NOCTI Business | Questions with 100% correct answers | verified

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"? - Answer-there is potential for increased profits 2. The North American Free Trade Agreement (NAFTA) created a free-trade area for - Answer-Mexico, the US, and Canada 3. Two types of business partnerships are general and - Answer-Limited 4. The planning, pricing, promoting, and distribution of goods and services is known as - Answermarketing 5. The main purpose of an effective performance evaluation is to - Answer-help workers develop their strengths and work on their weaknesses 6. A mission statement describes an organization's - Answer-purpose or goal 7. The best way to motivate workers to do a good job is - Answer-providing positive feedback to reinforce what they do correctly 8. The term for research to determine factors, conditions, and characteristics of a market is - Answermarket analysis 9. One difference between strategic and tactical planning is that strategic planning tends to be - Answer-longer term and more broadly defined 10. Motivational praise from an employer should be specific and - Answer-work related 11. To gain employee acceptance of new changes in an organization, the owner should provide adequate training and - Answer-provide advance notice of the new changes 12. Which of the following sentences is grammatically correct? - Answer-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? - Answer-$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 - Answer-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? - Answer-$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? - Answer-A good investment with a profit of over $137,000 17. Which of the following acts regulates the federal minimum wage for interstate commerce? - Answer-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 - Answer-unethical behavior 20. Which of the following situations is an example of an employee exhibiting unethical behavior? - Answer-taking a day of sick leave to play golf 21. An example of nonverbal communication is - Answer-nodding 22. An example of active listening skills is - Answer-paraphrasing what has been said 23. When an employee is giving an oral presentation he or she should speak clearly and - Answerconfidently 24. James wants to send a personalized letter to each of his sales clients. To do this, James should use - Answer-mail-merge26. Company ABC sends an "anniversary" card to each client on the date they started working with the company. To maintain an electronic record, they should use a - Answer-Database