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Business Management Spring Final Exam Review #5
Test Description: Review for Spring Final Exam in Business Management
Instructions: Answer all questions to get your test result.
1) The Motivation Theory that believes people are influenced by 1 of 3 needs is called:
A
Maslow's Hierarchy of Needs
B
Herzberg's Two-Factor Theory
C
McClelland's Achievement Motivation
2) The standard that deals with how long it takes to perform/complete a certain task is called:
A
Time
B
Cost
C
Quantity
D
Quality
3) The most important standard for a business is normally:
A
Quantity
B
Quality
C
Time
D
Cost
4) How do you decide when and how to develop a new product?
A
All of these
B
When you can produce and sell the product for a price customers can and are willing to buy
C
When you can turn an idea into a workable product design
D
When you have an idea that consumers want to buy
5) A basic product is a product that:
A
Is in its simplest form
B
Includes additional features that are not part of the physical product but increases its usability
C
Offers different options and features for the consumer
6) A warranty is:
A
An assurance from the seller that a product will perform to your satisfaction for a certain perio
B
A statement from the seller about the product’s quality of performance
C
A promise from a products’ company
7) A short path in a channel of distribution means:
A
The process goes from the producer to a wholesaler to the customer
B
The product goes the simplest way from producer to the customer
C
Demonstrating the product at a wholesale establishment
8) A reason that businesses advertise is to:
A
Introduce new products
B
Both of these
C
Inform and educate consumers
9) When thinking about making changes, it is necessary to make sure the business will be better off for the change.
A
True
B
False
10) One way to control costs is to offer employees health and wellness benefits.
A
True
B
False
*select an answer for all questions
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