Question 1

What is speaks as offensively rather than defensively oriented, and opportunity-seeking rather than problem solving?

Accepted Answer

A)  Event marketing relations 
B)  Cause-related marketing 
C)  Proactive marketing public relations 
D)  None of the above

Question 2

What refers to the efforts of governments to reduce tariffs and non-tariffs barriers to trade?

Accepted Answer

A)  Trade liberation 
B)  Trade release 
C)  Trade freedom 
D)  Trade emancipation

Question 3

Strategy of pricing the new product at a relatively high level and then gradually reducing it over time is known as:

Accepted Answer

A)  Product skimming 
B)  Consumer skimming 
C)  Floating Market concept 
D)  Market skimming

Question 4

A ratio that measures the instant debt-paying ability of a company is called:

Accepted Answer

A)  acid-test ratio 
B)  Liquidity ratio 
C)  debit ratio 
D)  credit ratio

Question 5

In which theory, mangers take a negative view and assume that most employees do not like work and try to avoid it?

Accepted Answer

A)  U Theory 
B)  V Theory 
C)  X Theory 
D)  Y Theory

Question 6

According to Juran's prescriptions, quality trilogy consists of:

Accepted Answer

A)  Quality planning, quality disbursement, quality improvement 
B)  Quality planning, quality control, quality improvement 
C)  Quality planning, quality restrain, quality expansion 
D)  Quality planning, quality control, quality feedback

Question 7

The amount added can be calculated in same manner as safety stock, using this procedure to cover possible high side demand for each option is called:

Accepted Answer

A)  go beyond option 
B)  option overlying 
C)  option overlapping 
D)  option intersecting

Question 8

What provides products or services that link clients from the external environment, and in doping so, allows each department to work independently in known as:

Accepted Answer

A)  Mediating technology 
B)  Pooled interdependence 
C)  Sequential technology 
D)  None of the above

Question 9

The ongoing plans that are used to provide guidance for tasks performed repeatedly within the organization are called:

Accepted Answer

A)  Procurement plans 
B)  Long-lasting plans 
C)  Single-use plans 
D)  Standing plans

Question 10

Many of the world's developing countries have long sought to create domestic industry by restricting imports of competitive products in order to allow smaller, less competitive domestic firms to grow and prosper, this is called:

Accepted Answer

A)  Import substitution 
B)  Factor mobility 
C)  Internalizers 
D)  None if the above

Question 11

What takes the opportunities and turns them into actions which, in turn, become values?

Accepted Answer

A)  Evaluation 
B)  Execution 
C)  Continuous process improvement 
D)  Work structure

Question 12

Which system record and process data resulting from business operations?

Accepted Answer

A)  Information Processing System 
B)  Transaction Processing System 
C)  Data Processing System 
D)  Business Processing System

Question 13

According to which theory, a country that is relatively labor abundant should specialize in the production and export of that product which is relatively labor intensive?

Accepted Answer

A)  The Theory of Comparative Advantage 
B)  The Theory of Absolute Advantage 
C)  The Theory of Factor Proportions 
D)  The Theory of Overlapping Product Ranges

Question 14

Issuance of shares defines:

Accepted Answer

A)  Equity Security source of capital creating an ownership interest in the corporation 
B)  Share a proportionate ownership interest in a corporation 
C)  Treasury Stock shares reacquired by a corporation 
D)  All of the above

Question 15

What refers to a Japanese style of management that is characterized by long-term employment, slow promotions, considerable job rotation, consensus-style decision making, and concern for the employee as a whole?

Accepted Answer

A)  Theory T 
B)  Theory T + 
C)  Theory Z 
D)  Theory Z +

Question 16

Which databases allow browsers to search items by key words or combinations of them and to do so, the site provides a local search engine that scours web pages stored in its database?

Accepted Answer

A)  Catalog 
B)  Library 
C)  Directory 
D)  Value

Question 17

A post-purchase doubt the buyer experiences about the wisdom of the choice is called:

Accepted Answer

A)  Loyalty dissonance 
B)  Cognitive dissonance 
C)  Record dissension 
D)  Decision conflict

Question 18

Organizing tasks, duties, and responsibilities into a productive unit of work is known as:

Accepted Answer

A)  Job design 
B)  Job description 
C)  Job plan 
D)  Job model

Question 19

What is made up of transfers if financial assets and the acquisition and disposal of nonproduced / nonfinancial assets?

Accepted Answer

A)  Capital account 
B)  Financial account 
C)  Portfolio account 
D)  Direct Investment account

Question 20

Strategic, long-range, manufacturing planning decisions may NOT be grouped in which of the followings?

Accepted Answer

A)  value-added decisions 
B)  facility size, location, and degree of focus decisions 
C)  process flow and facility layout decisions 
D)  business integration decisions

Exam 1: Certified Business Manager