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Ohio Assessments for Educators - Marketing (026): Practice & Study Guide 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.

An automobile manufacturer invents a passenger car that also functions as a boat and a space shuttle, allowing the driver to go from cruising along the interstate to diving into the depths of the ocean, and then blasting off into outer space, just by pressing a button in the console. The company is convinced that the public will love the new vehicle, to the extent that a sprawling complex was built, in which thousands of telemarketers while away the days cold-calling potential leads. An aggressive radio and television advertising campaign bombards prospective customers with ninety-second commercials, extolling the amazing vehicle's virtues.


Based on the information presented, which of the following four orientations is the firm in question using to promote the new product?

Question 2 2. Marketing activities that are intended to educate, persuade, or remind consumers about a product or service collectively represents which one of the four P's of the marketing mix.

Question 3 3. Which one of the following inventory cash flow assumptions is considered beneficial to corporations because it reduces the amount of income taxes they are required to pay?

Question 4 4. A corporation headquartered in Beijing is set up in a collectivist manner, and places great emphasis on interpersonal relationships. This arrangement is BEST indicative of which of the following?

Question 5 5.

Sally is a small business owner who reports income when she obtains the right to collect payment, even if the payment in question has not yet been received. Additionally, Sally deducts business expenses when she has an obligation to pay them, even if they have not been paid in the current tax year.


Based on the information presented, Sally's actions BEST reflect which of the following accounting systems?

Question 6 6. A market shortage exists when quantity demanded is _____ than quantity supplied, which collectively exerts _____ pressure on price until market equilibrium is reestablished.

Question 7 7. In general, which of the following should comprise the first section of a resume?

Question 8 8. Mary has been retired for the past ten years, and recently elected to have her monthly Social Security check deposited directly into her personal checking account. The type of e-commerce transaction that Mary has entered into is BEST described as which of the following?

Question 9 9. A data set contains the following values: 8, 16, 6, 14, 22, 16, 10, 13, 11, 8, 14, 12, 3, 2, 15, 22, 14, 8, 12, and 14. The value of the mode for this data set is:

Question 10 10. Three advantages of starting a sole proprietorship include which of the following?

Question 11 11. The factors of production, including land, labor, capital, and entrepreneurship, are also referred to as:

Question 12 12.

Anna was recently hired as a sales associate with a new car dealership. Firmly believing in the importance of conducting all business transactions with honesty, integrity, and respect towards customers, Anna refuses to resort to the unscrupulous sales tactics used by her peers. As such, Anna often finds herself teased by those same colleagues for being a ''goody-two-shoes.'' Anna doesn't let the opinions of others influence the way she perceives herself, and continues to work in a manner reflective of the values she holds so dear.


Based on the information provided, which of Kohlberg's levels of ethical development BEST applies to Anna?

Question 13 13. A system used by merchandising companies that updates inventory each time a sale is completed is referred to as a:

Question 14 14. Which of the following are the two types of management schemas for a limited liability corpration (LLC)?

Question 15 15. Which one of Kohlberg's levels of ethical development BEST applies to Bill, a freshly-hired marketing manager who concerns himself primarily with following organizational protocol and societal rules, and appears preoccupied with how he is perceived by his supervisor and colleagues?

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Ohio Assessments for Educators - Marketing (026): Practice & Study Guide 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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