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. Market or industry in which there is only one producer that can therefore set the prices on all of its products
Monopoly
marketing research
opportunity cost
authority
2. A detailed series of related steps or tasks written to implement a policy is called a ____.
skim pricing
growth strategies
Procedure
Strategic Management
3. Stocks - bonds - and other investments that can be turned into cash quickly
Management
Organization Chart
responsibility
marketable securities
4. Market structure that does not meet all conditions of perfect competition - three catagories: monopolistic - oligopoly & monopoly
Imperfect Competition
brand managers
possession utility
why companies learn about customers so they can stay in touch with their current needs and wants
5. 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
public relations approach
Mixed Management
Processing
SWOT analysis
6. The purchase of one company by another
Acquisition
growth strategies
objectives
return on sales
7. Building a specific and unique product to meet the needs of one consumer
Sexual Harassment
factors that influence pricing decisions
Restructuring
Custom Manufacturing
8. Managers and workers cooperating as a team
Democratic Leadership Style
Wheeler-Lea Act of 1938
Long-range or strategic planning
co-branding
9. Individuals or households that buy goods and services for personal use
debt ratios
consumer market
Gross Domestic Product (GDP)
Demand
10. Advertising or other display materials set up at retail locations to promote products to potential customers as they are making their purchase decisions
assets equation
capital investments
point-of-purchase display
Imperfect Competition
11. Gross domestic product (GDP) adjusted to account for changes in currency values and price changes
possession utility
credit
Real GDP
break-even analysis
12. Favoritism shown to relatives or close friends by those in power (as by giving them jobs)
Depression
decline stage
Nepotism
equity financing
13. Manager responsible for implementing the strategies and working toward the goals set by top managers
generic products
Middle Manager
certain disabilities and illnesses
3 Economic Role
14. Form - time - place - possession
line organization
return on investment
types of utility
Accountability
15. A short - specific written statement of the reason a business exists and what it wants to achieve.
Substitute Product
Monopolistic Competition
Corporate Strategy
mission statement
16. Classification of customers on the basis of their psychological makeup - interests - and lifestyles
Accountability
Corporate Governance
Gross National Product (GNP)
psychographics
17. A governing plan for accomplishing goals and objectives. Explain how goals will be achieved. Define the general course and scope of activities. Serve as basis for future decisions - actions and help coordinate plans. Control performance - increase
Span of Control
Policy
equity financing
Export
18. A business that is involvec with moving goods from producers to consumers
public relations approach
Supply
Committee and Team Authority
Marketer
19. Operating expenses - such as office and administrative expenses - not directly associated with creating or marketing a good or a service
Audit
Strategy
return on equity ratio
general expenses
20. Physical products purchased by consumers for personal use
middle management
Natural monopoly
assets
Consumer Goods
21. Amounts that are currently due to a company
accounts receivable
Socialism
Management Information System (MIS)
coupons
22. 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.
demographics
Herzberg's two-factor theory
Outcome-based ethics
revenues
23. The level of joblessness among people actively seeking work in an economic system
Contingent Worker
Quality Control
need
Unemployment
24. Discount offered by producers to wholesalers and retailers
widgets
trade allowance
Outcome-based ethics
primary factors of market segmentation
25. Amount earned from sales of goods or services and inflow from miscellaneous sources such as interest - rent - and royalties
debit
Planning
advertising
revenues
26. The quantity of a good that an average worker can produce in an hour
Labor Productivity
Statutory Law
Nepotism
Recession
27. 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
Recession
inside board members
vertical analysis
Competition
28. Product made or grown abroad but sold domestically
Import
Natural monopoly
Custom Manufacturing
Globalization
29. Computer system that supports managers by providing information- reports - schedules - plans and budgets- that can be used for making decisions
capital investments
Chain of Command
Standard of living
Management Information System (MIS)
30. Portion of a brand that can be expressed orally - including letters - words - or numbers
news release
break-even point
Acquisition
brand names
31. Obligations that fall due more than a year from the date of the balance sheet - Loans - leases - and bonds
Globalization
direct marketing
long-term liabilities
Controlling
32. Cost-based pricing - price-based pricing - optimal pricing - skim pricing - penetration pricing - loss-leader pricing - auction pricing
Demand
auction pricing
common pricing strategies
public relations approach
33. Offering several products for a single price that is presumably lower than the total of the products' individual prices
owner's equity equation
Span of Control
geographics
bundling
34. The practice of paying suppliers and distributors to perform certain business processes or to provide needed materials or services
Outsourcing
growth stage
Wholesaler
current assets
35. The way a manager teats and directs employees
utility
Leadership Style
Monopolistic competition
Inflation
36. Delegating more power to employees
license
empowerment
exchange process
European Union (EU)
37. Strategy by which managers in specific areas decide how best to achieve corporate goals through productivity
Copyright
activity ratios
Functional Strategy
Environmental Analysis
38. Product development stage in which a product is sold on a limited basis - a trial introduction
gross profit
financial management
brand names
test marketing
39. Products having nonphysical features - such as information - expertise - or an activity that can be purchased
Services
Organizational Stakeholders
Private enterprise
Retailer
40. Strategy in which two or more organizations collaborate on a project for mutual gain
Strategic Alliance
capital investments
Service Operations (Service Production)
Benefits
41. Claims against a firm's assets by creditors - such as banks and suppliers
Marketing
Information Technology (IT)
balance sheet
liabilities
42. Private funds - partners/shareholders - bank loans - asset leasing and hire purchase - venture capital/business angels - merger capital - retained profits
methods of finance for an expanding business
cost of goods sold
Sarbanes-Oxley Act of 2002 (Sarbox)
Service Operations (Service Production)
43. Characteristic of decentralized companies with relatively few layers of management
Flat Organizational Structure
Limited Liability Corporation (LLC)
fiscal year
unity of command
44. Process of building - maintaining - and using customer databases for the purpose of contacting customers and transacting business
dynamic pricing
database marketing
Tall Organizational Structure
Herzberg's two-factor theory
45. Product made or grown domestically but sold abroad
brand extension
Perfect competition
Export
Quality
46. Online ads that are linked to search engine results or website content
penetration pricing
search advertising
function of labels
marketing mix
47. Using relative information to predict how many jobs will be needed
online display advertising
cause-related marketing
forecasting
Supply
48. Multiple year; compares two ratios in company's financial statements; sales - sales returns/allowance - net sales - gross marginal
Monopoly
grand strategies
horizontal analysis
Certificate of Incorporation
49. Cost of goods sold = beginning inventory + net purchases - ending inventory
calendar year
social media approach
cost of goods sold equation
earnings per share
50. Informal work groups can affect ____.
productivity - the success of the managers - and the morale of the other employees
direct marketing approach
Delegation
capital investments
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