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100

Charlie has a great idea for a new website, but he isn't sure if there is a demand for it. Charlie needs to:

  1. Consult external resources

  2. File for a patent

  3. Obtain funding

  4. Develop his business plan




Consult external resources

100

What is the primary reason why a budget is an essential financial tool for a company?

  1. A budget helps a company identify business opportunities

  2. A budget helps company predict company growth

  3. Money is a limited resource, so it must be carefully managed

  4. Money is an unlimited resource, so it must be carefully managed


Money is a limited resource, so it must be carefully managed

100

Which of the following is a downside of electronic information storage:

  1. Information can be more quickly sorted.

  2. It’s more costly to store information electronically.

  3. Files take up too much storage space.

  4. Too much information can lead to overload.


It’s more costly to store information electronically

100

When setting marketing objectives, businesses should make sure that the objectives are reasonable based on:

  1. available resources.

  2. management styles.

  3. industry standards.

  4. promotional methods.




available resources

100

What is the name of the actress who just died this week?  She was in Buffy the Vampire Slayer, and Gossip Girl.


Michelle Trachtenberg

200

Carlos is thinking through the requirements he needs for his new business. Looking at his business plan, he sees that he needs to consider administrative startup costs. Which of the following would fall in that category:

  1. Employee benefits

  2. Business permits

  3. Marketing materials

  4. Internet access


Business permits

200

When businesses invest funds to expand, they are involved in the process of

  1. Capitalism

  2. Selling

  3. Depreciation

  4. Finance


Finance

200

The most efficient way to verify a customer’s shipping address is by:

  1. checking their social media profile(s).

  2. mailing a letter of inquiry.

  3. asking a coworker.

  4. calling the customer.


calling the customer

200

Procter & Gamble’s decision to offer different types of soaps in a wide range of prices is an example of:

  1. industrial marketing

  2. geographic segmentation.

  3. market segmentation.

  4. direct marketing.


market segmentation

200

What is the date of daylight savings; we will move the clock forward.

Sunday, March 9th

300

One characteristic of all capital resources is that they:

  1. Are made by people 

  2. Occur naturally

  3. Are not mobile

  4. Do not diminish in value


Are made by people

300

Which of the following phrases is most likely to be listed in an official job description:

  1. “Possess an associates degree or higher”

  2. “Able to work closely with others”

  3. “Have 10-15 years experience

  4. “Edit company newsletter”


Have 10-15 years experience

300

Which of the following is a true statement regarding the effect of technology on business:

  1. Technology has raised costs.

  2. Technology has lessened competition among businesses.

  3. Technology can spawn new industries.

  4. Technology has allowed almost every U.S employee to telecommute.


Technology can spawn new industries

300

Businesses often select marketing metrics that will help them compare current market share with:

  1. market potential.

  2. brand recognition.

  3. transaction size.

  4. inventory turnover.


market potential

400

For an accounting system to be useful to the business, the accounting information it contains must be: 

  1. Approved by the chief executive officer

  2. Posted by an accountant

  3. Accurate and up-to-date

  4. Recorded using the accrual method


Accurate and up-to-date

400

In his outline, Kevin used the verbs “Search” and “Selecting” in different subheadings. What is the issue that he must fix?

  1. His verbs are weak.

  2. Verbs should not be used in an outline

  3. His outline isn’t parallel

  4. He should only use one verb throughout




His outline isn’t parallel

400

Your friends tell you that reading books is more fun than watching television. This is a(n):

  1. fact.

  2. opinion.

  3. statistics.

  4. criticism.


opinion

400

Which of the following is an external threat that a company might identify while conducting a situation analysis:

  1. Falling interest rates

  2. Increasing GDP

  3. Declining unemployment

  4. Rising inflation rate


Falling interest rates

400

What is the acronym DOGE spell out?


Department of Government Efficiency

500

Which of the following is a type of financial statement that accountants prepare for a business:

  1. Credit card statement

  2. Balance sheet

  3. Delivery receipt

  4. Sales invoice


Balance sheet

500

Which of the following is a trend in information management:

  1. Decreased competition

  2. Increased compliance laws and regulations

  3. Increased number of workers in the office

  4. Decreased number of electronic documents


Increased compliance laws and regulations

500

Heather is writing a report about a controversial issue—the death penalty. Which of the following sources is a good choice for Heather’s research:


  1. An article from the current issue of the Time magazine

  2. A press release from a group of anti-death penalty activists

  3. A blog post from a professor of economics at Harvard

  4. An article from a 2005 edition of the New York Times


An article from the current issue of the Time magazine

500

New competition moving into your area is a(n)

  1. threat.

  2. opportunity.

  3. weakness.

  4. strength.


threat

500

Who is the 'acting administrator' for DOGE?


Elon Musk