NOCTI Business Newest Exam / NOCTI Business
Preparation/NOCTI Business Practice Exam With
Complete Questions And Correct Answers| Brand New
Version!
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"? - ans -there is potential
for increased profits
2. The North American Free Trade Agreement (NAFTA) created a free-trade area
for - ans -Mexico, the US, and Canada
3. Two types of business partnerships are general and - ans -Limited
4. The planning, pricing, promoting, and distribution of goods and services is
known as - ans -marketing
5. The main purpose of an effective performance evaluation is to - ans -help
workers develop their strengths and work on their weaknesses
6. A mission statement describes an organization's - ans -purpose or goal
7. The best way to motivate workers to do a good job is - ans -providing positive
feedback to reinforce what they do correctly
8. The term for research to determine factors, conditions, and characteristics of a
market is - ans -market analysis
9. One difference between strategic and tactical planning is that strategic
planning tends to be - ans -longer term and more broadly defined
10. Motivational praise from an employer should be specific and - ans -work
related
, 11. To gain employee acceptance of new changes in an organization, the owner
should provide adequate training and - ans -provide advance notice of the new
changes
12. Which of the following sentences is grammatically correct? - ans -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? - ans -$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 - ans -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? - ans -$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 telemarketing firm
charged $45 per hour for their services. How successful was the business
venture? - ans -A good investment with a profit of over $137,000
17. Which of the following acts regulates the federal minimum wage for interstate
commerce? - ans -Fair Labor Standards Act
19. A CEO urges employees to buy stock in the company and then sells his/her
personal stock because of a coming change that will likely decrease the stock
prices. The actions of the CEO showed - ans -unethical behavior
20. Which of the following situations is an example of an employee exhibiting
unethical behavior? - ans -taking a day of sick leave to play golf
21. An example of nonverbal communication is - ans -nodding
Preparation/NOCTI Business Practice Exam With
Complete Questions And Correct Answers| Brand New
Version!
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"? - ans -there is potential
for increased profits
2. The North American Free Trade Agreement (NAFTA) created a free-trade area
for - ans -Mexico, the US, and Canada
3. Two types of business partnerships are general and - ans -Limited
4. The planning, pricing, promoting, and distribution of goods and services is
known as - ans -marketing
5. The main purpose of an effective performance evaluation is to - ans -help
workers develop their strengths and work on their weaknesses
6. A mission statement describes an organization's - ans -purpose or goal
7. The best way to motivate workers to do a good job is - ans -providing positive
feedback to reinforce what they do correctly
8. The term for research to determine factors, conditions, and characteristics of a
market is - ans -market analysis
9. One difference between strategic and tactical planning is that strategic
planning tends to be - ans -longer term and more broadly defined
10. Motivational praise from an employer should be specific and - ans -work
related
, 11. To gain employee acceptance of new changes in an organization, the owner
should provide adequate training and - ans -provide advance notice of the new
changes
12. Which of the following sentences is grammatically correct? - ans -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? - ans -$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 - ans -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? - ans -$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 telemarketing firm
charged $45 per hour for their services. How successful was the business
venture? - ans -A good investment with a profit of over $137,000
17. Which of the following acts regulates the federal minimum wage for interstate
commerce? - ans -Fair Labor Standards Act
19. A CEO urges employees to buy stock in the company and then sells his/her
personal stock because of a coming change that will likely decrease the stock
prices. The actions of the CEO showed - ans -unethical behavior
20. Which of the following situations is an example of an employee exhibiting
unethical behavior? - ans -taking a day of sick leave to play golf
21. An example of nonverbal communication is - ans -nodding
