Mock CBT Test

The amount paid for insurance is the

• closing cost

• deductible

• assessed value

• premium

VAT stands for ...

• Very Autocratic Triangle

• Value Added Tax

• Very Artistic Teacher

• Virtual Appliance technology

Operational planning is for ____________ goals.

• Long-term

• Short-term

• does not follow time

• none of the above

A compensation is _______________

• form of payment from an employer to an employee

• A percentage of the sales

• The combination of salary and fringe benefits an employer provides to an employee.

• A monetary compensation paid by an employer to an employee in exchange for work done.

_____________ is used to track relevant business metrics

• Induction session

• Work hours

• KPI

• None of the above

How to calculate employees holiday entitlement

• multiply the number of days a week they work by 5.6

• multiply the number of days a week they work by 6.5

• multiply the number of days a month they work by 5.6

• multiply the number of days a year they work by 5.6

_____________are used to communicate with individuals outside of the office.

• Business letters

• Emails

• Instructions and procedures

• Manuals

If you intended to inform a group of people about a specific issue you would normally use a _________.

• Memo

• Email

• Letter

• Flyer

Procurements is

• The process of hiring people in the firm

• the sequence of scheduled activities that determines the duration of the project

• The process of finding and agreeing to terms, and acquiring goods, services, or works from an external source

• A chart that is developed as a production control tool

1-      The final aim of negotiation is to: (SS 1.B)

• A)     reach an agreement
• B)      end a dispute
• C)      implement an agreement between two parties
• D)     win at all cost