NOCTI Business Exam Questions and Answers Already Passed
1. If a business conducts a SWOT analysis to decide whether or not to expand, which of the following
would be categorized as an "O"? - Answers there is potential for increased profits
2. The North American Free Trade Agreement (NAFTA) created a free-trade area for - Answers Mexico,
the US, and Canada
3. Two types of business partnerships are general and - Answers Limited
4. The planning, pricing, promoting, and distribution of goods and services is known as - Answers
marketing
5. The main purpose of an effective performance evaluation is to - Answers help workers develop their
strengths and work on their weaknesses
6. A mission statement describes an organization's - Answers purpose or goal
7. The best way to motivate workers to do a good job is - Answers providing positive feedback to
reinforce what they do correctly
8. The term for research to determine factors, conditions, and characteristics of a market is - Answers
market analysis
9. One difference between strategic and tactical planning is that strategic planning tends to be - Answers
longer term and more broadly defined
10. Motivational praise from an employer should be specific and - Answers work related
11. To gain employee acceptance of new changes in an organization, the owner should provide
adequate training and - Answers provide advance notice of the new changes
12. Which of the following sentences is grammatically correct? - Answers Ann missed the meeting
because she was lying in bed with the flu.
13. If a worker's gross pay is $750.00 and 1.25 percent of the worker's earnings are withheld for
Medicare tax, what dollar amount of Medicare tax is being withheld? - Answers $750 x 0.0125 = $9.38
14. According to the law of supply and demand, when high winds in Hawaii damage the coffee plants,
coffee will be - Answers in short supply, therefore higher in price
15. A country exported $689,269 worth of goods and imported $3,465,029 worth of goods. What is the
trade surplus or deficit? - Answers $689,269 - $3,465,029 = -$2775760
16. In order to increase sales, a company hired a telemarketing firm. Telemarketers logged 3496 hours,
making 46397 presentations and 6350 sales, and increasing the company's revenue by $295300. The
1. If a business conducts a SWOT analysis to decide whether or not to expand, which of the following
would be categorized as an "O"? - Answers there is potential for increased profits
2. The North American Free Trade Agreement (NAFTA) created a free-trade area for - Answers Mexico,
the US, and Canada
3. Two types of business partnerships are general and - Answers Limited
4. The planning, pricing, promoting, and distribution of goods and services is known as - Answers
marketing
5. The main purpose of an effective performance evaluation is to - Answers help workers develop their
strengths and work on their weaknesses
6. A mission statement describes an organization's - Answers purpose or goal
7. The best way to motivate workers to do a good job is - Answers providing positive feedback to
reinforce what they do correctly
8. The term for research to determine factors, conditions, and characteristics of a market is - Answers
market analysis
9. One difference between strategic and tactical planning is that strategic planning tends to be - Answers
longer term and more broadly defined
10. Motivational praise from an employer should be specific and - Answers work related
11. To gain employee acceptance of new changes in an organization, the owner should provide
adequate training and - Answers provide advance notice of the new changes
12. Which of the following sentences is grammatically correct? - Answers Ann missed the meeting
because she was lying in bed with the flu.
13. If a worker's gross pay is $750.00 and 1.25 percent of the worker's earnings are withheld for
Medicare tax, what dollar amount of Medicare tax is being withheld? - Answers $750 x 0.0125 = $9.38
14. According to the law of supply and demand, when high winds in Hawaii damage the coffee plants,
coffee will be - Answers in short supply, therefore higher in price
15. A country exported $689,269 worth of goods and imported $3,465,029 worth of goods. What is the
trade surplus or deficit? - Answers $689,269 - $3,465,029 = -$2775760
16. In order to increase sales, a company hired a telemarketing firm. Telemarketers logged 3496 hours,
making 46397 presentations and 6350 sales, and increasing the company's revenue by $295300. The
