Question 1

What include a wide variety of graphical and statistical methods to plan work activities, collect data, analyze results, monitor progress, and solve problems?

Accepted Answer

A)  Statistics 
B)  Techniques 
C)  system 
D)  Tools

Question 2

What come in a variety of forms and are offered to retailers simply for purchasing the manufacturer's brand or for performing activities in support of the manufacturer's brand?

Accepted Answer

A)  Trade allowances 
B)  Power transfers 
C)  Sales promotions 
D)  Reward structures

Question 3

A huge collection of data that supports management decision making and maintains snapshots of business conditions at predetermined points in time is called:

Accepted Answer

A)  Data store 
B)  Data warehouse 
C)  Data storehouse 
D)  Data depot

Question 4

Which of the following is NOT the element of the Management Information System?

Accepted Answer

A)  Information-reporting system 
B)  Decision-support system 
C)  Executive information system 
D)  Enterprise resource planning

Question 5

What involves the purchase of accounts receivables by the lender, generally without resource to the borrower?

Accepted Answer

A)  Wal-Mart financing 
B)  Pledging 
C)  Factoring 
D)  Interest expense

Question 6

A larger work segment composed of several tasks that are performed by an individual is referred to as:

Accepted Answer

A)  Task 
B)  Duty 
C)  Responsibility 
D)  Chore

Question 7

Which of the following is NOT the step of resource requirements planning?

Accepted Answer

A)  Obtain the planned production for each product group by period 
B)  determine the efficiency and capacity of work centers 
C)  determine the resource profile for each product group 
D)  using the planned production, calculate the resource and material requirements

Question 8

What calls for matching asset and liability maturities?

Accepted Answer

A)  Short-term financing 
B)  Self-liquidating approach 
C)  Long-term financing 
D)  Equity spontaneous approach

Question 9

______________ has a wide span, is horizontally dispersed, and has fewer hierarchical levels.

Accepted Answer

A)  Tall structure 
B)  Centralized structure 
C)  Flat structure 
D)  Decentralized structure

Question 10

An inventory control system that schedules materials to arrive precisely when they are needed on a production line is called:

Accepted Answer

A)  Distribution inventory system 
B)  Just-in-time inventory system 
C)  Disembark inventory system 
D)  None of the above

Question 11

What causes data communications applications to process huge numbers of messages and files for no useful; purposes, which detracts from the efficiency of transmitting and receiving legitimate messages and files?

Accepted Answer

A)  Viruses 
B)  Bugs 
C)  Worms 
D)  Errors

Question 12

_____________ requires an analysis of the number of suppliers required currently and in the future for each purchased item.

Accepted Answer

A)  Optimization 
B)  Neutralization 
C)  Balancing 
D)  Counterbalance

Question 13

The ratios that are much higher than the market averages are generally associated with companies with fast-growing profits are called:

Accepted Answer

A)  Price-earnings ratios 
B)  Emerging ratios 
C)  Capital ratio 
D)  Dividend charges

Question 14

An important resource similar to cash, raw materials, and energy is the:

Accepted Answer

A)  Power 
B)  Knowledge 
C)  Performance 
D)  Tools

Question 15

The average length of time required converting materials into finished goods and then to sell those goods is called:

Accepted Answer

A)  Inventory conversion period 
B)  Cash conversion cycle 
C)  receivables collection period 
D)  selling goods duration

Question 16

What refers to the process of evaluating the credit policy to determine if a shift in the customers' payment patterns has occurred?

Accepted Answer

A)  Payables monitoring 
B)  Receivables monitoring 
C)  Transactional monitoring 
D)  Controlled monitoring

Question 17

A situational variable that counteracts a leadership style and prevents the leader from displaying certain behaviors is called:

Accepted Answer

A)  Neutralizer 
B)  Substitute 
C)  Switch module 
D)  Situational factor

Question 18

An unincorporated business association of two or more persons to carry out a particular business enterprise for profit is known as:

Accepted Answer

A)  Speculation 
B)  Business enterprise 
C)  Joint venture 
D)  None of the above

Question 19

When one or more people hire another person to perform a service and then delegate decision-making authority to that agent, then they are said to be in:

Accepted Answer

A)  Charity relationship 
B)  Agency relationship 
C)  Group relationship 
D)  Intervention relationship

Question 20

Which of the following is NO the step in developing job descriptions and job specifications?

Accepted Answer

A)  Draft job descriptions and specifications 
B)  Review and compile data 
C)  Review drafts with managers and employees 
D)  Identify recommendations

Exam 1: Certified Business Manager