NOCTI BUSINESS PRACTICE TEST COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS)
QUESTION: CFO Stands for?
Ans: Chief Financial Officer
QUESTION: One benefit of teamwork is?
Ans: Greater work efficiency
QUESTION: Constructive Criticism gives information...
Ans: Intended to encourage improvement
QUESTION: A sales forecast can help a retailer...
Ans: Accurately plan for the upcoming holiday season
QUESTION: A Market Economy is one that...
Ans: Is based on supply and demand
Master01 | 2025/2026 | Latest update
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QUESTION: In business, spreadsheet software packages are generally
most useful for activities such as...
Ans: Projecting financial outcomes under various scenarios
QUESTION: When giving a oral presentation...
Ans: You should speak with characteristics showing knowledge and experiance
QUESTION: A comparative analysis of the contemporary U.S. and
Japanese economies could best be used to illustrate...
Ans: Differing levels of government intervention in mixes economies
QUESTION: Citizens can best increase their understanding of various
public policy initiatives by asking....
Ans: Who is likely to bear the social, political, and economic costs of the
initiative?
QUESTION: The concept of market segmentation is based on...
Master01 | 2025/2026 | Latest update