Business Information MCQs

Business Information MCQs

These Business Information multiple-choice questions and their answers will help you strengthen your grip on the subject of Business Information. You can prepare for an upcoming exam or job interview with these Business Information MCQs.
So scroll down and start answering.

1: Studying a variety of ecommerce ____ helps to understand the true importance of ecommerce.

A.   Data Input

B.   Lights out

C.   Implementation

D.   Online Flyers

A.   Mirroring

B.   Duplicating

C.   Grouping

D.   Clustering

3: Unlike the united states, most countries across the globe rely on the _____ to measure units.

A.   Barter system

B.   Stoney unit system

C.   Metric system

D.   Planck unit system

E.   Imperial unit system

4: Clarifying the issues of a problem is the _____ step in the problem-solving process.

A.   First

B.   Sixth

C.   Seventh

D.   Second

5: In the problem solving process, the first step is to try to ______.

A.   Generate multiple solutions

B.   Review your results

C.   Decide on a solution

D.   Evaluate your choices

6: A(n) ________ cost is one whose total amount changes in direct proportion to a change in volume.

A.   Variable

B.   Fixed

C.   Mixed

D.   Irrelevant 2

7: Balance of payments is a ____ concept than balance of trade.

A.   Broader

B.   More difficult

C.   Nearly identical

D.   Less difficult

E.   Narrower

8: A(n) ____ converts all of the statements in a program in a single batch.

A.   Interpreter

B.   Compiler

C.   Translater

D.   None of the above

9: In order to make your career as mobile as possible, it is important to ________.

A.   Stick closely to the job tasks that are given to you

B.   Let your boss know that you are willing to change jobs

C.   Expand your responsibilities by accepting new projects

D.   Accept any new job opportunities that come your way

10: The best way to correct any new problems that arise because of a solution is to ________.

A.   Address problems with a counterplan

B.   Deal with those issues all at once

C.   Ignore those problems until they are severe

D.   All of the above

11: Folds are an example of ________.

A.   Brittle deformation b.

B.   Ductile deformation c.

C.   Elastic deformation d.

D.   Shear deformation 205

12: _____ of all students who do not complete high school cannot find work.

A.   Two thirds

B.   One half

C.   One quarter

D.   Three fourths

13: “like”, “um”, and “you know” are all examples of _____.

A.   1-3

B.   3-5

C.   5-7

D.   7-9

14: A fairly subtle approach to advertising is _____.

A.   Product placement

B.   Television advertising

C.   Radio advertising

D.   Integrated marketing communications None

15: During the 1980s, incompatible computer products resulted in ____.

A.   Excessive spare parts inventories

B.   A lack of transferable employee skills

C.   Increased support costs

D.   All of these

16: It is estimated that a first time dui costs roughly______ once all potential costs are factored in.

A.   $1,000.

B.   $2,000.

C.   $4,000.

D.   $8,000

17: _____ and fotolia are examples of web sites where you can download graphics and photos for a fee.

A.   Software suite

B.   Shutterstock

C.   Video editing

D.   Contrast

A.   Thousand

B.   Million

C.   Billion

D.   Drillion

19: _____ is an example of transaction-processing system.

A.   Fair Use Doctrine

B.   Tax records

C.   Resource allocation

D.   Automated payroll

20: The business architecture describes __________.

A.   Significantly speed up integration and consolidation of data

B.   The hardware and software infrastructure that supports applications and their interactions.

C.   The organization's strategic direction.

D.   The processes the business uses to meet its goals

21: An important feature of emergency operation plans is that they ________________________________.

A.   Provide a uniform response to all hazards that a community may face.

B.   Are specifically tailored to recovery and contingency plans.

C.   Are available electronically and may be updated throughout the incident.

D.   May be used in place of the National Incident Management System

22: Cohabitation is _____ and marriage rates are _____ with adults.

A.   Decreasing; decreasing

B.   Decreasing; increasing

C.   Increasing; decreasing

D.   Increasing; increasing

23: A disadvantage of a franchise is that the franchise owner must _____.

A.   Compete with other franchises

B.   Send all profits after salaries and taxes to the other parent company

C.   Guarantee product quality

D.   Sacrifice some freedom in return for the parent company’s guidance

24: ____________ is an example of a retailer whose merchandise mix is both wide and deep?

A.   A farmers' market

B.   City Lights Bookstore

C.   Sunglass Hut

D.   Costco

E.   Amazon

25: A client-server relationship is the basic form of a _____.

A.   Customized software package

B.   Work for hire contract

C.   Computer network

D.   Service support contract

26: The best way to convince employers of your skills and abilities is to _____.

A.   Provide a written list, such as in your resume

B.   Offer proof by example in answering interview questions

C.   Have the employer contact your references

D.   None of the above

27: ________ is a traditional function of the mis department.

A.   Managing system integration including the internet, intranets, and extranets

B.   Creating business alliances with business partners

C.   Educating the MIS staff about the business

D.   Managing systems development

28: A company logo would be an example of a ________.

A.   Copyright.

B.   Patent.

C.   Trademark.

D.   Trade secret

29: ____ are particularly useful for individuals who need to scan barcodes while on the go.

A.   Portable barcode readers

B.   Quick Response barcode readers

C.   Two-dimensional (2D) barcodes

D.   Fixed barcode readers

30: When the price level decreases, _____.

A.   The demand for money falls and the interest rate falls

B.   Holders of financial assets with fixed money values decrease their spending

C.   Holders of financial assets with fixed money values have less purchasing power

D.   There is a decrease in consumer spending that is sensitive to changes in interest rates

31: _____ involves determining a structure for both individual jobs and the overall organization.

A.   Controlling

B.   Leading

C.   Organizing

D.   Planning

32: _____ means directing and motivating individuals to achieve organizational goals.

A.   Leading

B.   Equity theory

C.   Theory Y

D.   Theory X

33: _____ offer(s) consumers incentives to accept advertising and e-mail voluntarily.

A.   Viral marketing

B.   Personalized marketing

C.   Permission marketing

D.   Paper catalogs

E.   Direct mail

34: _____ refer to the pay that employees receive over a fixed period, most often weekly or monthly.

A.   Orientation

B.   Separation

C.   Job analysis

D.   Salaries

35: ______ is at the center of the diversity wheel.

A.   Philosophy.

B.   Personality.

C.   Psychometrics.

D.   Philanthropy.

E.   Psychology

36: ________ are informal standards of conduct that members share and that guide member behavior.

A.   Norms

B.   Expectations

C.   Dynamics

D.   Responsibilities

E.   Robert’s Rules of Order

37: _________ is an important part of the total product offer for a product.

A.   Consumer income

B.   Management style

C.   Employee personality

D.   Packaging

38: ___________ are good places to look to find your current expenses when building your budget.

A.   Banks and credit unions

B.   Grocery stores and concerts

C.   Banks and credit statements

D.   Online research websites

39: ______________ is the amount an employee earns before payroll withholding is performed.

A.   Net pay

B.   Gross pay

C.   Taxable interest

D.   An estate

40: _______________ is the process of selling goods and services to individuals for their personal use?

A.   Retailing

B.   Distribution

C.   Wholesaling

D.   Marketing

E.   Supply Chaining

41: ________________ is the money a company generates through the sale of products and services.

A.   Revenue

B.   Distribution

C.   Profit

D.   Social

42: Business writing should be purposeful, economical, and _____________________.

A.   Decoding

B.   Promote goodwill

C.   Audience Oriented

D.   None of these

43: A _____ can represent a digit, a letter, or a color.

A.   Byte

B.   Decimal

C.   Scheme

D.   Sample

44: A _____ is a document that thanks an interviewer and restates an applicant's interest in the job.

A.   Cover letter

B.   Acceptance letter

C.   Thank-you letter

D.   Rejection letter

45: A ________ is what a customer gains from the product or service feature.

A.   Feature

B.   Bonus

C.   Discount

D.   Benefit

46: A business opportunity is an idea, plus ________.

A.   It is attractive to customers

B.   It will work in your business environment

C.   It can be executed in the defined window of opportunity

D.   All of the above

47: A claim is ________; an adjustment is ________.

A.   A goodwill message; a means to an end

B.   An emotional reaction; a calculated response

C.   A formal complaint; a settlement of a claim

D.   An informal complaint; an emotional reaction

E.   An assertion; a shift in point of view

48: A company newsletter is an example of ________.

A.   Media relations

B.   Sponsorship

C.   Corporate identity

D.   Internal PR

E.   Publicity

49: A discount from the list, or retail, price offered to intermediaries is a(n) ____ discount.

A.   Quantity

B.   FOB price

C.   Cash

D.   Trade

E.   Cumulative

50: A good or service purchased to satisfy personal and family needs is a(n) ________ product.

A.   Convenience

B.   Shopping

C.   Consumer

D.   Industrial

E.   Specialty

51: A job task is a(n)________.

A.   Set of KSAOs

B.   Observable unit of work with a beginning and an end

C.   Set of related tasks that are repeated on the job

D.   Employee characteristic related to job performance

52: A legally protected brand is called a(n) ________.

A.   Equity

B.   Knockoff

C.   Trademark

D.   Recognized brand

E.   Generic

53: A market structure with a large number of sellers who make differentiated products is called _____.

A.   Perfect competition

B.   Monopolistic competition

C.   Oligopoly

54: A marketer focuses on a product's ________.

A.   Physical characteristics

B.   Service attributes

C.   Symbolic attributes

D.   Benefits

55: A net worth statement, insurance plan, and a budget are all part of a _____.

A.   Saving and investing plan

B.   Financial plan

C.   Savings account long-term

D.   Financial goal

56: A partnership in which owners share managerial responsibilities is called a __________.

A.   Limited liability corporation

B.   Specific partnership

C.   General partnership

D.   Limited partnership

57: A partnership is a business organization owned by _____

A.   A business owned by individual stockholders

B.   A nonprofit organization

C.   What kind of business organization will best serve his or her interests

D.   Two or more individuals

58: A prospect who _____ will say no during the first few calls to test the salesperson's persistence.

A.   Resists change because he or she dislikes making decisions

B.   Objects because it is a matter of custom

C.   Has not been properly qualified

D.   Wants to avoid the sales interview

E.   Fails to recognize a need

A.   Proprietorship

B.   Association

C.   Trade alliance

D.   Corporation

E.   Partnership

60: A(n) ________ is a collection of data that is stored within business records.

A.   Repository

B.   Role

C.   Activity

D.   Resource

61: A/an _______ is a mathematical statement that calculates a value.

A.   Argument

B.   Function

C.   Order of operations

D.   Formula

62: All contracts can be categorized as either ___________ or __________.

A.   Unilateral, complete

B.   Unilateral, trilateral

C.   Bilateral, trilateral

D.   Unilateral; bilateral

63: All of the following except ________ will help you plan effective email messages.

A.   Making sure every email you send is necessary

B.   Following company email policy

C.   Ignoring the chain of command

D.   Keeping virus protection up to date

64: All of the following except ________ will make your business messages more effective.

A.   Providing practical information

B.   Clarifying expectations and responsibilities

C.   Presenting information concisely and efficiently

D.   Discussing personal issues and complaining about problems

65: An effective business document should ____.

A.   Have a professional appearance

B.   Convey its message concisely

C.   Convey its message clearly

D.   All of the above

66: An existing business can be for sale because _____.

A.   The owners are retiring

B.   The owners are entering a new business

C.   The business is losing money

D.   All of the above

67: An experimental study is one that _____.

A.   Attempts to capture a population's characteristics by making inferences from a sample's characteristics and testing resulting hypotheses

B.   Involves manipulation of one or more variables to determine the effect on another variable

C.   Discovers answers to the questions who, what, when, where, or how much

D.   Attempts to reveal why or how one variable produces changes in another

E.   Provides repeated measures over an extended period of time

68: An increase in quantity supplied is represented by _____.

A.   A downward movement along the supply curve

B.   A shift to the right of the supply curve

C.   An upward movement along the supply curve

D.   A shift to the left of the supply curve

69: An investor who invests money into your business in exchange for equity receives ________.

A.   A share of ownership of the business

B.   Liability for any debt the business incurs

C.   A monthly dividend out of the business profits

D.   Bonds

E.   Headaches

70: Another name for a manufacturer's brand is a(n) __________ brand.

A.   Systematic

B.   Extended

C.   National

D.   Premium

E.   Private-label

71: Antitrust laws _____ competition, and patents _____ competition.

A.   International trade

B.   Increase, decrease

C.   In a different way

D.   Acting like monopolies

72: Any space free of text or artwork, both in print and online, is referred to as ________ space.

A.   Awkward

B.   Descriptive

C.   Clarity

D.   White

73: Assembly processes are ________ activities.

A.   Outbound logistics

B.   Marketing and sales

C.   Customer sales

D.   Administrative

E.   Operations and manufacturing

74: Asset-based borrowing permits small businesses ________.

A.   To borrow up to 100 percent of the value of their inventory or their accounts receivable for the money they need for long-term goals

B.   To use normally unproductive assets such as accounts receivable and inventory

C.   To obtain loans more easily but with less borrowing power than using unsecured lines of credit

D.   Access to a source of funds ideally suited for long-term financing needs

75: Compared to cds, basic savings accounts are _____ liquid and have _____ interest rates.

A.   More, lower

B.   Less; higher

C.   Less; lower

D.   More; higher

76: Consumer ____________ is central to a capitalist economy.

A.   Sovereignty

B.   Quantities

C.   Along

D.   Quantity

77: In the context of diverse workforces, _____ is a secondary characteristic of diversity.

A.   Gender

B.   Sexual orientation

C.   Marital status

D.   Age

E.   Ethnicity

78: ____ resources are used to meet obligations to investors and creditors.

A.   Tangible

B.   Intangible

C.   Material

D.   Financial

79: _____ are an example of a fringe benefit provided by a company to its employees.

A.   Laundry services

B.   Bonuses

C.   Pension plans

D.   Food services

80: _____ do not have the authority to make decisions.

A.   Self-designing teams

B.   Employee involvement teams

C.   Semi-autonomous work groups

D.   Self-managing teams

81: _____ is a marketing strategy that creates new products for present markets.

A.   Product penetration

B.   Market penetration

C.   Product development

D.   Target Market

82: _____ refers to a process in which two or more people get together to generate new ideas.

A.   Lateral thinking

B.   Mind mapping

C.   Brainstorming

D.   Speed thinking

E.   Concept mapping

83: _____ refers to searching and capturing new ideas that lead to business opportunities.

A.   Innovation

B.   Entrepreneurial alertness

C.   Opportunity recognition

D.   Technology transfer

84: ________ cultures value hard work and promote entrepreneurial risk taking.

A.   Short-term oriented

B.   High uncertainty avoidance

C.   Individualist

D.   Collectivist

85: ________ has helped small businesses compete with larger businesses.

A.   Technology

B.   Retailing

C.   Wholesale

86: ________ is a set of principles concerned with reducing waste and improving flow.

A.   Lean production

B.   Mass production

C.   None

87: Both job order costing and process costing ________.

A.   Maintain a single Work-in-Process Inventory account

B.   Treat all period costs as product costs

C.   Follow last-in, first-out method for inventory valuation

D.   Have the same type of product costs

88: Customers' perceptions of a product are called the product's _____.

A.   Brand

B.   Attributes

C.   Marketing mix

D.   Web logs

89: Deciding the sequence of operations a company will use to create its product is called ________.

A.   Product planning

B.   Capacity planning

C.   Location economies

D.   Process planning

90: Ethics are _____.

A.   Moral principles

B.   Capacity planning

C.   Location economies

D.   Process planning

91: Ethics are the standards of right and wrong set for us by society, whereas the law is __________.

A.   A higher calling where society acknowledges that we must take a higher level of action against what may be perceived as a wrongful act

B.   The specific and certain way of solving right and wrong that goes beyond what we consider good ethical behavior

C.   The minimum protection a society enacts toward behavior that is harmful to many

D.   Obeyed strictly out of compliance, whereas ethical behavior is in complianc

92: Every person has the _____ and _____ to pursue a career as an entrepreneur.

A.   Stubbornness; stupidity

B.   Potential; free choice

C.   Rights; regulations

D.   Obligation; duty

93: Giving consumers larger quantities at a low price would help taco bell regain _____.

A.   The highest profit margin in fast food

B.   Prestige product status

C.   Word of mouth advertising

D.   Status quo pricing

E.   Competitive advantage

94: If a firm can earn ________, the firm is creating value for its shareholders.

A.   Diminishing returns

B.   Above-average returns

C.   Marginal returns

D.   Market-average returns

95: In _____, many firms compete by selling differentiated products.

A.   Oligopoly.

B.   Monopoly

C.   Monopolistic competition

96: In a ________ structure each business unit has complete autonomy to reach its goals.

A.   Simple

B.   Functional

C.   Divisional

D.   Matrix

97: In a generic value chain, a firm's after-sales service will be referred to as its _____.

A.   Primary activity

B.   Support activity

C.   Static resource

98: In a large corporation, shareholder responsibilities include ________.

A.   Electing a board of directors

B.   Primary activity

C.   Support activity

D.   Static resource

99: In corporations, owners are __________________ and managers are ________________.

A.   Agents; principals

B.   Stockholders; bondholders

C.   Principals; agents

D.   Agents; employees

100: In porter's five forces model, the threat of new entrants concerns the danger of ________.

A.   Customers taking their business elsewhere

B.   The majority of firms generate sustained growth

C.   About 50 percent of firms generate sustained growth manufacturing firms tend to generate sustained growth while service firms do not

D.   Service firms tend to generate sustained growth while manufacturing firms do not