Marketing
A company’s total liabilities are $300,000, and its owner’s equity is $200,000. What is the company’s total assets?
A. $100,000
B. $200,000
C. $300,000
D. $500,000
D. $500,000
Assets=Liabilities+Owner’s Equity
So
Assets=300,000+200,000=500,000Assets=300,000+200,000=500,000
Which of the following is a technique that can help you determine what your values are:
A. Brainstorming
B. Deducting
C. Guessing
D. Listening
A. Brainstorming
Brainstorming is a technique where you list ideas, thoughts, or priorities without judgment. It can help you explore what is truly important to you and clarify your personal values.
What might a business decide to do if the information in its sales forecast predicts a drop in demand for the business's product?
A. Reduce prices by 4%
B. Recruit 50 new employees
C. Increase production
D. Decrease advertising budget
A. Reduce prices by 4%
If a sales forecast predicts a drop in demand, the business may try to stimulate sales by lowering prices or offering promotions
Which aspect of a company's financial statements can provide information about its bottom line?
A. Cash flow trends
B. Earnings and revenue growth
C. Dividends paid
D. Liabilities
B. Earnings and revenue growth
A company’s bottom line refers to its net income (profit) the amount left after all expenses are subtracted from total revenue. This is shown on the income statement, which highlights earnings and revenue growth as key indicators of financial performance.
Which of the following are types of careers in business:
A. Surveyor and administrative assistant
B. Auditor and conservationist
C. Electrician and public relations specialist
D. Accountant and sales manager
D. Accountant and sales manager
Both are clearly business careers.
You are opening your first restaurant and want to get the word out about the grand opening and signature dishes. Which public relations tool would be most appropriate?
A. Press release
B. Trade show
C. Financial report
D. Newsletter
A. Press release
A press release is a public relations tool used to share important news with the media and the public, such as a grand opening or new products (like signature dishes). It helps generate publicity and attract customers.
To endorse a check, the payee must sign their name on the
A. check's memo line.
B. back of the check.
C. check's “Pay to the order of” section.
D. signature block of the check.
B. Back of the check
To endorse a check, the payee (the person receiving the check) must sign their name on the back of the check. This authorizes the bank to deposit or cash it.
Which of the following situations best demonstrates the justice view of fairness:
A. B. The soccer captain lets their best friend skip practice.
Every member of the Spanish Club has to fundraise $100.
C. All students must finish their exams in the same amount of time.
D. An employee with a back injury is given a special chair.
C. All students must finish their exams in the same amount of time.
treats everyone equally; aligns with the justice view.
In what type of market does the industry leader usually determine prices because there are relatively few sellers and it is expensive to enter the market?
A. Oligopoly
B. Monopolistic
C. Pure monopoly
D. Pure competition
A. Oligopoly
An oligopoly is a market structure where a few large firms dominate the industry. Because there are only a few competitors and it’s expensive to enter, the industry leader often sets prices, and the others usually follow.
Which of the following is a function of cost accounting budgets:
A. Understanding profitability
B. Controlling finances
C. Analyzing sources of income
D. Determining cash flow
Cost accounting budgets help a business control its finances by planning and monitoring how much money is spent on production, materials, and operations. They allow managers to compare actual costs to budgeted costs and make adjustments to stay within financial limits
A major characteristic of a market economy is __________ ownership of property.
A. monopolistic
B. limited
C. government
D. private
D. Private
A market economy is characterized by private ownership of property and businesses. Individuals and companies make decisions about production, investment, and distribution based on supply, demand, and profit motives.
A CRM system can help salespeople
A. manage their personal budget.
B. monitor their company's stock.
C. improve their personal selling.
D. keep track of their customers.
D. Keep track of their customers.
A CRM (Customer Relationship Management) system helps businesses and salespeople store and manage customer information, such as contact details, purchase history, and communication records. This makes it easier to build relationships and follow up with customers effectively
A local bank has gone into a partnership with a life insurance company. As a result, the bank will sell the company's insurance to its clients. This partnership is an example of
A. consolidation.
B. amalgamation.
C. bancassurance.
D. market extension.
C. Bancassurance
Bancassurance is a partnership between a bank and an insurance company where the bank sells the insurance company’s products (like life insurance) to its customers. This enables both companies to expand their services and reach a wider range of clients.
A Major Company decided to use a loss-prevention technique that would monitor employee activity in the business to detect theft as it takes place. What type of security device should Major Company implement?
A. Closed-circuit television
B. Undercover shoppers
C. Electronic sensors
D. Convex, one-way, and two-way mirrors
A. Closed-circuit television (CCTV)
CCTV is a loss-prevention tool that allows a business to monitor employee and customer activity in real time. This helps detect theft or suspicious behavior as it happens