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CSET Business - Functions in a Business Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. What are the four p's in marketing?

Question 2 2. Historical/past data allows a manager to _____.

Question 3 3. What is the type of planning that involves dealing with buildings and machinery?

Question 4 4. How is profitability best defined?

Question 5 5. What is the management of the employees that help run the facility?

Page 2

Question 6 6. What is the coordination of purchasing and delivery of raw materials to make the final product?

Question 7 7. A successful architectural design firm is expanding its business and needs to hire three architects and five project managers in the next two months. The human resources department is already tied up with other critical staffing projects. Which of the following would BEST suit the firm's recruitment needs?

Question 8 8. Which of the following is an example of a failed exchange?

Question 9 9. Terminating employees:

Question 10 10. When discussing marketing, Place refers to:

Page 3

Question 11 11. How do you define Operations management?

Question 12 12. What is an advantage of employee referrals?

Question 13 13. What is designing the steps required to ensure a product can be made in the shortest amount of time with as little waste and as efficiently as possible?

Question 14 14. How would you define qualitative data?

Question 15 15. Define 'competitor product analysis':

Page 4

Question 16 16. What are management information systems?

Question 17 17. How does quantitative data differ from qualitative data?

Question 18 18. Although downsizing saves a company money in salary and benefits, which of the following can be a disadvantage of this practice?

Question 19 19. Financial audits are done for the purpose of:

Question 20 20. What is raw data?

Page 5

Question 21 21. Financial ratios:

Question 22 22. What is the definition of marketing?

Question 23 23. Which of the following is NOT a benefit of promoting internal candidates into new positions?

Question 24 24. Define 'focus groups':

Question 25 25. An income statement is a financial document that covers what period(s) of time?

Page 6

Question 26 26. An exchange is when:

Question 27 27. Financial controls are:

Question 28 28. A balance sheet formula is:

Question 29 29. Which of the following is an example of product development?

Question 30 30. Your company wants to ask questions in order to gain some specific answers about the product, such as: 'On a scale of 1 to 10, how would you rate this product?' In order to do so, your company has asked 100 people 20 questions and is assessing the data. Which of the following is this an example of?

CSET Business - Functions in a Business Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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