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WorksheetsPBMF 2024 Mid-Term
Total questions: 50
Worksheet time: 25mins
Which of the following is NOT an employability skill?
Ethical behavior
Teamwork
Technology
Sales
Which of the following describes mannerisms?
Style of speaking or behaving
Dressing appropriately
Values and standards
Working effectively with others
Which of the following is a leadership skill?
Breaking new ground
Anticipating problems
Treating everyone fairly
Prioritizing
Which of the following is important when using technology?
Governance
Credentialing
Ethical conduct
Preparation
Which of the following is a way to exhibit professionalism?
Certifications
Teamwork
Technology
Speech
Which of the following is considered the most important skill in the workplace?
Effective communication
Knowledge of technology
Certifications or licensures
Leadership strategies
. Which of the following is considered a Knowledge of Technology skill?
Teamwork
Creating a final Product
Active Listening
Willingness to learn
Which of the following defines employability?
A specific style of behavior in the workplace
Positive work behaviors and personal qualities which make individuals more likely to gain employment and succeed in their chosen career
. Arriving at work on-time and successfully completing the tasks assigned
Recognizing the questions which relate to goals, purpose and needs
Time Management may NOT lead to which of the following?
. Better professional status
Less stress in the workplace
Greater productivity and efficiency
Advanced degrees
Which of the following is NOT a problem-solving strategy?
Developing a Process
Use of Technology
Anticipating Problemes
Brainstorming
Which type of business produces processed goods by changing raw goods into a more finished form?
Intermediaries
Service Firms
Processors
Producers
Which of the following is an example of a non-profit organization?
Beauty Salon
Salvation Army
ITT Technical Institute
Amazon
The employment process is carried out by which department?
Marketing
Distribution
Management
Human Resources
Intrinsic motivation occurs internally and includes enjoyment and accomplishment
True
False
Group training gives employees hands-on practice with supervision.
True
False
The focus of the maturity stage (stage 3) in the product life cycle is to build customer satisfaction and recognize competitors entering the market.
True
False
Psychological needs are those for necessities such as safety, security and health
True
False
A system used to record, classify, summarize and report the financial position of a business is known as which of the following?
Management
Distribution
Accounting
Human Resources
Direct marketing channels use intermediaries such as wholesalers and retailers.
True
False
The four main parties in a distribution channel are manufacturers, wholesalers, retailers and consumers.
True
False
The matching phase consists of conducting market research to find potential customers.
True
False
Cross-docking is the re-routing of inventory through a warehouse.
True
False
Sam wants the markup percentage on the shirts he is selling to be 19 percent. If the shirts cost Sam $13 each, how much should he charge customers for each shirt?
$32.00
$24.70
$15.47
$13.19
. Rebecca needs to sell her store’s remaining stock of coats and gloves, so she holds a one-day blowout sale and tells customers to “get it before it is gone.” What type of strategy is Rebecca using?
Hard Strategy
Soft Strategy
Push Strategy
Pull Strategy
If a wholesaler purchases laundry detergent at $2.00 per bottle and decides to set the markup percentage at 27 percent, what will the wholesaler’s profit be per bottle?
$0.27
$.0.54
$2.27
$2.54
Which of the following is the formula used to calculate inventory turnover?
Average inventory - cost of goods sold
Cost of goods sold - average inventory
. Average inventory ÷ cost of goods sold
Cost of goods sold ÷ average inventory
The costs of maintaining inventory in a company’s warehouse are referred to as which of the following?
Cost of goods sold
Inventory markup costs
. Inventory carrying costs
Cost of distribution
Which of the following is the “ideal” inventory turnover number?
Less than 2 Hours
Between 2 and 4
Between 4 and 6
There is no “ideal” number applying to all companies
Which of the following types of utility enhances value by creating more useful or desirable products out of raw materials or separate parts?
Possession
Time
Form
Information
Which of the following is NOT one of the basic economic questions listed in the presentation?
What goods and services do we produce
How do we produce those goods and services
. When will we produce those goods and services
Who should benefit from the goods and services produced
When companies are understaffed employees can become overworked, cause a hostile work environment and increase the time of production.
True
False
An economic system in which there is increased government involvement where the goal is to keep prices low and provide jobs for everyone is known as which of the following?
Capitalism
Socialism
Communism
Free enterprise
Unprofitable firms negatively affect the economy by increasing the job market and increasing salaries and benefits.
True
False
When describing supply and demand, which of the following defines when a product is demanded in larger quantities than is produced?
Surplus
. Equilibrium
Demand
. Shortage
Gross National Income includes all of the income earned by a country’s residents and businesses including those earned abroad.
True
False
amount of a good producers are able and willing to sell at various prices during a certain period
Demand
Supply
Profit
Elasticity
amount of product a consumer is willing and able to purchase at given prices
Demand
Supply
Profit
Elasticity
measures the responsiveness of consumers or companies to a change in price
Demand
Supply
Profit
Elasticity
If the price of hamburgers rise, but the price of hot dogs remains the same, which are suppliers more likely to supply?
Hamburgers
Hotdogs
Which of the following measures the responsiveness of producers to a price change?
Marginal Cost
Elasticity of Supply
Utility
Equilibrium
Which term describes the level of satisfaction derived from consumption of a good?
Marginal cost
Elasticity of Supply
Utility
Equilibrium
The place where the supply curve intersects the demand curve is known as which of the following?
Marginal cost
Elasticity of Supply
Utility
Equilibrium
Customer willingness depends on which of the following?
Advertising and promotion
Prices and personal financial habits
. Inflation and currency conversion
All of the above
Which of the following are the beginning step in the manufacturing process?
Builders
Manufacturers
Traders
Producers
Which of the following are a good indicator of economic health and employ a significant percentage of the American workforce?
Builders
Manufacturers
Traders
Producers
When was the World Trade Organization established?
2005
1995
1985
1975
Which of the following is the formula for determining a country’s balance of trade?
. Total exports - total imports
. Total exports + total Imports
. Total exports x total imports
Which of the following is NOT a way money moves from one country to another?
Tourism
Foreign investments
Foreign Policy Development
Imports and Exports
Imports are goods countries need that they buy from other countries
True
False
Exports are extra goods countries sell to other countries
True
False
