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FBLA Introduction to Business Exam Questions with Correct Answers

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FBLA Introduction to Business Exam Questions with Correct Answers Which is NOT considered an aspect of technology? - Answer- inventors Which was inspired by the invention of the telephone? - Answer- fax What makes a cell phone different from a telephone? - Answer- cells are small computers ...

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  • October 26, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • fbla
  • FBLA Introduction to Business
  • FBLA Introduction to Business
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FBLA Introduction to Business
Exam Questions with Correct
Answers

Which is NOT considered an aspect of technology? - Answer- inventors

Which was inspired by the invention of the telephone? - Answer- fax

What makes a cell phone different from a telephone? - Answer- cells are small
computers

Anyone who uses a computer while working - Answer- e-workforce

a store that sells products in stores and online - Answer- click and mortar

Which types of products do other countries mostly buy from the U.S.? - Answer-
agricultural

When a country's currency is higher than another's, it has - Answer- more buying power

NAFTA - Answer- North American Free Trade Agreement

business that takes place within the borders of one state. - Answer- interstate
commerce

OSHA - Answer- Occupational Safety and Health Administration

formed by a small number of companies rather than just one. - Answer- oligopoly

best for keeping money in a financial institution for a short period. - Answer- checking
accounts

financial institutions that hold customers' funds in interest-bearing accounts and invest
mainly in mortgage loans. - Answer- saving and loan associations

firms sell stocks and bonds, but not loans. - Answer- brokerage firms

how many regional banks are there for the federal reserve - Answer- 12

, protecting investments through risk management. - Answer- financing

consists of four basic marketing strategies: product, place, price and promotion. -
Answer- marketing mix

Which is the final step in the process of developing a new product? - Answer- evaluating
customer response

main advertising medium used in the United States. - Answer- newspapers

advertisers to reach a specific target market. - Answer- direct mail

appears mostly in phone books. - Answer- directory advertising

mount of money it costs to display or broadcast an ad - Answer- advertising cost

Which is NOT something upon which the cost of Internet ads is based? - Answer-
placement

Which is usually NOT included in a job description? - Answer- salary

amount of money paid to an employee on an hourly basis. - Answer- wage

someone who comments on a job applicant's character and qualifications for a job. -
Answer- reference

process of helping new employees adjust to a company. - Answer- orientation

teaching several employees in a class. - Answer- group training

To market products successfully in another country, companies must research the
country's - Answer- language, customs, tastes

conduct that is considered socially acceptable in business. - Answer- Business etiquette

usually has one person at the top who makes all the decisions. - Answer- hierarchy

identify people by a single trait, rather than as individuals - Answer- stereotype

money used to pay for the various assets and expenses of a new venture or business. -
Answer- start up captial

systematic process of recording and reporting the financial position of a person or
organization. - Answer- accounting

total amount of money owed to a business - Answer- accounts receivable

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