Business Administration
Which of the following sources is most likely to be written for a specialized, informed audience on a
particular subject and may include information that is too advanced for casual readers:
A) Magazine
B) Book
C) Journal
D) Newspaper
B) Journal
The statement “All Americans are obese” is an example of
A) prejudice.
B) a stereotype.
C) bias.
D) a fact.
C) a stereotype.
Before recommending specific products or services to clients, what should a finance professional do?
A) Place a stop or buy order
B) Conduct a needs analysis
C) Develop a proxy statement
D) Conduct dollar cost averaging
B) Conduct a needs analysis
Wesley notices that his friend is upset, but he isn't sure why. He decides to use his ____ to make a reasonable judgment about why his friend might be troubled
A) Critical Thinking Skills
B) Self-Control
C) Empowerment
D) Victim Mentality
A) Critical Thinking Skills
Which of the following information about new employees are businesses required to report to the federal
government:
A) Address
B) Benefits
C) References
D) Compensation
A) Address
When Reggie and Louis are caught goofing off in the halls, they are both given a detention, even though
Reggie is older than Louis. This is an example of
A) Justice.
B) Discrimination.
C) Equality.
D) Empathy.
C) Equality
Why must the data collected in marketing research be analyzed?
A) To evaluate the worth of the data
B) To complete the data collection step
C) To make sure they are accurate
D) To make them useful to the business
D) To make them useful to the business
Consumer spending tends to decrease when
A) Business activities slow
B) An economic recession ends
C) Interest rates decrease
D) The inflation rate decline.
A) Business activities slow
Office supplies, computers, steel, and signage are examples of __________ resources that might be needed for projects.
A) perishable
B) donated
C) support
D) tangible
D) tangible
Zander owns a company that buys tea from other companies in China and sells it to grocery stores. Zander's company is a(n)
A) industrial user.
B) producer.
C) retailer.
D) wholesaler.
D) Wholesaler
The Barbados Dollar (BBD) is fixed to the U.S. Dollar at a rate of USD/BBD = 2. In other words, the Barbados Dollar is a __________ currency.
A) free-floating
B) pegged
C) gray
D) referral
B) pegged
A local hotel keeps a large supply of cleaning products, office supplies, and repair tools. These items are known as __________ inventory.
A) raw materials
B) finished goods
C) work-in-process
D) MRO
D) MRO
Jake is researching career trends in the field of accounting. Which of the following sources is most likely
to contain the most current, credible information:
A) An early edition of the Managerial Accounting in Practice textbook
B) The federal government's labor and workforce web site
C) An online newspaper article written by a well-known compliance expert
D) The latest edition of the Insurance News Monthly trade publication
B) The federal government's labor and workforce web site
Which of the following is an example of an unethical situation in advertising:
A) An alcohol company asks its website visitors to verify whether they are at least 21 years old.
B) Tre films videos promoting shoes he's received for free from a brand as if he purchased them.
C) Gail tags the business and labels her sponsored Instagram posts accordingly.
D) A digital game company doesn't require personal information for users under the age of 13
B) Tre films videos promoting shoes he's received for free from a brand as if he purchased them.
The three types of flows in supply chain management are material flow, information flow, and
__________ flow.
A) inventory
B) supply
C) money
D) distribution
C) money
Which of the following is the only true source of income for every member of a supply chain:
A) Raw materials used in manufacturing at the beginning of the supply chain
B) Profit generated from one supply chain member selling to another
C) Final customers who buy the supply chain's end product
D) Investments and loans used to finance the supply chain
C) Final customers who buy the supply chain's end product
Which of the following early 20th century events had the most positive impact on the growth of mass tourism:
A) The introduction of paid personal leave time for employees
B) A shift in focus from industrialism to agricultural pursuits
C) The development of an American passenger train system
D) Widespread access to computers and the Internet
A) The introduction of paid personal leave time for employees
Lower premiums and the ability to control the claims process are advantages of
A) captive insurance companies.
B) standard insurance companies.
C) traditional liability insurance policies.
D) reinsurance carriers.
A) captive insurance companies.
Which of the following situations is an example of SUGGING:
A) A salesperson offers a customer the opportunity to try an expensive product free of charge.
B) A telemarketer asks a customer if s/he knows anyone who would want to buy a certain product.
C) A marketer tells a customer that s/he is conducting research, and then begins a sales pitch.
D) A business promotes a product by sending samples to its customers without authorization.
C) A marketer tells a customer that s/he is conducting research, and then begins a sales pitch.
Troy has discovered an innovative technology with huge growth potential. He needs $1,000,000 in
funding and expert technical advice to launch his business venture. What funding source would be best
for him to pursue?
A) Commercial bank
B) Family and friends
C) Angel investor
D) Venture capitalist
D) Venture capitalist
Which of the following quality-control methods is primarily focused on eliminating waste:
A) Taguchi method/Robust design
B) Lean production
C) Concurrent engineering
D) Process performance management
B) Lean production
What is the purpose of the Travel Promotion Act of 2010?
A) To encourage travel in the U.S. and Canada
B) To track promotional activities in hospitality and tourism
C) To attract international visitors to America
D) To support price increases for hospitality and tourism services
C) To attract international visitors to America
What virtual-auditor reasoning technique is most likely to detect segregation of duties violations?
A) Incremental
B) Temporal
C) Symbolic
D) Cross-source
B) Symbolic
Which of the following is a situation in which horizontal conflict may occur among channel members:
A) Scrambled merchandising
B) Chargebacks
C) Direct selling
D) Franchisor restrictions on franchisees
A) Scrambled merchandising
A small-business owner is trying to decide whether to rent or buy office furniture. The monthly rental is $275 per
person, and there are six people who will need furniture. The cost of buying the furniture is $6,500 per person.
What would you advise the small-business owner to do?
A) Buy the furniture because rental costs will be less than the purchase price in 2.2 years.
B) Buy the furniture because rental costs will exceed the purchase price in 1.97 years.
C) Rent the furniture because rental costs are much less a year than the purchase price on an annual basis.
D) Rent the furniture because rental costs will be less than the purchase price for 3.4 years.
B) Buy the furniture because rental costs will exceed the purchase price in 1.97 years