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Business Law Mid-Term 2025

Total questions: 50

Worksheet time: 25mins

Name
Class
Date
1.

Which of the following can provide protections to Nike®’s slogan “Just Do It”?

a)

Copyright

b)

Trademark

c)

Patent

d)

Industry design right

2.

Which of the following is NOT one of the possible results of inappropriate Internet use?

a)

Your computer can be attacked by viruses

b)

Your personal information can be used by hackers.

c)

Your identity can be stolen.

d)

Your computer can have hardware problems.

3.

The exclusive right granted to an inventor to manufacture, use, or sell an invention is a

a)

Trademark

b)

Copyright

c)

Trade Secrect

d)

Patent

4.

In which step of starting your business do you look for money to start your business?

a)

Refine your Idea

b)

Determining your legal structure

c)

Assess your Finances

d)

Advertise

5.

In this step of starting a Business you hire people to help you run your business.

a)

Refine your Idea

b)

Determining your legal structure

c)

Build your Team

d)

Advertise

6.

A business organization that has members is a(n)

a)

Corporation

b)

Partnership

c)

LLC

d)

Sole Proprietorship

7.

A business organization where the owners are personally responsible for the business debts a(n)

a)

LLC

b)

Sole Proprietorship

c)

Partnership

d)

C Corporation

8.

What are negative or unfavorable external factors affecting organizations and businesses which should be avoided or eliminated?

a)

Strengths

b)

Weakenesses

c)

Opportunities

d)

Threats

9.

Which of the following is an example of a strength?

a)

Few Competitors

b)

Access to cheap raw materials

c)

Cheaper prices than competitors

d)

Rising income of target market

10.

Which of the following is an example of a threat?

a)

Lack of morale among employees

b)

Poor product design

c)

Rising costs of raw materials

d)

Higher prices than competitors

11.

During active listening, "recalling" is the process of:

a)

Restating the information you have received

b)

Focusing on the information you have received

c)

Interpreting the meaning of the communication.

d)

Taking in all of the information about the communication.

12.

Understanding communication will help you be more effective in communicating with others

a)

True

b)

False

13.

Understanding in communication is achieved when

Some of the involved parties agree on the shared meaning of a message.

a)

True

b)

False

14.

Feedback is:

Both verbal and nonverbal cues

a)

True

b)

False

15.

What is the first step in communication planning?

a)

Identify the Audience

b)

Determine the best method of communication

c)

Outline the communication for delivery

d)

Claify Objectives

16.

Which primary behavior pattern is task-focused, detail-oriented, and introverted?

a)

Inquisitive

b)

Rational

c)

Expressive

d)

Decisive

17.

The diverse nature of your customer population requires you to be conscious of the numerous ways individuals from different cultures interact in a customer service setting.

a)

True

b)

False

18.

Kashikoi Games, a video game company, purchases microchips for their video game consoles from GamerTech International. Which of the following best describes Kashikoi Games in this scenario?

a)

Consumer

b)

Customer

c)

Manufacturer

d)

Producer

19.

Opportunities are considered external factors beyond the control of the organization.

a)

True

b)

False

20.

Corruption among competitors would be considered a weakness.

a)

True

b)

False

21.

In a customer service environment, who should be the "star" of the show and the central focus of all workplace efforts?

a)

The employee

b)

The customer

c)

The company

d)

The media

22.

Which is NOT an inherently applicable characteristic for a customer service representative?

a)

Adaptability

b)

Documentation Skills

c)

Conflict Resolution Skills

d)

Extroverted Personality

23.

When dealing with a customer, you should do exceed the cutomer's expectations.

a)

True

b)

False

24.

Service providers and organizations that put their customers first and spend time, effort, and money identifying and focusing on the needs of current and potential customers are service focused.

a)

True

b)

False

25.

Customer service is a very important part of the companies success

a)

True

b)

False

26.

The first step to creating a Business is ____

a)

Refine your idea

b)

Write a business plan

c)

Assess your finances

d)

Determine your legal business structure

27.

This step helps you define the purpose of your business ____

a)

Refine your idea

b)

Write a business plan

c)

Assess your finances

d)

Determine your legal business structure

28.

In this step you need to consider how you are going to fund your business ____

a)

Refine your idea

b)

Write a business plan

c)

Assess your finances

d)

Determine your legal business structure

29.

In this step you register your company to the IRS _____

a)

Refine your idea

b)

Write a business plan

c)

Assess your finances

d)

Determine your legal business structure

30.

Every business needs to purchase an insurance policy

a)

True

b)

False

31.

One of the responsibilities of operations managers is to IMPROVE the efficiency of product development and manufacturing. Which of the following is needed to help accomplish this task?

a)

A good staffing plan

b)

Product design schedules

c)

Well defined processes

d)

A flat organizational structure

32.

An example of a long-term plan would be

a)

opening a new location.

b)

doing inventory.

c)

winning a sporting event.

33.

Product managers often have to:

a)

Hire the right people to produce the product

b)

Follow a product through its lifecycle

c)

Locate the raw materials needed to productions

d)

Manage the actions of each of their staff members

34.

Designing is a basic management task

a)

True

b)

False

35.

Operations management is the management of:

a)

Testing to ensure quality products

b)

Processes that create products

c)

Human resources in a company

d)

Marketing of the company's products

36.

Determining how to get the product to the right people, in the right amounts, at the right time and place is distribution

a)

True

b)

False

37.

An ongoing effort to foster positive relationships with the public is a sales promotion

a)

True

b)

False

38.

SWOT stands for which of the following?

a)

Strategy, work ethic, optimism, tolerance

b)

Strengths, weaknesses, opportunities, threats

c)

Selling, web presence, overcoming objections, telemarketing

d)

Segmentation, workflow, orientation, targeting

39.

There are four Ps of marketing. Content marketing is part of which one?

a)

Pricing

b)

Place

c)

Promotion

d)

Product

40.

Agents, wholesalers, and retailers are examples of _______.

a)

Consumer

b)

Sales Promotions

c)

Channles of Distribution

d)

Product lines

41.

A SWOT analysis can be used for marketing and product development planning

a)

True

b)

False

42.

Which of these products are goods?

a)

Car Repair

b)

New Tires

c)

Taxi Ride

d)

All of the Above

43.

What is the term for the path that the product follows from the producer to the customer?

a)

Market Share

b)

Physical Distribution

c)

Public Relations

d)

Channel of Distribution

44.

Nutrition data is included on the packaging of a food product. What type of economic utility is shown in this example?

a)

Information

b)

Place

c)

Time

d)

Form

45.

It's important for all elements of the marketing mix to work together. In good marketing strategy, what's at the center of all the efforts?

a)

The product

b)

The business

c)

The customer

d)

The competitors

46.

What is the term that refers to a product's identity, as represented by its name and/or mark?

a)

Brand

b)

Generic

c)

Advertising

d)

Market Segment

47.

What is the term for any form of communication that a business uses to inform, persuade, or remind potential customers about their products?

a)

Marketing Mix

b)

Distribution

c)

Packaging

d)

Promotion

48.

What is the term for a document that lays out the details for how to focus marketing efforts on meeting the customers' needs and wants?

a)

Marketing Plan

b)

Product Life Cycle

c)

Marketing Concept

d)

Breakeven Analysis

49.

Which promotional method involves direct communication between the sales person and the customer?

a)

Public Relations

b)

Sales Promotions

c)

Advertising

d)

Personal Selling

50.

The "4 Ps" (product, pricing, place, promotion) make up which of these items?

a)

Marketing Mix

b)

Product Mix

c)

Customer Relationship Management

d)

Integrated Marketing Communication