Terms
Rules & Regulations
Exam Questions
100

Amount of merchandise/product on hand at any given time

What is inventory?

100

If these are white, you will receive a point deduction

What are socks?

100

Jane enjoys working with people, is interested in television and advertising, has excellent grades in english and speech, and is very creative. what occupational area would she be better suited to pursue?

a. Personal services

b. Business and office

c. Communications and media

d. Health and fitness

C

200

Products that leave for(or are sold to) another country

What is exports?

200

This should be no shorter than one's knees, especially when sitting

What is a skirt?

200

When writing a follow-up letter one should follow the guidelines for writing a...

A. summary

B. business letter

C. personal letter

D. progress report

B

300

Bargaining process in which two or more parties seek common ground and reach an agreement

What is negotiation?

300

If you do not complete this you will be disqualified

What is the multiple choice exam?

300

The process of keeping the financial records of a business is known as…

a. Controlling

b. Accounting

c. Financing

d. Bookkeeping

B

400

The process in which a business develops, establishes, and maintains relationships with its consumers.

What is customer relations?

400

You are only allowed to bring these things into the exam

What is a pencil, paper, and calculator?
400

On February 13, to prepare for Valentine's day, a business should make sure that...

A. red items are displayed

B. Valentine's products have been ordered

C. staff from the previous year have been booked to work

D. advertisements have appeared in the local newsaper

A

500

A circumstance that puts a company in a favorable or superior business position

What is competitive advantage?

500

Once you qualify for provincials you are going, true or false

False

500

Calculate the mean using the following statistical table: 

Numeric Value of Response|Number of Responses

6     |     8

5     |     12

4     |     16

3     |     14

2     |      9

1     |     6


A. 2.9 

B. 3.3

C. 3.7  

D. 4.1 

C

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