Business Admin
When the audience wants to know which course of action to take, the writer of an analytical report should focus on:
A. Logical arguments.
B. recommendations.
C. progress.
D. external factors
B. recommendations.
Businesses usually invest in
A. bonds.
B. themselves.
C. stocks.
D. real estate
B. themselves.
A collaborative work environment contributes to an employee’s growth because s/he
A. Views the work environment positively
B. Earns more income
C. Learns from coworkers
D. Has the opportunity to work from home
C. Learns from coworkers
What is a characteristic that applies only to economic services?
A. Intangible
B. Physical
C. Scarce
D. Useful
A. Intangible
Which of the following are examples of intellectual property that a business can protect by registering trademarks:
A. Creative formulas and ideas
B. Original novels and movies
C. New products and processes
D. Distinctive names and symbols
D. Distinctive names and symbols
The process or activity of using goods is called
A. production.
B. consumption.
C. exchange.
D. distribution.
B. consumption.
What is one of the main reasons that employees behave unethically?
A. To become managers
B. To create positive customer relations
C. To do what everyone else does
D. To obtain publicity
C. To do what everyone else does
Chad needs to email sales data to both Ken and Sherri, but he doesn't want Ken to know that Sherri is
also receiving the message. What email function should Chad use to send the email to Sherri?
A. Autoresponder
B. Carbon copy
C. Attachment
D. Blind carbon copy
D. Blind carbon copy
To calculate total revenue, a business multiplies the number of units sold by
A. average price per unit.
B. marginal revenue.
C. fixed costs.
D. marginal costs.
A. average price per unit.
A company purchases an expensive new software system and divides the cost of it between the two departments that will use the system. This is an example of cost
A. allocation.
B. accumulation.
C. dividing.
D. precision.
A. allocation.
An automobile manufacturer in Country A purchases parts from a factory in country B. When country B suffers a massive earthquake, the automobile manufacturer is forced to put production on hold until it can find another factory to supply the parts. What type of risk does this situation illustrate?
A. Health and safety
B. Employee
C. Political
D. Environmental
D. Environmental
Large, nationwide retail chains often use which of the following types of buying systems:
A. Decentralized
B. Standardized
C. Centralized
D. Specialized
D. Specialized
Amira is trying to choose a financial institution. She likes to do her banking in person, and she wants to make sure she selects an institution that's customer friendly. She wants good interest rates and low fees, and she'd also prefer to invest with a not-for-profit institution. Amira should invest her money in a(n)
A. investment bank.
B. Internet bank.
C. commercial bank.
D. credit union.
D. credit union.
What type of financial statement includes an accounting of the shareholders' equity for a company?
A. Annual report
B. Income statement
C. Cash flow statement
D. Balance sheet
D. Balance sheet
Which of the following is an example of employees using groupware computer applications:
A. Dan, Kara, and Simon review their departments’ budgets, which are saved as different computer spreadsheets files
B. Craig, Tessa, and Lily use presentation software to guide a group discussion about their research project
C. Kelli, Juan, and Phil can access and make changes to the company production schedule from their home computers
D. Michelle, Jeff, and Aubrey uses the same desktop-publishing program to create advertisements and brochures for their companies
C. Kelli, Juan, and Phil can access and make changes to the company production schedule from their home computers
A business that places orders after reviewing written quotes provided by several suppliers is using the
__________ buying method.
A. lowest-price
B. blank-check
C. competitive-bid
D. standard-markup
C. competitive-bid
Rob has a job interview this afternoon. In the morning, he goes over his other job offers to figure out which job he will accept (and what the salary and benefits are) if this employer doesn't offer him a position. Rob is developing his
A. BATNA.
B. role.
C. walk-away point.
D. style.
A. BATNA.
(Best Alternative to a Negotiated Agreement)
When filing a tort against a business, the plaintiff must establish that the defendant
A. damaged property intentionally.
B. breached the duty of care.
C. conspired with a competitor.
D. violated the doctrine of sovereign immunity.
B. breached the duty of care.
When developing a request for quotation (RFQ) for prospective vendors, a business should always include
A. Prices and a purchase order
B. Specification and deadlines
C. Guidelines and discounts
D. Statistics and a checklist
B. Specification and deadlines
Which of the following is a measure of how well a business generates cash flow:
A. Accounts payable
B. Accounts receivable
C. Capital structure
D. Return on capital
D. Return on capital