Business Management Certification
Exam
.Which technology tools have had an impact on global management? -
----ANS:Email
Asset - ----ANS:Anything of value that is owned
Autocratic - ----ANS:Make ALL decisions
Democratic - ----ANS:Encourages exchange of ideas
Herzberg - ----ANS:Motivated by recognition
Laissez-Faire - ----ANS:Minimal supervision
Liability - ----ANS:Amount owed to a creditor
Owner's equity - ----ANS:Financial rights to the assets of a business
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
Place the parts of the distribution channel in the correct order from beginning
(Step 1) to the end - ----ANS:Manufacturer
Wholesaler
Retailer
Consumer
Statement regarding budgets is TRUE? - ----ANS:Budgets can help in
controlling a business.
Theory X - ----ANS:Managers who believe workers dislike work
Theory Y - ----ANS:Enjoy work and take satisfaction in high expectations
, Theory Z - ----ANS:Positive work life is the key to increase productivity
What does revenue minus expenses equal? - ----ANS:Gross Income
What government agency lends money to small businesses that are unable to
obtain a loan from at least two banks? - ----ANS:Small Business
Administration (SBA)
What happens when any stockholder of a corporation dies? - ----ANS:The life
of the corporation is not affected.
What helps to determine the validity of an internet source? - ----ANS:Copyright
date
Legitimate contact information
Publisher of the source
What is a business code of ethics? - ----ANS:Principle of conduct use for
making company decisions
What is a word, name, symbol, or slogan a business uses to identify itself? -
----ANS:Trademark
What is the economic term used to describe a period of rising prices when the
purchasing power of the dollar is falling? - ----ANS:Inflation
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 is the written explanation of a company's reason for existence? -
----ANS:Mission statement
What market strategy uses skimming, penetration, or cost-based methods? -
----ANS:Price
What principle is business following when it seeks to become a positive
stakeholder in the community? - ----ANS:Ethics and social responsibility
Exam
.Which technology tools have had an impact on global management? -
----ANS:Email
Asset - ----ANS:Anything of value that is owned
Autocratic - ----ANS:Make ALL decisions
Democratic - ----ANS:Encourages exchange of ideas
Herzberg - ----ANS:Motivated by recognition
Laissez-Faire - ----ANS:Minimal supervision
Liability - ----ANS:Amount owed to a creditor
Owner's equity - ----ANS:Financial rights to the assets of a business
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
Place the parts of the distribution channel in the correct order from beginning
(Step 1) to the end - ----ANS:Manufacturer
Wholesaler
Retailer
Consumer
Statement regarding budgets is TRUE? - ----ANS:Budgets can help in
controlling a business.
Theory X - ----ANS:Managers who believe workers dislike work
Theory Y - ----ANS:Enjoy work and take satisfaction in high expectations
, Theory Z - ----ANS:Positive work life is the key to increase productivity
What does revenue minus expenses equal? - ----ANS:Gross Income
What government agency lends money to small businesses that are unable to
obtain a loan from at least two banks? - ----ANS:Small Business
Administration (SBA)
What happens when any stockholder of a corporation dies? - ----ANS:The life
of the corporation is not affected.
What helps to determine the validity of an internet source? - ----ANS:Copyright
date
Legitimate contact information
Publisher of the source
What is a business code of ethics? - ----ANS:Principle of conduct use for
making company decisions
What is a word, name, symbol, or slogan a business uses to identify itself? -
----ANS:Trademark
What is the economic term used to describe a period of rising prices when the
purchasing power of the dollar is falling? - ----ANS:Inflation
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 is the written explanation of a company's reason for existence? -
----ANS:Mission statement
What market strategy uses skimming, penetration, or cost-based methods? -
----ANS:Price
What principle is business following when it seeks to become a positive
stakeholder in the community? - ----ANS:Ethics and social responsibility
