Business Management & Administration
Which of the Following Risks can be Covered by Insurance?
A. Changing Customer Needs B. Obsolescence C. Interest Rate Fluctuations D. A Car Accident
D. A Car Accident
This is NOT one of the four P's of Marketing.
A. Promotion B. Product C. Planning D. Place
D. Planning
What is the first step you should take when resolving an ethical dilemma?
A. Figure out who's Affected.
B. Identify the Dilemma.
C. Consider all your Potential Actions.
D. Reflect on the Outcome.
B. Identify the Dilemma.
A small business owner receives notice that the business's monthly rent will increase next year. The owner should include this increase in an estimate of next year's
A. Projected Income
B. Operating Costs
C. Sales Revenues
D. Inventory Costs
B. Operating Costs
The goal of channels of distribution is to move products from producers to?
A. Intermediaries
B. Final Consumers
C. Industrial Distributors
D. Middlemen
B. Final Consumers
The Food and Drug Administration, or FDA, tests foods, cosmetics, and drugs to prevent the sale of unsafe items. What type of government controls this?A. Monopoly B. Licensing C. Regulatory D.Wage/Price
C. Regulatory
During which of the following steps do researchers transfer coded questionnaire data to the computer:
A.Discarding
B.Analyzing
C.Reviewing
D.Transcribing
D. Transcribing
What is an important social and cultural factor that has an impact on global trade?
A. Technology
B. Language
C. Politics
D. Economics
B. Language
Corporate governance is primarily concerned with __________ desires.
A. Vendors
B. CEOs
C. Stakeholders
D. Competitors
C. Stakeholders
Which of the following is a legal concept that affects businesses that operate in foreign countries?
A. Sovereign Immunity
B. Eminent Domain
C. Absolute Privilege
D. Social Responsibility
A. Sovereign Immunity
Silence is an effective negotiating technique to use with a vendor when a business wants the vendor to:A. Initiate a gridlock B. Maintain its Authority C. Obtain Leverage D. Make a Concession
D. Make a Concession
One of the reasons that direct mail is frequently used as a promotional method by hotels/motels is that
A. Direct Mail is Inexpensive.
B. Direct Mail is Impersonal.
C. Hotels/Motels Focus on Having Guests Return.
D. Hotels/Motels Usually Keep Guest History Records.
D. Hotels/Motels usually keep guest history records.
Which of the following equations should employees know when they are verifying the accuracy of a business's balance sheet:
A. Assets = Liabilities + Owner's Equity
B. Owner's Equity = Available Cash - Liabilities
C. Assets = Owner's Equity - Liabilities
D. Owner's Equity = Liabilities + Available Cash
A. Assets = Liabilities + Owner's Equity
Basic torts relating to business often involve disputes concerning?
A. Emotional Stress
B. Assaults
C. Defamation
D. Contracts
D. Contracts
Six Sigma focuses on managing quality throughout the organization by focusing on:
A. Creativity and Innovation.
B. Discipline and Measurement.
C. Customization and Innovation.
D. Accountability and Creativity.
B. Discipline and Measurement
Many businesses that have a small sales staff and a limited advertising budget often consider it worthwhile to
A. Develop Television Commercials
B. Participate in Trade Shows
C. Sponsor Major Sporting Events
D. Buy Space on Billboards
B. Participate in Trade Shows
Which of the following is an example of primary hospitality and tourism market information:
A. Financial statements provided in annual reports
B. Automated guest history records that can be shared by affiliated businesses
C. Reservation records and registration information
D. Free reception for frequent travelers in which feedback is collected
D. Free reception for frequent travelers in which feedback is collected
The Money for You Bank recently merged with the Keeping You Safe Insurance Company. The merger is an example of __________ in the finance industry.
A. Licensing
B. Consolidation
C. Tactical Planning
D. Convergence
D. Convergence
Which of the following statements is true about new venture risk-taking
A. When an entrepreneur seeks a high profit, the risk is usually higher
B. When the entrepreneur seeks to limit risk, the reward tends to increase
C. An entrepreneur's financial risk is not closely related to rewards.
D. The entrepreneur who does not care about profit is a high risk-taker
A. When an entrepreneur seeks a high profit, the risk is usually higher
Patty, a buyer for a large retail chain, places a paper-goods order with Sheets Paper Company, one of five paper suppliers she uses, because Sheets has the best prices and can ship the order tomorrow. This is an example of a(n) ___________ order.
A. Blanket
B. Open
C. Prepaid
D. Standing
B. Open
Which of the following is an example of an affinity partnership:
A. An airline offers frequent flyer miles to travelers
B. A credit card company offers cards with sports teams’ logos
C. A restaurant gives discounts to whose who join its rewards program
D. A bank pays to have its name on a local concert venue
B. A credit card company offers cards with sports teams’ logos
Why would a graphic designer for an amusement park find the color image of the park on a computer screen to be different from the park's actual color?
A. Software lacks the capability to depict true colors.
B. The color wheel was not compared with the computer image.
C. Color reproduction processes define different visible areas.
D. Color rendition requires CAD-CAM capabilities.
C. Color reproduction processes define different visible areas.
You received a check on your birthday for $2,000. If you invest it at an annual rate of 3%, how much will it be worth in a year?
A. $6,000
B. $2,000
C. $2,060
D. $2,600
C. $2,060
ast three years to evaluate changes and trends in the business's revenue. What type of business analysis is the employee conducting?
A. Production
B. Financial
C. Information management
D. Sales
B. Financial