Business Administration Exam
questions with answers graded A+
Which government agency oversees discrimination in the workplace? - ANS✅✅Equal Employment
Opportunity Commission (EEOC)
Which department is responsible for hiring, staffing, training, and evaluating an organization's
personnel? - ANS✅✅Human Resources
What market strategy uses skimming, penetration, or cost-based methods? - ANS✅✅Price
Which market strategy uses advertising, personal selling, or publicity methods? -
ANS✅✅Promotion
What does revenue minus expenses equal? - ANS✅✅Gross Income
Which term describes a set of moral principles or values that govern behavior? - ANS✅✅Ethics
Which term is used when evaluating the level of production at which total revenues from sales
equals total expenses incurred? - ANS✅✅Break Even Point
Which TWO questions are legal during a job interview? - ANS✅✅Are you married?
How old are you?
What is the written explanation of a company's reason for existence? - ANS✅✅Mission statement
Place the decision-making steps in the correct order from beginning to the end - ANS✅✅Recognize
the problem
Identify possible alternatives
Select and implement the best alternative
Evaluate the results
, What type of plan is a long-range goal that affects many parts of an organization? -
ANS✅✅Strategic
Which financial statement shows revenue, expenses, and profit or loss of a business for a particular
period of time? - ANS✅✅Income statement
Asset - ANS✅✅Anything of value that is owned
Owner's equity - ANS✅✅Financial rights to the assets of a business
Liability - ANS✅✅Amount owed to a creditor
What is the economic term when Gross Domestic Product (GDP) declines for two consecutive
quarters? - ANS✅✅Recession
What is the practice of working at home, while traveling and being able to interact with the office? -
ANS✅✅Telecommunicating
What helps to determine the validity of an internet source? - ANS✅✅Copyright date
Legitimate contact information
Publisher of the source
Which management function includes setting goals and developing strategies - ANS✅✅Planning
What is the economic term used to describe a period of rising prices when the purchasing power of
the dollar is falling? - ANS✅✅Inflation
Theory Z - ANS✅✅Positive work life is the key to increase productivity
Theory Y - ANS✅✅Enjoy work and take satisfaction in high expectations
Theory X - ANS✅✅Managers who believe workers dislike work
questions with answers graded A+
Which government agency oversees discrimination in the workplace? - ANS✅✅Equal Employment
Opportunity Commission (EEOC)
Which department is responsible for hiring, staffing, training, and evaluating an organization's
personnel? - ANS✅✅Human Resources
What market strategy uses skimming, penetration, or cost-based methods? - ANS✅✅Price
Which market strategy uses advertising, personal selling, or publicity methods? -
ANS✅✅Promotion
What does revenue minus expenses equal? - ANS✅✅Gross Income
Which term describes a set of moral principles or values that govern behavior? - ANS✅✅Ethics
Which term is used when evaluating the level of production at which total revenues from sales
equals total expenses incurred? - ANS✅✅Break Even Point
Which TWO questions are legal during a job interview? - ANS✅✅Are you married?
How old are you?
What is the written explanation of a company's reason for existence? - ANS✅✅Mission statement
Place the decision-making steps in the correct order from beginning to the end - ANS✅✅Recognize
the problem
Identify possible alternatives
Select and implement the best alternative
Evaluate the results
, What type of plan is a long-range goal that affects many parts of an organization? -
ANS✅✅Strategic
Which financial statement shows revenue, expenses, and profit or loss of a business for a particular
period of time? - ANS✅✅Income statement
Asset - ANS✅✅Anything of value that is owned
Owner's equity - ANS✅✅Financial rights to the assets of a business
Liability - ANS✅✅Amount owed to a creditor
What is the economic term when Gross Domestic Product (GDP) declines for two consecutive
quarters? - ANS✅✅Recession
What is the practice of working at home, while traveling and being able to interact with the office? -
ANS✅✅Telecommunicating
What helps to determine the validity of an internet source? - ANS✅✅Copyright date
Legitimate contact information
Publisher of the source
Which management function includes setting goals and developing strategies - ANS✅✅Planning
What is the economic term used to describe a period of rising prices when the purchasing power of
the dollar is falling? - ANS✅✅Inflation
Theory Z - ANS✅✅Positive work life is the key to increase productivity
Theory Y - ANS✅✅Enjoy work and take satisfaction in high expectations
Theory X - ANS✅✅Managers who believe workers dislike work
