NAF EOC EXAM QUESTIONS & ANSWERS 2023/2024

NAF EOC EXAM QUESTIONS & ANSWERS 2023/2024 4 Ps of marketing - ANSWER-four major aspects of marketing price, promotion, product, and place (DISTRIBUTION) Accounting - ANSWER-Theory and system of setting up,maintaining, and auditing the books of a firm, art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, and so forth. Added Value - ANSWER-Increase in worth of a product or service as a result of a particular activity Advertising - ANSWER-Purchase of space in a publication or public place for a company to present promotional materials in order to reach its customers angel investor - ANSWER-individual who invests in a business venture, providing capital for start-up or expansion, in exchange for a higher rate of return than would be given by more traditional investments associate's degree (AA) - ANSWER-degree given for successful completion of some courses of study as a two-year college bachelor of business administration (BBA) - ANSWER-bachelor of business adminstration bachelor's degree - ANSWER-academic degree typically requiring four years of study, someone who has successfully completed undergraduate studies; a bachelor of arts is a (BA) and a bachelor of science is a (BS) bias - ANSWER-a preference of subjective background that prevents someone from considering an issue objectively