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WorksheetsPractice Management
Total questions: 25
Worksheet time: 13mins
What is marketing?
The study of the brains.
The study of luxury brands.
Human activity named business.
Human activity aimed for satisfying needs.
Which of the following is NOT one of the 4Ps?
Price
Place
Product
Packaging
When you see an advertisement for a store and decide to shop there, which element of the marketing mix has succeeded?
Place.
Product.
Promotion.
Packaging
What was the first era in the evolution of marketing?
Selling.
Marketing
Production
Relationship
A group of people who are most likely to buy a product. The people in this group have similar wants and needs. The statement refers to ________ .
demographic
target market
marketing mix
market segmentation
Any amounts owed by a business and reported on the balance sheet are referred to ________.
profit
assets
liabilities
expenses
What is the MAIN purpose of financial accounting?
Minimize company taxes.
Organize financial information.
Keep track of company expenses.
Provide useful financial information to outsiders.
When a company sells merchandise on account, their accountant will have a journal entry under which account?
Cash
Office equipment
Account payable
Account receivable
Which of these is NOT included as a separate item in the basic accounting equation?
Assets
Liabilities
Revenues
Stockholders equity
Which of the following items would NOT fall under the definition of an asset?
Land
Cash
Machinery
Owner's equity
Managers who train and supervise the performance of nonmanagerial employees, and who are directly responsible for producing the company's products or services, are categorized as ________ managers.
top
middle
general
first line
According to Mintzberg, which of the following lists the three major roles managers fulfil while performing their jobs?
Informational roles, ethical roles, and action roles.
Corporate roles, coordination roles, and informational roles.
Interpersonal roles, informational roles, and decisional roles.
Decisional roles, informational roles, and organizational roles.
An accountant with ________ skills can create a budget, compare the budget to the actual income statement, and determine unnecessary expenses?
human
technical
conceptual
motivational
Which of these is NOT part of the recognized challenges for modern managers?
Managing change.
Managing communication.
Micro-managing the employees.
Managing the learning organization.
What is a social enterprise concerned with?
Profit maximization.
Providing public service.
Maximizing market share.
Running a business to create social benefits.
Which of the following represents qualitative data?
Height of a staff.
Yield from a wheat plot.
The income of a medical doctor in a city.
Liking or disliking of 300 persons of a product.
Which of the following definitions BEST describe about mode?
Largest value.
Value that has the highest frequency.
Value that half of the entries are below, and half of the entries are above,
The average calculated by adding up all the values and dividing by the number of entries.
Middle observation in an arranged set of data is called __________.
mean
range
mode
median
A test is administered annually. The test has a mean score of 150 and a standard deviation of 20. If Johan’s z-score is 1.50, what was his score on the test?
30
130
150
180
From the shown graph, which of the following is a possible value for the median of the below distribution?
17
26
32
40
Which of the following is FALSE about customer services?
Welcoming customer is a good practice.
Customer always right is a good policy at practice.
Staff always updates customers with new information and promo at practice.
Keeps practice in safe and conducive environment will enhance customer satisfaction.
Retail optical business needs the following EXCEPT _______________.
valid business license to operate
registered practitioners to practice
artificial Intelligence for accounting system
standard operating procedures to assist day to day business
Which of the following is NOT TRUE about accounting practice in optical outlet?
To record any transactions
To register all the patient records.
To monitor cash flow of the company.
To stock in and out all optical product purchased by company.
Retail optical business needs the following EXCEPT
Valid business license to operate.
Registered practitioners to practice.
Artificial Intelligence for accounting system.
Standard operating procedures to assist day to day business.
The following are characteristics of good location for Optical Outlet EXCEPT ________.
inside shopping mall
within residential area
within business complex
inside commercial building
