BADM FINAL TEST REVIEW
QUESTIONS WITH CORRECT
ANSWERS
In 2019 Walmart sold $514 billion worth of products and earned a profit of $6.6
billion, make its _____________________________ 1.3% - ANSWER-net margin
The three most populous nations in the world (in order starting with the most
populous) are: - ANSWER-China, India, United States.
four words no punctuation:
Mattress maker XXXXX recently filed for a(n) XXXXX. - ANSWER-Casper, initial
public offering
Approximately _____ of U.S. economic output (GDP) is accounted for by American
consumer spending.
Select one:
a. 25%
b. half
c. two-thirds
d. 40%
e. three-quarters - ANSWER-c. two-thirds
1. China
2. Japan
3. United States
Choose the correct order of countries from highest per capita GDP to lowest per
capita GDP.
Select one:
a. 2-1-3
b. 1-2-3
c. 3-1-2
d. 2-3-1
e. 3-2-1 - ANSWER-e. 3-2-1
- US, JAPAN, CHINA
Some would say that stores like Dollar General and Family Dollar have a moral
responsibility to address the problem they call __________________________ (two
words). The term refers to the fact that these stores do not ordinarily carry fresh
vegetables and fruit, meaning that the poor neighborhood's residents have
inadequate access to good nutrition. Instead they routinely carry lots of chips and
Klondike bars. - ANSWER-food desert
,A(n) __________________________________ is an individual who creates a new
business, bearing most of the risks and enjoying most of the rewards. Such a person
is commonly seen as an innovator, a source of new ideas, goods, services, and
business/or procedures. - ANSWER-entrepreneur
1 Hispanic
2 Black-African American
3 Asian
4 Other
5 White not Hispanic
Which of the following sequences of numbers correctly arranges the U.S. population
from most to least?
Select one:
a. 23415
b. 12345
c. 52314
d. 53214
e. 51234 - ANSWER-e. 51234
- WHITE, HISPANIC, BLACK, ASIAN, OTHER.
Consumer spending accounts for approximately _____ of the U.S economic output
or GDP.
Select one:
a. one-third
b. two-thirds
c. half
d. three-quarters
e. one-fifth - ANSWER-b. two-thirds
What is the title of the corporate officer most responsible for deciding large corporate
issues like spinning off Smith and Wesson from American Outdoor Brands? (no
abbreviations) - ANSWER-chief executive officer
It does not take a University of Chicago Ph.D in economics to suspect that raising
the _________________________________ (three words f m w) to $15 per hour
would worsen the financial health of small businesses in the affected states. -
ANSWER-federal minimum wage
_____________________________ (one v word) is an enemy if your company is
making a product. The manufacturing process must be stable enough to produce
products within specification--like clothing sizes or crank shafts. - ANSWER-variation
Which of the following is true regarding the trust and confidence people place in big
business?
Select one:
a. Only six years ago, business was the most trusted institution.
b. The public's trust in big business is growing stronger.
, c. It's about the same as for small business--and higher than more then half the
institution if the Pew Research survey.
d. It's in the top five for the first time in fifty years.
e. It's not good--big business is ranked twelfth of fifteen institutions when it comes to
trustworthiness or integrity. - ANSWER-e. It's not good--big business is ranked
twelfth of fifteen institutions when it comes to trustworthiness or integrity.
_________________________ (two words S and M) refers to the decision making at
the highest levels of the company and the most pivotal issues the corporation faces.
One of our ten topics, CEOs and boards give careful consideration to SM. An
example would be what Ford intends to do about threats by Tesla and others to its
dominance in the pickup truck industry. - ANSWER-strategy/strategic management
Name the following in order: CEO CFO CMO.
_____________________________ nine words no punctuation - ANSWER-chief
executive officer, chief financial officer, chief marketing officer.
Name the stock index that begins with letter N. (six letters)
___________________________________. - ANSWER-NASDAQ
One of our ten business topics in the BADM120 course is defined as the
administration of business practices to create the highest level of efficiency possible
within an organization. Which is it?
Select one:
a. SM
b. MKTG
c. FIN
d. OM
e. MGMT - ANSWER-d. OM
According to The Wall Street Journal, younger workers feel lonely at the office.
Perhaps you can help when you become a manager. You might even think about
joining SHRM, abbreviation for ____________________________________ (five
words) to associate with other management professionals. - ANSWER-Society for
Human Resource Management
Manufacturing companies are having a difficult time finding/hiring qualified workers,
so they are offering such attractions as relocation payments, bonuses for signing,
YMCA membership, and free boots, just to name a few of the
__________________________________ (one p word plural) to hire them in the
tight labor market. - ANSWER-perks
three countries no punctuation:
XXXXX has lost its rank as the top U.S. trading partner,falling to third place behind
XXXXX and XXXXX. _______________________________ - ANSWER-- China
- Mexico
- Canada
QUESTIONS WITH CORRECT
ANSWERS
In 2019 Walmart sold $514 billion worth of products and earned a profit of $6.6
billion, make its _____________________________ 1.3% - ANSWER-net margin
The three most populous nations in the world (in order starting with the most
populous) are: - ANSWER-China, India, United States.
four words no punctuation:
Mattress maker XXXXX recently filed for a(n) XXXXX. - ANSWER-Casper, initial
public offering
Approximately _____ of U.S. economic output (GDP) is accounted for by American
consumer spending.
Select one:
a. 25%
b. half
c. two-thirds
d. 40%
e. three-quarters - ANSWER-c. two-thirds
1. China
2. Japan
3. United States
Choose the correct order of countries from highest per capita GDP to lowest per
capita GDP.
Select one:
a. 2-1-3
b. 1-2-3
c. 3-1-2
d. 2-3-1
e. 3-2-1 - ANSWER-e. 3-2-1
- US, JAPAN, CHINA
Some would say that stores like Dollar General and Family Dollar have a moral
responsibility to address the problem they call __________________________ (two
words). The term refers to the fact that these stores do not ordinarily carry fresh
vegetables and fruit, meaning that the poor neighborhood's residents have
inadequate access to good nutrition. Instead they routinely carry lots of chips and
Klondike bars. - ANSWER-food desert
,A(n) __________________________________ is an individual who creates a new
business, bearing most of the risks and enjoying most of the rewards. Such a person
is commonly seen as an innovator, a source of new ideas, goods, services, and
business/or procedures. - ANSWER-entrepreneur
1 Hispanic
2 Black-African American
3 Asian
4 Other
5 White not Hispanic
Which of the following sequences of numbers correctly arranges the U.S. population
from most to least?
Select one:
a. 23415
b. 12345
c. 52314
d. 53214
e. 51234 - ANSWER-e. 51234
- WHITE, HISPANIC, BLACK, ASIAN, OTHER.
Consumer spending accounts for approximately _____ of the U.S economic output
or GDP.
Select one:
a. one-third
b. two-thirds
c. half
d. three-quarters
e. one-fifth - ANSWER-b. two-thirds
What is the title of the corporate officer most responsible for deciding large corporate
issues like spinning off Smith and Wesson from American Outdoor Brands? (no
abbreviations) - ANSWER-chief executive officer
It does not take a University of Chicago Ph.D in economics to suspect that raising
the _________________________________ (three words f m w) to $15 per hour
would worsen the financial health of small businesses in the affected states. -
ANSWER-federal minimum wage
_____________________________ (one v word) is an enemy if your company is
making a product. The manufacturing process must be stable enough to produce
products within specification--like clothing sizes or crank shafts. - ANSWER-variation
Which of the following is true regarding the trust and confidence people place in big
business?
Select one:
a. Only six years ago, business was the most trusted institution.
b. The public's trust in big business is growing stronger.
, c. It's about the same as for small business--and higher than more then half the
institution if the Pew Research survey.
d. It's in the top five for the first time in fifty years.
e. It's not good--big business is ranked twelfth of fifteen institutions when it comes to
trustworthiness or integrity. - ANSWER-e. It's not good--big business is ranked
twelfth of fifteen institutions when it comes to trustworthiness or integrity.
_________________________ (two words S and M) refers to the decision making at
the highest levels of the company and the most pivotal issues the corporation faces.
One of our ten topics, CEOs and boards give careful consideration to SM. An
example would be what Ford intends to do about threats by Tesla and others to its
dominance in the pickup truck industry. - ANSWER-strategy/strategic management
Name the following in order: CEO CFO CMO.
_____________________________ nine words no punctuation - ANSWER-chief
executive officer, chief financial officer, chief marketing officer.
Name the stock index that begins with letter N. (six letters)
___________________________________. - ANSWER-NASDAQ
One of our ten business topics in the BADM120 course is defined as the
administration of business practices to create the highest level of efficiency possible
within an organization. Which is it?
Select one:
a. SM
b. MKTG
c. FIN
d. OM
e. MGMT - ANSWER-d. OM
According to The Wall Street Journal, younger workers feel lonely at the office.
Perhaps you can help when you become a manager. You might even think about
joining SHRM, abbreviation for ____________________________________ (five
words) to associate with other management professionals. - ANSWER-Society for
Human Resource Management
Manufacturing companies are having a difficult time finding/hiring qualified workers,
so they are offering such attractions as relocation payments, bonuses for signing,
YMCA membership, and free boots, just to name a few of the
__________________________________ (one p word plural) to hire them in the
tight labor market. - ANSWER-perks
three countries no punctuation:
XXXXX has lost its rank as the top U.S. trading partner,falling to third place behind
XXXXX and XXXXX. _______________________________ - ANSWER-- China
- Mexico
- Canada
