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Professional Development
11th -
12thgrade
Business Management Marketing and Financial Information
18 questions
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- 1. Multiple ChoiceA business activity that is defined as the planning, recording, analyzing, and interpreting of financial information.RetailingWholesalingAccountingManufacturing
- 2. Multiple ChoiceWhich of the following is the definition of Marketing?manufacturing goods for consumptiongetting goods to where they are neededfinding the money necessary to start and finance a businessall activities that link producers to consumers in order that exchanges can be made
- 3. Multiple ChoiceWhich term describes an amount owed by a business?An assetOwner's equityA liabilityCapital
- 4. Multiple ChoiceWhich of the following definitions describes the marketing mix?product, place, promotion, and pricea promise from the seller that says that the seller will replace a product that does not perform as expectedphilosophy that all business activities should be aimed towards satisfying that consumerform of promotion that determines clients needs and wants
- 5. Multiple ChoiceWhich of the following refers to organized summaries of business's financial activities?Financial StatementsAccounting RecordsBanking WorksheetsBalance Sheet
- 6. Multiple ChoiceWhat is the purpose of promotion?to inform people about productsto receive customer feedbackto persuade people to buy a productto increase competition in marketplace
- 7. Multiple ChoiceWhat is the basic accounting equation?capital=assets+liabilityassets=capital- liabilityliabilities=assets+capitalassets=liabilities+capital
- 8. Multiple ChoiceWhich of the following is not an element of the marketing mix?PlacePriceProductPurpose
- 9. Multiple ChoiceWhat is the term for a facility used by wholesalers or retailers for the receipt, temporary storage, and redistribution of goods according to the customer orders as they are received?A warehouseA distribution centerA piggy-back serviceA telemarketing facility
- 10. Multiple ChoiceStatement of a firm's financial position on a particular date including assets, liabilities, and owner's equityBalance SheetBudgetMission StatementRetail
- 11. Multiple ChoiceMethod of determining the minimum sales volume needed to cover all costsSherman ActStamp ActBreak-Even AnalysisBudget
- 12. Multiple ChoiceA financial record of sales expenses and net profit in a given periodmission statementbudgetincome statementfinancial statement
- 13. Multiple ChoiceRaising money through selling bonds notes or mortgages or borrowing direction from financial institutionsLoansDebt FinancingInvestmentKeep the peace
- 14. Multiple ChoiceObtaining a loan for the purpose of starting a small businessAdministration loanFinancingBudgetFinancial Statement
- 15. Multiple ChoiceOrganizations that make money available for investments in innovative enterprisesVenture CapitalistLoanersSharkFinancial investor
- 16. Multiple ChoiceWhat does SWOT stand for?Strengths, Weaknesses, Opportunities, ThreatsService, Waiter, Opportunities, ThreatsStrengths, Weaknesses, Opposition, TeachersSave, Wait, Out, Tonight
- 17. Multiple Choice
Which system maintains low levels of inventory?
Total Quality Management (TQM)
Lean operations
Just-in-Time (JIT)
Supply chain
- 18. Multiple Choice
What does a supply chain link?
Sellers and Prospects
Consumers and producers
Seller and Buyers
Manufacturers and Promoters
- Answer choicesTagsAnswer choicesTags