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Developing Business Acumen Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Product A has completed the manufacturing process. The quality control team flags Product A for manufacturing defects. Why is the quality control team important in this scenario?

Question 2 2. If you are scanning your company's external environment looking for unmet needs and wants, at what stage of product development are you working?

Question 3 3. What is at the heart of the customer-vendor relationship in supply chain management?

Question 4 4. Which of the following is an example of a good in economics?

Question 5 5. What is the function of development activities?

Question 6 6. What type of strategical decision making is focused on planning, implementing and coordinating production and supply or products?

Question 7 7. Which of the following is NOT a type of business model?

Question 8 8. Why is a company's decision to build a new facility considered a strategic decision?

Question 9 9. Which of the following is missing from this list of strategic decision areas or types: product development, logistics, customers, vendors?

Question 10 10. Which of the following statements about research and development is FALSE?

Question 11 11. Choose which section of the business plan prospective employees will NOT be interested in reviewing.

Question 12 12. Choose the BEST answer as it relates to strengths and weaknesses as discussed in a business plan.

Question 13 13. Which is the best example of a weakness in SWOT analysis used for competition analysis?

Question 14 14. What is competition analysis?

Question 15 15. Identify the correct sequence for the preparation of business plans within an organization.

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Developing Business Acumen Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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