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Business- Partner Quiz

Total questions: 20

Worksheet time: 9mins

Name
Class
Date
1.

(STRATEGY) The means by which companies achieve their goals is…

a)

Management

b)

Accounting

c)

Strategy

d)

Negotiation

2.

(STRATEGY) The 5 Forces Model consists of..

a)

The threat of new entrants & substitute products

b)

The bargaining powers of buyers and suppliers

c)

The rivalry among existing firms

d)

None of the above

e)

All of the above

3.

(STRATEGY) Game Theory didn’t exist as a separate field until a paper was published in…

a)

1928

b)

1860

c)

1982

4.

(STRATEGY) List an example of brand differentiation. (Not Nike)

(a)  

5.

(MANAGEMENT) What techniques do managers use to improve their planning?

a)

All of the above

b)

Forecasting

c)

Benchmarking

d)

Environmental Scanning

6.

(MANAGEMENT) True or False. SMART goals stand for Specific, Measurable, Achievable, Realistic and Timely?

a)

True

b)

False

7.

(MANAGEMENT) Which of the following is NOT an example of benchmarking..

a)

Revenue growth

b)

Qualitative forecasting

c)

Number of units sold

d)

Market share

8.

(MANAGEMENT) PERT planning includes..

a)

Activities Identification

b)

Estimating deadlines

c)

All of the above

d)

Updating PERT charts

9.

(MARKETING) A comprehensive document with direct impact on marketing strategy is…

a)

Product Mix

b)

Variable Costs

c)

None of the above

d)

Marketing Plan

10.

(MARKETING) When creating a marketing plan there are 5 main steps. What are they?

(a)  

11.

(MARKETING) What’s the most difficult of the 4 “P’s”?

a)

Promotion

b)

Place

c)

Price

d)

Product

12.

(MARKETING) Marketing Research consists of..

a)

Focus Groups

b)

Observation

c)

Interviews

d)

Surveys

e)

All of the above

13.

(ACCOUNTING) The action or process of keeping financial accounts is…

a)

Assets

b)

Accounting

c)

Finances

14.

(ACCOUNTING) True or False. The 3 main statements of accounting are expenditure statements, a balance sheet, and cash flow?

a)

False

b)

True

15.

(ACCOUNTING) What are some examples of what an accountant does?

(a)  

16.

(ACCOUNTING) What do cash flow statements do?

a)

Identifies how much cash is lost

b)

None of the above

c)

Identifies how much cash goes in and out

17.

(NEGOTIATION) A strategic discussion that resolves an issue leaving both parties satisfied is…

a)

Negotiation

b)

Subsides

c)

BATNA

18.

(NEGOTIATION) There are 4 negotiation types, which is NOT one of them?

a)

Nibble

b)

Anchoring

c)

Framing

d)

Future Value Focus

e)

Bargaining

19.

(NEGOTIATION)  BATNA stands for, best alternative to a negotiated agreement. It is..

a)

A way into a good deal (A)

b)

A way out from a bad deal (B)

c)

A way to protect you from an unfavorable deal (C)

d)

Both A and C

20.

(NEGOTIATION) Selling your product to one specific retailer is what subsidy..

a)

Intensive

b)

Indirect

c)

Exclusive

d)

Selective