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10/24/2025
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Course 371006- Basic Business Essentials: Concepts and Tools
  Final Exam
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371006v - Basic Business Essentials: Concepts and Tools

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of 45 Total Questions
Technology & Operations
9 CPE Credit Hours
10/24/2025
Final Exam
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Read 'Chapter 1: The Economic Base Of Business' & answer the following question(s):
1. _________________ is NOT a scarce resource:
2. Under pure capitalism, individuals can NOT possess:
Read 'Chapter 2: Legal Structure' & answer the following question(s):
3. Types of business do NOT include
4. A corporate charter does NOT indicate:
Read 'Chapter 3: Labor Relations' & answer the following question(s):
5. _______________ is NOT a management function:
6. Authority relates to
Read 'Chapter 4: Plant Location' & answer the following question(s):
7. Corporate psychological needs do NOT include:
8. Types of leadership include:
Read 'Chapter 5: Management Information System' & answer the following question(s):
9. Individual goals are basically, all EXCEPT:
10. Types of strikes do NOT include:
11. Which one of the following is NOT labor legislation?
Read 'Chapter 6: The Financial Markets' & answer the following question(s):
12. The production process can be divided into the following functions EXCEPT:
13. Which of the following is NOT one of the primary factors when considering a building for production purposes:
Read 'Chapter 7: Marketing Channels' & answer the following question(s):
14. The purchasing agent must also consider the service provided by the supplier. The service aspect involves:
15. Reciprocity refers to:
Read 'Chapter 8: International Business' & answer the following question(s):
16. You do NOT typically consider ___________________ in selecting a plant location:
17. Which one of the following is NOT a community factor?
Read 'Chapter 9: Ethics And Business Law' & answer the following question(s):
18. _________________ is NOT considered as an example of computer hardware:
19. Information systems do NOT include:
Read 'Chapter 10: Government And Business' & answer the following question(s):
20. The balance sheet does NOT shows
21. _____________ is NOT one of the most popular ratios to interpret financial statements:
Read 'Chapter 11: Business Statistics' & answer the following question(s):
22. Data may be collected by all EXCEPT:
23. _____________ is NOT a measure of central tendency:.
24. A correlation of 1.0 indicates
25. __________________ is NOT a component of time series:
Read 'Chapter 12: Business Finance' & answer the following question(s):
26. Factors to be considered in a financing plan include all EXCEPT:
27. Short-term funds do NOT include:
Read 'Chapter 13: Managerial Control' & answer the following question(s):
28. Which one of the following is NOT a technique for sales forecast?
29. ______________________ is a computerized technique that allows a firm to determine the optimum levels of output for several product lines at the same time.
Read 'Chapter 14: Financial Institutions' & answer the following question(s):
30. The Federal Reserve System influences banking practices by:
Read 'Chapter 15: The Financial Markets' & answer the following question(s):
31. The oldest, largest stock exchange is
32. Popular averages/indices of stock prices include all but:
33. Security markets are supervised and regulated by:
Read 'Chapter 16: Risk and Insurance' & answer the following question(s):
34. Casualty insurance covers financial loss for all EXCEPT:
Read 'Chapter 17: Marketing' & answer the following question(s):
35. Emotional buying motives do NOT include:
36. _____________ is NOT a marketing function:
37. The cost of marketing goods today accounts for more than:
Read 'Chapter 18: Marketing Channels' & answer the following question(s):
38. Middlemen do NOT include:
Read 'Chapter 19: Advertising and Sales Promotion' & answer the following question(s):
39. More and more companies doing business online find that the best way to reach prospective customers is through
Read 'Chapter 20: Salesmanship and Marketing Management' & answer the following question(s):
40. _____________________ authority is NOT found in the sales management hierarchy:
Read 'Chapter 21: International Business' & answer the following question(s):
41. One of the major concerns of countries all over the world is its:
42. One of the major consequences of international trade between nations is:
43. Which of the following is a tariff?
Read 'Chapter 22: Ethics And Business Law' & answer the following question(s):
44. Which of the following is NOT one of the provisions of the Sarbanes-Oxley Act of 2002?
Read 'Chapter 23: Government And Business' & answer the following question(s):
45. Which one of the following is NOT an example of federal and state taxes?
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