C201 Practice Test-QUESTIONS AND VERIFIED
ANSWERS
What is the primary role of the Internet Corporation for Assigned Names and Numbers
(ICANN)? - ANS To Preserve the Opertional Stability of the internet
Magnus has been unemployed for a long time because he has not been able to find a job in
which he can apply his specialized knowledge about the Robostic Data System (RDS), a
computer system that is now obsolete. What type of unemployment is Magnus facing? -
ANS Structural Unemployment
If Simone Enterprises has a debt ratio of 40%, it means that for every $1 in _____, the firm
has 40 cents in _____. - ANS Assets; Liabilities
A petroleum refinery stockpiles crude oil so that it can easily switch between producing
home heating oil and gasoline, depending on relative demand. This is an example of _____
planning. - ANS Strategic
2) A petroleum refinery stockpiles crude oil so that it can easily switch between producing
home heating oil and gasoline - ANS depending on relative demand. This is an example of
_____ planning.,
3) United States of Mahan (USM) is a nation in which industries like steel, communications,
electricity, railways, education, and health care are owned by the government. The leaders
of the nation believe that it is detrimental to the public's interest to allow such core
industries to be owned by private firms. However, private ownership is encouraged in
industries like restaurants, entertainment, and retail shops, which have a lower impact on
social welfare. Which of the following economic systems has USM adopted? - ANS Socialism
In a process called the _____, new retailers enter the market by offering lower prices made
possible through reductions in service. - ANS Wheel of Retailing
, In a typical firm, the _____ is the chief accounting manager. - ANS Controller
The demand curve will shift to the _____ and the prices will _____, if buyers' incomes
increase. - ANS Right, Right
Aisha reviews the applications received for a new position in finance. This is an example of
_____ planning. - ANS Operational
Arif's firm is divided into work units representing human resources, marketing, production,
and finance. This is known as _____ departmentalization. - ANS Functional
4) In a process called the _____ - ANS new retailers enter the market by offering lower
prices made possible through reductions in service.,
Federico is trying to close a particularly difficult sale. He uses his PDA (personal digital
assistant) and a special program to access information within his company's database on
pricing. Federico is using an - ANS Exective Support System
Which of the following is a reason for the increasing popularity of notebook computers? -
ANS Faster Procesing Speeds
_____ consists of displays or demonstrations that promote products when and where
consumers buy them. - ANS point of Purchase Advertising
Which of these connect major brokerages and individual traders virtually using the Internet,
so that trades can be made directly without going through an intermediary? - ANS
Electronics Communications Networks
ANSWERS
What is the primary role of the Internet Corporation for Assigned Names and Numbers
(ICANN)? - ANS To Preserve the Opertional Stability of the internet
Magnus has been unemployed for a long time because he has not been able to find a job in
which he can apply his specialized knowledge about the Robostic Data System (RDS), a
computer system that is now obsolete. What type of unemployment is Magnus facing? -
ANS Structural Unemployment
If Simone Enterprises has a debt ratio of 40%, it means that for every $1 in _____, the firm
has 40 cents in _____. - ANS Assets; Liabilities
A petroleum refinery stockpiles crude oil so that it can easily switch between producing
home heating oil and gasoline, depending on relative demand. This is an example of _____
planning. - ANS Strategic
2) A petroleum refinery stockpiles crude oil so that it can easily switch between producing
home heating oil and gasoline - ANS depending on relative demand. This is an example of
_____ planning.,
3) United States of Mahan (USM) is a nation in which industries like steel, communications,
electricity, railways, education, and health care are owned by the government. The leaders
of the nation believe that it is detrimental to the public's interest to allow such core
industries to be owned by private firms. However, private ownership is encouraged in
industries like restaurants, entertainment, and retail shops, which have a lower impact on
social welfare. Which of the following economic systems has USM adopted? - ANS Socialism
In a process called the _____, new retailers enter the market by offering lower prices made
possible through reductions in service. - ANS Wheel of Retailing
, In a typical firm, the _____ is the chief accounting manager. - ANS Controller
The demand curve will shift to the _____ and the prices will _____, if buyers' incomes
increase. - ANS Right, Right
Aisha reviews the applications received for a new position in finance. This is an example of
_____ planning. - ANS Operational
Arif's firm is divided into work units representing human resources, marketing, production,
and finance. This is known as _____ departmentalization. - ANS Functional
4) In a process called the _____ - ANS new retailers enter the market by offering lower
prices made possible through reductions in service.,
Federico is trying to close a particularly difficult sale. He uses his PDA (personal digital
assistant) and a special program to access information within his company's database on
pricing. Federico is using an - ANS Exective Support System
Which of the following is a reason for the increasing popularity of notebook computers? -
ANS Faster Procesing Speeds
_____ consists of displays or demonstrations that promote products when and where
consumers buy them. - ANS point of Purchase Advertising
Which of these connect major brokerages and individual traders virtually using the Internet,
so that trades can be made directly without going through an intermediary? - ANS
Electronics Communications Networks
