertical analysis
3. Small groups in the same work area that have scheduled meetings about problems and how to fix them
theory x
quality control circles
functional strategies
online display advertising
4. All costs of operation that are not included under cost of goods sold
Variance
operating expenses
marketing concept
management by objectives (MBO)
5. Compensation other than wages and salaries
advertising approach
growth through direction state
Deregulation
Benefits
6. Bar codes on product packages that provide information read by optical scanners
common pricing strategies
Universal Product Codes
Short-range or operational planning
wants
7. Ratios that measure the overall financial performance of a firm- include return on sales - return on investment - and earnings per share
earnings per share
profitability ratios
Custom Manufacturing
specialty advertising
8. The phase in which unemployment begins to decrease. demand for goods and services increase - and GDP begins to rise
return on sales
Recovery
Globalization
promotion
9. System that sanctions the private ownership of the factors of production and encourages entrepreneurship by offering profits as an incentive
earnings per share
trade promotions
Business Plan
Capitalism
10. Physical products purchased by consumers for personal use
Mission Statement
expenses
Consumer Goods
skim pricing
11. 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.
Crisis Management
Span of Control
Closely Held (or Private) Corporation
promotion
12. Amount earned from sales of goods or services and inflow from miscellaneous sources such as interest - rent - and royalties
accrual basis
revenues
persuasive advertising
General Partnership
13. Organization in which most decision-making authority is held by upper-level management
capital budgeting
Franchise
auction pricing
Centralized Organization
14. External statistical descriptors such as age - income - gender - and profession
Processing
job rotation
ways to expand a product line
demographics
15. Document in which an entrepreneur summarizes his or her business strategy for a proposed new venture and how that strategy will be implemented
Corporate Bond
Business Plan
Theory Z
laissez-faire Leadership style
16. Inexpensive good or service purchased and consumed rapidly and regularly
Convenience Good/Convenience Service
Services
accounting equation
Marketer
17. Reporting relationships within a company
penetration pricing
capital investments
Chain of Command
Controlling
18. The willingness and ability of buyers to purchase a good or service
Demand
Theory Z
a continuous-flow operating system
test marketing
19. Measure of a firm's ability to carry long-term debt - calculated by divided total liabilities by total assets
debt-to-total-assets ratio
behavioral segmentation
Out-sourcing
owner's equity equation
20. Arrangement in which a buyer (franchisee) purchases the right to sell the good or service of the seller (franchiser)
Franchise
Information Technology (IT)
a continuous-flow operating system
European Union (EU)
21. Start with the cost of producing a good or a service and then add a markup to the cost of the product to produce a product
General (Active) Partner
Processing
cost based pricing
customer loyalty
22. Law created by consistitution(s) or by federal - state - or local legislative acts
function of labels
positioning
responsibilities of a financial manager
Statutory Law
23. The principal that exchange rates are set so that the prices of similar products in different countries are about the same
Limited Liability Corporation (LLC)
brand managers
Export
Purchasing Power Party
24. The four key elements of marketing strategy: product - price - distribution - and promotion
Centralized Organization
marketing mix
job rotation
cost based pricing
25. Accounting method in which revenue is recorded when payment is received and expense is recorded when cash is paid
Stockholder (or Shareholder)
Inflation
cash basis
functional strategies
26. 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
SWOT analysis
return on investment
decision-making role
function of packaging
27. Behavior exhibited by consumers as they consider - select - and purchase goods and services
Extension
customer buying behavior
owner's equity equation
Gross National Product (GNP)
28. Partnership between two or more companies to closely link their brand names together for a single product
Chain of Command
co-branding
Gross Domestic Product (GDP)
brand mark
29. The various appliances and devices for creating - storing - exchanging - and using information in diverse modes - including visual images - voice - multimedia - and business data
Bankruptcy
premiums
brand managers
Information Technology (IT)
30. The ability to get others to accoplish tasks because of the position the leader holds
Leadership Style
variable costs
Position Influence
management by objectives (MBO)
31. Marketing approach in which firms first ask permission to deliver messages to an audience and then promise to restrict their communication efforts to those subject areas in which audience members have expressed interest
exchange process
communication mix
Decentralized Organization
permission-based marketing
32. This level of management includes department heads and district sales managers.
equity financing
middle management
empowerment
Crisis Management
33. Somethings needed by a community and provided by its government
communication mix
private brands
Market economy
Public Goods
34. Where products are conveniently placed for customers
Natural monopoly
psychographics
place utility
Labor Relations
35. Sales-promotion efforts aimed at inducing distributors or retails to push a producer's products
Purpose of Strategic Planning
Private enterprise
trade promotions
strategic marketing planning
36. Process of subdividing a market into homogeneous groups to identify potential customers and to devise marketing approaches geared to their needs and interests
Universal Product Codes
market segmentation
steps in the strategic marketing planning process
Business Cycle
37. Nonsales communication that businesses have with their various audiences
Industrial Goods
quick ratio
public relations
marketable securities
38. Are a more complex form of organizational design that tries to take advantage of two types of structures at the same time. - The matrix represents a combination of a functional structure and a product structure.
Business Plan
product mix
Matrix Structures
productivity - the success of the managers - and the morale of the other employees
39. Product made or grown abroad but sold domestically
Public Goods
penetration pricing
stealth marketing
Import
40. Deliver quality products - and provide effective customer service; keeps customers satisfied and helps retain long-term loyalty
Joint Venture
direct mail
marketing research
why companies learn about customers so they can stay in touch with their current needs and wants
41. A name - term - sign - symbol - design or combination of those used to identify the products of a firm and competing products
close the books
social commerce
Quality
brand
42. Management process of monotoring an organization's performance to ensure that it is meeting its goals
Outsourcing
Procedure
Collusion
Controlling
43. The total quantity and quality of goods and services people can purchase with the currency used in their economic system
cause-related marketing
Inflation
Standard of living
geographics
44. Process through which a manager allocates work to subordinates
Committee and Team Authority
Limited Liability
Delegation
double-entry bookkeeping
45. Non-fluctuating rate that banks use to offer short-term loans of high dollar amounts made up of several interest rates
form utility
Import
financial management
Prime Rate
46. Done in conjunction with budgeting. Develops departmental maintenance and improvement goals for the coming year.
laissez-faire Leadership style
steps in the strategic marketing planning process
Short-range or operational planning
Unethical Behavior
47. Portion of a brand that cannot be expressed verbally
profitability ratios
Convenience Good/Convenience Service
news conference
brand mark
48. Media: person to person - telephone - web; audience: small groups; intensity: high; purpose: inform - persuade
co-branding
current liabilities
current ratio
personal sales approach
49. People are internally motivated
Quid Pro Quo Harassment
Short-range or operational planning
communication mix
theory y
50. Measures income earned on owners' investment - formula: Net income/total owners' equity
return on equity ratio
break-even analysis
positioning
exchange process
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