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WorksheetsPOBF
Total questions: 109
Worksheet time: 57mins
concerning
In which part of a SMART goal would one track progress towards his/her outcome?
specific
measurable
realistic
timely
Doug is 18 yrs old and has decided to run for president wen he turns 35. He has set which type of goal?
long term
short term
unattainable
unrealistic
In the decision-making process, which step occurs after the need is determined?
acting on the decision
considering the choices
gathering the information
making a decision
Employees who have innovation skills are able to:
socialize effectively
behave aggressively
think in new ways
react to problems
Several employees are facing the possibility of being laid off from work. By concluding that they should look for new jobs before that happens, they are:
solving problems
doing research
asking questions
gathering information
A paradigm innovation occurs when:
a major shift in thinking cause change
processes are being improved to generate benefits
the product is marketed in a different way
there are improvements on the products
Which is an internal factor that might influence a business owner's decision making?
opinions of others
competitor's activies
comfort with risk
market share
When Delores is finding solutions for obstacles at her job, she is:
decision making
inventing
innovating
problem solving
The newly designed Toyota Corolla is an example of:
product innovation
process innovation
position innovation
paradigm innovation
Which type of innovation occurs when the new product is released to the public?
paradigm
position
product
process
After an employee collects the necessary facts, what is the next step that an employee should take to solve a problem?
analyze the information
define the problem
act on assumptions
make a decision
An improtant problem solving skill for individuals to have is the ability to be:
aggressive
objective
economical
judgemental
Shannon's best friend has been excluding her lately. They were supposed to go shopping together, but her friend called and canceled. Shannon is upset about it. This is an example of which type of problem?
peer
work
school
professional
The primary reason that governments develop workplace health and safety regulations is to:
protect employees from injury and illness
reduce the risk of employment discrimination
ensure that employees have access to insurance
prevent the breach of business infromation systems
One way a business can reduce the risk of accidents in the workplace is by providing its employees with:
safety training
electronic data interchange (EDI)
supply manuals
weight-loss programs
Maintaining an inventory of supplies helps a business to:
establish sales goals
operate efficiently
locate vendors
evaluate prcoessess
Which question should be answered by the purchasing function?
How can we inform customers of avaliable merchandise?
How much merchandise should we buy?
How will merchandise be shipped to us?
How can we protect merchandise form pilferage?
Trey compares the prices offered by different vendors for the same goods and services. Which part of the purchasing process is Trey involved in?
price fixing
bid analysis
invoice payment
receipt of goods
Some businesses use an automatic reorder system to maintain an adequate:
budget for expenses
work enviornment
inventory of supplies
maintenance system
By purchasing just the quantity of supplies that is needed, purchasing can:
plan the company's cash flow
provide an uninterrupted flow of supplies
buy supplies at the lowest possible price
minimize inventory investment
The first step in maintaining an inventory of supplies for the business is to:
conduct research to find vendors that sell the supplies.
develop a list of supplies that the business needs.
compare prices among vendors.
organize a space to store the supplies.
Which is a example of a short-term objective?
becoming president of a large corporation
paying off a twenty-five-year mortgage
finishing a six-week computer software course
becoming fluent in a foreign language
What production activity evaluates products to make sure that the products the business produces meet certain quality standards?
form utility
automation
follow-up
standardization
Which is a benefit of putting one's goals in writing?
makes the goals attainable
develops one's perseverance
clarifies the goals
provides a challenge
Which processes turn economic resources into goods and services?
distribution
marketing
promotion
production
What is one of the most important components of the production process?
new technology
goods and services
human resources
inputs and outputs
Jessie is designing a new style of bracelet to sell at school to raise money for FBLA. She has sold so many bracelets that she has assigned other members of FBLA to assist her in making the bracelets. Which production activity step is this?
planning
purchasing
production
dispatching
What is one of the most important components of the production process?
new technology
goods and services
human resources
inputs and outputs
Jessie is designing a new style of bracelet to sell at school to raise money for FBLA. She has sold so many bracelets that she has assigned other members of FBLA to assist her in making the bracelets. Which production activity step is this?
planning
purchasing
production
dispatching
Kim invests heavily in a marketing campaign to stimulate sales for her company. What type of management process is this an example of?
active management
Proactive management
Laissez-faire management
Strict management
Kim invests heavily in a marketing campaign to stimulate sales for her company. What type of management process is this an example of?
active management
Proactive management
Laissez-faire management
Strict management
What is one of the main reasons why businesses need to keep accurate accounting records?
to follow procedures
to control expenses
to eliminate risks
to regulate taxes
Businesses would not be able to determine if they are meeting their financial goals without accurate:
production plans
marketing plans
accounting systems
distribution systems
Businesses use the information collected through the accounting process to prepare accurate:
balance sheets
purchase orders
inventory forms
promissory notes
Assets a company already owns and can use to finance a new venture are called:
accounts payable
dividends
return on capital
equity
When businesses invest funds to expand, they are involved in the process of:
selling
depreciation
finance
capitalism
The role of finance in business often involves:
monitoring expenses
paying employees
buying supplies
obtaining funds
The first step to maintaining an inventory of supplies for the business is to:
Conduct research to find vendors that sell the supplies.
Develop a list of supplies that the business needs.
Compare prices among vendors.
Organize a space to store the supplies.
Primetime Incorporated is a retailer of sporting gear. It sells 350 pairs of a specific Nike sneaker each day. Nike, the supplier, takes a week (9 days) to deliver the order. For what quantity should the inventory manager place his/her next order?
72 units
9050 units
3150 units
4000 units
Which is an example of a short-term objective?
Becoming president of a large corporation.
Finishing a six-week computer software course.
Paying off a twenty-five-year mortgage.
Becoming fluent in a foreign language.
Which is a benefit of putting one's goals in writing?
Makes the goals attainable.
Develops one's perseverance.
Provides a challenge.
Clarifies the goals.
Jessie is designing a new style of bracelet to sell at school to raise money for the FBLA. She has sold so many bracelets that she has assigned other members of FBLA to assist her in making the bracelets. Which production activity step is this?
Dispatching
Production
Planning
Purchasing
One way a business can reduce the risk of accidents in the workplace is by providing its employees with:
safety training
electronic data interchange (EDI)
supply manuals
weight-loss programs
Mark, who owns a small home-appliance store, is in the process of placing an order for 12 refrigerators, 8 stoves, and 4 portable dishwashers. Mark is purchasing the refrigerators for $674.98 each, the stoves for $493.22 each, and the portable dishwashers for $284.83 each. What is the total cost of the stoves that Mark is purchasing?
$493.22
$3945.76
$2278.64
$5399.84
By purchasing just the quantity of supplies that is needed, purchasing can:
plan the company's cash flow.
provide an uninterrupted flow of supplies.
buy supplies at the lowest possible price.
minimize inventory investment.
Maintaining an inventory of supplies helps a business to:
establish sales goals.
operate efficiently.
locate vendors.
evaluate processes.
What production activity evaluates products to make sure that the products the business produces meet certain quality standards?
form utility
automation
follow-up
standardization
The primary reason that governments develop workplace health and safety regulations is to:
protect employees from injury and illness.
reduce the risk of employment discrimination.
ensure that employees have access to insurance.
prevent the breach of business information systems.
Trey compares the prices offered by different vendors for the same goods and services. Which part of the purchasing process is Trey involved in?
price fixing
bid analysis
invoice payment
receipt of goods
Which processes turn economic resources into goods and services
distribution
marketing
promotion
production
Which question be answered by the purchasing function?
How can we inform customers of available merchandise?
How much merchandise should we buy?
How will merchandise be shipped to us?
How can we protect merchandise from pilferage?
What is one of the most important components of the production process?
new technology
goods and services
human resources
inputs and outputs
Which is an umbrella term referring to any type of Internet transaction?
URL
e-business
e-commerce
website
An electronic planning device that many employees use to keep track of their activities is an example of a:
time-management tool
communication system
web-based program
presentation application
Which is an important component of computer systems?
Internet
website
software
e-commerce
What do businesses often develop to be able to store and analyze data for the purpose of making business decisions?
survey methods
operating procedures
information systems
management policies
Which is available to all people around the world who have access to a computer that has connectivity?
extranet
broadband
intranet
Internet
Businesses assess their information needs to determine they type of information that will help them deal with:
ethical issues
job applicants
personal relationships
specific problems
Monitors, keyboards, and hard drives are examples of computer:
language
networks
hardware
standards
Which allows a computer to search and access information on the Internet?
cookie
folder
browser
server
Which is a way that businesses often use database software programs?
to prepare promotional material
to organize vendor information
to calculate weekly payroll
to diagram work schedules
The set of computer programs that manages the hardware and software of a computer is the:
electronic resource
digital connection
transfer protocol
operating system
Many presentation software programs allow users to:
publish web pages
copyright their graphics
include voice narration
design organizational charts
Businesses often use word-processing computer software to produce:
detailed reports, memos, and contracts
complex graphics, letters, and reports
research reports, spreadsheets, and tables
business plans, contracts, and spreadsheets
Why do many businesses store information in a computerized database?
to maintain client lists
to monitor economic trends
to communicate with vendors
to transmit documents
Which is a standard capability of spreadsheet software?
to graph data
to create slides
to prepare text
to manage files
Which is a capability of a presentation software program?
connecting several computers
copying and printing documents
combining animation and sound
calculating mathematical data
What type of software program would a business use to analyze its operating expenses and level of sales?
database
presentation
spreadsheet
communication
Marketing links producers to
distributors
retailers
marketers
customers
Marketing is described as creating
exchanges
needs
advertisements
gaps
What provides the basis for all marketing goals and actions?
Pricing
Planning
Budgeting
Retailing
Which of the following is a method used to communicate with customers:
Personal selling
Manufacturing
Customer orientation
Marketing concept
Which of the following is an example of communicating with customers:
Creating a new product
Sponsoring a charity event
Choosing a store to distribute products
Developing a marketing plan
The purpose of communicating with customers is to
gather participants for a survey
befriend customers
determine prices
attract customers’ interest
Of the following, which is a durable good:
Coffee mug
Insect repellent
Hamburger
Lip balm
Which of the following items cannot be marketed:
Holiday
Health
Hopefulness
Hawaii
In the marketing concept, whose point of view matters most?
Seller’s
Buyer’s
Marketer’s
Planner’s
According to the marketing concept, which option demonstrates customer orientation?
Convincing a buyer to buy
Researching a firm’s competitors
Finding out what a buyer wants
Advertising the features of a product
According to the marketing concept, which option shows company commitment?
Leaving marketing to the marketing department
Teaching marketing to college marketing students
Setting aside funds to research what customers want
Pricing a product to maximize profitability per item
According to the marketing concept, which option shows company commitment?
Leaving marketing to the marketing department
Teaching marketing to college marketing students
Setting aside funds to research what customers want
Pricing a product to maximize profitability per item
Overall, what does marketing allow us to do?
Stop buying online
Live our daily lives
Feel better about shopping
Limit our spending
Which of the following is the most common reason for businesses to search for ways to make their products better and cheaper:
Competition
Publicity
E-commerce
Service marketing
Marketing encourages people from different countries to __________ frequently.
travel
train
think
trade
