Business Management Certification Exam Questions And Answers

Business Management Certification Exam Questions And Answers Which government agency oversees discrimination in the workplace? - ANS Equal Employment Opportunity Commission (EEOC) Which department is responsible for hiring, staffing, training, and evaluating an organization's personnel? - ANS Human Resources What market strategy uses skimming, penetration, or cost-based methods? - ANS Price Which market strategy uses advertising, personal selling, or publicity methods? - ANS Promotion What does revenue minus expenses equal? - ANS Gross Income Which term describes a set of moral principles or values that govern behavior? - ANS Ethics Which term is used when evaluating the level of production at which total revenues from sales equals total expenses incurred? - ANS Break Even Point Which TWO questions are legal during a job interview? - ANS Are you married? How old are you? What is the written explanation of a company's reason for existence? - ANS Mission statement Place the decision-making steps in the correct order from beginning to the end - ANS Recognize the problem Identify possible alternatives Select and implement the best alternative Evaluate the results What type of plan is a long-range goal that affects many parts of an organization? - ANS Strategic Which financial statement shows revenue, expenses, and profit or loss of a business for a particular period of time? - ANS Income statement Asset - ANS Anything of value that is owned Owner's equity - ANS Financial rights to the assets of a business Liability - ANS Amount owed to a creditor What is the economic term when Gross Domestic Product (GDP) declines for two consecutive quarters? - ANS Recession What is the practice of working at home, while traveling and being able to interact with the office? - ANS Telecommunicating What helps to determine the validity of an internet source? - ANS Copyright date Legitimate contact information Publisher of the source Which management function includes setting goals and developing strategies - ANS Planning What is the economic term used to describe a period of rising prices when the purchasing power of the dollar is falling? - ANS Inflation Theory Z - ANS Positive work life is the key to increase productivity Theory Y - ANS Enjoy work and take satisfaction in high expectations Theory X - ANS Managers who believe workers dislike work