Year 1 BMF Practice CPAS Test 2022

The Family Medical Center is searching for healthy patients so they can have higher quality patients. What could they do

If people expect the price of gas to rise tomorrow, they will likely purchase:

To segment a market based on personal characteristics, such as age, gender, marital status, income, etc. is:

A hat costs $40 and the markup price is $14.99. What is the retail price of the hat?

A florist is planning a grand opening and wants include pictures for the newspaper and writing a news release. This is:

A SWOT analysis focuses on:

A group of people most likely to become customers for a specific business is known as a(n):

"Don't put all your eggs in one basket" is an example of which type of financial/investment plan?

A medium of exchange which can be conveniently circulated and is seen as an effective form of currency is:

Rolling your eyes would be considered what type of communication?

A rivalry between two or more businesses to attract consumer dollars is:

According to the law of supply, a direct relationship exists between price and

A person within a large organization that takes the initiative in pursuit of an innovative product is:

If a business wants to create an environment centered around being ethical, what might they want to develop?

Someone who is wealthy and accredited and invests personal money in exchanvge for equity in the business.

A detailed account of the materials, supplies, and products a company has on hand is a(n):

Which of the following is an example of an unethical behavior in the workplace?

Which element of the marketing mix allows both the buyer and seller to feel they are getting the best value?

Investments in the ownership of a corporation are known as:

A college student works in a coffee shop and receives the lowest legal amount-per-hour-pay for his/her services.

The process of breaking a market into smaller groups is known as:

Planning for retirement by investing in a 401k is an example of a(n):

After living with her parents, Andy and Mary have decided to buy their first home. What type of decision making is this

A customer orders a burger, fries and a drink. She is asked if she would like an apple pie with her order. This is:

A business plan describes

An organized way in which a nation allocates its resources and distributes goods and services within a nation is:

A company offers customers a 25% discount if they bring in an old pair of jeans to donate to a local homeless shelter.

Which of the following best determines the income for most people?

Which exit strategy involves a reduction or termination of investments so the entities involved can reap profits?

An employee takes a night class at a local community college for 1 semester. What is this employee hoping to increase?

A manager is paid a set amount of $45,000 per year, regardless of the number of hours worked. What is this called?

Which US act prohibits price discrimination?

When using the PACED model and comparing information to the criteria, what aspect of the model are you using?

In the U.S., the easiest and most popular form of business ownership is:

When you start working, you should begin planning for the future so you can retire without worry. Which supports that?

Which one of the market functions most closely relates to the PLACE component?

Allison bought a blue t-shirt because all of her friends had one. Her motive for this purchase was:

Which of the following would be considered a fixed expense on your budget?

One key advantage of being an entrepreneur is:

A hat store decided to advertise on local TV, radio, and newspaper to sponsor a golf tournament. What mix is this?

Free enterprise is also known as:

Which of the following would most likely cause inflation

Private enterprise does not exist; the government employs all workers and determines their wages and job duties.

Due to limited resources, all consumers must make decisions in what they choose to purchase. This is:

Entrepreneurs are most likely to fail if they:

What market occurs when general negative feelings exist and the stock market is weakened?

Making products available at a specific location is part of the:

A family has only purchased vehicles from XYZ Chevrolet Dealer for the past 40 years. This is an example of:

When products have a universal appeal and a single marketing strategy can reach all customers, it's called:

Product, place, price and promotion are also known as the: