Question 1

A formal research effort that evaluates the current state of HR management in an organization is called:

Accepted Answer

A)  HR Service 
B)  HR Mandate 
C)  HR Audit 
D)  HR Examination

Question 2

Which of the following is NOT the category of Current Account?

Accepted Answer

A)  Goods trade 
B)  Financial trade 
C)  Services trade 
D)  Income

Question 3

Which of the following are the main forms of business organizations?

Accepted Answer

A)  Sole proprietorships, partnerships and finance associations 
B)  Sole proprietorships, partnerships and capital ownerships 
C)  Sole proprietorships, partnerships and joint ventures 
D)  Sole proprietorships, partnerships and corporations

Question 4

A list of the assets, liabilities, and owner's equity as of a specific date, usually at the close of the last day of a month or a year is called:

Accepted Answer

A)  Income sheet 
B)  Report sheet 
C)  Balance sheet 
D)  Retained earnings sheet

Question 5

________________ is not a separate taxable entity and only the single owner is taxed.

Accepted Answer

A)  Sole stakeholder 
B)  Sole proprietorships 
C)  Sole possessor 
D)  Sole vendor

Question 6

A cash management arrangement used to mobilize funds from decentralized receiving locations, whether they are decentralized company locations, into one or more central cash pools is known as:

Accepted Answer

A)  Payable Concentration 
B)  Concentration banking 
C)  Marketable Concentration 
D)  None of the above

Question 7

What pertains to the availability, production, and distribution of resources in a society?

Accepted Answer

A)  Social forces 
B)  Political forces 
C)  Economic forces 
D)  Cost-effective forces

Question 8

Target levels for each category of current assets and how current assets will be financed are the firm's basic policies for:

Accepted Answer

A)  Net working capital 
B)  Working capital policy 
C)  Strategic policy decisions 
D)  Working capital management

Question 9

What typically defines business operations and may focus on values, markets and customers that distinguish the organization?

Accepted Answer

A)  Operative goal statement 
B)  Performance goal statement 
C)  Official goal statement 
D)  Productivity goal statement

Question 10

What contains the notion of who is responsible for updating each part of the database and descriptions or names of the people who are authorized to access the different parts of the database?

Accepted Answer

A)  Data schema 
B)  Data definition 
C)  Data dictionary 
D)  Data glossary

Question 11

Which customers are the populations of people or organizations who have the problem your product is trying to solve?

Accepted Answer

A)  potential customers 
B)  existing customers 
C)  unrealized customers 
D)  in-depth analyzing customers

Question 12

What occurs when too many requests are received to log on to a website's pages?

Accepted Answer

A)  Denial of services 
B)  Loads of requests 
C)  Masses services 
D)  Brokers services

Question 13

All of the above the underwritten expectations employees and employers have about the nature of their work relationships is known as:

Accepted Answer

A)  Fairness contract 
B)  Psychological contract 
C)  Loyalty contract 
D)  None of the above

Question 14

New product development (NPD) managers recommended that NPD project success be measured using which item?

Accepted Answer

A)  financial success 
B)  technical performance success 
C)  market share 
D)  All of the above

Question 15

What describes the organization's vision, its shared values and beliefs, and its reason for being?

Accepted Answer

A)  Mission 
B)  Vision 
C)  Organizational goals 
D)  Operative goals

Question 16

Which one is created to administer a unit of local civil government or one created by the United States to conduct business?

Accepted Answer

A)  Profit Corporation 
B)  Private Corporation 
C)  Public Corporation 
D)  Domestic Corporation

Question 17

What is a foreign corporation organized under the laws of a foreign host country, but owned and controlled by the parent corporation in the home country?

Accepted Answer

A)  partially owned foreign subsidiary 
B)  wholly owned foreign subsidiary 
C)  wholly foreign participation venture 
D)  partially foreign participation venture

Question 18

The percentage analysis of increases and decreases in related items in comparative financial statements is called:

Accepted Answer

A)  Parallel analysis 
B)  Reciprocal analysis 
C)  Horizontal analysis 
D)  Vertical analysis

Question 19

Although it is desirable to establish attainable goals, it is undesirable to plan lower goals than may be possible, this is known as:

Accepted Answer

A)  budgetary monitoring 
B)  budgetary slack 
C)  budgetary drooping 
D)  inactive budget

Question 20

The final activities and steps needs to place merchandise made elsewhere into the hands of the consumer or to provide services to the customer is called retaining.

Accepted Answer

A) True 
 B)False

Exam 1: Certified Business Manager