Question 1

A plan for interacting with the competitive environment to achieve organizational goals is known as:

Accepted Answer

A)  Design 
B)  Policy 
C)  Certificate 
D)  Strategy

Question 2

Entering a foreign market, what can be done?

Accepted Answer

A)  market the same product anywhere 
B)  adapt the product for foreign markets 
C)  develop a totally new product 
D)  All of the above

Question 3

The marketplace value of a brand based on reputation and goodwill is called:

Accepted Answer

A)  Brand equity 
B)  Product impartiality 
C)  Trade-marking 
D)  Brand Identification

Question 4

The formula to calculate the Sales (units) is:

Accepted Answer

A)  Sales (units) = (Fixed costs + Target profit) / break-even sales 
B)  Sales (units) = (variable costs + Target profit) / break-even purchases 
C)  Sales (units) = (Fixed costs + Target profit) / Unit contribution margin 
D)  Sales (units) = (variables costs + Target profit) / Unit contribution margin

Question 5

Process of studying the environment of the organization to pinpoint opportunities and threats is known as:

Accepted Answer

A)  Environmental regulating 
B)  Environmental scanning 
C)  Environmental scrutinize 
D)  Environmental inspection

Question 6

What assess effectiveness by observing the beginning of the process and evaluating whether the organization effectively obtains means necessary for high performance?

Accepted Answer

A)  Goal approach 
B)  Internal process approach 
C)  Resource-based approach 
D)  Stakeholder approach

Question 7

Movement of products, negotiation, ownership, information, and promotion through each participant in the marketing channel is called:

Accepted Answer

A)  Market ownership flow 
B)  Marketing management channels 
C)  Flows in marketing channels 
D)  Logistics in marketing channels

Question 8

Information system, that help seize opportunities are called:

Accepted Answer

A)  Confiscate information systems 
B)  Strategic information systems 
C)  Appropriate information systems 
D)  Restore information systems

Question 9

The extent of individual freedom and discretion in the work and its scheduling indicates:

Accepted Answer

A)  Autonomy 
B)  Self-rule 
C)  Feedback 
D)  Sovereignty

Question 10

Which is NOT the tool used in six-sigma efforts?

Accepted Answer

A)  Elementary statistical tools 
B)  Product processing time 
C)  Measurement 
D)  Implementation and teamwork

Question 11

A learning cycle has which of the following four stages?

Accepted Answer

A)  Planning, Organizing, Measurement, Revision 
B)  Planning, Implementation, Assessment, Adjustment 
C)  Planning, Execution, Assessment, Revision 
D)  Planning, Execution, Evaluation, Improvement

Question 12

What the simplest from the administrative point is of view because it emphasizes the basic tasks of the firm?

Accepted Answer

A)  Customer structure 
B)  Organizational structure 
C)  Functional structure 
D)  Statistical structure

Question 13

A method used to forecast the supply of people for certain positions is called:

Accepted Answer

A)  Succession analysis 
B)  Placement analysis 
C)  Replacement analysis 
D)  Affecting workforce

Question 14

What involves more trading monitoring of the portfolio and may be motivated by a philosophy that the investor can beat the market?

Accepted Answer

A)  Yield-spread investment strategy 
B)  Passive investment strategy 
C)  Active investment strategy 
D)  None of the above

Question 15

If earnings are poor and stockholders are dissatisfied, an outside group might solicit the proxies in an effort to overthrow management and take control of the business, this is known as:

Accepted Answer

A)  Poor Proxy 
B)  Proxy fight 
C)  Scrap proxy 
D)  stand-up fight Proxy

Question 16

Software that works on computer network or via the Internet to link people across a room or around the globe is called:

Accepted Answer

A)  Assembly-line 
B)  Troop-up 
C)  Groupware 
D)  Band-ware

Question 17

Which information includes both historical and estimated data used by people in conducting daily operations, planning future operations, and developing overall business strategies?

Accepted Answer

A)  Managerial accounting 
B)  Financial accounting 
C)  Cost accounting 
D)  Supervisory accounting

Question 18

A full copy of the entire database is stored at all the sites that need access to it is known as:

Accepted Answer

A)  Replication 
B)  Duplication 
C)  Simulation 
D)  Impersonation

Question 19

A Pareto diagram is a histogram of the data from the smallest frequency to the largest.

Accepted Answer

A) True 
 B)False

Question 20

What refers to both incremental improvements that are small and gradual as well as break through, and large and rapid, improvement?

Accepted Answer

A)  Continuous improvement 
B)  Re-growth 
C)  Streamlined improvement 
D)  Rationalized improvement

Exam 1: Certified Business Manager