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Test 3 Review Intro to Bus

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

Which marketing function? Design, develop, maintain, improve & acquire products.

a)

product & service management

b)

distribution

c)

financial analysis

d)

marketing information management

2.

Persons who buy products/services mostly for their own use.

a)

retailers

b)

final consumers

c)

business consumers

d)

target market

3.

Research type where a small number of consumers giving opinions in a group discussion.

a)

observation group

b)

survey group

c)

experimental group

d)

focus group

4.

Promotion type most effective and most expensive (per customer).

a)

mass

b)

publicity

c)

advertising

d)

personalized

5.

What a company owes is _?_

a)

assets

b)

liabilities

c)

owner's equity

d)

revenue

6.

Holds data in columns and rows, usually numbers, to perform calculations and what if analysis.

a)

spreadsheet

b)

word processor

c)

database

7.

Which taxes does the employer deduct from employees pay AND the employer also pays a matching amount?

a)

Social Security

b)

Medicare

c)

Sales Tax

d)

Income tax

8.

Financial statement that lists revenue, expenses, net income or net loss for a specific period.

a)

income statement

b)

balance sheet

c)

statement of shareholders equity

9.

Identifies customers that made a purchase using credit.

a)

accounts receivable

b)

accounts payable

c)

customer credit files

d)

depreciation records

10.

Holds data (usually numbers) in columns & rows to perform calculations and what if analysis.

a)

word processing software

b)

spreadsheet software

c)

database software

d)

presentation software