NOCTI Business exam with 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 ANSWERS ✔✔there is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
potential for increased profits |\ |\ |\
2. The North American Free Trade Agreement (NAFTA)
|\ |\ |\ |\ |\ |\ |\ |\
created a free-trade area for - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔Mexico, the US, and Canada |\ |\ |\ |\
3. Two types of business partnerships are general and -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Limited |\ |\
4. The planning, pricing, promoting, and distribution of
|\ |\ |\ |\ |\ |\ |\ |\
goods and services is known as - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔marketing
5. The main purpose of an effective performance
|\ |\ |\ |\ |\ |\ |\ |\
evaluation is to - CORRECT ANSWERS ✔✔help workers
|\ |\ |\ |\ |\ |\ |\ |\
develop their strengths and work on their weaknesses
|\ |\ |\ |\ |\ |\ |\
6. A mission statement describes an organization's -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔purpose or goal |\ |\ |\ |\
, 7. The best way to motivate workers to do a good job is -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔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 ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔market analysis |\
9. One difference between strategic and tactical planning
|\ |\ |\ |\ |\ |\ |\ |\
is that strategic planning tends to be - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔longer term and more broadly defined |\ |\ |\ |\ |\ |\
10. Motivational praise from an employer should be
|\ |\ |\ |\ |\ |\ |\ |\
specific and - CORRECT ANSWERS ✔✔work related
|\ |\ |\ |\ |\ |\
11. To gain employee acceptance of new changes in an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
organization, the owner should provide adequate training |\ |\ |\ |\ |\ |\ |\
and - CORRECT ANSWERS ✔✔provide advance notice of
|\ |\ |\ |\ |\ |\ |\ |\
the new changes
|\ |\
12. Which of the following sentences is grammatically
|\ |\ |\ |\ |\ |\ |\ |\
correct? - CORRECT ANSWERS ✔✔Ann missed the
|\ |\ |\ |\ |\ |\ |\
meeting because she was lying in bed with the flu.
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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 ANSWERS ✔✔there is
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
potential for increased profits |\ |\ |\
2. The North American Free Trade Agreement (NAFTA)
|\ |\ |\ |\ |\ |\ |\ |\
created a free-trade area for - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔Mexico, the US, and Canada |\ |\ |\ |\
3. Two types of business partnerships are general and -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔Limited |\ |\
4. The planning, pricing, promoting, and distribution of
|\ |\ |\ |\ |\ |\ |\ |\
goods and services is known as - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔marketing
5. The main purpose of an effective performance
|\ |\ |\ |\ |\ |\ |\ |\
evaluation is to - CORRECT ANSWERS ✔✔help workers
|\ |\ |\ |\ |\ |\ |\ |\
develop their strengths and work on their weaknesses
|\ |\ |\ |\ |\ |\ |\
6. A mission statement describes an organization's -
|\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔purpose or goal |\ |\ |\ |\
, 7. The best way to motivate workers to do a good job is -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔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 ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔market analysis |\
9. One difference between strategic and tactical planning
|\ |\ |\ |\ |\ |\ |\ |\
is that strategic planning tends to be - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔longer term and more broadly defined |\ |\ |\ |\ |\ |\
10. Motivational praise from an employer should be
|\ |\ |\ |\ |\ |\ |\ |\
specific and - CORRECT ANSWERS ✔✔work related
|\ |\ |\ |\ |\ |\
11. To gain employee acceptance of new changes in an
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
organization, the owner should provide adequate training |\ |\ |\ |\ |\ |\ |\
and - CORRECT ANSWERS ✔✔provide advance notice of
|\ |\ |\ |\ |\ |\ |\ |\
the new changes
|\ |\
12. Which of the following sentences is grammatically
|\ |\ |\ |\ |\ |\ |\ |\
correct? - CORRECT ANSWERS ✔✔Ann missed the
|\ |\ |\ |\ |\ |\ |\
meeting because she was lying in bed with the flu.
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