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DSST Introduction to Business: Study Guide & Test Prep 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. Which of the following best describes the type of business arrangement characterized by two or more owners who share the liabilities, risks, and debts incurred by the enterprise in question?

Question 2 2. A code of ethics can be broken down into two general categories, which are _____-based and _____-based.

Question 3 3. Operations management involves controlling and overseeing the manufacturing process, which, in turn, is broken down into which of the following four components?

Question 4 4. Which of the following represents a potential disadvantage that a small business is more likely to confront when expanding into international markets, in comparison to a larger corporation doing the same?

Question 5 5. A small manufacturer seeking to export its product offerings to international markets selects the country of Liechtenstein to serve as the first Western European test market. Because Liechtenstein is a landlocked country, concerns are immediately raised over the viability of the proposed strategy. In terms of the forces that affect trade on a global scale, the types of concerns mentioned above would best be classified as which of the following?

Question 6 6. Which of the following types of plans is used by managers to determine organization-wide goals going forward into both the short- and long-term future?

Question 7 7. Which of the following Generally Accepted Accounting Principles (GAAP) dictates that business activities be reported in distinctive intervals (e.g., weeks, months, years, etc.) within a given fiscal year, and that those intervals, in turn, must be recorded in a firm's financial statements?

Question 8 8. A corporation implements a marketing campaign specifically targeting current and prospective customers who reside within the state of Delaware. This best reflects which of the following types of consumer segmentation strategies?

Question 9 9. The Pregnancy Discrimination Act is handled by which of the following?

Question 10 10. Within the framework of the circular flow of economic activity, government taxes, imports, and savings would be categorized as which of the following?

Question 11 11. The most advanced type of video conferencing available to participants, who are able to exchange files and communicate with one another via audio and visual experiences within an advanced virtual environment closely mimicking a real-world setting, is best referred to as _____.

Question 12 12. A corporation offers a promissory note to prospective investors to secure a loan to aid in covering the organization's operating costs. The promissory note in question is an example of which of the following?

Question 13 13. Which of the following individuals is credited with developing the concept referred to as management by objective (MBO)?

Question 14 14. In terms of competitive advantage, a firm that markets one of its product offerings to a very specific segment of the general population best reflects the type of strategy referred to as _____.

Question 15 15. On an aggregate level, when prices of goods increase, purchasing power _____.

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DSST Introduction to Business: Study Guide & Test Prep 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!

DSST Introduction to Business: Study Guide & Test Prep  /  DSST Prep
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