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Test Taking Strategies
Test Taking Strategies
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test taking strategies
Flashcards
13 cards
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Practice quiz
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Questions
13
Answers
1
The best way for businesses to communicate with customers is to
give as much information as possible
send direct mail / email
rent billboards on major highways
listen carefully
2
Which difficult customer type may become your best & most loyal, once they learn to trust you?
suspicious
disagreeable
dishonest
slow/methodical
3
A business that fails to protect its employees from unnecessary risk or health hazards may be
sued for misrepresentation
sued for libel
sued for negligence
sued for incompetence
4
In order for a market to exist, consumers must have an unfulfilled desire for a product &
know who makes the product
know where the product is sold
have a specific brand preference
have financial resources
5
Companies X, Y & Z determine the selling price of widgets since only they market widgets.
This is an example of monopolistic competition.
This is an example of pure competition.
This is an example of an oligopolistic market.
This is an example of a true monopoly.
6
Which of the following is a characteristic of a self-confident leader?
S/he is decisive, even in uncertain circumstances
S/he is truly invested in the work team
S/he has the ability to share a vision
S/he demonstrates empathy
7
A financial analysis method shows the relationship of each component w/in 1 financial statement
Vertical analysis
Industry analysis
Fundamental analysis
Horizontal analysis
8
Which of the following categories of information are found on a balance sheet?
Assets, liabilities, owner's equity
Assets, liabilities, margin
Revenues, expenses, profit
Income, expenditures, profit
9
Marginal analysis is a cost/benefit decision process that seeks to determine
the best qualities to look for in potential employees
how a manager can cut costs
the likely returns on a new investment
profit-maximizing quantity of output
10
Obtaining goods that will satisfy the needs and wants of a business's customers is a function of
advertising
purchasing
marketing
selling
11
What type of information does a well-written proposal include?
previous trends
vague goals
specific benefits
contingency data
12
Which of the following is a technique many businesses use to identify product opportunities?
evaluating a prototype
observing the competition
testing the market
developing a brand
13
Why is it important for team members to feel a sense of "ownership" & engagement in the vision?
Leaders cannot force compliance for them
They cannot be creative otherwise
They are responsible for determining the vision
It's the only way they will become committed to it
