WorksheetsOctober One Georgia Call
Total questions: 30
Worksheet time: 40mins
1. the business agreement under which a business distributes the goods or services of a parent company is called
partnership
corporation
franchise
proprietorship
A memorandum is typically used for communication that takes place
within a business.
among competitors.
infrequently.
between friends.
Businesses that carry a considerable assortment of goods but only one or a few related product lines are __________ businesses.
specialty
discount
service
limited-line
Legal protection of an invention or a process granted by the government to its owners for a certain number of years is a
license.
copyright.
patent.
trademark.
If Delia needs to determine the dollar amount of office supplies that her company purchases from the XRT Company each month, she should review
A. customer invoices.
B. production status reports.
C. sales reports.
D. accounts-payable records.
A type of security problem that involves deceiving or cheating a business out of money or property is
A. pilferage.
B. burglary.
C. fraud.
D. robbery.
In supply chain management, holding costs (including warehouse expenses and costs associated with theft or shrinkage) fluctuate based on the amount of output created by the production process. Holding costs are an example of __________ costs.
A. variable
B. direct
C. fixed
D. order
A business orders 10% more widgets than it needs because the supply of and the demand for widgets have been difficult to forecast in recent months. This is an example of a business ordering __________ inventory.
A. buffer
B. maintenance
C. perpetual
D. customary
Which of the following is an example of direct mail:
A. Broadcasting a TV commercial
B. Mailing a brochure to a consumer's home
C. Developing a sales presentation
D. Reading a manufacturer's information
Your annual income, inheritance, and money from the sale of an asset are all considered events that contribute toward
A. tax liability.
B. tax loophole.
C. sales tax.
D. untaxable income.
A marketing survey that contains questions that are to be answered on a scale of 1 to 5, with 1 being the worst and 5 being the best, is an example of
A. coding.
B. marking.
C. sorting.
D. tabulating.
Hannah doesn’t lie to her boss because she thinks about the long-term repercussions of her actions. Hannah is thinking about
A. peer pressure.
B. greed.
C. respect.
D. viability.
A business borrowed $4,000 from the Fifth National Bank. The business owns $7,000 worth of inventory and still has $24,000 of its original initial investment in the business. What is the liability of the business?
A. $4,000
B. $35,000
C. $7,000
D. $24,000
The three sections of a balance sheet represent the basic
A. investment plan.
B. bookkeeping system.
C. financial quota.
D. accounting equation.
What are the three main types of torts?
Intentional, negligent, strict
Strict, loose, intentional
Loose, intentional, negligent
Negligent, Strict, Loose
A sportswear company sells its products through only a couple sporting goods retailers in a specific region. This is an example of __________ distribution.
multiple
selective
exclusive
intensive
Viola received an email that asked her to fill out a 10-minute survey for market research. Because the email stated she would have her name entered into a contest for a prize, she completed the survey, which asked questions about her interests and wants. Two days later, Viola received a call stating she won the contest. However, the salesperson told her that she needed to first buy a product to claim her prize. This is an example of
frugging
sugging
microtargeting
onboarding
Francisco wasn’t planning on purchasing a new tie, but when he walked by a display and saw all ties were on sale, he bought one. Francisco’s buying behavior was impacted by a __________ influence.
social
cultural
situational
psychological
As a result of a wholesaler shipping its product later than expected, a dog food manufacturer and several retail stores are upset with the wholesaler. This is an example of __________ conflict.
Dual
Verticle
Internal
Horizontal
Which of the following is an example of an ownership investment:
Certificate of Deposit
Bonds
Savings Account
Stocks
Which of the following statements about relative price is true:
It is the maximum price buyers will pay for a product.
It equals both the demand price and supply price.
It refers to the ratio between two separate prices.
It is the minimum price producers receive for a product.
Which of the following is an example of secondary data about a competitor:
Sales Invoices
Expense Reports
Call Reports
Financial Records
To show he has intention of completing a pricey business deal, Phil deposits money into an account, which will later be applied to his purchase. The payment Phil deposited is called
a mutual fund
a holding cost
Good faith money
the statement of income
Which of the following methods for data collection is most likely to be used to collect qualitative data:
Focus Groups
Tracking
Survey
Experiment
Which of the following is a purpose of warranties and guarantees?
To avoid a customer-oriented focus for the business
To protect the producer and the seller
To decrease consumer confidence about purchases
To decrease feedback from customers
During which stage of the product life cycle is the product failure rate the highest?
Introduction
Growth
Decline
Maturity
An ad featuring a business's support of the Red Cross is an example of __________ advertising.
free
costly
promotional
institutional
When a business uses a generalized portrayal of someone in its advertising, it's likely reinforcing
sugging.
socialization.
equity labels.
a stereotype.
A car company has decided to invest less in its successful pickup truck and to use those funds instead on the development of its new hybrid vehicle. This is an example of
A. a harvest strategy.
B. risk mitigation.
C. a marketing plan.
D. the discovery process.
A business borrowing startup money from a commercial bank is an example of
A. venture capital.
B. trade credit.
C. debt financing.
D. asset lending.
