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. A formal pledge obligating the issuer (the company) to pay interest periodically and repay the principal at maturity
vertical analysis
sales promotion
Laws
Corporate Bond
2. Management process of determining how to best arrange an organization's resources and activities into a coherent structure
Organizing
fixed costs
North American Free Trade Agreement (NAFTA)
transaction
3. Assets = liabilities + owner's equity
possession utility
delegate the task
assets equation
cause-related marketing
4. From of sexual harassment deriving from off-color jokes - lewd comments - and so forth
co-branding
S Corporation
Hostile Work Environment
First-Line Manager
5. The price of your nation's currency is in terms of another nation's currency
Copyright
Exchange Rate
customer loyalty
place utility
6. 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
responsibilities of a financial manager
Extension
activity ratios
cost based pricing
7. Form of a corporation spanning national boundaries
Services
how companies learn about customer
calendar year
Multinational (or Transnational) Corporation
8. When a task is too time consuming for a manager to handle alone - he or she may ____.
Flat Organizational Structure
sales promotion
promotion
delegate the task
9. A sustained increase in the general level of prices
Corporation
unity of command
Inflation
quick ratio
10. The value that a company has built up in a brand
responsibility
levels of brand loyalty
brand equity
European Union (EU)
11. Developing and implementing a firm's financial plan - monitoring cash flow - decided how to create or use excess funds - budgeting for current and future expenditures - recommending specific investments - raising capital to finance the enterpris
General (Active) Partner
Environmental Analysis
responsibilities of a financial manager
news conference
12. Use a brand name on a variety of related products
place utility
Sole Proprietership
contract
family branding
13. Manufacturing and selling costs - competition - the needs of wholesalers and retailers who distribute the product to the final customer - the firm's marketing objectives - government regulations - quality perceptions - and customer demand
Middle Manager
factors that influence pricing decisions
Competition
Publicly Held (or Public) Corporation
14. Current assets minus current liabilities
working capital
loss-leader
growth through direction state
social commerce
15. Product made or grown abroad but sold domestically
marketing research
Herzberg's two-factor theory
Import
retained earnings
16. Under the Americans with Disabilities Act - companies cannot fire or refuse to hire people because of...
certain disabilities and illnesses
co-branding
balance sheet
variable costs
17. Classification of customers on the basis of their psychological makeup - interests - and lifestyles
form utility
Custom Manufacturing
Specialty Good/Specialty Service
psychographics
18. Deliver quality products - and provide effective customer service; keeps customers satisfied and helps retain long-term loyalty
why companies learn about customers so they can stay in touch with their current needs and wants
Acquisition
Gross Domestic Product (GDP)
social commerce
19. Promotional strategy that stimulates consumer demand - which then exerts pressure on wholesalers and retailers to carry a product
return on investment
pull strategy
introductory stage
responsibility
20. Process for evaluating proposed investments in select projects that provide the best long-term financial return
capital budgeting
steps in the strategic marketing planning process
Extension
responsibility
21. Charging a high price for a new product during the introductory stage and lowering the price later
Public Goods
sales promotion
ways to expand a product line
skim pricing
22. Manager responsible for implementing the strategies and working toward the goals set by top managers
Copyright
point-of-purchase display
Middle Manager
Business Cycle
23. Arises when group members recognize that the leader has special expertise in the area
Expert Influence
social media approach
Globalization
North American Free Trade Agreement (NAFTA)
24. A business firm that does things for you instead of making or makerting products
Service Business
owner's equity
how companies learn about customer
Reward Influence
25. The state of being certain that adverse effects will not be caused by some agent under defined conditions
Merger
Business Ethics
Safety
target markets
26. Within an organization essentially answers the question 'Who reports to whom?' - Specific flow of authority down through the levels of an organization's structure.
Chain of Command
Organizing
Depression
license
27. Partner who actively manages a firm and who has unlimited liability for its debts
Prime Rate
Industrial Goods
General (Active) Partner
double-entry bookkeeping
28. Business with two or more owners who share in both the operation of the firm and the financial responsibility for its debts
Mass Production
General Partnership
depreciation
organization behavior modification
29. Brands that have been given legal protection so that their owners have exclusive rights to their use
maturity stage
Specialty Good/Specialty Service
trademarks
Top Manager
30. Product made or grown domestically but sold abroad
direct marketing
Export
credit
revenues
31. Approach to business management that stresses customer needs and wants - seeks long-term profitability - and integrates marketing with other functional units within the organization
assets
Intellectual Property
marketing concept
productivity - the success of the managers - and the morale of the other employees
32. Accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life
telemarketing
depreciation
license
Organizing
33. Effective acquisition and use of money
Position Influence
financial management
retained earnings
decision-making role
34. Marketers focus on stimulating demand for the new product
Span of Control
Whistle Blower
Processing
introductory stage
35. 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
Monopoly
market segmentation
Labor Union
function of labels
36. People are internally motivated
Herzberg's two-factor theory
time utility
theory y
social commerce
37. Agreement to produce and market another company's product in exchange for a royalty or fee
license
function of labels
Ethical Behavior
Recession
38. Goal set for an extended time - typically 5 years or more in the future
current assets
Environmental Analysis
Long-Term Goal
Consumer Goods
39. The portion of shareholders' equity earned by the company but not distributed to its owners in the form of dividends
promotional strategy
retained earnings
ratio analysis
marketing mix
40. Behavior exhibited by consumers as they consider - select - and purchase goods and services
customer buying behavior
price elasticity
online display advertising
Convenience Good/Convenience Service
41. The total quantity and quality of goods and services people can purchase with the currency used in their economic system
Standard of living
capital budgeting
Labor Union
marketing strategy
42. Stocks - bonds - and other investments that can be turned into cash quickly
market segmentation
marketable securities
Identity Influence
North American Free Trade Agreement (NAFTA)
43. Accounting method in which revenue is recorded when a sale is made and expense is recorded when it is incurred
revenues
Expert Influence
discount pricing
accrual basis
44. Lots of leeway to workers to meet goals
laissez-faire Leadership style
owner's equity
working capital
Audit
45. A period during which aggregate output - as measured by GDP - declines
return on investment
sales promotion approach
institutional advertising
Recession
46. Mix of people in organizations in terms of essential/demographic status
Chain of Command
contract
budget
Workplace Diversity
47. A detailed series of related steps or tasks written to implement a policy is called a ____.
Strategy
Organizing
Procedure
place utility
48. Occurs when two companies form one corporation
product life cycle
social commerce
Corporate Bond
merger
49. Is the way in which tasks in an organization are divided into separate jobs. - Also known as division of labor - Assembly line worker.
5 C's
Unemployment
merger
Work Specialization
50. Charging a high price for a new product during the introductory stage and lowering the price later
skim pricing
price elasticity
database marketing
it produces the greatest amount of good for the greatest number