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Marketing Management EOPA Review (Part 1)

Total questions: 100

Worksheet time: 50mins

Name
Class
Date
1.

What type of corporation may be owned by just a few people and does not offer its shares for sale to the general public?

a)

Private

b)

General

c)

Public

d)

Limited

2.

Providing marketing information is an important channel activity. Businesses rely on marketing information to determine

a)

How intermediaries are performing

b)

Their target markets' needs and wants

c)

How much to charge for their products

d)

What to name their products

3.

What can a business do to determine if there are problems with its customer-service levels in relation to its product-distribution strategies?

a)

Conduct a break-even analysis

b)

Evaluate its channel members' performance

c)

Analyze the product's quality standards

d)

Examine the organizational chart

4.

A farmer with a produce stand in the yard is an example of a __________ distribution channel.

a)

Producer to retailer to consumer

b)

Producer to agent to consumer

c)

producer to consumer

d)

producer to wholesaler to consumer

5.

An advantage of using satellite tracking technology in distribution is that it enables businesses to

a)

Analyze the contents of packages

b)

know where shipments are at all times

c)

determine the delivery drivers' qualifications

d)

obtain information about competitors

6.

What is another way to describe financial information that is true, complete, and faithfully represented?

a)

Timely

b)

Understandable

c)

Comparable

d)

Reliable

7.

Which of the following categories of information are found on a balance sheet:

a)

Assets, liabilities, owner's equity

b)

Income, expenditures, profit

c)

Assets, liabilities, margin

d)

Revenues, expenses, profit

8.

Using the cash accounting method, determine the amount of sales that a business would record for one day if it makes $2,300 in cash sales, has COD sales of $450, and places a $300 special order.

a)

$2,300

b)

$2,600

c)

$2,750

d)

$3,050

9.

The administration of assets refers to decisions about

a)

spending

b)

accounting

c)

investments

d)

financing

10.

Labor-union negotiations are part of which HR management activity?

a)

Staffing

b)

Compensation and benefits

c)

Training and development

d)

Employee relations

11.

Which of the following is an example of helpful, printed information that businesses often give new employees during orientation:

a)

Promotional brochure

b)

Annual report

c)

Application form

d)

Company handbook

12.

How do producers benefit from the exchanges that result from marketing?

a)

By gaining repeat business

b)

By controlling their costs

c)

By obtaining unlimited resources

d)

By increasing charitable contributions

13.

The development of goods and services that best satisfy consumer needs and wants is a major goal of

a)

Financing

b)

Purchasing

c)

Product/service management

d)

marketing information managment

14.

A home-improvement company has determined that many of its potential customers will only purchase carpeting from businesses offering a discount. What has the company determined?

a)

Customer buying behavior

b)

Customer shopping types

c)

Customer browsing methods

d)

Customer selling ability

15.

Which of the following is a true statement about B2B (business-to-business) marketing:

a)

B2B marketing strategies work well for consumer marketing, but consumer strategies don't work for B2B.

b)

Only specialty marketing firms undertake B2B marketing.

c)

B2B marketing is more difficult than consumer marketing.

d)

Marketers approach B2B marketing differently than consumer marketing.

16.

Natalie searched for 45-minutes to locate an important file folder, which she found under a pile of papers in an unmarked box that was stored under her desk. What action did Natalie fail to take that would have increased her efficiency and saved the company money?

a)

Using supplies wisely

b)

Staying on task

c)

Staying organized

d)

Observing safety standards

17.

Which of the following is an example of corporate responsibility:

a)

A company hires minority employees.

b)

A company expands its facilities

c)

A company uses recycled materials in its products.

d)

A company pays its taxes on time.

18.

Designing an effective marketing strategy is important

a)

but not possible to achieve

b)

to the success of the business

c)

as a promotion function

d)

as a one-time process

19.

Which of the following is a consideration in the price element of marketing:

a)

Will the business use publicity?

b)

Where will the products be stored?

c)

Should the business offer discounts?

d)

When will research be conducted?

20.

Determining the group of customers that will be the main target for a company's goods/services is done through

a)

market strategy

b)

market segementation

c)

a policy statement

d)

consumer behavior research

21.

Which of the following is an example of a marketing strategy that a business might develop in order to achieve an objective it has outlined in its marketing plan:

a)

Obtaining $1 million in sales

b)

Lowering prices by 5%

c)

Increasing profits by 10%

d)

Reducing operating costs

22.

. Business A spends less on advertising than Business B. Both businesses sell the same products, but Business B charges higher prices than Business A. Which of the following factors has affected the prices of the business:

a)

Place

b)

Supply

c)

Product

d)

Promotion

23.

Why are Universal Product Codes (UPCs) often preprinted on products before the manufacturer ships the products to the business?

a)

to reduce the possibility of theft

b)

To increase the product turnover rate

c)

to simplify the price-marking function

d)

To improve the transportation system

24.

Selling price helps customers to allocate their money because price determines

a)

what customers need to purchase

b)

the value of products to all purchasers

c)

what customers can afford to purchase

d)

the quality of all goods and services

25.

The management function of business is usually responsible for

a)

setting policy

b)

serving customers

c)

preparing ads

d)

stocking shelves

26.

The best way for Melissa to determine if her company will pay the tuition for the class that she is taking at the community college is by

a)

reviewing the production shedule

b)

asking her college counselor

c)

reading the employee handbook

d)

submitting a formal proposal

27.

As an audience member, which of the following should you do to encourage a speaker during an oral presentation?

a)

Smile

b)

Refrain from asking questions

c)

Keep a straight face to communicate that you are serious

d)

Quietly discuss the speech with the person sitting next to you

28.

Sarah is speaking to a customer who is decisive, forceful, and in a hurry. Sarah should

a)

give the customer time to talk about himself/herself.

b)

get to the point of her communication quickly.

c)

discuss detailed statistics and information.

d)

take time to develop a relationship with the customer.

29.

Roberto has just finished giving a presentation about global warming. An obviously irritated audience member stands and says that there is no evidence to prove global warming exists. Roberto calmly reads results from three scientific reports on its existence. Roberto's response is an example of

a)

a transition

b)

an effective conclusion

c)

defending an idea objectively

d)

expressing a cultural barrier

30.

An individual calls your company and asks to speak with your coworker, Rhonda Hoffman. What should you do if Rhonda is not available to take the call?

a)

Advise the caller to call again in a few minutes

b)

Ask the caller if s/he would like to leave a mesage

c)

Tell the caller that you would be glad to take his/her order

d)

Put the caller on hold while you track down Rhonda

31.

What does a group's leader do?

a)

Takes the meeting minutes

b)

Puts the group on a certain course

c)

Makes sure the group members agree

d)

Follows up with everyone

32.

What is a key to effective note-taking?

a)

Creative thinking

b)

Capturing details

c)

Active listening

d)

Using an outline

33.

One computer tool that a businessperson can use to organize online information for a research report is

a)

index cards

b)

mind-mapping programs

c)

statistical applications

d)

online survey services

34.

Alma is preparing a presentation about her department's budget to make to the company president. She wants to use a visual representation of the budget that shows parts in relation to the whole. Alma should consider using a

a)

bar graph

b)

table

c)

line graph

d)

pie chart

35.

The business manager tried to write a promotional letter that was simple, clear, and interesting so that customers who received it would

a)

need to read it many times

b)

easily understand it

c)

find it entertaining

d)

ask what it really meant

36.

The primary purpose of placing headings and subheadings in a long business report is to

a)

attract attention to the writer's hidden agenda.

b)

organize content in a cohesive, manageable way.

c)

provide supporting evidence for key points.

d)

solicit an opinion or response from the audience.

37.

After Lana finishes writing the promotional copy for a direct-mail letter, she plans to proofread and edit her work on her computer. What technique should Lana use to determine if the text is clear and logical?

a)

Correcting grammatical mistakes

b)

Reading the text backwards

c)

Reading the text aloud

d)

Correcting punctuation errors

38.

In addition to his name, address, and phone number, what information should Dwight include in his corporate email signature?

a)

His position, company, and references

b)

His work history, company, and email address

c)

His position, work history, and email address

d)

His position, company, and email address

39.

Which of the following messages is written in a style that focuses on the receiver of the message?

a)

Simply fill out this form and return it to us—it's easy!

b)

We are requiring all customers to complete this form so we can make changes.

c)

Because we want to create a better product, we're sending out this evaluation form.

d)

Please complete this form so that product improvements can be made based on your needs.

40.

Letters of inquiry should be as __________ as possible.

a)

specific

b)

vague

c)

verbose

d)

demanding

41.

. Identify the type of appeal used in the following persuasive message: "This new book is written by Dr. Juliet Browne, who holds a doctorate from the Harvard School of Medicine and is the Chair of the World Health Organization."

a)

Emotions

b)

Reason

c)

Credibility

d)

Shock value

42.

Lucille has created a six-page synopsis to include as a section in the beginning of her 224-page report. What should Lucille call this section when she creates the report's table of contents?

a)

Executive summary

b)

Bibliography

c)

Footnotes

d)

Results and recommendations

43.

A characteristic of simple memorandums written by business employees is that they usually are intended to be read by a(n)

a)

Planning committee

b)

Board of directors

c)

Internal audience

d)

Group of suppliers

44.

Samantha manages the marketing department for a large company and has just hired a new employee to run the company's cooperative advertising program. The most appropriate way for Samantha to advise staff members that a new employee will be joining their team is by

a)

writing a news article for the company's semi-annual newsletter.

b)

making an announcement during the weekly departmental meeting.

c)

posting a short message on her personal weblog

d)

sending a personalized text message to each employee in the department

45.

It is appropriate for a participant to ask questions during a staff meeting when

a)

the agenda is being distributed

b)

another participant is speaking

c)

s/he needs a point clarified

d)

s/he does not agree with the speaker

46.

What is often the result of positive customer/client relations?

a)

Additional stress

b)

More competition

c)

Repeat business

d)

Increased training

47.

Employees can demonstrate their customer-service mindset by using good

a)

business activities

b)

promotional plans

c)

telephone techniques

d)

marketing strategies

48.

What is an example of an employee reinforcing a service orientation through communication?

a)

Telling customers they are misinformed

b)

Offering to find information for customers

c)

Agreeing that customers are always right

d)

Selecting certain customers to help

49.

Which of the following is an example of a customer inquiry about a product that an employee might need product knowledge in order to handle:

a)

Is it designed to last?

b)

Is financing available?

c)

Is delivery included?

d)

Is there a return policy?

50.

When doing business with clients from another culture, you should always be sure to

a)

use humor to ease tension and make everyone more comfortable.

b)

take the opportunity to tell the other person how you do things in your culture.

c)

research the culture and history of the people with whom you're doing business.

d)

always speak English, since it's considered the international language of business.

51.

What type of business policy is designed to attract customers by making the purchasing experience more convenient for them?

a)

Flexible

b)

Employee

c)

Product

d)

Service

52.

Salespeople sometimes have difficulty meeting the needs of customers who are

a)

agreeable

b)

silent

c)

decisive

d)

patient

53.

How can the salesperson try to reduce the number of customer complaints about the products customers buy?

a)

By using high-pressure selling techniques

b)

By identifying the customer's real needs

c)

By approaching customers as soon as possible

d)

By advising the customer from personal experience

54.

There are several auto repair shops in town, but Patricia's stands out. Her auto repair shop does great work, but what really sets her shop apart is the customer service. Every customer is greeted by a friendly employee, and s/he is given snacks and drinks while s/he waits for the repairs to be completed. The great customer service that people can expect from Patricia's business is considered her

a)

tagline

b)

brand promise

c)

vision

d)

mission statement

55.

When Mr. Schwarz's order did not arrive at the expected time, he called Karl, the salesperson with whom he had placed his order. Karl apologized for the delay and told Mr. Schwarz that he would check into the issue. After Karl talked with the transportation company, he immediately called Mr. Schwarz to let him know where the order was and when to expect delivery. Mr. Schwarz thanked Karl for getting back with him so quickly. In this situation, Karl reinforced the company's image by

a)

delegating work tasks

b)

giving vague answers

c)

providing efficient follow-up

d)

complimenting the customer

56.

Why is it important for businesses to monitor customer purchases?

a)

To satisfy consumers' needs and wants

b)

To block consumers' economic votes

c)

To promote slow-selling merchandise

d)

To classify their products

57.

Natural resources are provided by nature, and capital resources are provided by

a)

machinery

b)

people

c)

technology

d)

automation

58.

What might cease if producers decide that their incomes are inadequate to continue making goods and services?

a)

Consumption

b)

Competition

c)

Compensation

d)

Communication

59.

T-shirts sold at music concerts that are imprinted with a rock group's name are examples of products that have __________ utility.

a)

service

b)

form

c)

price

d)

intangible

60.

What type of market likely exists when a local automobile dealer has many cars for sale at low prices but demand is low?

a)

Elastic

b)

Buyer's

c)

Seller's

d)

Inelastic

61.

Which of the following is an example of excess demand:

a)

Price = $500, demand = 500, supply = 500

b)

Price = $400, demand = 600, supply = 400

c)

. Price = $600, demand = 400, supply = 600

d)

Price = $700, demand = 300, supply = 700

62.

Who owns a good if the good is used in performing a service for a customer?

a)

The business performing the service

b)

The customer who buys the service

c)

The producer of the good

d)

The supplier of the good to the business

63.

Which of the following is a function that is an important part of the human resources management activities of business:

a)

Promoting

b)

Pricing

c)

Selling

d)

Staffing

64.

Which of the following types of economic systems would offer the most benefits to business owners and to their employees:

a)

Market

b)

Socialist

c)

Communist

d)

Traditional

65.

The differences in the education and skills of the workforce are reasons why market economies usually experience

a)

unequal income distribution.

b)

low unemployment levels

c)

unpredictable taxation rates

d)

minimal profit margins.

66.

During the summer, wildfires swept through Montana and consumed many homes and businesses. Business owners rebuilt their businesses because they believed that the risk involved with wildfires was "just part of doing business in Montana." Which type of risk did the business owners encounter?

a)

Natural

b)

Economic

c)

Human

d)

Incompetence

67.

Which of the following pairs of businesses are examples of indirect competitors:

a)

Wendy's and Kentucky Fried Chicken

b)

Pizza Hut and Wendy's

c)

JC Penney and Pizza Hut

d)

Kentucky Fried Chicken and Pizza Hut

68.

Which of the following does not give exclusive ownership of certain types of property to individuals:

a)

Patent

b)

Trademark

c)

License

d)

Copyright

69.

. By counting the number of gifts wrapped at the gift-wrapping booth in a local mall, you are determining

a)

Input

b)

Output

c)

Ratio

d)

Technology

70.

One advantage of labor specialization by job task is that workers'

a)

pride in the finished product increases

b)

morale improves

c)

dependency increases

d)

tranfers in the industry are easier

71.

Rumors were flying at Bennett Corporation that the company was planning staff layoffs. Management did not address the issue with employees, so the work environment became tense and distrustful. This is an example of how grapevine communication can

a)

prepare employees for changes

b)

generate fear in the workplace

c)

enchance the company's image

d)

influence the company's policies

72.

Which stage of negotiation do many people consider the most important part of the process:

a)

Preparation

b)

Concession

c)

Assessment

d)

Mediation

73.

Your coworker Tim tells you that he has been experiencing a lot of stress at work lately. What is the best advice that you could give Tim that may help him more effectively manage his stress on a daily basis?

a)

Suggest that he reassign some of his work to others

b)

Tell him to use deep breathing and visualization techniques

c)

Encourage him to take on additional projects so he doesn't focus on the stress

d)

Persuade him to take an unpaid leave of absence

74.

Which of the following is a true statement about the consensus-building process:

a)

It should involve only one or two ideas.

b)

It should always be conducted formally.

c)

It varies from group to group.

d)

It works best with only two people.

75.

Eric sends staff members an email stating that their department's performance during the third quarter exceeded the company's goals, so each of them will receive a $200 bonus. What technique is Eric using to motivate staff members to continue the good work?

a)

Financial incentive

b)

Verbal encouragement

c)

Acknowledge plaque

d)

Public recognition

76.

The following statement appeared in an online journal article written by Dr. Lydia Garrett: “Dr. Sanderson has limited expertise in the area of biophysics, and I do not believe that he has conducted enough research to support his theory.” This is an example of:

a)

an opinion

b)

supporting evidence

c)

hearsay

d)

a fact

77.

You have been asked to quickly locate information comparing the number of home foreclosures in Arkansas in 2000 with those in 2010. Which of the following searches should yield the fastest, most relevant search results:

a)

"home foreclosures"; Arkansas; years: 2000 OR 2010

b)

"home foreclosures in Arkansas in 2000 OR 2010"

c)

Arkansas home foreclosures between 2000, 2010

d)

“home foreclosures; Arkansas”; “2000 OR 2010”

78.

Which of the following sources is most likely to contain timely information:

a)

A second edition history textbook that contains a 2000 copyright date

b)

A journal article about a medical breakthrough that was published a decade ago

c)

A stock table that appeared in a national newspaper on January 14, 2010

d)

A technical-trends report that was written on February 5, 2011

79.

What is the best way for Michelle to organize the information that she has collected for a research report that she is writing?

a)

Edit her draft

b)

Create the appendices

c)

Correct grammatical errors

d)

Develop an outline

80.

Chloe recently took over the family business so that her parents could retire. While reorganizing her dad's desk so that she could use it, Chloe found several 5.25-inch floppy disks. She'd like to find out what is stored on each disk, but she doesn't have a computer with a floppy disk drive. She can't access the data on the disks because floppy disks have become

a)

networked

b)

destructive

c)

obsolete

d)

decentralized

81.

Wireless networks are now more common due to

a)

information overload

b)

increased distribution of the workforce

c)

government regulations requiring them

d)

increased competition

82.

Which of the following is not considered a technological innovation:

a)

The wheel

b)

The weather

c)

The internet

d)

The cell phone

83.

Payroll, hotel reservations, and sales orders are handled by a(n) __________ type of information system.

a)

executive support system

b)

knowledge work system

c)

decision support system

d)

transaction processing system

84.

Which of the following is the primary computer-system tool used to input data:

a)

Software

b)

Printer

c)

Keyboard

d)

Hardware

85.

To use various software programs, a computer must have a(n)

a)

search engine mechanism

b)

internet connection

c)

operating system

d)

task toolbar

86.

Which of the following is an umbrella term referring to any type of Internet transaction:

a)

URL

b)

E-commerce

c)

Business

d)

Website

87.

Joseph received an email message from his supervisor and wants to send it to his coworker, Jackie. What email function key would Joseph use to send the message to Jackie?

a)

Reply

b)

Forward

c)

Edit

d)

New

88.

What types of applications help computer users manage their appointments and work activities through email software programs?

a)

Task, calendar, and contact functions

b)

Calendar, addrss book, and view mechanisms

c)

Contact, workbook, and view settings

d)

Address book, task, workbook features

89.

Where in the Microsoft Word word-processing program should you look to determine what page of a document you're on and how many words are in the document?

a)

Status bar

b)

Ribbon

c)

Quick access toolbar

d)

Title bar

90.

What is the visual tool in presentation software that smoothly moves one slide into the next slide?

a)

Transition

b)

Animation

c)

Quick Access Toolbar

d)

Title Bar

91.

A business wants to send a mailing to all customers who have ordered at least $2,500 in merchandise in the past year. To obtain the appropriate list of customers, the business should set the query by

a)

credit rating and location

b)

last name and account number

c)

product code and zip code

d)

sales dollars and dates

92.

Which of the following statements is true of spreadsheets:

a)

"Row" and "column" are interchangeable terms.

b)

A cell is where a column and row intersect

c)

A column is horizontal, while a row is vertical

d)

A row is where a column and cell intersect

93.

Which of the following is an example of an integrated software application:

a)

URL

b)

Java

c)

SMS

d)

Point-of-Sale

94.

A primary advantage to businesses that use groupware computer applications is that they can

a)

boost liability

b)

increase efficiency

c)

decrease output

d)

reduce competition

95.

Ken is developing a web page for a new bed-and-breakfast inn. He wants to add information on the web page that describes local tourist attractions and restaurants. To allow website visitors the ability to visit these other websites from the bed-and breakfast inn's website, Ken should create

a)

a site map

b)

portals

c)

cookies

d)

hyperlinks

96.

Businesses often obtain marketing information to

a)

monitor trends

b)

implement procedures

c)

delegate authority

d)

investigate terms

97.

In planning marketing activities and in making marketing decisions, marketers use a variety of data gathered by a(n)

a)

Marketing information management system

b)

double-entry bookkeeping system

c)

file of employee records

d)

inventory control system

98.

Computerized databases make it possible for marketing researchers to

a)

obtain desired information immediately

b)

limit their use of biographical databases

c)

gain unrestricted access to statistical data

d)

reduce the use of off-line data collection methods

99.

A marketing-research project that gathers sufficient information to help the business in its decision making would be described as

a)

predictive

b)

efficient

c)

tedious

d)

thorough

100.

Before introducing a product to the marketplace, a business might monitor its competitors' ___________ strategies.

a)

training

b)

scheduling

c)

auditing

d)

pricing