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WorksheetsBusiness Essentials State Exam Review
Total questions: 142
Worksheet time: 1hrs 11mins
Why is information management necessary for strategic information in a business?
to write an annual report
to make long-term decisions
to create sales presentations
to develop a short-term advertising campaign
What is the primary reason customers give for not returning to a business?
lack of available parking
lack of advertised merchandise
lack of courtesy from salespeople
lack of customer-service personnel
Which is a true statement about making promises to customers?
It is better to over-deliver
It is better to over-promise
Customers do not remember broken promises
Businesses should not make promises to customers
In the human resource management process, what is the first task to be completed for staffing?
recruiting
determining need
determining job descriptions
screening and selecting applicants
Which behavior best describes the primary business activity of operations?
hiring qualified employees
planning for future success
producing goods and services
keeping accurate financial records
Which is a trend in proper information management?
decreased competition
increased number of workers in an office
decreased number of electronic documents
increased compliance of laws and regulations
When someone says that a business has good internal relations, this means the business has which?
store managers
happy employees
business partners
satisfied customers
Ian works in the marketing department. What is the primary business objective of his department?
to help its corporation merge with another company
to hire qualified employees to perform complex job duties
to meet customers’ needs by offering appropriate products
to prepare for long-term success by planning and organizing
When should customer relations skills, such as courtesy and friendliness, be emphasized during a business’s activities?
during facilities design
during the hiring process
during marketing research
during technology planning
Shannon is the manager and he ensures proper work effort by setting:
job standards.
diversity quotas
hiring objectives.
expense budgets
When Caring Companions and Smiling Pets merged two years ago, what was the most likely effect on the primary business activities of both companies?
All of the primary business activities were unaffected.
Each primary business activity became two smaller business activities.
All of the primary business activities combined into two distinct activities.
Each primary business activity combined with the matching activity of the other firm.
Which statement is true about a management information system (MIS)?
It includes people, processes, and practices.
It is the same thing as an information management program.
It does not assist with a business’s information management program.
It may be one part of a business’s overall information management program.
What is one reason human resources management is important to the success of a business?
Human resources is responsible for customer complaints.
Human resources is responsible for staffing the business.
Human resources is responsible for reducing wasted inventory.
Human resources is responsible for eliminating jobs for the company.
What should employees understand about each customer in order to develop positive customer/client relations?
The customer is in a hurry.
The customer is like most others.
The customer is a possible problem.
The customer is a unique individual.
Which is a reason that the role of human resources management is changing?
Business costs are going down.
The workforce is younger than ever.
There is greater diversity in the workforce.
Employees place a greater emphasis on personal lives.
How can positive customer relations boost productivity?
by ensuring proper bookkeeping
by cutting down on equipment costs
by avoiding wasted time and resources
by creating new manufacturing processes
An office supply company provides discounts to teachers to make them feel important. The company is modeling which activity?
positive customer service
business planning
technology upgrade
communication skills
Which is a characteristic of human resources management?
evaluating sales
working with people
creating inventory list
scheduling production orders
Which activity demonstrates information management?
hiring appropriate employees
researching customers’ needs
conducting employee evaluations
storing and retrieving employee payroll data
Which U.S. law relates to information management?
The Taft-Hartley Act
The Sarbanes-Oxley Act
The Landrum-Griffin Act
The Sherman Antitrust Act
How can information management be a challenge?
No one wants to participate in it.
There is only one right way to do it.
Many people do not understand what it is
There is often not enough data to organize.
A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating which workplace ability?
creativity
natural talent
technical skill
aggressive behavior
How are salespeople who practice good customer relations primarily benefiting a business?
They are promoting poor service.
They are developing repeat customers.
They are preventing customer objections.
They are segmenting the business’s market.
A group of individuals wants to open a museum that will display items from early settlers of the area. The group will charge just enough admission to pay the museum’s operating expenses. Will the museum be a business?
Yes, the museum will be a for-profit business.
No, the museum will be a charitable institution.
Yes, the museum will be a not-for-profit business.
No, the museum will not be considered a business.
Which is an important function of human resources management?
social media
capital investment
domain development
employee recruitment
What is the main purpose of management?
to obtain the needed resources
to accomplish the business’s goals
to reach a specific level of customer
to create accurate financial statements
Which action is a part of information management?
customer service protocols
management of technology
management of security operations
disseminating information for decision-making
Which document, provided either in paper format or in electronic format from a prospective employer’s website, does a company use to collect employment information about a candidate?
license
resume
job application
letter of application
Which word processing document lists one’s detailed work history, educational history, skills, and references?
license
resume
job application
letter of application
Miriam is very polite, kind to her friends, and positive in her outlook. These characteristics are called:
aptitudes
attitudes
flaws
standards
Kaylyn is a department manager for a local retail store. She likes her job and wants to advance within the store. Kaylyn’s current work experience is a:
hobby
step in her career.
part-time position.
momentary liking or a whim.
Which document provides a brief introduction of the employment candidate and includes paragraphs about that person’s qualifications and work experiences?
license
references
job application
letter of application
William plans to graduate high school in six months. Which type of goal is his plan?
ultimate goal
long-term goal
short-term goal
stepping-stone goal
The Equal Employment Opportunity Commission is responsible for:
improving worker health and safety protection.
requiring employers to treat all workers with fairness.
showing prejudicial treatment, especially as an indication of bias.
creating bargaining power and expressing job concerns with employers.
Ashlynn has the necessary knowledge and skill to do her job as a nurse. Which characteristic best describes Ashlynn?
competent
dependable
loyal
responsible
José likes to travel across the country in his recreational vehicle. When he arrives in a new town, he stays at a local campground. He looks for part-time employment while he is in town. The type of work José is looking for is best called a:
career.
hobby
job
routine
Karlee prepares a document to send to a prospective employer. The document includes her address, the prospective employer’s address, and several paragraphs about her work experience, and it ends with an appropriate complimentary closing. This document is called a/an:
resume
occupation
job application
letter of application
Jaron is very athletic and an excellent baseball player. Jaron’s skills are considered his:
aptitudes.
attitudes.
flaws.
shortcomings.
Billy uses his knowledge and abilities to make management decisions in his job. What skills is he using?
analytical
basic
communication
transferable
An employer is looking for an employee who is responsible and answerable. These employee qualities are called:
accountability
ambition
gratitude
professionalism
Isabel wants a career as a nurse. She is working on her CNA certificate while in high school. Next, she wants to receive her registered nurse degree. Lastly, she wants to receive her bachelor of science in nursing. What type of goal is Isabel creating?
strategic goal
attainable goal
short-term goal
stepping-stone goal
Ladasha prepares a document to send to a prospective employer. The document lists her education, work experience, and certifications, and is very formal. This document is called a/an:
resume
occupation
job application
letter of application
A person’s regular field of work or profession, such as a teacher or a nurse, is called a/an:
hobby
occupation
mission
position
Israel can be trusted to do what is right and what is expected or required. Which characteristic does he possess?
forgiveness
irresponsibility
loyalty
responsibility
Myra is typing a letter of application. She writes, “I am applying for the programmer position advertised in the Times Union. As requested, I am enclosing a completed job application, my certification, my résumé, and three references.” What part of Myra’s letter is this?
address
body
closing
salutation
Labor unions allow employees to:
improve worker health and safety protection.
require employers to treat all workers with fairness.
show prejudicial treatment, especially as an indication of bias
create bargaining power and express their job concerns with their employer.
Kathy wants to know whether her boutique made or lost money this month. The financial document she should view is her:
balance sheet
income statement
cash flow statement
statement of owner's equity
The accounting document that shows a business’s revenue and expenses is a/an:
balance sheet.
income statement.
cash flow statement.
statement of owner’s equity.
Jordan owns a successful landscaping business. Landscaping is an example of a/an:
input
inventory
output
service
Isabelle owns a home cleaning business. She invoices her customer and records the transaction as soon as she finishes each home cleaning. Which type of accounting method is Isabelle using?
accrual
cash
cost
managerial
The finance activity regarding how to source income is called:
accounting
acquiring funds
administering needs
making capital investment decisions.
Molly plans out each part of the operations process to ensure the right item is in the right place at the right time. What part of the operations function is this?
marketing
logistics
purchasing
quality control
Connor is working on a billboard to showcase his new service. What part of the marketing mix is he working on?
place
product
promotion
price
The Happy Toys Company Board of Directors has decided to give some of its profits from the year to its shareholders. It has decided to pay a:
bribe
dividend
liability
tax
A change in products will have the most direct impact on a business’s:
distribution
finances
marketing
operations
Jerome makes laptop computers. The laptops are part of his:
input
output
parts
resources
Beth wants to hire a disc jockey for her son’s graduation party. Deanna offers her a promotional package that includes three hours of music, special effect lighting, and a video. Deanna is marketing:
goods
ideas
places
services
Cliff wants to know how much money his business made this year. He wants to know his business’s:
margin
cash flow
end result
bottom line
Cash is an example of:
assets
expenses
equity
liabilities
Which represents the inflow of funds into a business?
cash
debt
expenses
liabilities
Beverly has noticed that during the holiday season, her business needs more inventory, which also increases her:
debits
holding costs
profit and revenue
opportunity for shortages
The purpose of having accounting standards is to:
create jobs for people.
avoid experiencing employee conflicts.
create uniformity between financial statements.
produce documents that look professional.
Isaac buys wood from a lumber mill to make some park benches. The wood is part of his:
inputs
outcomes
outputs
services
The Candy Store is selling more and more chocolate each quarter. Applying the law of supply and demand, what is most likely to happen over the next few quarters?
The price will increase, and the supply will increase.
The price will decrease, and the supply will increase.
The price will increase, and the supply will decrease.
The price will decrease, and the supply will decrease.
A business decides against opening a store in the next town because its research shows the location will be unprofitable. What form of risk management is this?
avoidance
reduction
retention
transfer
A business that buys goods or services and sells them to the ultimate consumer is a:
manufacturer
producer
retailer
wholesaler
What do service businesses sell?
raw goods and services
retail goods and services
intangible goods and services
wholesale goods and services
New Gear studied trends in the marketplace to price their jerseys. There was an abundance of jerseys remaining after meeting the demand creating which market condition?
equilibrium
rationing
shortage
surplus
To prepare for effective decision-making that ensures the efficient delivery of products to the marketplace, one should study:
marketing
economics
job outlooks
supply chains
What is the name for markets with only a few sellers, such as the markets for automobiles, pharmaceuticals, or oil?
oligopolies
monopolies
perfect competition
monopolistic competition
Competition helps create a healthy society by:
creating new jobs.
increasing the money supply.
making new government regulations.
replacing small businesses with large businesses.
What is the economic basis for the private enterprise economic system?
competition
the marketplace
the motive of profit
manufacturer supply chain
The economic resource where people work to produce goods or services are:
capital goods
human resources
natural resources
noneconomic goods
Economic resources that help people be more productive are:
human resources
natural resources
capital goods resources
nonrenewable resources
A characteristic of a seller’s market is:
lower profits.
higher prices.
larger supply.
smaller demand.
A large retailer wants to contribute to the well-being of society. It donates 10% of its proceeds to a charity that helps the environment. The retailer is demonstrating:
e-tailing
social responsibility
voluntary merchandise
wholesaling
A form of demand for products in which changes in price correspond to changes in demand is:
consumer
elastic
equilibrium
inelastic
The two main divisions of the trade industry are:
producers and retailers.
wholesalers and retailers.
wholesalers and producers.
manufacturers and wholesalers.
The Brooks Company produces sneakers and studies trends in the marketplace to price their sneakers. The Brooks Company supplied as many sneakers as consumers demanded to create which market condition?
equilibrium
rationing
shortage
surplus
In 1890, Congress passed a law that prevents monopolies from forming and hinders price fixing. What law is this?
Clayton Act
Robinson-Patman Act
Sherman Antitrust Act
Celler-Kefauver Antimerger Act
ABC Corporation bought a new conveyor belt. What type of good is the conveyor belt?
capital good
natural good
public good
consumer good
Deciding to stay home and study, instead of going to a basketball game, is an example of a/an:
trade-off
capital good
economic want
economic service
Elastic demand is more likely when the good is:
a luxury
imported
lower price
inexpensive
A characteristic of an economic service is that it is:
useful
tangible
nontransferable
free to everyone
Gasoline prices increased 30 cents per gallon. Raylee continued to purchase gasoline because her demand and need to commute to work had not changed. This is an example of what type of demand?
complementary
discretionary
elastic
inelastic
Prices are used in our economy to:
offer excessive demand.
cause no change demand.
encourage excessive supply of products.
determine what goods are to be produced and in what quantities.
When the prices of iPhones increase, the quantity of iPhones offered for sale will increase. This is an example of the law of:
equilibrium
production
shortage
supply
The economic system that adopts the fewest new ideas or improvements is:
communist
market
traditional
socialist
In some places, a company can have exclusive control of the supply of a good or service such as the trash service. This is an example of:
price competition.
price discrimination.
nonprice competition.
a regulated monopoly.
Customers cast economic votes every time they:
buy a product.
visit a business.
give their opinion.
participate in a survey.
Retailing occurs wherever goods are:
researched and designed.
created or manufactured.
traded or exchanged for other goods.
sold to consumers or the ultimate customer.
What is a want that can be satisfied by spending money to consume a good, service, or leisure activity?
economic
limited
noneconomic
unlimited
Arc Electric Company holds regular safety training meetings for its employees. What form of risk management is this?
capital
reduction
retention
transfer
R & R Real Estate company buys errors and omissions liability insurance. What form of risk management is this?
avoidance
reduction
retention
transfer
In a socialist economy, what determines how basic economic questions are answered?
government
products
resources
retailers
Which is an example of a noneconomic want?
a haircut
sport ticket
a concert ticket
rain for the crops
Which factor is a barrier to small-business and entrepreneurial success?
poor management
no vision for expansion
having a clear strategic vision
having a surplus of employees
Monte works for a grocery store that buys food from producers and then sells it to customers. The grocery store is an example of a:
builder
trade industry.
service business.
raw-goods producer.
What economy is based on public or governmental ownership of the production and distribution of goods?
capitalist
mixed
socialist
traditional
All Care pays for all of its expenses this fiscal year. The amount left over after all expenses have been paid is called what?
capital
debt
loss
profit
Under which type of economy does the government own the basic means of production, but with some private ownership of businesses?
command
communism
entrepreneurship
socialism
Inelastic demand is:
variable.
fluctuating.
limited to luxury goods.
unaffected by price changes.
All businesses should be socially responsible to whom?
endorsers
producers
providers
users
If a student purchases a laptop to use for homework assignments, then the computer is considered what type of good?
capital
consumer
industrial
ultimate
A small business is defined as a business employing fewer than how many people?
500
750
1,000
1,500
What is the amount of money paid for raw materials and products sold?
net profit
gross profit
cost of goods
operating expenses
A market structure that features no barriers to entry and has an unlimited number of businesses selling the same products is a/an:
oligopoly
perfect competition
regulated monolopy
monopolistic competition
Negative events which an organization or company has no control over are:
debits
credits
speculative risks
pure business risks
Consumers, producers, and owners of resources use money to create a flow of resources, goods, and services through which economic activity?
consumption
distribution
exchange
marketing
What do producers typically do when prices increase?
increase supply
decrease supply
increase demand
decrease demand
Mrs. Taylor is helping her students create accounting forms in class. They are entering numbers and text to create the forms, which calculate the ending financial information. Which application software are they using?
database
spreadsheet
presentation
word processing
Hugo is creating a book report for his English class. He can create an outline, the report, and a list of works cited all in the same application. Which application software is Hugo using?
database
presentation
spreadsheet
word processing
Bryan would like to send the same e-mail message to multiple people at once. He wants to save their e-mail contact information for future e-mail messages too. Which e-mail service should he use?
virus
attachment
address book
distribution lists
What is the set of computer programs that manage the hardware and software of a computer?
electronic resource
digital connection
operating system
transfer protocol
Tina is an architect who works with engineers to create precision drawings and technical illustrations. What type of computer technology does Tina use?
expert systems
networking technology
computer-aided design (CAD)
Voice over Internet Protocol (VoIP)
What are the programs that instruct computers to perform specific operations?
cookies
software
hardware
information systems
Which application software is designed to create, store, manage, search, and extract information?
database application
presentation application
spreadsheet application
word processing application
What do businesses often develop to be able to store and analyze data for the purpose of making business decisions?
advertisements
employee policies
information systems
machinery operating guides
Outer Banks Transmission Company specializes in automotive repair. Which computer technology helps the mechanic to diagnose car engine trouble? (5.04)
expert systems
networking technology
computer-aided design (CAD)
Voice over Internet Protocol (VoIP)
What is the computerized storage of information and facts called?
database application
telecommuting software
Global Positioning System (GPS)
Personal Identification Number (PIN)
Why do many businesses store information in a computerized database
to maintain client lists
to transcribe word documents
to calculate and chart economic trends
to communicate company policies to employees
Corbin browses for workout gear online. He needs to type in the website address of the company to access the website. This website address is called:
a virus.
a browser.
the World Wide Web (WWW).
the uniform resource locator (URL).
Which software enables users to enter and store their written work as various types of documents?
database
presentation
spreadsheet
word processing
André keeps track of all orders, customer names and addresses, and inventory in an application software. Which application software is André using?
database
presentation
spreadsheet
word processing
Applications and programs that instruct computers to perform specific operations are called:
hardware
networks
satellites
software
Which computer technology uses databases of highly skilled knowledge to offer advice or make decisions in such areas as medical diagnosis and stock exchange trading?
expert systems
networking technology
computer-aided design (CAD)
Voice over Internet Protocol (VoIP)
Berneice received an e-mail with an attachment from an unknown person. She quickly deletes this e-mail because it could contain a/an:
virus
address book
distribution list
spam message
Sahara stores her friends’ and co-workers’ contact information in her e-mail application. Which type of e-mail service is this?
virus
attachment
address book
distribution lists
Jordan is using software to create a letter of application that he will send to a potential employer. Which application software is he using?
database
spreadsheet
presentation
word processing
Anna created a computer program that will alter the way a computer operates without the permission of the user. She attaches this file to an e-mail message. What is this attachment called?
virus
browser
worksheet template
uniform resource locator (URL)
What is a computer system that is part of a larger machine and has a dedicated function to aid in the overall machine operations?
motherboard
embedded system
secondary memory
application programs
Ethan is creating a personal budget to help him manage his income and expenses for the month. He enters all the numerical information and calculates the results. Which application software is Ethan using?
database
presentation
spreadsheet
word processing
An object placed into orbit by humans and mostly used for communication purposes is called:
a port
software
a satellite
a network
What is a system of computers connected together by telephone wires, cable wires, or other means?
driver
network
satellite
software
Piper looks up to her new boss and tries to learn from her behavior as much as possible. However, Piper knows that some of her boss’s actions are unethical. Piper is uncertain whether she should follow her boss’s example. Which ethical dilemma is Piper facing?
greed
a bad role model
pressure from others
the desire to prove herself
Which is a way to show transparency?
XYZ Company makes sure its employees are taken care of.
XYZ Company ensures that all its products are biodegradable.
XYZ Company listens to multiple opinions before making a decision.
XYZ Company is always upfront about the financial situation of the company.
Which question should one ask himself/herself to determine whether one is facing a true ethical dilemma?
Is there money at stake?
Could someone be hurt by the actions?
Does the action make me look good to others?
Is my choice based on the most popular option?
Shayla is not breaking any laws, but her behavior still is unethical. How is this possible?
Because ethical means doing what is easiest.
Because doing what is legal can also be considered unethical.
Because doing what is easiest is sometimes what is considered unethical.
Because the ethical thing to do is always what a group or majority is doing.
Jasmine thinks it is OK to steal a few things from work. Which ethical principle would help her realize that the long-term repercussions of her actions could create an ethical dilemma?
fairness
growth
trustworthiness
viability
Tayshaun acts with honesty in all situations. He is demonstrating:
accountability
integrity
respect
viability
When Tori considers taking something that belongs to someone else, which ethical principle could help her recognize that she is facing an ethical dilemma?
accountability
integrity
transparency
viability
Liam always says “please” and “thank you”. He demonstrates:
trust
respect
integrity
rule of law
