Marketing
Business Management
Finance
Hospitality and Tourism
Role Play Competition
100

What do managers often use to evaluate project results? 

A. Activities 

B. Techniques

C. Resources

D. Standards 

                      

                                   


D. Standards

100

What type of computer program helps protect digital business information from the negative effects of malware?

A. Cookies C. Firewalls

B. Spyware D. Shareware

C. Firewalls

100

Businesses usually invest in 

A. themselves.

B. bonds. 

C. stocks. 

D. real estate.

A. themselves.

100

If a restaurant wishes to open a new chain, but they do not have enough money, they may borrow money from a ______

A: Creditor     

B: Debtor

C: Borrower   

D: Wholesaler

The correct answer is A, a creditor.

100

The first thing you should identify when handed your prompt...

What are Performance Indicators

200

Information about new or unusual uses for a product can often be obtained easily from 

A. factory visits.
B. customers.
C. inventors.
D. the product manual.                                    


B. Customers

200

Before you analyze the available information to solve a problem, it is important to

A. brainstorm possible solutions.

B. identify and check your assumptions.

C. determine the best solution from several alternatives.

D. ask for input from your peers.

B. identify and check your assumptions.

200

What are two things that a purchasing specialist should consider when making a make-or-buy decision? 

A. The company's production capabilities and the cost of making the needed parts

 B. The company's production capabilities and the sales of the finished product 

C. The cost of making the needed parts and the sales of the finished product

 D. The purchasing department structure and the marketing mix

A. The company's production capabilities and the cost of making the needed parts

200

A customer who is using services of the hospitality industry has a right to ______

A: Guaranteed Satisfaction

B: Reasonable Prices

C: A Safe Environment

D: Efficient Registration

The correct answer is C, a Safe Environment.

200

You can make this out of the scratch paper provided in preparation for your role-play. You may then present it to the judge as something extra for your role-play...

What is a business card (any extra visuals)

300

When a customer buying an appliance, piece of electronics, or vehicle asks questions about repairs, the salesperson should explain features and benefits relating to its

A. Service and warranty.

B. popularity.

C. history.

D. appearance and style.

                                   


A. Service and Warranty

300

What project-management activity involves determining when project tasks should be performed?

A. Processing

C. Evaluating

B. Monitoring 

D. Scheduling

D. Scheduling

300

Andrew received an official-looking email that appeared to be from a government agency. The message requested that Andrew reply immediately to the email and provide his bank account information and credit card account numbers. Fortunately, Andrew found out that the message was fraudulent before he provided the information. What illegal activity does this situation exemplify? 

A. Ponzi scheme 

B. Phishing

C. Affinity fraud 

D. Accounting fraud

B. Phishing

300

Employees are more likely to understand information and directions if they are explained in _____

A: Excessive Detail    

B: Technical Language

C: Complex Terminology 

D: Chronological Order

The correct answer is D, Chronological order.

300

After finishing your performance indicators and before thanking the judge you should...

What is Ask the judge if he/she has any further questions

400

Which of the following is a question that a business should answer about its target market while conducting a situational analysis:

A.What are our customers buying?

B. How are our financing methods affecting our company's growth?

C. Are we operating at peak efficiency?                                  

D. Which shipping companies are we using?

                                

A. What are our customers buying?

400

63. Which of the following are examples of cash outflows:

A. Payroll, stocks, and product sales 

C. Rent, utilities, and supplies

B. Supplies, loans, and earned interest 

D. Utilities, sale of assets, and payroll

C. Rent, utilities, and supplies

400

Which are the examples of a well written executive summary?

A: Error free, Simple, Creative

B: Clear, Concise, Error free

C: Creative, Concise, Error free

D: Informal, Error free, Creative

B: Clear, Concise, Error free

400

If you are trying to create a personal budget, which of the following is relevant?

A: Monthly Income Record

B: An Online Sample Budget 

C: Employer's assets and liabilities

D: You best friend's phone bill

The correct answer is A, a record of your monthly income. 

400

The highest possible score for a role-play? and the highest possible score for the written exam?

What is 100

500

Which of the following situations is an example of product bundling:

A. Buy item Y and receive service W free for six months.    

B.Buy item Z and receive a $50 manufacturer's rebate 

C. Buy product X and receive a $15 discount if it is paid within 10 days. 

D. Buy service M and receive a coupon to use for future purchases.                                    


                

                                   


       


                                   


                               

                        


                                   


A. Buy item Y and receive service W free for six months.    

500

The gross domestic product (GDP) is most likely to decrease when the

A. consumer sector dramatically increases its spending on domestic goods and services.

B. government significantly decreases its spending on domestic goods and services.

C. business sector increases its production of goods and services.

D. consumer sector decreases its spending on imported goods and services.

B. government significantly decreases its spending on domestic goods and services.

500

Financial managers who are legally responsible for their clients' investments must demonstrate fiduciary responsibility, which involves ______

A: Acting in the best interest of their clients

B: Selling products that generate high commissions

C: Making risky investments without the clients' knowledge

D: Speaking with their clients once a year about their portfolios

The correct answer is A, acting in the best interest of their clients.

500

To reduce the time it takes to manually enter market research data into a computer, many businesses are using ______

A: Spreadsheets    

B: Online Security

C: Frequency Distribution 

D: Optical Scanners

The correct answer is D, Optical scanning devices.

500

To make a role-play as effective as possible, you should remain "in character" for how long?

What is the entire role-play

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