Question 1

Design for manufacturability and assembly collaborate on achieving which of the following objectives of product design?

Accepted Answer

A)  Producibility 
B)  Cost 
C)  Quality 
D)  All of the above

Question 2

One who opposes a fundamental change and has the right to receive the fair value of his shares is:

Accepted Answer

A)  Authorized Business shareholder 
B)  Shareholder Merger 
C)  Dissenting shareholder 
D)  Board of Shareholder Director

Question 3

Expectation theory focuses on:

Accepted Answer

A)  Effort performance expectations 
B)  Performance reward linkage 
C)  Value of rewards 
D)  All of the above

Question 4

What describes the structure of the database being designed: the names and types of fields in each record type and the general relationships among different sets of records or files?

Accepted Answer

A)  Data element 
B)  Schema 
C)  Database Management System 
D)  Data diagram

Question 5

Financial management decisions can be divided into the management of assets and liabilities in:

Accepted Answer

A)  long term 
B)  short term 
C)  Both A and B 
D)  Neither A nor B

Question 6

What means that the job provides greater responsibility, recognition, and opportunities for growth and development?

Accepted Answer

A)  job simplification 
B)  job enrichment 
C)  job enlargement 
D)  job growth

Question 7

Pricing is a static element.

Accepted Answer

A) True 
 B)False

Question 8

What represents an opportunity for a company and its brands to directly target communications toward narrow, but highly desirable, audiences?

Accepted Answer

A)  strategic marketing 
B)  sponsorship marketing 
C)  target marketing 
D)  advertising marketing

Question 9

A blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals is called:

Accepted Answer

A)  Goal 
B)  Mission 
C)  Plan 
D)  Strategy

Question 10

How much of the current earnings to pay out as dividends rather than to retain and reinvest this is called:

Accepted Answer

A)  Debt usage 
B)  Earnings debt streams 
C)  Dividend policy decision 
D)  Honeywell dividend policy

Question 11

Duties that are part of a job but are incidental or ancillary to the purpose and nature of a job are called:

Accepted Answer

A)  Marginal functions 
B)  Essential job functions 
C)  Frequency functions 
D)  Supervisory functions

Question 12

The relationship between the volume of goods sold and inventory may be stated as inventory turnover.

Accepted Answer

A) True 
 B)False

Question 13

Which language allows using it both to develop applications that retrieve and manipulate data from a database?

Accepted Answer

A)  Data Definition 
B)  Data Manipulation 
C)  Data Articulation 
D)  4GLs

Question 14

A network of organizations that creates time, place, and possession utilities for consumers and business users is known as:

Accepted Answer

A)  Marketing channel 
B)  Volkswagen strategy 
C)  Federal Express channel 
D)  Inventory level strategy

Question 15

A process that defines which functions are responsible for performing what tasks, in what order, and in conjunction with what other tasks and functions is called?

Accepted Answer

A)  Market segment strategy 
B)  Product development process 
C)  Task development process 
D)  Project strategy

Question 16

Which budget presents the expected receipts and payments of cash for a period of time?

Accepted Answer

A)  Cost budget 
B)  Direct labor budget 
C)  Purchases budget 
D)  Cash budget

Question 17

Tariffs are imposed for which of the following reason?

Accepted Answer

A)  collection of revenue 
B)  protection of domestic industries from foreign competition 
C)  political control 
D)  All of the above

Question 18

Stock issued to owners is referred to as:

Accepted Answer

A)  Capital stock 
B)  Owner stock 
C)  Proprietor stock 
D)  Principal stock

Question 19

Instead of requiring the payment of cash at the time services are provided or goods are sold, a business may accept payment at a later date, such revenues are called:

Accepted Answer

A)  fees on account 
B)  earnings on account 
C)  credit on account 
D)  liability on account

Question 20

Cash and other assets that are expected to be converted to cash or sold or used up usually within one year or less, through the normal operations of the business, are called:

Accepted Answer

A)  Fixed assets 
B)  Streamlined assets 
C)  Current assets 
D)  Set assets

Exam 1: Certified Business Manager