Business Final Exam Multiple Choice Questions And Answers

Business Final Exam Multiple Choice
Questions And Answers
Abbusinessbhasb360bcustomerbservicebprofessionalsbworkingbinbabcallbcenterbandb10bofbthe
mbarebsupervisors.bThebrationbofbsupervisorsbtobemployeesbisb(a)b1:35b(b)b1:36b(c)b35:1b(d)b
36:1b-bCORRECTbbANSWER-1:35

Abbusinessbmayboutsourcebbecauseb(a)bitbdoesbnotbhavebthebneededbexpertisebinbhouseb(b
)bitbisblessbexpensivebtoboutsourcebthanbtobhirebsomeonebwithbthebneededbexpertiseb(c)btheb
companybdoesn'tbhavebenoughbpeoplebtobhandlebtasksblikebpreparingbpayrollbchecksbandbc
ustomerbbillsb(d)ballbofbthebresponsesbarebcorrectb-bCORRECTbbANSWER-
allbofbthebresponsesbarebcorrect

AbdatabprocessingbservicebcenterbdoesbNOTb(a)bpreparebbillsbforbcustomersb(b)bkeepbtrackb
ofbinventoryb(c)bpreparebpayrollbchecksb(d)bmakebmanagementbdecisionsb-
bCORRECTbbANSWER-makebmanagementbdecisions




AbFrenchbtaxbonbbeveragesbimportedbfrombthebUSbisbanbexamplebofb(a)bembargob(b)bquotab
(c)bsanctionb(d)btariffb-bCORRECTbbANSWER-tariff

Abgeneralbtermbthatbrefersbtobthebelectronicbmovementbofbinformationbfromboneblocationbtob
anotherbisb(a)bablocalbareabnetworkb(b)babwidebareabnetworkb(c)banbopticalbnetworkb(d)btelec
ommunicationsb-bCORRECTbbANSWER-telecommunications

Abmajorbadvantagebforbabstorebofbsettingbupbitsbownbcreditbcardboperationbisb(a)blowerbcostsb
comparedbtobbankbcreditbcardsb(b)bthebconveniencebofbbeingbablebtobmanagebtheboperation
bitselfb(c)bthebopportunitybtobprovidebmailbadvertisingbtobcardholdersbwithbtheirbmonthlybstat

ementsb(d)bthebeasebofbcollectingbpaymentsbdirectlybfrombcustomersb-
bCORRECTbbANSWER-

thebopportunitybtobprovidebmailbadvertisingbtobcardholdersbwithbtheirbmonthlybstatements

Abnonprofitbcorporationbisbanborganizationbthatb(a)bpaysbtaxesbandbexistsbtobmakebabprofitb(
b)bpaysbtaxesbandbdoesbnotbexistbtobmakebabprofitb(c)bdoesbnotbpaybtaxesbandbdoesbnotbexis
tbtobmakebmoneyb(d)bpaysbdividendsbtobshareholdersb-bCORRECTbbANSWER-
doesbnotbpaybtaxesbandbdoesbnotbexistbtobmakebmoney

, Abrevolvingbcreditbplanbinvolvesballbofbthebfollowingbexceptb(a)ballowingbcreditbcustomersbtob
makebpurchasesbonbanbaccountbatbanytimeb(b)ballowingbcreditbcustomersbtobmakebpurchas
ebonbanbaccountbupbtobabspecifiedbdollarbamountb(c)ballowingbcreditbcustomersbtobmakebabst
atedbnumberbofbpaymentsboverbabfixedbperiodb(d)ballowingbcreditbcustomersbtobpayboffbthebf
ullbamountbbybthebendbofbthebbillingbperiodbwithoutbabfinancialbchargeb-
bCORRECTbbANSWER-

allowingbcreditbcustomersbtobmakebabstatedbnumberbofbpaymentsboverbabfixedbperiod

Absuccessfulbrestaurateurbchosebtobexpandbherbbusinessbbybsellingbabfranchisebtobsomeon
ebinbanotherbcity.bThebpersonbwhobboughtbthebfranchisebisbcalledbab(a)bentrepreneurb(b)bfra
nchiseeb(c)bfranchisorb(d)binvestorb-bCORRECTbbANSWER-franchisor

Allbofbthebfollowingbarebfactorsbinbdeterminingbcomparablebworthbexceptb(a)brequiringbspeci
albskillsb(b)brequiringbcertainbphysicalbabilityb(c)bspecifyingbabmaleborbfemalebforbthebposition
b(d)bspecifyingbabparticularb-bCORRECTbbANSWER-

specifyingbabmaleborbfemalebforbthebposition

Anbeconomicbsystembinbwhichbabcentralbplanningbauthoritybownsbmostbofbthebfactorsbofbpro
ductionbandbdeterminesbwhat,bhow,bandbforbwhombgoodsbandbservicesbwillbbebproducedbisb
calledb(a)bcentralbeconomyb(b)bcommandbeconomyb(c)bmarketbeconomyb(d)bmixedbecono
myb-bCORRECTbbANSWER-commandbeconomy

Anbon-sitebday-
carebfacilitybisbanbexamplebofbab(a)bcommitmentbtobhealthbandbsafetyb(b)bfamily-
friendsbbenefitb(c)bflexiblebschedulingb(d)btelecommutingb-bCORRECTbbANSWER-family-
friendlybbenefit

Approximatelybhowbmanybnewbbusinessesbfailbwithinbthebfirstbfivebtobsixbyearsb(a)b5%b(b)b2
5%b(c)b50%b(d)b75%b-bCORRECTbbANSWER-50%

BeforebandbAmericanbcompanybcanbsellbitsbleft-
sidebsteeringbwheelbmotorbvehiclesbtobIreland,bitbmustbchangebthebsteeringbwheelbtobthebrig
htbside.bThisbrestrictionbimposedbbybIrelandbisbcalledb(a)bsanctionb(b)bnon-
tariffbbarrierb(c)bembargob(d)binjunctionb-bCORRECTbbANSWER-Non-tariffbbarrier

Businessesbthatbsellbdirectlybtobthebfinalbconsumerbareb(a)bwholesalersb(b)bproducersb(c)bre
tailersb(d)ballbofbthebresponsesb-bCORRECTbbANSWER-retailers

Communicationbisb(a)bpassingbalongbfactualbdatab(b)bsendingbinformationbtobanotherbperso
nb(c)babtwo-
waybprocessbofbsharingbideasbandbinformationb(d)bshoutingbabrequestbacrossbabnoisybroomb
-bCORRECTbbANSWER-abtwo-waybprocessbofbsharingbideasbandbinformation

Demandbdepositsbareb(a)baccountsbthatbpermitbdepositorsbtobmakebwithdrawalsbatbanybtim
ebwithoutbpenaltyb(b)baccountsbinbwhichbmoneybisbdepositedbforbabfixedbperiodb(c)baccounts