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Overall Business Quiz
What does "B2B" stand for?
What is this?
Overall Business Quiz
40 terms
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Questions
40
Answers
1
What is this?
Internal hard drive
External hard drive
Internal modem
External modem
2
What does "B2B" stand for?
Business-to-Business
Brand-to-Buy
Back-to-Basics
Base-to-Base
3
Which component stores data long-term in a computer?
Motherboard
RAM
Power Supply
SSD
4
What is the main goal of market segmentation?
Broaden product offerings
Lower production costs
Target specific customer groups more effectively
Increase global reach
5
Which of these is an example of a fixed cost?
Rent for office space
Utility bills
Raw materials
Commissions paid to sales staff
6
Which of these is an example of consultative selling?
Using scripted sales pitches
Offering discounts without discussion
Recommending a product based on customer needs
Ignoring customer feedback
7
What is this?
Network card
Mouse
CPU cooler
Power supply
8
What is the primary function of a GPU?
Render graphics
Perform calculations for the CPU
Manage power flow
Store data
9
What is a balance sheet used for?
Calculating taxes
Showing a company’s financial position at a specific point in time
Tracking daily expenses
Managing employee schedules
10
Which of the following is the first step in the sales process?
Handling objections
Closing the sale
Qualifying leads
Prospecting
11
What is the role of the HR department?
Recruit, train, and support employees
Manage inventory
Handle financial reporting
Oversee product development
12
What is this?
Keyboard
Motherboard
Computer Case
Microphone
13
What is revenue?
Money received from sales before costs are deducted
Total expenses incurred by a business
Assets owned by a company
Net profit after taxes
14
What is the purpose of an income statement?
Record all company assets
List employee salaries
Track inventory levels
Show a company’s profit and loss over time
15
What component is considered the "brain" of the computer?
Hard drive
GPU
RAM
CPU
16
What is this?
USB Cable
SSD
Speaker
Flash Drive
17
Which of the following is an example of an input device?
Printer
Keyboard
Speaker
Monitor
18
What does a "sales pipeline" represent?
The stages a prospect goes through before buying
A list of closed deals
A company's supply chain
Customer feedback system
19
What is important in business?
Composure
Confidence
Discipline
Typing
20
What does "bottom line" refer to?
Gross income
Total revenue
Profit margin
Net income
21
What is this?
CPU
Floppy Disk
Monitor
RAM
22
Which of these is not considered revenue?
Loans received
Service fees
Interest earned on investments
Product sales
23
What is the break-even point?
When losses exceed revenue
When all debts are paid off
When revenue equals expenses
When revenue exceeds expenses
24
What is a stakeholder?
Anyone who buys the company’s product
Only employees of the company
Only the investors of a company
Any individual or group affected by the company
25
Which pricing strategy involves setting a low price to attract customers?
Penetration pricing
Premium pricing
Skimming
Cost-plus pricing
26
What is a major advantage of e-commerce?
Higher overhead costs
Limited scalability
Difficult logistics
Global reach and accessibility
27
What is an upsell?
Offering a discount on the next purchase
Resolving a customer’s complaint
Selling additional products to an existing customer
Persuading a customer to buy a more expensive product
28
What is a primary feature of a monopoly?
No profit potential
High competition
Government ownership
One company dominates the market
29
What is the "80/20 rule" in sales?
80% of customers buy only 20% of the time
Salespeople work 80% of the day, rest 20%
80% of sales come from 20% of customers
20% of products are responsible for 80% of complaints
30
What is a KPI?
Key Profit Index
Knowledge Processing Initiative
Known Production Insight
Key Performance Indicator
31
Where does depreciation expense appear on financial statements?
Income statement
Equity statement
Cash flow statement
Balance sheet
32
What is net income?
Cost of goods sold minus taxes
Total sales
Revenue minus operating and other expenses
Gross income before expenses
33
What does the acronym ROI stand for in business
Return on interest
Return on Investment
Return on Inventory
Rate of Income
34
What does the acronym RAM stand for?
Random Access Memory
Randomly Accessed Memory
Read And Modify
Recurrent Access Machine
35
Which of these is a liquidity ratio?
Return on assets
Debt-to-equity ratio
Gross margin
Current ratio
36
What is the difference between gross and net profit?
Gross is taxable, net is not
Gross includes taxes, net excludes them
Gross is before expenses, net is after expenses
Gross includes revenue, net excludes it
37
What is the purpose of a business plan?
Track daily operations
Secure funding and guide decision-making
Report profits
Train employees
38
How is gross profit calculated?
Net Income - Taxes
Revenue - Operating Expenses
Revenue - Cost of Goods Sold
Total Revenue - Total Assets
39
What is the primary goal of a "cold call"
Gather competitor information
Solve customer issues
Sell the product immediately
Generate leads
40
Which of these items would appear on an income statement?
Depreciation of assets
Accounts receivable
Revenue
Owner’s equity
