NOCTI BUSINESS PRACTICE TEST
QUESTIONS & ANSWERS (RATED A+)
CFO Stands for? - ANSWERChief Financial Officer
One benefit of teamwork is? - ANSWERGreater work efficiency
Citizens can best increase their understanding of various public policy initiatives by
asking.... - ANSWERWho is likely to bear the social, political, and economic costs of
the initiative?
The concept of market segmentation is based on... - ANSWERPeople who make up
the audience for a product usually have a variety of different types of needs
Requiring a job applicant to answer (what question) would be a violation of federal
law? - ANSWERDo you and your spouse plan to have children?
A toy manufacturer plans to make 200,000 toy action figures to sell to wholesalers
for $12 each. the cost of making and marketing the toys is $7.50 per unit. How many
action figures must the toy manufacturer sell to break even? - ANSWER125,000
What should be the first step in performing marketing research? - ANSWERDefine
the research problem
What would be considered a violation of an employee's rights? -
ANSWERConducting a credit or background check without the consent of the
employee
What best describes the role that venture capitalists generally play financing small
businesses? - ANSWERSupplying cash to businesses in return for a share of equity
A primary characteristic of integrated software is that it enables users to: -
ANSWERTransfer and manipulate data easily across multiple applications
When sending a follow-up survey to consumers who have recently bought a product,
it is most important to communicate what to survey recipients? - ANSWERThe
purpose of the survey and how its results will be used
A company would most appropriately use primary sources such as focus groups or
surveys to investigate: - ANSWERthe likely consumer reaction to the introduction of
a new line of products
QUESTIONS & ANSWERS (RATED A+)
CFO Stands for? - ANSWERChief Financial Officer
One benefit of teamwork is? - ANSWERGreater work efficiency
Citizens can best increase their understanding of various public policy initiatives by
asking.... - ANSWERWho is likely to bear the social, political, and economic costs of
the initiative?
The concept of market segmentation is based on... - ANSWERPeople who make up
the audience for a product usually have a variety of different types of needs
Requiring a job applicant to answer (what question) would be a violation of federal
law? - ANSWERDo you and your spouse plan to have children?
A toy manufacturer plans to make 200,000 toy action figures to sell to wholesalers
for $12 each. the cost of making and marketing the toys is $7.50 per unit. How many
action figures must the toy manufacturer sell to break even? - ANSWER125,000
What should be the first step in performing marketing research? - ANSWERDefine
the research problem
What would be considered a violation of an employee's rights? -
ANSWERConducting a credit or background check without the consent of the
employee
What best describes the role that venture capitalists generally play financing small
businesses? - ANSWERSupplying cash to businesses in return for a share of equity
A primary characteristic of integrated software is that it enables users to: -
ANSWERTransfer and manipulate data easily across multiple applications
When sending a follow-up survey to consumers who have recently bought a product,
it is most important to communicate what to survey recipients? - ANSWERThe
purpose of the survey and how its results will be used
A company would most appropriately use primary sources such as focus groups or
surveys to investigate: - ANSWERthe likely consumer reaction to the introduction of
a new line of products
