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Worksheets1. Business Management Technical Skills
Total questions: 25
Worksheet time: 25mins
Which of the following is a characteristic of a corporation?
Owned by a single individual
Owners have limited liability
Cannot issue stock
Does not pay corporate taxes
Which type of business structure combines the flexibility of a partnership with the liability protection of a corporation?
Sole proprietorship
Corporation
Limited liability company (LLC)
Cooperative
A sole proprietorship is best described as:
A business owned by two or more partners.
A business owned and operated by one individual.
A publicly traded company.
A government-owned entity.
Which type of business allows shareholders to elect a board of directors to oversee operations?
Limited partnership
Sole proprietorship
Corporation
Limited liability company
In a partnership, the profits and losses:
Are always distributed equally.
Are shared based on the partnership agreement.
Are taxed at the corporate level.
Cannot be distributed to individual partners.
What is the primary purpose of a sales forecast?
To estimate future sales revenue.
To set long-term financial goals.
To calculate past expenses.
To measure employee productivity.
Quantitative data in business analysis refers to:
Data expressed in numbers, such as revenue or sales figures.
Descriptions of customer satisfaction.
Anecdotal feedback from employees.
Historical case studies.
Which tool(s) is commonly used to analyze business performance?
SWOT analysis
Balance sheet
Both A and B
None of the above
What does the “T” in SWOT analysis stand for?
Transactions
Threats
Trends
Targets
Investigating data trends in business is important because:
It guarantees increased revenue.
It helps identify patterns to inform decision-making.
It eliminates the need for financial forecasting.
It replaces strategic planning.
Which of the following is an example of target marketing?
Advertising a product to the general public.
Promoting a product to a specific demographic group.
Reducing the price of a product.
Launching a global marketing campaign.
What is the primary goal of a marketing campaign?
To improve financial forecasting.
To increase awareness and demand for a product or service.
To decrease product costs.
To streamline internal operations.
Which element of the marketing mix involves setting prices for products?
Product
Price
Promotion
Place
What is a major benefit of digital marketing?
It eliminates all marketing costs.
It allows businesses to reach a global audience more efficiently.
It requires less planning than traditional marketing.
It guarantees higher sales.
Using customer feedback to improve products or services is an example of:
Quantitative analysis
Customer-centric marketing
Cost-cutting techniques
Market segmentation
Operating expenses are:
Costs associated with running a business.
Investments in long-term assets.
Profits after all taxes are deducted.
Sales revenue before deductions.
A budget is a financial tool used to: A) Predict future stock prices. B) Allocate and track resources for business activities. C) Avoid paying taxes. D) Determine product pricing.
Predict future stock prices.
Allocate and track resources for business activities.
Avoid paying taxes.
Determine product pricing.
Which of the following is a method to evaluate financial performance?
Reviewing income statements
Assessing customer reviews
Conducting employee satisfaction surveys
Analyzing market trends
Cash flow management is important because it:
Determines the company’s sales forecasts.
Ensures there are sufficient funds to meet expenses.
Guarantees long-term profitability.
Eliminates the need for operating budgets.
What does ROI (Return on Investment) measure?
The total revenue of a business.
The profit generated relative to the investment made.
The company’s operating expenses.
The total sales volume.
What is a tariff?
A tax imposed on imported or exported goods.
A financial incentive for local businesses.
A penalty for violating trade agreements.
A discount offered to international buyers.
E-commerce refers to:
Selling goods and services online.
Exporting goods to other countries.
A government initiative to promote trade.
Investing in local businesses.
Which of the following is a challenge of doing business in a global environment?
Increased brand recognition
Managing cross-cultural communication
Higher domestic demand
Simplified logistics
Free trade agreements are designed to:
Restrict global commerce.
Eliminate trade barriers between countries.
Increase import taxes.
Regulate domestic businesses.
What is an example of adapting marketing strategies in a global environment?
Using the same promotional campaign in all countries
Tailoring advertisements to local cultures and preferences
Increasing prices in foreign markets
Relying solely on digital marketing
