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Business Management Spring Final Exam Review #7
Test Description: Review for Spring Final Exam in Business Management
Instructions: Answer all questions to get your test result.
1) The standard that deals with controlling expenses that ultimately effect profit or loss is called:
A
Quality
B
Quantity
C
Time
D
Cost
2) The difference between current performance and the standard is called:
A
Change
B
Affiliation
C
Variance
D
Standard
3) The two types of product research are:
A
Scientific and Real
B
Internet and Encyclopedia
C
Internal and External
D
Pure and Applied
4) An extended 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
5) One way to control costs is to offer employees health and wellness benefits.
A
False
B
True
6) Medicare and Social Security are benefits required by law.
A
False
B
True
7) Telemarketing is:
A
A salesperson going door-to-door to sell their product
B
Using television to sell a company’s product
C
Using the telephone to market a company’s product
8) Hiring an employee with the right skills for the opening is the first step to a successful hire.
A
True
B
False
9) A factor that may contribute to an employee’s productivity and willingness to stay with the company is pay and environment.
A
False
B
True
10) Employees are generally all motivated by similar needs.
A
True
B
False
*select an answer for all questions
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