Production Processes Add.....

c. More opportunity for forecasting.

____________ is the process of evaluating human resource needs and then recruiting, selecting, developing, motivating, evaluating, compensating, and scheduling employees to achieve organizational goals.

b. Performance evaluation and response

c. When a company ships a product to another country.

a. When a company ships a product to a retailer.

b. When a company ships product to another city in the same country.

d. When a company brings a product into the country for production.

Which of the following are the major sectors on a balance sheet?

b. Assets, liabilities, owner's equity

Historically, women have not received equal pay for equal work even when equally qualified. Today:

d. the disparity continues despite threats of legal action.

a. The discrepancy in pay has shifted back and forth over the decades,women are now paid more than men for equal work when equally qualified.

b. employers maintain strict pay schedules based on firm standards so that all employees start at the same pay level.

b. are mainly concerned with tactical issues.

c. tend to do the work themselves rather than delegate it to others.

d. strive to maintain order and stability.

Which of the following is a true statement?

d. Native ads are fully integrated into a specific delivery platform, such as social media, and are not always identified as advertising.

a. Advertising is a non-paid, non-personal communication.

b. Buzz marketing is usually a more expensive form of promotion than traditional methods.

c. Internet advertising is actually declining as a percentage of all ad dollars spent.

A new employee notices that most employees at the firm are constantly checking and updating their social media accounts. The new employee then assumes it is fine for her to do the same. This decision is based on what type factor?

b. Social Factors Affecting Ethics

a. Opportunity as a Factor Affecting Ethics

c. Individual Factors Affecting Ethics

d. Media Factors Affecting Ethics

The view that society will benefit most when business is left alone to produce and market profitable products and services that society needs is called?

a. The Economic Model of Social Responsibility

d. The Socioeconomic Model of Social Responsibility

Consumerism is defined as…

d. All activities undertaken to protect the rights of consumers.

a. An economic system in which individuals own and operate the majority of businesses that provide goods and services.

b. The purchasing of products for personal or household use.

c. Studying supply and demand of a product in order to achieve an equilibrium price point.

Determining the number of employees a firm may need to hire in the near future is which part of the Human Resources Planning process?

a. Forecasting Human Resources Demand

b. Forecasting Human Resources Supply

In the area of Human Resources, if a manager was dating a subordinate, this would be considered what?

a. An Individual Factor Affecting Ethics

b. A Social Factor Affecting Ethics

d. An Opportunity as a Factor Affecting Ethics

What is the Government’s role in Business Ethics?

a. Developing a code of ethics for a firm

c. Encouraging employees to be “whistle-blowers”

d. Ensuring companies pay the proper taxes

If 1000 new jobs were created in your hometown, which scenario would likely occur in the local housing market?

c. Demand would increase and prices would increase

a. Demand would decrease and prices would decrease

b. Demand would increase and prices would decrease

d. There would be no changes to either demand or prices

Which of the following job titles would NOT be considered a Business Management & Administration job?

a. Vice President of Plant Operations

The recognition that business activities have an impact on society and the consideration of that impact in business decision making is called?

b. Corporate Social Responsibility

The target market is defined as…

b. A population that the business can serve profitably

a. A population that will not buy your product

c. A group of researchers who study a variety of markets

d. A population responsible for your market testing

Which of the following is considered a consumer market segment?

d. All of the above are consumer market segments

A process is defined as….

c. A set of related activities that transform inputs into outputs

a. Stocks of goods or other items held by organizations

b. A software that enables users to test and analyze a product

d. Raw unprocessed facts and figures

Skimming Pricing is defined as….

d. Maximizing profitability by offering new products at a premium price

a. The gap between the cost and the price of an item

c. Providing multiple channels of distribution at low cost

SDC Practice Test Questions

Authored by DAYLA M OWNBY

Business

9th - 12th Grade

Used 17+ times

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50 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount that a company must pay to either borrow money or to owners as a return on their investment called:

a. the vig

b. cost of capital

c. inflation rate

d. discount rate

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of coordinating people and other resources to achieve the goals of an organization is called:

a. Strategic Planning

b. Management

c. Controlling

d. Supervision

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

___________________ involves creating a vision for others to follow, establishing corporate values and ethics, and transforming the way an organization does business so that it is more effective and efficient.

a. Organizing

b. Production management

c. Tactical planning

d. Leadership

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Generally, when the money supply (M1) grows faster than the economy itself, the result is:

a. Inflation

b. Unemployment

c. Supply

d. Economic growth

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a core activity in a supply chain?

a. Inbound logistics

b. Outbound logistics

c. Procurement

d. Retail management

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A body of enforceable rules and principles of conduct is known as:

a. Law

b. Legal system

c. Judicial branch

d. Common law

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The business plan should contain a section that describes the purpose of the business, the reason for it to exist.

a. Values

b. Goals

c. Competitor analysis

d. Mission Statement

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SDC Practice Test Questions

The amount that a company must pay to either borrow money or to owners as a return on their investment called:

The process of coordinating people and other resources to achieve the goals of an organization is called:

___________________ involves creating a vision for others to follow, establishing corporate values and ethics, and transforming the way an organization does business so that it is more effective and efficient.

Generally, when the money supply (M1) grows faster than the economy itself, the result is:

Which of the following is NOT a core activity in a supply chain?

A body of enforceable rules and principles of conduct is known as:

The business plan should contain a section that describes the purpose of the business, the reason for it to exist.

Production Processes Add.....

____________ is the process of evaluating human resource needs and then recruiting, selecting, developing, motivating, evaluating, compensating, and scheduling employees to achieve organizational goals.

What is exporting?

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