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. Ratio between net income after taxes and total owners' equity; also known as return on equity
return on investment
Management
stages of product development
public relations approach
2. Results from the leader's ability to give or withhold rewards
depreciation
trademarks
Reward Influence
primary factors of market segmentation
3. Introductory stage - growth stage - maturity stage - decline stage
Information Technology (IT)
Corporate Strategy
authority
stages in the life cycle of a product
4. Unwelcome sexual advances in the workplace
Centralized Organization
risks of product-line extensions
debt financing
Sexual Harassment
5. A short - specific written statement of the reason a business exists and what it wants to achieve.
Organizational Structure
grand strategies
Extractor
mission statement
6. Government agency charged with assisting small businesses - a govt agency that helps small business owners develop business plan and obtain financing and other support for their companies
accounts payable
Small Business Administration (SBA)
coupons
direct marketing
7. Obligations that must be next within a year
how companies learn about customer
Limited Partner
current liabilities
Human Resource Management (HRM)
8. The delivery of marketing messages to people who are not aware that they are being marketing to; these messages can be delivered by either acquaintances or strangers - depending on the technique
Decentralized Organization
financial management
stealth marketing
brand
9. The four key elements of marketing strategy: product - price - distribution - and promotion
brand extension
bundling
test marketing
marketing mix
10. The quantity of a good that an average worker can produce in an hour
Out-sourcing
fringe benefit
Whistle Blower
Labor Productivity
11. Any things of value owned or leased by a business such as equipment - cash - land - buildings - inventory - investments - patents - and copyrights
accounts receivable
assets
Retrenchment
Quid Pro Quo Harassment
12. Strategy - at the business-unit or product-line level - focusing on improving a firm's competitive position
delegate the task
grand strategies
Business (or Competitive) Strategy
product advertising
13. Planning and control tool that reflects expected revenues - operating expenses - and cash receipts and outlays
sales promotion
budget
relationship marketing
line organization
14. Efforts a company makes to satisfy its customers to help them realize the greatest possible value from the products they are purchasing
customer service
responsibilities of a financial manager
retained earnings
why companies learn about customers so they can stay in touch with their current needs and wants
15. Because production occurs continuously throughout the year - the 3-M company can best be described as using ____.
social media approach
a continuous-flow operating system
Labor Productivity
Business Cycle
16. Selling or supporting the sales process over the telephone
close the books
management by objectives (MBO)
telemarketing
Decision-Making Skills
17. Specification of the jobs to be done within an organization and the ways in which they relate to one another
price
types of financial ratios
Organizational Structure
inventory turnover ratio
18. Motivator and hygiene factors need to be met to prevent dissatisfaction
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
19. Selling method in which the price is set by customers bidding against each other
risks of product-line extensions
auction
premiums
types of utility
20. Extends 3 to 5 years into the future. Begins with in-depth analysis of internal environment's strengths and weaknesses. Reviews external opportunities and threats so realistic goals can be set
brand extension
debt-to-equity ratio
Service Operations (Service Production)
Long-range or strategic planning
21. Assets = liabilities + owner's equity
return on investment
test marketing
accounting equation
Planning
22. A form of collusion - agree to charge the same prices - usually higher than the price set by competition
Labor Productivity
Strategy
First-Line Manager
Price Fixing
23. A business that is involvec with moving goods from producers to consumers
job rotation
demographics
Outsourcing
Marketer
24. The creation and sharing of product-related information among customers and potential customers
opportunity cost
social commerce
Capitalism
growth through direction state
25. Product made or grown domestically but sold abroad
Monopoly
owner's equity equation
organization behavior modification
Export
26. The process of comparing an organization's products or services and processes with those of another companies
benchmarking
ways to expand a product line
Committee and Team Authority
accounts payable
27. Set of organizational activities directed at attracting - developing - and maintaining an effective workforce
Depression
Corporate Governance
Human Resource Management (HRM)
advertising
28. Ratios that measure a firm's reliance on debt financing of its operations
premiums
national brands
trademarks
debt ratios
29. Goal set for an extended time - typically 5 years or more in the future
social media
Long-Term Goal
social commerce
possession utility
30. Governing body of a corporation that reports to its shareholders and delegates power to run its day-to-day operations while remaining responsible for sustaining its assets
social commerce
profitability ratios
Board of Directors
Workplace Diversity
31. 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
benchmarking
Marketing
communication mix
cash basis
32. Method of combining geographical data with demographic data to develop profiles of neighborhood segments
Small Business Administration (SBA)
Strategic Management
steps in the strategic marketing planning process
geodemographics
33. Management process of determining how to best arrange an organization's resources and activities into a coherent structure
Corporate Bond
Physical Distribution
Closely Held (or Private) Corporation
Organizing
34. Brief statement or video program released to the press announcing new products - management changes - sales performance - and other potential news items
news release
database marketing
Extractor
Joint Venture
35. Study of statistical characteristics of a population
Functional Strategy
capital budgeting
demographics
fringe benefit
36. Nonsales communication that businesses have with their various audiences
auction pricing
Exchange Rate
Wholesaler
public relations
37. Process for evaluating proposed investments in select projects that provide the best long-term financial return
downsizing
capital budgeting
Organizational Stakeholders
Board of Directors
38. Statement or document that defines the direction and scope of the promotional activities that a company will use to meet its marketing objectives
promotional strategy
credit
Quality
elements of a company's marketing mix
39. Business costs that remain constant regardless of the number of units produced
price elasticity
brand mark
fixed costs
media
40. Broad set of organizational plans for implementing the decisions made for achieving organizational goals
Long-Term Goal
Controlling
Operations (Production) Management
Strategy
41. Offering a temporary reduction in price
horizontal analysis
discount pricing
Publicly Held (or Public) Corporation
quick ratio
42. The way a manager teats and directs employees
demographics
Leadership Style
accounts receivable turnover ratio
auction pricing
43. Somethings needed by a community and provided by its government
positive reinforcement
liabilities
Public Goods
Collusion
44. Expensive - rarely purchased good or service
fixed assets
accrual basis
Specialty Good/Specialty Service
trade allowance
45. A leadership style where the manager is directive and controlling
Tactical Management
quick ratio
job rotation
distribution channels
46. The action of ensuring that operations produce products that meet specific quality standards
brand mark
Quality Control
place utility
Physical Distribution
47. Creating a flatter organization structure normally cutting out middle management
permission-based marketing
Short-range or operational planning
Leadership
downsizing
48. A ____ is an agreement between two parties to carry out a transaction - such as the sale of goods from a seller to buyer.
contract
product
Management
Leading
49. Economic system that allows individuals to pursue their own interests without undue governmental restriction
cash basis
Private enterprise
contract
Prosperity
50. The amount of money charged for a product or service
Authority
commercialization
price
generic products
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