WEST Business & Marketing Education (038): 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. _____ refers to the process that ensures that files on two separate devices are updated using specific rules.

Question 2 2. Which of the following classifications of consumer products includes homogenous and heterogeneous subcategories of products?

Question 3 3. The imposition of fiduciary duties upon the individual(s) tasked with managing covered employer-sponsored retirement plans is required under which of the following?

Question 4 4. A national banking and financial services provider initiates a program to provide low-interest loans to budding entrepreneurs who live in a state of poverty and/or unemployment in underdeveloped areas of the globe, so that the recipients of the loans may start small enterprises, build savings, and be able to explore opportunities otherwise unavailable to them. The program in question is best representative of which of the following?

Question 5 5. Under Generally Accepted Accounting Principles (GAAP), which of the following refers to the measure of importance of a misstatement in accounting records?

Question 6 6. Which of the following refers to the first step of the communication process, in which the sender develops an idea into a specific message?

Question 7 7. A byte is constituted of _____.

Question 8 8. An individual employed within a large corporation (oftentimes in skunk works), and who acts in an entrepreneurial manner, tasked with seeking new and exciting opportunities for the firm in which he or she is employed, is best considered which of the following?

Question 9 9. The visuals that are used by accounting professionals to see how accounts are affected by the debits and credits of an organization's business transactions are referred to as which of the following?

Question 10 10. Which of the following is used to describe a fixed quantity of a particular good that is permitted for import into a specific country over a period of time?

Question 11 11. The rules incorporated into Title VII of the Civil Rights Act of 1964 are collectively enforced by which of the following?

Question 12 12. Under the Generally Accepted Accounting Principles (GAAP), which of the following refers to the intention of a business to continue its operations into the foreseeable future, without needing to liquidate its assets during that same period of time?

Question 13 13. Which of the following terms refers to the combination of a country's average life expectancy, educational attainment, and income?

Question 14 14. A local church is advertising a position vacancy for a member of the clergy, and is only willing to consider applicants who belong to the denomination represented by the church. In so doing, the church in question has established a:

Question 15 15. A temporary business association between two or more people or organizations is best defined as which of the following?

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WEST Business & Marketing Education (038): 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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