Basic Business Information MCQ
1. With the _____ approach, an organization chooses an outsourcing company in the same country.
Answer
Correct Answer:
Onshore outsourcing
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2. Through e-government, _____.
Answer
Correct Answer:
Any government unit, business or individual can interact with the government
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3. Applied formatting affects ____ publication(s).
Answer
Correct Answer:
The current
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4. A firm considers _____ to increase size and market power within the industry.
Answer
Correct Answer:
Horizontal mergers
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5. One of the most important reasons for ethernet standards is it ________.
Answer
Correct Answer:
Assure equipment from different manufacturers is compatible
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6. When microsoft copyrighted its windows software, it established a(n) ____ monopoly.
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7. Writers use coordination to do all of the following except __________.
Answer
Correct Answer:
Create parallel structure
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8. In addition to not parking where signs prohibit it, you should never park __________________.
Answer
Correct Answer:
All of the above
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9. Dimming a component is also called ____ the component
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10. After receiving a license, 16 year olds may not drive between _________.
Answer
Correct Answer:
11 p.m. and 6 a.m.
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11. ____________ is the temporary withdrawal of a person's license or driving privileges.
Answer
Correct Answer:
Suspension
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12. _____ can be defined as the combination of benefits received and costs paid by the customer.
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13. A(n) ________ is a type of entrepreneur who prefers to keep his or her business small.
Answer
Correct Answer:
Micropreneur
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14. A _____ is primarily focused on planning and selling.
Answer
Correct Answer:
Business plan
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15. A _____ is a situation requiring the purchase of a product for the first time.
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16. A share of a company's profits paid to an investor is called a ________.
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17. Your business plan projections should be ________.
Answer
Correct Answer:
Realistic and attainable
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18. Writing a business plan can ensure that you ________.
Answer
Correct Answer:
Figure out how to make your business work
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19. When you start your business your ________ will guide the business operations and decisions.
Answer
Correct Answer:
Core beliefs
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20. When you build a brand, try to focus tightly on one key ________.
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21. Total revenue divided by ________ = units sold.
Answer
Correct Answer:
Selling price
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22. Total cost of goods sold per unit consists of ________.
Answer
Correct Answer:
Materials cost per unit plus labor cost per unit
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23. To help determine whether your business will be profitable, calculate the ________.
Answer
Correct Answer:
Economics of one unit
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24. To help companies reduce age discrimination, their managers can ____.
Answer
Correct Answer:
Ensure that younger and older workers interact with each other
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25. The two general categories of business models are ________ and ________.
Answer
Correct Answer:
Standard; disruptive
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26. People supporting a business on a crowdfunding site like kickstarter ________.
Answer
Correct Answer:
Are making a donation
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27. Intrapreneurs make use of __________ to develop and launch new products and generate new profits.
Answer
Correct Answer:
Their employer's existing human, financial, and physical resources.
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28. Income statement projections realistically ________ in the first few months of operations.
Answer
Correct Answer:
Show losses
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29. In the late 1800s organization among farmers resulted in _____
Answer
Correct Answer:
More regulation of railroad and grain elevator rates
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30. In the last decade of the century, ____ became a major force in the economy in regard to business.
Answer
Correct Answer:
The Internet
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31. Important factors to investigate regarding the business to be purchased include ________.
Answer
Correct Answer:
All of these
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32. Good marketers know that a(n) ________ is the heart of the marketing plan.
Answer
Correct Answer:
Analysis of the market
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33. Expressing concern for social issues by giving money, time, or advice is called ________.
Answer
Correct Answer:
Philanthropy
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34. Defining the organizational mission forces managers to identify ________.
Answer
Correct Answer:
What the competitor is doing
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35. Critical to the business case is the identification of both _________ and ________.
Answer
Correct Answer:
Costs, benefits
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36. C corporations, s corporations, and llcs can be ________ to establish.
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37. Based on the contingency approach, to define performance _______ goals can be used in most jobs.
Answer
Correct Answer:
Behavioral
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38. Bankers and potential investors are likely to read __________ first.
Answer
Correct Answer:
The executive summary
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39. All of the following are reasons why people start small businesses except ________.
Answer
Correct Answer:
Reduced levels of responsibility
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40. After harvesting, many entrepreneurs experience conflicts that are _____ in nature.
Answer
Correct Answer:
Emotional
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41. A(n) ________ is a company's plan to generate revenue and make a profit from operations.
Answer
Correct Answer:
Business model
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42. A(n) ________ is a 15- to 30-second summary of your business.
Answer
Correct Answer:
Elevator pitch
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43. A small business advantage is ________
Answer
Correct Answer:
The ability to quickly adapt to customer needs.
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44. A growth strategy that attracts users of competitive brands is called a ________ strategy.
Answer
Correct Answer:
Product penetration
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45. A firm's good reputation for quality customer service is categorized as its _____.
Answer
Correct Answer:
Intangible resources
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46. A disadvantage to joining a family business is that _____.
Answer
Correct Answer:
Family relationships may be negatively affected
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47. A competitive analysis is an important component of ________.
Answer
Correct Answer:
Opportunity analysis
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48. A company's mission statement should be placed in the ________ section of its business plan.
Answer
Correct Answer:
Company description
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49. A ________ is a group of people who would be interested in buying a given product or service.
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50. ________ is the primary market for u.s. franchisers.
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51. ________ is the first, or "big picture," level of planning.
Answer
Correct Answer:
Strategic planning
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52. _____ is the only business function that is directly responsible for creating sales and revenue.
Answer
Correct Answer:
Marketing
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53. _____ is an element of the management activity in a business.
Answer
Correct Answer:
Production
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54. _____ have the most freedom from government regulation.
Answer
Correct Answer:
Sole proprietorships
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55. _____ can be a better way to sell items that rely on personal selling skills.
Answer
Correct Answer:
Traditional commerce
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56. ____ are primarily interested in the company's margins and cash flow projections.
Answer
Correct Answer:
Bankers/lenders
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57. All of the following are common organizational strategies except __________
Answer
Correct Answer:
Sentence structure
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58. All of the following are benefits that can be attributed to outsourcing, except ________.
Answer
Correct Answer:
Reducing quality
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59. All of the following are advantages of forming a corporation except ________.
Answer
Correct Answer:
Ease of set up
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60. A swot analysis is often included in the ________.
Answer
Correct Answer:
Situation analysis
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61. _____________ studied how the characteristics of the job itself affected worker motivation.
Answer
Correct Answer:
Frederick Herzberg
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62. If you put off making a decision or performing a task, you are _______.
Answer
Correct Answer:
Procrastinating
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63. Clothing manufacturers typically prefer _____ distribution.
Answer
Correct Answer:
Selective
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64. Analysis of the external environment of an organization identifies the organization's ________.
Answer
Correct Answer:
Opportunities and threats
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65. Analysis of a firm's internal environment identifies the firm's ________.
Answer
Correct Answer:
Strengths and weaknesses
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66. An agreement to share in the control and ownership of a new enterprise is known as a/an _____.
Answer
Correct Answer:
Joint Venture
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67. An advantage of rating performance based on outcomes is that _____.
Answer
Correct Answer:
Reliability is increased by providing specific behavioral examples to reflect effective and less effective behaviors
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68. A visual representation of an organization's structure is also known as the _______.
Answer
Correct Answer:
Organization Chart
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69. A sample standard deviation is the best point estimate of the ___________.
Answer
Correct Answer:
Population standard deviation
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70. A narrow span of control ________.
Answer
Correct Answer:
Is expensive because it adds levels of management
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71. A music download costs $1.00 for one song. $1.00 is an example of _____ .
Answer
Correct Answer:
A retail price
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72. A firm's ________ expresses the number of times per year the business sells all of its inventory.
Answer
Correct Answer:
Inventory turnover ratio
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73. A firm's _____ resources are also known as labor.
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74. A firm's _____ is the percent of the total market for a product that is controlled by that company.
Answer
Correct Answer:
Market share
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75. A business plan can help a company ________.
Answer
Correct Answer:
All of the above
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76. A ____________ is a clear and lofty sense of why a business exists.
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77. __________ involves computers directly in the production process.
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78. ________ strategies emphasize both new products and new markets to achieve growth.
Answer
Correct Answer:
Diversification
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79. All of the following except ________ would be an advantage to partnership.
Answer
Correct Answer:
Unlimited liability
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80. For product-based businesses, ________ often represents their largest capital investment.
Answer
Correct Answer:
Real estate
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81. Advantages to buying an existing business that you do not have with a startup include ________.
Answer
Correct Answer:
Inventory is in place and trade credit is established
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82. A type of business system is the ____, which is used to improve decision making.
Answer
Correct Answer:
Decision support system (DSS)
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83. Objectives during a sales call include making the customer ________.
Answer
Correct Answer:
All of the above
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84. Application software that is intended for use in a specialized business environment is called ____.
Answer
Correct Answer:
An industry-specific application
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85. When the federal reserve board sells government securities, _____.
Answer
Correct Answer:
The money supply in the economy decreases
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86. ____ is the process of moving an organization toward its vision.
Answer
Correct Answer:
Strategic planning
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87. The balanced scorecard system requires management to consider ________.
Answer
Correct Answer:
Both financial and operational performance measures
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88. The balanced scorecard method is based on __________ dimensions of a firm's performance.
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89. The balanced scorecard approach to control ____
Answer
Correct Answer:
Forces managers at each level of the company to set specific goals and measure performance in each of four areas
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90. The balance sheet should be thought of as the ____ of the organization.
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91. The term used to describe the benefits produced by a merger or acquisition is _____.
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92. Some people argue that _____ is the most difficult and most important part of strategic management.
Answer
Correct Answer:
Strategic execution
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93. ________ are a set of activities an organization performs in order to reach their business goals.
Answer
Correct Answer:
Business processes
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94. Corporate social performance is depicted as an _____ variant of corporate social responsibility.
Answer
Correct Answer:
Outcome-oriented
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95. The three primary reasons startups need funding are ________.
Answer
Correct Answer:
Cash flow challenges, capital investments, and lengthy product development cycles
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96. The standards to which performance is compared come from ___________.
Answer
Correct Answer:
The planning process
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97. The feasibility analysis includes all of the following except ____.
Answer
Correct Answer:
Investor analysis
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98. Mcgregor recognized that ________.
Answer
Correct Answer:
Their attitude toward workers affected how managers proceeded to motivate
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99. In general, industries are more attractive when the ________.
Answer
Correct Answer:
Threat of each of the five forces is low
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100. In addition to the price of the auto, ____ may be a price variable in an auto negotiation.
Answer
Correct Answer:
All of these
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101. For most people, experiencing stress is _______.
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102. Creating new jobs, inventing new products, and opening new stores are actions of a(n) _____.
Answer
Correct Answer:
Entrepreneur
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103. Conditions that could negatively affect a company's competitive capability are called ________.
Answer
Correct Answer:
External threats
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104. Companies that rely on bureaucratic control tend to ____.
Answer
Correct Answer:
Be highly resistant to change
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105. When the census bureau is the source of your data, you are conducting ____ research.
Answer
Correct Answer:
Secondary
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106. When no historical data are available, _____ is the sole basis for predicting future demands.
Answer
Correct Answer:
Judgmental forecasting
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107. When buying a home, it is important to factor in future costs, like ___________.
Answer
Correct Answer:
Utility costs
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108. When a not-for-profit corporations dissolves, its assets are ________.
Answer
Correct Answer:
Given to a similar not-for-profit group
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109. When a firm tries to differentiate its products, it often applies a concept known as ________.
Answer
Correct Answer:
Positioning
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110. When a company uses the perpetual inventory system _________.
Answer
Correct Answer:
The Merchandise Inventory account is debited for purchases of goods that the company intends to resell to customers
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111. Using technology to sell ________.
Answer
Correct Answer:
Can be useful in helping you communicate your product to the customer and to stay in
Touch with the customer
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112. Trust, respect, and _______ are the building blocks of a good business relationship.
Answer
Correct Answer:
Mutual support
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113. Top management has a major impact on the organization's culture by ________.
Answer
Correct Answer:
Establishing norms that filter down through the organization
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114. Today, _____ and _____ are often combined into a single system.
Answer
Correct Answer:
Computer-aided design; computer-aided manufacturing
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115. To form a sole proprietorship, ________ is required.
Answer
Correct Answer:
A local business license
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116. Through equity financing, stockholders become _________ of the firm.
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117. The value chain is the sequence of business functions in which ________.
Answer
Correct Answer:
Usefulness is added to the products or services of an organization
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118. The unemployment rate is defined as the ________ divided by the ________.
Answer
Correct Answer:
Unemployed; number in the labor force
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119. The two major forms of workforce diversity are ________ and ________.
Answer
Correct Answer:
Surface-level diversity; deep-level diversity
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120. The three approaches to control are ________.
Answer
Correct Answer:
All of the above
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121. The three "tests" associated with a business plan are ________.
Answer
Correct Answer:
All of the above
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122. The sources and uses table is a part of the ___________ of the business plan
Answer
Correct Answer:
Offering section
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123. The purpose of identifying your audience's questions about your product is to _____.
Answer
Correct Answer:
Identify the purpose of your advertisement
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124. The positive effects of allowing employees to manage workflow is that _______.
Answer
Correct Answer:
Overall, the level of productivity increases
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125. The physical products that a business offers are called ________.
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126. The organizational strategy should ideally _____ the is strategy.
Answer
Correct Answer:
Complement
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127. The need __________ would be classified as a social need.
Answer
Correct Answer:
To feel accepted and loved
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128. The most visible part of the marketing mix, which can be very expensive, is ________.
Answer
Correct Answer:
Promotion
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129. The most common form of direct-mail format is a _____.
Answer
Correct Answer:
Sales letter
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130. The middlemen in a distribution channel are sometimes called ________.
Answer
Correct Answer:
Wholesalers
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131. The lower-order needs of maslow's hierarchy of needs include physiological, safety, and __________.
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132. The is department has responsibility for all of the following functions except ____________.
Answer
Correct Answer:
Prosecute hackers
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133. The inuit have dozens of words for what we typically call snow. this is an example of ____________.
Answer
Correct Answer:
Linguistic relativism
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134. The introductory stage will be followed by a _____ stage for a successful product.
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135. The industry in which a new venture will operate is the business's ____.
Answer
Correct Answer:
External environment
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136. The foundation of every business is ________.
Answer
Correct Answer:
Satisfying the customer through a customer-driven marketing strategy
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137. The focus of a small company's marketing plan should be on ________.
Answer
Correct Answer:
The customer.
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138. The first step in developing the promotion program is to __________.
Answer
Correct Answer:
Identify the target audience
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139. The first place an entrepreneur should look for startup capital is ________.
Answer
Correct Answer:
His own savings
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140. The first phase of determining where to locate a business is ________.
Answer
Correct Answer:
Determining which regions of the country are experiencing growth
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141. The first organizing decision that an entrepreneur must make is the ________.
Answer
Correct Answer:
Form of legal ownership
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142. The financial manager for a typical corporation is responsible for ________.
Answer
Correct Answer:
Determining the most appropriate sources and uses of funds
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143. The financial analysis component of a business plan is to describe _____.
Answer
Correct Answer:
All of these
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144. The fact that joe works nine hours per day is an example of ________.
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145. The due diligence process of analyzing and evaluating an existing business ________.
Answer
Correct Answer:
May be just as time consuming as the development of a comprehensive business plan for a start-up.
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146. The drawback to personal selling is _____.
Answer
Correct Answer:
Its high cost
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147. The department that hires, trains, and develops company employees is called ________.
Answer
Correct Answer:
Human resources
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148. The cost of raw materials used to produce a good or service represent the firm's ________ costs.
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149. The chance of losing time, money, reputation, etc. is known as __________.
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150. The best organizational structure is the one that ________.
Answer
Correct Answer:
Facilitates the firm's goals and is appropriate to its industry, size, technology, and competitive environment
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151. The best business opportunities often combine both ________ and ________.
Answer
Correct Answer:
Internal; External
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152. The ________ problem occurs when supervisors tend to rate all their subordinates consistently low.
Answer
Correct Answer:
Strictness.
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153. The ________ is a short overview of the entire business plan.
Answer
Correct Answer:
Executive summary
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154. The ________ addresses the roles of the community, region, nation, and world in a business.
Answer
Correct Answer:
Environmental analysis
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155. The _____ is an organization's ability to achieve multiple objectives at the same time.
Answer
Correct Answer:
Genius of the and
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156. The _____ for an accountant is between $40,000 and $50,000.
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157. The _____ exerts the strongest influence on the act of communication.
Answer
Correct Answer:
Communicator's particular context
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158. Teenage entrepreneurship is growing especially in the _____ industry.
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159. Technical skills that apply to the business at hand are most often necessary at __________.
Answer
Correct Answer:
Lower levels of management
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160. Taco bell's predominant pricing strategy is _______.
Answer
Correct Answer:
Customer-oriented
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161. Successful managers tend to be better at ________.
Answer
Correct Answer:
Helping others achieve goals rather than themselves
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162. Successful businesses are built on ________.
Answer
Correct Answer:
Repeat business
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163. Some organizations fail to make the connection between training and _____.
Answer
Correct Answer:
An organization's goals
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164. Sole proprietorships have all of the following advantages except ________.
Answer
Correct Answer:
Unlimited life
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165. Small business owners can seek professional advice at no cost through ________.
Answer
Correct Answer:
The Service Corps of Retired Executives
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166. Similar to how large businesses proceed, small businesses make marketing decisions ____________.
Answer
Correct Answer:
Before a product is developed or store is opened
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167. Service or product quality is most likely to be crucial in a business plan for _____.
Answer
Correct Answer:
Potential customers
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168. Salespeople often are paid a _______ based on a percentage of their sales.
Answer
Correct Answer:
Commission
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169. Promotional pricing tactics include __________.
Answer
Correct Answer:
discounts, special-event pricing, and limited time offers
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170. Profits allow a company to ________.
Answer
Correct Answer:
Increase productivity
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171. Profit is the reward for business in exchange for the ____ taken in providing products.
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172. Profit incentivizes _____.
Answer
Correct Answer:
Entrepreneurs
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173. Professional careers in information systems require all of the following except ________.
Answer
Correct Answer:
A degree in computer engineering
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174. Price should reflect the organization's ________.
Answer
Correct Answer:
All of the above
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175. Possible explanations for or solutions to a problem are termed as _____.
Answer
Correct Answer:
Hypotheses
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176. Porter's competitive forces model includes _________ forces that impact every organization.
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177. Poor business processes is an example of the ________ dimension of business problems.
Answer
Correct Answer:
Organizational
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178. Political behaviors usually ________.
Answer
Correct Answer:
Lie outside of an individual's specified job requirements.
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179. Planning gives organizations a way to deal with change that ________.
Answer
Correct Answer:
Reduces uncertainty
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180. People you think might be receptive to your sales presentation are called ________.
Answer
Correct Answer:
Prospects
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181. People aged __________ are the most entrepreneurially active in the united states.
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182. Owning ten stocks rather than two illustrates the concept of ________.
Answer
Correct Answer:
Diversification
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183. Outsourcing some production is a means of _________ a capacity constraint.
Answer
Correct Answer:
Overcoming
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184. Organizing a successful firm in a market economy has become ________ over the last century.
Answer
Correct Answer:
More difficult
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185. Of minority groups in the united states, ________ own the most small businesses.
Answer
Correct Answer:
Hispanics
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186. Odd prices often suggest __________ to consumers.
Answer
Correct Answer:
Low quality
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187. Most workers learn what is expected as far as performance on the job from group ________.
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188. Most small businesses are more _____ than _____.
Answer
Correct Answer:
Imitative; innovative
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189. Mixing _______ with ________ improves creativity.
Answer
Correct Answer:
Opinion; fact
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190. Members of the marketing team are most often involved with ________.
Answer
Correct Answer:
Sales promotions, public relations, and advertising
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191. Market planning is a type of ________.
Answer
Correct Answer:
Functional planning
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192. Japanese managers tend to be ____ in their decision-making style when compared with u.s. managers.
Answer
Correct Answer:
More participatory
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193. It typically requires at least ________ years to develop a company worth harvesting.
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194. In regard to firm growth, evidence shows that ________.
Answer
Correct Answer:
Relatively few firms generate sustained growth
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195. In porter's five forces model, the threat of new entrants concerns the danger of ________.
Answer
Correct Answer:
Customers taking their business elsewhere
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196. In a large corporation, shareholder responsibilities include ________.
Answer
Correct Answer:
Electing a board of directors
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197. In a generic value chain, a firm's after-sales service will be referred to as its _____.
Answer
Correct Answer:
Primary activity
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198. In a ________ structure each business unit has complete autonomy to reach its goals.
Answer
Correct Answer:
Divisional
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199. In _____, many firms compete by selling differentiated products.
Answer
Correct Answer:
Monopolistic competition
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200. If a firm can earn ________, the firm is creating value for its shareholders.
Answer
Correct Answer:
Above-average returns
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201. Giving consumers larger quantities at a low price would help taco bell regain _____.
Answer
Correct Answer:
Competitive advantage
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202. Every person has the _____ and _____ to pursue a career as an entrepreneur.
Answer
Correct Answer:
Potential; free choice
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203. Ethics are the standards of right and wrong set for us by society, whereas the law is __________.
Answer
Correct Answer:
The minimum protection a society enacts toward behavior that is harmful to many
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204. Ethics are _____.
Answer
Correct Answer:
Moral principles
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205. Deciding the sequence of operations a company will use to create its product is called ________.
Answer
Correct Answer:
Process planning
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206. Customers' perceptions of a product are called the product's _____.
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207. Both job order costing and process costing ________.
Answer
Correct Answer:
Have the same type of product costs
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208. ________ is a set of principles concerned with reducing waste and improving flow.
Answer
Correct Answer:
Lean production
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209. ________ has helped small businesses compete with larger businesses.
Answer
Correct Answer:
Technology
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210. ________ cultures value hard work and promote entrepreneurial risk taking.
Answer
Correct Answer:
Individualist
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211. _____ refers to searching and capturing new ideas that lead to business opportunities.
Answer
Correct Answer:
Opportunity recognition
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212. _____ refers to a process in which two or more people get together to generate new ideas.
Answer
Correct Answer:
Brainstorming
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213. _____ is a marketing strategy that creates new products for present markets.
Answer
Correct Answer:
Market penetration
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214. _____ do not have the authority to make decisions.
Answer
Correct Answer:
Employee involvement teams
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215. _____ are an example of a fringe benefit provided by a company to its employees.
Answer
Correct Answer:
Pension plans
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216. ____ resources are used to meet obligations to investors and creditors.
Answer
Correct Answer:
Financial
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217. In the context of diverse workforces, _____ is a secondary characteristic of diversity.
Answer
Correct Answer:
Marital status
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218. Consumer ____________ is central to a capitalist economy.
Answer
Correct Answer:
Sovereignty
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219. Compared to cds, basic savings accounts are _____ liquid and have _____ interest rates.
Answer
Correct Answer:
Less; higher
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220. Asset-based borrowing permits small businesses ________.
Answer
Correct Answer:
To use normally unproductive assets such as accounts receivable and inventory
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221. Assembly processes are ________ activities.
Answer
Correct Answer:
Operations and manufacturing
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222. Any space free of text or artwork, both in print and online, is referred to as ________ space.
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223. Antitrust laws _____ competition, and patents _____ competition.
Answer
Correct Answer:
Increase, decrease
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224. Another name for a manufacturer's brand is a(n) __________ brand.
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225. An investor who invests money into your business in exchange for equity receives ________.
Answer
Correct Answer:
A share of ownership of the business
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226. An increase in quantity supplied is represented by _____.
Answer
Correct Answer:
An upward movement along the supply curve
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227. An experimental study is one that _____.
Answer
Correct Answer:
Involves manipulation of one or more variables to determine the effect on another variable
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228. An existing business can be for sale because _____.
Answer
Correct Answer:
All of the above
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229. An effective business document should ____.
Answer
Correct Answer:
All of the above
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230. All of the following except ________ will make your business messages more effective.
Answer
Correct Answer:
Discussing personal issues and complaining about problems
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231. All of the following except ________ will help you plan effective email messages.
Answer
Correct Answer:
Ignoring the chain of command
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232. All contracts can be categorized as either ___________ or __________.
Answer
Correct Answer:
Unilateral; bilateral
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233. A/an _______ is a mathematical statement that calculates a value.
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234. A(n) ________ is a collection of data that is stored within business records.
Answer
Correct Answer:
Repository
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235. A(n) _____ has a legal life of its own.
Answer
Correct Answer:
Corporation
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236. A prospect who _____ will say no during the first few calls to test the salesperson's persistence.
Answer
Correct Answer:
Objects because it is a matter of custom
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237. A partnership is a business organization owned by _____
Answer
Correct Answer:
Two or more individuals
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238. A partnership in which owners share managerial responsibilities is called a __________.
Answer
Correct Answer:
General partnership
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239. A net worth statement, insurance plan, and a budget are all part of a _____.
Answer
Correct Answer:
Financial plan
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240. A marketer focuses on a product's ________.
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241. A market structure with a large number of sellers who make differentiated products is called _____.
Answer
Correct Answer:
Monopolistic competition
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242. A legally protected brand is called a(n) ________.
Answer
Correct Answer:
Trademark
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243. A job task is a(n)________.
Answer
Correct Answer:
Observable unit of work with a beginning and an end
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244. A good or service purchased to satisfy personal and family needs is a(n) ________ product.
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245. A discount from the list, or retail, price offered to intermediaries is a(n) ____ discount.
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246. A company newsletter is an example of ________.
Answer
Correct Answer:
Internal PR
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247. A claim is ________; an adjustment is ________.
Answer
Correct Answer:
A formal complaint; a settlement of a claim
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248. A business opportunity is an idea, plus ________.
Answer
Correct Answer:
All of the above
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249. A ________ is what a customer gains from the product or service feature.
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250. A _____ is a document that thanks an interviewer and restates an applicant's interest in the job.
Answer
Correct Answer:
Thank-you letter
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251. A _____ can represent a digit, a letter, or a color.
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252. Business writing should be purposeful, economical, and _____________________.
Answer
Correct Answer:
Audience Oriented
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253. ________________ is the money a company generates through the sale of products and services.
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254. _______________ is the process of selling goods and services to individuals for their personal use?
Answer
Correct Answer:
Retailing
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255. ______________ is the amount an employee earns before payroll withholding is performed.
Answer
Correct Answer:
Gross pay
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256. ___________ are good places to look to find your current expenses when building your budget.
Answer
Correct Answer:
Banks and credit statements
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257. _________ is an important part of the total product offer for a product.
Answer
Correct Answer:
Packaging
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258. ________ are informal standards of conduct that members share and that guide member behavior.
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259. ______ is at the center of the diversity wheel.
Answer
Correct Answer:
Personality.
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260. _____ refer to the pay that employees receive over a fixed period, most often weekly or monthly.
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261. _____ offer(s) consumers incentives to accept advertising and e-mail voluntarily.
Answer
Correct Answer:
Permission marketing
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262. _____ means directing and motivating individuals to achieve organizational goals.
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263. _____ involves determining a structure for both individual jobs and the overall organization.
Answer
Correct Answer:
Organizing
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264. When the price level decreases, _____.
Answer
Correct Answer:
The demand for money falls and the interest rate falls
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265. ____ are particularly useful for individuals who need to scan barcodes while on the go.
Answer
Correct Answer:
Portable barcode readers
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266. A company logo would be an example of a ________.
Answer
Correct Answer:
Trade secret
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267. ________ is a traditional function of the mis department.
Answer
Correct Answer:
Managing systems development
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268. The best way to convince employers of your skills and abilities is to _____.
Answer
Correct Answer:
Provide a written list, such as in your resume
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269. A client-server relationship is the basic form of a _____.
Answer
Correct Answer:
Computer network
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270. ____________ is an example of a retailer whose merchandise mix is both wide and deep?
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271. A disadvantage of a franchise is that the franchise owner must _____.
Answer
Correct Answer:
Sacrifice some freedom in return for the parent company’s guidance
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272. Cohabitation is _____ and marriage rates are _____ with adults.
Answer
Correct Answer:
Increasing; decreasing
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273. An important feature of emergency operation plans is that they ________________________________.
Answer
Correct Answer:
Provide a uniform response to all hazards that a community may face.
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274. The business architecture describes __________.
Answer
Correct Answer:
The processes the business uses to meet its goals
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275. _____ is an example of transaction-processing system.
Answer
Correct Answer:
Automated payroll
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276. Alcohol-related collisions cost the american public about 114___________ dollars per year.
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277. _____ and fotolia are examples of web sites where you can download graphics and photos for a fee.
Answer
Correct Answer:
Shutterstock
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278. It is estimated that a first time dui costs roughly______ once all potential costs are factored in.
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279. During the 1980s, incompatible computer products resulted in ____.
Answer
Correct Answer:
All of these
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280. A fairly subtle approach to advertising is _____.
Answer
Correct Answer:
Product placement
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281. “like”, “um”, and “you know” are all examples of _____.
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282. _____ of all students who do not complete high school cannot find work.
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283. Folds are an example of ________.
Answer
Correct Answer:
Ductile deformation c.
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284. The best way to correct any new problems that arise because of a solution is to ________.
Answer
Correct Answer:
Address problems with a counterplan
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285. In order to make your career as mobile as possible, it is important to ________.
Answer
Correct Answer:
Expand your responsibilities by accepting new projects
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286. A(n) ____ converts all of the statements in a program in a single batch.
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287. Balance of payments is a ____ concept than balance of trade.
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288. A(n) ________ cost is one whose total amount changes in direct proportion to a change in volume.
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289. In the problem solving process, the first step is to try to ______.
Answer
Correct Answer:
Review your results
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290. Clarifying the issues of a problem is the _____ step in the problem-solving process.
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291. Unlike the united states, most countries across the globe rely on the _____ to measure units.
Answer
Correct Answer:
Metric system
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292. ____ is a fault-tolerance technique that links multiple servers together to act as a single server.
Answer
Correct Answer:
Clustering
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293. Studying a variety of ecommerce ____ helps to understand the true importance of ecommerce.
Answer
Correct Answer:
Implementation
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Business Information MCQs | Topic-wise
