1.00
Communication
Communication
2.00
Information Management
Information Management
3.00
Professional Development
Professional Development
4.00
Business operations
Business operations
5.00
Economics
Economics
6.00
Accounting & Finance
Accounting & Finance
7.00
Marketing & business management
Marketing & business management
100
When working on a group project, a team member is enthusiastic, listens patiently. And shows an interest in others’ input. This team member is using which communication style?
Collaborator
100
A visual system of condensing material to show relationships and importance is which type of note-taking strategy?
Mapping
100
A student develops a plan that includes all of the courses needed to graduate with a Bachelor of Science degree within the next 4 years. This is an example of what type of goal?
Long-term
100
Which is ONE characteristic of mass production?
produces large amounts of similar products / very efficient / produces large quantities quickly / uses assembly lines
100
Adrian and Bailey own a salon. Adrian gives Bailey a pedicure. Bailey gives Adrian a haircut. They do NOT pay money for the services provided. What does this demonstrate?
Exchange
100
On an Income State if the Total Expenses were greater than the Total Revenue the outcome would be a:
(Net) loss
100
Each year, more than 500,000 people watch the Soccer World Cup sponsored by Adidas. What is being marketed by Adidas?
Goods
200
Signature
200
What is the purpose of a pie chart?
How different categories relate to the whole at a particular point in time
200
Completing a 5k run is which type of goal?
Short-term
200
What is the purpose of the conversion process in production?
To turn inputs into products
200
Equilibrium price of a good or service is determined by trial and error and exists when:
Supply equals demand
200
When businesses invest funds to expand, they are involved in the process of:
Finance
200
One reason the selling function is so important is because it involves
connecting with customers
300
Which written communication is used when clients and other individuals NOT working directly with the company are to receive a letter?
External
300
How would the historical events of WWI and WWII be organized?
Chronological order
300
What describes a paradigm innovation?
Change in values, assumptions, beliefs, and the way that people think
300
What is the economic process or activity of producing goods and services?
Production
300
Productivity =
Outputs / Inputs
300
The process of keeping the financial records of a business is known as:
Accounting
300
To be successful, businesses need to set prices that cover costs and:
maximize their return (make the most profit)
400
What is the most common form of written business communication because of its rapid delivery and ease of use?
400
What is the process of accessing, processing, maintaining, evaluating, and disseminating knowledge, facts, or data for the purpose of assisting business decision making?
(Business) Information Management
400
What should the employee do when they have phoned an important customer and the customer indicates that the employee has called at a bad time?
Schedule a second call
400
What is the primary reason that governments develop workplace health and safety regulations?
To protect workers
400
One reason why many small businesses develop an organizational design with a board of directors is because a board usually provides:
experience and credibility
400
What accounting record would summarize a business’s profit or loss for a previous year?
Income statement
400
Which marketing function determines how much gross profit a business will make on a good or service?
Pricing
500
What are the 4 C's of effective communication?
Clear, Concise, Correct, Complete
500
A staff accountant is unable to locate last year’s tax return. Which information management guidelines should have been followed?
Making information retrievable
500
What are the 4 types of innovation for products and services?
Product, Position, Paradigm, Process
500
On the job injuries cost money, time, and effort. What is the most practical way to manage these losses?
Safety and loss prevention program
500
3 characteristics of wants
changing, unlimited, competing
500
Accounting records for a business show that the week’s total sales revenues were $100,000. Cash sales accounted for $75,000 and credit sales, $25,000. This is an example of:
Accrual accounting method
500
John says that his job duties include planning what will be done, organizing and directing workers, and solving problems related to worker productivity. His job can best be described as a:
Manager
600
The primary reason that customers give for NOT returning to a business is lack of:
Courtesy from salespeople
600
How is the method of organizing information with Deductive Order described?
Moving from generalizations to specifics
600
If a SMART goal states “I will save $4,000 by June 12th, 2015 to go on a trip with my friends”, which element of the SMART goal is MISSING?
Attainable
600
What is a series of sequential steps taken by purchasing specialists to buy goods and services for a business?
Purchasing process
600
The main two divisions of the trade industry are:
Wholesalers and retailers
600
What is the accounting equation?
Assets = Liabilities + Equity
600
Which of the following marketing functions enables businesses to have their products in the right place at the right time:
Channel management