Nocti Business Practice Test

Front

What act regulates the federal minimum wage for the interstate?

Back

Fair Labor Standards Act

Front

What is a partnership?

Back

a business owned by 2 individuals

Front

One major difference between strategic and tactical planning is that tactical planning tends to be

Back

shorter term and more narrowly defined

Front

In business, the letters CFO stands for?

Back

Chief Financial Officer

Front

What type of software program allows business people to combine graphics, transparencies, slides, and text for an on-screen display of information?

Back

Presentation

Front

What is the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources?

Back

management

Front

Choosing among two alternatives

Back

decision making

Front

Amounts of money

Back

Funds

Front

The commercial process involved in promoting, selling, and distributing a product or service

Back

marketing

Front

The exchange of goods for an agreed sum of money

Back

selling