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CTE 70 Exam Review- Business Mgt Quiz Questions With Correct Answers $7.99
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CTE 70 Exam Review- Business Mgt Quiz Questions With Correct Answers
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A company can promote ethical behavior by rewarding those who report misconduct taking place in the company. People who call attention to illegal or unethical practices are commonly called... - ️️whistle blowers Which of the following survey questions is LEAST likely to be addressed by marketi...

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  • October 1, 2024
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  • 2024/2025
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CTE 70 Exam Review- Business Mgt
A company can promote ethical behavior by rewarding those who report misconduct taking
place in the company. People who call attention to illegal or unethical practices are commonly
called... - ✔ ✔ whistle blowers

Which of the following survey questions is LEAST likely to be addressed by marketing
research? - ✔ ✔ What raw materials should be used?

Which of the following terms is used to describe the standards that govern business behavior?
- ✔ ✔ business ethics

Which statement about budgets is TRUE? - ✔ ✔ -Budgets must be followed exactly as
planned

-A budget guarantees a certain amount of profit

-Budgets state what will happen rather than what is expected to happen

-Budgets can help in controlling a business (correct answer)

Which term is used for investors who specialize in finding small firms that offer potential for
rapid growth and high returns? - ✔ ✔ venture capitalists

A financial statement that shows the profit of loss of a business for a particular period of time
is - ✔ ✔ an income statement

All of the following are problems associated with having too much inventory except... - ✔ ✔
Risk of employee strike

American consumers benefit from international trade by getting.. - ✔ ✔ more product
choices and lower prices

An organization composed of employees who have joined forces to achieve common goals
such as higher wages and improved working conditions is called a(n)... - ✔ ✔ Union

Bill Perkins, a selection specialist for Supreme Yogurt Company, is using a semi-structured
interview with Donna Delgado. In this relaxed atmosphere, he asks Donna to tell him her age
and religion. Bill's actions are... - ✔ ✔ illegal

Business' obligation to society is most often referred to as. - ✔ ✔ social responsibility

Businesses that fail to take responsibility for product safety may face... - ✔ ✔ costly
lawsuits

, government actions

negative publicity

CAD is an abbreviation for... - ✔ ✔ Computer Aided Design

Computers do not make decisions for managers but instead are most useful as... - ✔ ✔ a
tool for storing and manipulating data

Cross training workers is important to employees because it - ✔ ✔ prepares workers to be
more productive

Developing and using charts to show lines of authority is a part of what management function?
- ✔ ✔ organizing

Efficient and skillful financial management is critical to company survival and contributes to
the company's... - ✔ ✔ profits

Employees who launch and manage a new business venture independently are called... - ✔
✔ entrepreneurs

A society's beliefs, attitudes, values, and behavior is called its - ✔ ✔ cultures

A technique used to determine the level of production at which total revenues from selling
products equal total expenses in incurred in making is - ✔ ✔ break even analysis

A visual representation of a company's employees and management, and their lines of
authority is known as.... - ✔ ✔ an organization chart

All of the following are electronic/non-electronic methods used by management to
communicate with employees EXCEPT - ✔ ✔ invoices

flexible work schedule - ✔ ✔ Allow workers to set their own work hours within limits set
by the organization

Given that television advertising reaches a broad audience and can be seen and heard, why is
it not the media used by most companies? - ✔ ✔ it's very expensive

If a company goes bankrupt, who is repaid first when the assets are sold? - ✔ ✔ secured
creditors

If a small business is unable to obtain a loan from at least two banks, the business is eligible
to apply for.. - ✔ ✔ a small business administration loan

If a US and Japanese automobile company pool their resources to manufacture a car and
divide responsibilities and profits, it would probably be organized as a... - ✔ ✔ joint venture

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