Chapter 1 - The Economic Base Of Business
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1.
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_________________ is NOT a scarce resource:
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  Entrepreneurship
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Risk
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Capital
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Labor
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2.
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Under pure capitalism, individuals can NOT possess:
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Freedom to own property
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Freedom of choice
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Freedom of liability
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Freedom to determine their own personal goals
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Chapter 2 - Legal Structure
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3.
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Types of business do NOT include
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Institutions
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Sole proprietorship
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Corporations
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Partnerships
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4.
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A corporate charter does NOT indicate:
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Corporate title
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Name of the state granting the charter
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Descriptive statement of purpose of the corporation
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Transaction processes
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Chapter 3 - Labor Relations
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5.
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_______________ is NOT a management function:
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Modeling
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Controlling
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Organizing
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Planning
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6.
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Authority relates to
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Staffing
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Decision-making
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Directing
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Performing
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Chapter 4 - Plant Location
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7.
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Corporate psychological needs do NOT include:
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Creativity
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Achieved status
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Ascribed status
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Prestige
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8.
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Types of leadership include:
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Administrative
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Authoritative
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Popular
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Direct
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Chapter 5 - Management Information System
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9.
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Individual goals are basically, all EXCEPT:
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Standardization
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Recognition and worth of the individual
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Dignity in work
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Job security
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10.
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Types of strikes do NOT include:
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Jurisdictional strike
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Sympathy strike
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Mortal strike
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Wildcat strike
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11.
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Which one of the following is NOT labor legislation?
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Civil Disobedience Act
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Taft-Hartley Act
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Norris-La Guardian Act
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Fair Labor Standards Act
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Chapter 6 - The Financial Markets
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12.
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The production process can be divided into the following functions EXCEPT:
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Extractive
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Expert
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Analytical
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Synthetic
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13.
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Which of the following is NOT one of the primary factors when considering a building for production purposes:
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Employee morale
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Cost
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Ambiance
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Storage space
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Chapter 7 - Marketing Channels
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14.
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The purchasing agent must also consider the service provided by the supplier. The service aspect involves:
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Delivery
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Maintenance
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Shipping
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All the above
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15.
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Reciprocity refers to:
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Speculative buying
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You buy from us and we'll buy from you
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Contract buying
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Purchasing agent
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Chapter 8 - International Business
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16.
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You do NOT typically consider ___________________ in selecting a plant location:
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Closeness to sources of raw material
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Access to transportation
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Nearness to markets
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Favorable climate
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17.
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Which one of the following is NOT a community factor?
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Super structures
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Supply of workers
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Other business facilities in the area
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Local government's attitude
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Chapter 9 - Ethics And Business Law
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18.
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_________________ is NOT considered as an example of computer hardware:
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Mainframes
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Robotics
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Personal computers
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Servers
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19.
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Information systems do NOT include:
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Chapter 10 - Government And Business
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20.
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The balance sheet does NOT shows
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Assets
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Cash flow
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Liabilities
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Owner's equity
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21.
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_____________ is NOT one of the most popular ratios to interpret financial statements:
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Economic value ratio
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Current ratios
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Solvency ratio
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Return on investment
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Chapter 11 - Business Statistics
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22.
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Data may be collected by all EXCEPT:
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Mail surveys
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Land surveys
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Personal interviews
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Telephone surveys
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23.
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_____________ is NOT a measure of central tendency:.
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Arithmetic average
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Deviation
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Mean
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Median
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24.
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A correlation of 1.0 indicates
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A reverse relationship
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No relationship
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A perfect relationship
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An indirect relationship
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25.
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__________________ is NOT a component of time series:
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Secular trends
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Uncertain trends
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Cyclical trends
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Seasonal trends
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Chapter 12 - Business Finance
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26.
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Factors to be considered in a financing plan include all EXCEPT:
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Who will bear the cost and repayment
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Effective business control
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Government influences
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Flexibility of the plan
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27.
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Short-term funds do NOT include:
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Income bonds
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Normal trade credit
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Bank credit
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Drafts
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Chapter 13 - Managerial Control
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28.
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Which one of the following is NOT a technique for sales forecast?
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Time-series projections
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Linear programming
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Least-squares method
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Simulation
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29.
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______________________ is a computerized technique that allows a firm to determine the optimum levels of output for several product lines at the same time.
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Break-even analysis
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Exception analysis
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Linear programming
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EOQ
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Chapter 14 - Financial Institutions
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30.
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The Federal Reserve System influences banking practices by:
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An open-market operation
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The reserve requirement
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The discount rate
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All the above
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Chapter 15 - The Financial Markets
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31.
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The oldest, largest stock exchange is
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American stock exchange
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New York stock exchange
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NASDAQ
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Foreign stock exchange
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32.
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Popular averages/indices of stock prices include all but:
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Dow Jones
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Standard and Poor
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Bloomberg and Poor
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Russell Index
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33.
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Security markets are supervised and regulated by:
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Federal authorities
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State authorities
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Federal and state authorities
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City authorities
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Chapter 16 - Risk and Insurance
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34.
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Casualty insurance covers financial loss for all EXCEPT:
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Automobile collision
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Group insurance and pensions
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Personal life
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Workman's compensation
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Chapter 17 - Marketing
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35.
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Emotional buying motives do NOT include:
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Satisfaction of the senses
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Logical reasoning
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Preservation of the species
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Fear
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36.
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_____________ is NOT a marketing function:
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Specialization
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Buying
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Selling
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Transportation
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37.
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The cost of marketing goods today accounts for more than:
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Chapter 18 - Marketing Channels
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38.
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Middlemen do NOT include:
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Agents
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Wholesalers
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Manufacturers
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Specialized agents
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Chapter 19 - Advertising and Sales Promotion
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39.
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More and more companies doing business online find that the best way to reach prospective customers is through
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Banner ads
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iPhone
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Web search advertising
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Direct TV
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Chapter 20 - Salesmanship and Marketing Management
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40.
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_____________________ authority is NOT found in the sales management hierarchy:
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Administrative
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Participative
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Operating
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Staff
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Chapter 21 - International Business
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41.
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One of the major concerns of countries all over the world is its:
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Domestic market
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Balance of trade
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Restrictions
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Tariffs
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42.
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One of the major consequences of international trade between nations is:
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Higher prices for consumers
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A decreased variety of consumer products
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The possibility for total world output to increase
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Reduced competition for businesses
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43.
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Which of the following is a tariff?
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Licensing requirements
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Consumption taxes on imported goods
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Unreasonable standards pertaining to product quality and safety
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Domestic content rules
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Chapter 22 - Ethics And Business Law
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44.
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Which of the following is NOT one of the provisions of the Sarbanes-Oxley Act of 2002?
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Strengthened the independence of firms that audit public companies
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Ensured accuracy and reliability of corporate disclosures
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Required ethics training in American corporations
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Increased corporate responsibility
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Chapter 23 - Government And Business
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45.
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Which one of the following is NOT an example of federal and state taxes?
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Welfare tax
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Property tax
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Sales tax
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Corporate income tax
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