stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
POB EXAM REVIEW Flashcards | StudBud
Explore
/
POB EXAM REVIEW
?
Which do managers often set in order to control the work effort?
POB EXAM REVIEW
48 terms
·
StudBud Administration
·
192 plays
EXAM REVIEW
Flashcards
48 cards
F
Practice quiz
P
Host live
L
Questions
48
Answers
1
Which do managers often set in order to control the work effort?
expense budgets
hiring objectives
job standards
diversity quotas
2
?
assumes all legal responsibility for the business's actions.
provides experience that increases the businesscredibility.
evaluates the performance of the business's employees.
helps with the day-to-day operations of the business.
3
?
refer to the appropriate publisher's style manual.
identify the readers' preferences.
look up the information in a current dictionary.
ask his coworker for advice.
4
According to the marketing concept, which option demonstrates customer orientation?
finding out what a buyer wants
researching a firm's competitors
advertising the features of a product
convincing a buyer to buy
5
?
supply manuals.
weight-loss programs.
safety training.
electronic data interchange (EDI).
6
In a private enterprise economic system, the interaction of supply &demand primarily determines
the extent of pollution.
product prices.
government regulation.
economic choices.
7
Thegovernment can borrow money from the private sector in order to pay the costof regulation by
raising taxes.
issuing bonds.
selling licenses.
setting prices.
8
One factor that might limit the human resources available for certain jobs is a/an:
appealing company image.
inadequate pay level.
good safety record
organized training program.
9
?
Amber lets her friends set her goals.
Amber writes her goals down.
Amber thinks about her goals weekly.
Amber discusses her goals with her parents.
10
A characteristic of a sole proprietorship is that the owner:
has access to unlimited funds.
delegates all functions.
receives all the profit.
transfers all the risk.
11
Businesses wouldn't be able to determine if they are meeting their financial goals w/o accurate
accounting systems.
production plans.
distribution systems.
marketing plans.
12
In order to be understood on the telephone, a business's employees should always:
speak rapidly.
use technical terminology.
speak from notes.
enunciate clearly.
13
A U.S. company would decide to offer its products in other countries as a reason to:
expand to new, untapped markets.
sell obsolete, outdated products.
provide jobs to people in other countries.
subsidize developing countries.
14
Some businesses use an automatic reorder system to maintain an adequate:
budget for expenses.
inventory of supplies.
maintenance system.
work environment.
15
Which is a example of a short-term objective?
becoming fluent in a foreign language
paying off a twenty-five-year mortgage
finishing a six-week computer software course
becoming president of a large corporation
16
The usefulness of a product to consumers is referred to as product:
utility.
consumption.
allocation.
scarcity.
17
Which is a formatting characteristic of a full-block business letter?
using a right justification for all paragraphs
double-spacing within the paragraph
no paragraph indents
indented first paragraph
18
?
manager.
cashier.
broker
bookkeeper.
19
Which is a reason why it is important to organize information before preparinga businessreport?
to identify the target audience
to arrange findings in a logical manner
to understand the purpose of the report
to investigate the cause of the problem
20
When organizing information to present in a business report, it is effective to:
interpret the data.
develop an outline.
determine the purpose.
remain objective.
21
?
$368,730
$232,420
$523,820
$471,350
22
One reason that has caused the government's role in business to expand is that:
costs of production have continued to increase.
competition in the marketplace has increased.
people's attitudes have changed.
products have become very technical.
23
What do most businesses use to store information for future use?
display screens
scanners
computer systems
CD-ROMs
24
The formula that is generally used to measure productivity is:
inputs divided by labor.
outputs divided by inputs.
labor divided by resources.
goods divided by time.
25
When businesses invest funds to expand, they are involved in the process of:
capitalism.
selling.
depreciation.
finance.
26
Which provides government protection of business property?
consumer protection laws
revenues
economic incentives
patents
27
Which is a capability of a presentation software program?
copying and printing documents
combining animation and sound
calculating mathematical data
connecting several computers
28
?
service organization.
limited partnership.
general partnership.
sole proprietorship.
29
?
write an annual report.
create sales presentations.
make long-term decisions.
develop a short-term advertising campaign.
30
What is one of the most important components of the production process?
human resources
new technology
inputs and outputs
goods and services
31
Assets a company already owns and can use to finance a new venture are called:
equity.
accounts payable.
dividends.
return on capital.
32
Which change provides the most time utility for a consumer?
evaluates the performance of the business's employees.
provides experience that increases the business credibility.
helps with the day-to-day operations of the business.
assumes all legal responsibility for the business's actions
33
Which is a true statement about a management information system (MIS)?
It doesnt assist witha business's infor management program
Itmay be 1 part ofa business's overall infor. mgmt. program
It is the same thing as an information management program.
It includes people, processes, and practices.
34
Which would probably result if a business reduced its marketing costs?
increased costs of production
decreased variety of consumer goods
decreased need for customer contact with businesses
increased consumer awareness of goods and services
35
?
school
peer
work
professional
36
Which is a factor that affects the business environment?
staff organization
information management
conflict negotiation
industry competition
37
What is one of the main reasons why businesses need to keep accurate accounting records?
to eliminate risks
to regulate taxes
to follow procedures
to control expenses
38
For a business, income remaining after payment of expenses is:
profit.
capital.
debt.
loss.
39
Which represents a natural risk for the owner of a delivery service?
rising prices
snowstorm
government intervention
accident
40
The role of finance in business often involves:
obtaining funds.
monitoring expenses.
paying employees.
buying supplies.
41
One factor that might limit the human resources available for certain jobs is a/an:
appealing company image.
inadequate pay level.
organized training program.
good safety record.
42
?
105
93
31
67
43
The primary reason customers give for not returning to a business is a lack of:
advertised merchandise.
available parking.
customer-service personnel.
courtesy from salespeople.
44
The primary reason that governments develop workplace health and safety regulations is to:
protect employees from injury and illness.
reduce the risk of employment discrimination.
ensure that employees have access to insurance.
prevent the breach of business information systems.
45
?
in a hurry.
a unique individual.
like most others.
a possible problem.
46
?
invoice payment
price fixing
bid analysis
receipt of goods
47
Individuals who are able to defend their ideas objectively provide others with:
emotional information.
unrelated statistics.
logical evidence.
personal opinions.
48
Businesses use the information collected through the accounting process to prepare accurate:
inventory forms.
promissory notes.
balance sheets.
purchase orders.
