MGRADES
NOCTI Business UPDATED ACTUAL
Exam Questions and CORRECT Answers
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"? - CORRECT ANSWER - there is potential for
increased profits
2. The North American Free Trade Agreement (NAFTA) created a free-trade area for -
CORRECT ANSWER - Mexico, the US, and Canada
3. Two types of business partnerships are general and - CORRECT ANSWER - Limited
4. The planning, pricing, promoting, and distribution of goods and services is known as -
CORRECT ANSWER - marketing
5. The main purpose of an effective performance evaluation is to - CORRECT ANSWER -
help workers develop their strengths and work on their weaknesses
6. A mission statement describes an organization's - CORRECT ANSWER - purpose or
goal
7. The best way to motivate workers to do a good job is - CORRECT 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 -
CORRECT ANSWER - market analysis
9. One difference between strategic and tactical planning is that strategic planning tends to be -
CORRECT ANSWER - longer term and more broadly defined
NOCTI Business UPDATED ACTUAL
Exam Questions and CORRECT Answers
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"? - CORRECT ANSWER - there is potential for
increased profits
2. The North American Free Trade Agreement (NAFTA) created a free-trade area for -
CORRECT ANSWER - Mexico, the US, and Canada
3. Two types of business partnerships are general and - CORRECT ANSWER - Limited
4. The planning, pricing, promoting, and distribution of goods and services is known as -
CORRECT ANSWER - marketing
5. The main purpose of an effective performance evaluation is to - CORRECT ANSWER -
help workers develop their strengths and work on their weaknesses
6. A mission statement describes an organization's - CORRECT ANSWER - purpose or
goal
7. The best way to motivate workers to do a good job is - CORRECT 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 -
CORRECT ANSWER - market analysis
9. One difference between strategic and tactical planning is that strategic planning tends to be -
CORRECT ANSWER - longer term and more broadly defined
