FBLA Introduction to Business
Exam Questions with Correct
Answers
Which is NOT considered an aspect of technology? - Answer- inventors
Which was inspired by the invention of the telephone? - Answer- fax
What makes a cell phone different from a telephone? - Answer- cells are small
computers
Anyone who uses a computer while working - Answer- e-workforce
a store that sells products in stores and online - Answer- click and mortar
Which types of products do other countries mostly buy from the U.S.? - Answer-
agricultural
When a country's currency is higher than another's, it has - Answer- more buying power
NAFTA - Answer- North American Free Trade Agreement
business that takes place within the borders of one state. - Answer- interstate
commerce
OSHA - Answer- Occupational Safety and Health Administration
formed by a small number of companies rather than just one. - Answer- oligopoly
best for keeping money in a financial institution for a short period. - Answer- checking
accounts
financial institutions that hold customers' funds in interest-bearing accounts and invest
mainly in mortgage loans. - Answer- saving and loan associations
firms sell stocks and bonds, but not loans. - Answer- brokerage firms
how many regional banks are there for the federal reserve - Answer- 12
, protecting investments through risk management. - Answer- financing
consists of four basic marketing strategies: product, place, price and promotion. -
Answer- marketing mix
Which is the final step in the process of developing a new product? - Answer- evaluating
customer response
main advertising medium used in the United States. - Answer- newspapers
advertisers to reach a specific target market. - Answer- direct mail
appears mostly in phone books. - Answer- directory advertising
mount of money it costs to display or broadcast an ad - Answer- advertising cost
Which is NOT something upon which the cost of Internet ads is based? - Answer-
placement
Which is usually NOT included in a job description? - Answer- salary
amount of money paid to an employee on an hourly basis. - Answer- wage
someone who comments on a job applicant's character and qualifications for a job. -
Answer- reference
process of helping new employees adjust to a company. - Answer- orientation
teaching several employees in a class. - Answer- group training
To market products successfully in another country, companies must research the
country's - Answer- language, customs, tastes
conduct that is considered socially acceptable in business. - Answer- Business etiquette
usually has one person at the top who makes all the decisions. - Answer- hierarchy
identify people by a single trait, rather than as individuals - Answer- stereotype
money used to pay for the various assets and expenses of a new venture or business. -
Answer- start up captial
systematic process of recording and reporting the financial position of a person or
organization. - Answer- accounting
total amount of money owed to a business - Answer- accounts receivable
Exam Questions with Correct
Answers
Which is NOT considered an aspect of technology? - Answer- inventors
Which was inspired by the invention of the telephone? - Answer- fax
What makes a cell phone different from a telephone? - Answer- cells are small
computers
Anyone who uses a computer while working - Answer- e-workforce
a store that sells products in stores and online - Answer- click and mortar
Which types of products do other countries mostly buy from the U.S.? - Answer-
agricultural
When a country's currency is higher than another's, it has - Answer- more buying power
NAFTA - Answer- North American Free Trade Agreement
business that takes place within the borders of one state. - Answer- interstate
commerce
OSHA - Answer- Occupational Safety and Health Administration
formed by a small number of companies rather than just one. - Answer- oligopoly
best for keeping money in a financial institution for a short period. - Answer- checking
accounts
financial institutions that hold customers' funds in interest-bearing accounts and invest
mainly in mortgage loans. - Answer- saving and loan associations
firms sell stocks and bonds, but not loans. - Answer- brokerage firms
how many regional banks are there for the federal reserve - Answer- 12
, protecting investments through risk management. - Answer- financing
consists of four basic marketing strategies: product, place, price and promotion. -
Answer- marketing mix
Which is the final step in the process of developing a new product? - Answer- evaluating
customer response
main advertising medium used in the United States. - Answer- newspapers
advertisers to reach a specific target market. - Answer- direct mail
appears mostly in phone books. - Answer- directory advertising
mount of money it costs to display or broadcast an ad - Answer- advertising cost
Which is NOT something upon which the cost of Internet ads is based? - Answer-
placement
Which is usually NOT included in a job description? - Answer- salary
amount of money paid to an employee on an hourly basis. - Answer- wage
someone who comments on a job applicant's character and qualifications for a job. -
Answer- reference
process of helping new employees adjust to a company. - Answer- orientation
teaching several employees in a class. - Answer- group training
To market products successfully in another country, companies must research the
country's - Answer- language, customs, tastes
conduct that is considered socially acceptable in business. - Answer- Business etiquette
usually has one person at the top who makes all the decisions. - Answer- hierarchy
identify people by a single trait, rather than as individuals - Answer- stereotype
money used to pay for the various assets and expenses of a new venture or business. -
Answer- start up captial
systematic process of recording and reporting the financial position of a person or
organization. - Answer- accounting
total amount of money owed to a business - Answer- accounts receivable
