Buying and Merchandising GA Only Testing Practice Test
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Which of the following types of laws is most likely to affect students: *
1 point
One of the main functions of the legal procedure is to *
1 point
Which type of business ownership would help a small business by taxing its owners as  individuals? *
1 point
What form of technology allows channel members to track a product's movement through the  supply chain in real time? *
1 point
A business should communicate inventory needs with its vendors before a planned sales  promotion to ensure that the vendors *
1 point
Which of the following techniques would help an employee understand and follow the  manager's instructions about operating office equipment: *
1 point
Jerry is in a staff meeting when his colleague makes a statement that he doesn't quite  understand. Jerry raises his hand and asks, "To make sure I'm getting this right, you're saying that the  company is $5,000 over budget this fiscal year?" This is an example of a __________ question *
1 point
Before DiAnn presents her new idea to her boss, she searches the Internet and jots down two  statistics that reinforce the idea. This is an example of *
1 point
While reading over her writing, Danielle noticed that a sentence seemed out of place, so she  moved it to a new paragraph. This is part of the __________ process. *
1 point
Which of the following types of customers is easy to handle but requires a lot of the  salesperson's time:   *
1 point
The benefit that a brand promises to its target customers must be *
1 point
Customer trust can provide a business with *
1 point
What step in the receiving process should a business complete before paying the invoice? *
1 point
Which of the following methods of moving stock would require the least physical effort on the  part of receiving workers: *
1 point
A merchandise planning decision that involves how much merchandise to place on the selling  floor, how much to place in a stockroom, and whether to use a warehouse is concerned with the  __________ of merchandise. *
1 point
Which of the following occurs when all available inventory has been sold: *
1 point
What type of inventory control involves counting inventory at certain times of the year? *
1 point
Which element of marketing refers to the various types of communication that marketers use to  inform, persuade, or remind customers of their products? *
1 point
When there is not enough of a resource available for everyone to have as much of it as  desired, the resource is *
1 point
Which of the following is an example of increased financial risk for a company with poor  business ethics: *
1 point
Which of the following statements is true about private enterprise: *
1 point
Inflation has driven up prices at Allen’s business, forcing him to reprint all his price lists and  send notices out to clients. These expenses are known as *
1 point
Which of the following is an example of a transfer payment: *
1 point
The most likely reasons that a vertically integrated apparel company might offshore its  manufacturing processes to businesses located in India, Taiwan, and China are to *
1 point
Which of the following parts of self-management reflects the ability to adjust to new and  changing situations: *
1 point
When Violet makes a mistake, she admits it to her boss and tries to make things right. Violet is  demonstrating *
1 point
Why do creative people tend to be more tolerant of ambiguity? *
1 point
An employee who consistently displays a positive attitude is likely to have *
1 point
You check in with your group members often to make sure everyone is on track to finish your  project. Which characteristic of open, honest communication are you demonstrating? *
1 point
If Hank feels like he has too much on his plate at work, he should consider *
1 point
Which of the following will help you be a good team member: *
1 point
Which of the following is a character trait that effective leaders usually possess: *
1 point
When leading change, it is important to realize that there will be some type of *
1 point
Taking responsibility for your team's success or failure in achieving the vision is part of a team  leader *
1 point
The easy choice is often the *
1 point
 Which of the following is an example of a transfer payment: *
1 point
Having a “rainy day fund” equivalent to six months of living expenses is an important financial  goal because *
1 point
Determine personal net worth if you own and owe the following:                                                                              Own:                                                                                         Car $ 8,000                                                                     Engagement ring $ 3,500                                   Investments $45,000                                                  Savings account $12,500                                 Grandmother's antique china $ 2,500                                -                                                                                              Owe:                                                                                      Student loan $35,000                                                 Monthly apartment rental $ 600                                       Credit card balance $ 2,750                                        Utilities $ 250 *
1 point
Which of the following is a disadvantage of investing in bonds: *
1 point
Which of the following are usually responsible for analyzing a business’s income statement: *
1 point
Which of the following is an ethical principle that is applicable to finance: *
1 point
Using data wisely can help a company save money by *
1 point
An internal source of secondary marketing information is the business's *
1 point
Which situation is an example of SUGGING? *
1 point
What can a business do to determine why sales for its mid-priced product line have been  steadily declining over the past year? *
1 point
Businesses maintain information about inventory levels, the types of products that customers  are buying, and the reasons for any returns in order to *
1 point
What is an example of a marketing-research method that is used to collect primary data? *
1 point
What type of merchandise would a drug store located near a Miami, Florida beach most likely  stock on a regular basis? *
1 point
What marketing function directly affects how well a product will sell and the amount of money  the business will make? *
1 point
The dollar inventory control method is often used to determine the __________ value of stock. *
1 point
Identifying potential threats in the marketplace and turning them into opportunities is one  reason why a business conducts a(n) *
1 point
Which of the following is an advantage to businesses of using web-based services for storing  business records online: *
1 point
Appropriate information management saves businesses time and money by *
1 point
A benefit of using an electronic calendar to prepare schedules is that it allows employees to *
1 point
One of the best ways for a business to obtain up-to-date information about available products  is through *
1 point
Natalie needs to compile a list of her retail business's suppliers, along with the products that  the business purchases from each. Which of the following internal records is most likely to contain the  information that she needs: *
1 point
Which operations activity is also referred to as procurement? *
1 point
Judy fell from a display platform and tore the ligaments in her ankle. Her injury is considered  a(n) *
1 point
Retail employees often recognize shoplifters by looking for people wearing clothing that is *
1 point
Bill, Tara, and Lauren work for a small manufacturing firm that produces designer jeans. Bill is  the fabric buyer, Tara buys the small items needed to construct the jeans, and Lauren sews the jeans.  What does Lauren need from Bill and Tara to do her job? *
1 point
The latest model of the Apple iPad is an example of a(n) *
1 point
Determining which tasks need to be performed and when they need to be completed is an  important aspect of project *
1 point
 What kind of conversion process is being used in an automated assembly line that produces soft drinks? *
1 point
Which of the following coin and dollar amounts would a store cashier need in the cash drawer  to begin the day with an opening fund of $300: *
1 point
One of the major reasons that good posture is important is that it can *
1 point
Patrick is having trouble working with one of his coworkers on a company project. He isn't sure  what's wrong, but he knows that his coworker isn't contributing quality work to the project. If Patrick wants  to solve this problem, what is the first step he should take? *
1 point
Determine whether the following statement is true or false: Most people have the same kind of  work style. *
1 point
One way to obtain reliable and up-to-date information about employment trends in a certain  career or field is by *
1 point
Which of the following is an accurate description of business records: *
1 point
Which of the following statements about pricing is true: *
1 point
Which of the following is an example of bait-and-switch advertising: *
1 point
Donna's new refrigerator came with a five-year written warranty on the cabinet liner and  refrigerating system. This is an example of a(n) __________ warranty. *
1 point
Having a narrow product mix allows a company to *
1 point
Product bundling is based on the concept that *
1 point
When a business presents an item to the marketplace by emphasizing its economic value, the  business is positioning the product on the basis of its *
1 point
Telling a brand story is important because it *
1 point
A furniture store sold 120 sofas during the first six months of the year. The store's average  inventory was 20 sofas. The stock turnover rate for the sofas was *
1 point
Which of the following formulas would a store use to determine the markdown percentage  when it knows the dollar amount of markdown and the original price: *
1 point
 A specialty shop has annual sales of $113,175 and a stock turnover rate of 9. What is the  specialty shop's average inventory in dollars? *
1 point
Which of the following usually is the first step in determining the quantity of goods to buy: *
1 point
A hotel restaurant might ask a vendor to send a sample of its table linens to evaluate the  product's *
1 point
A company's ad features the care it takes not to damage the environment with its  manufacturing methods. This is an example of what type of promotion? *
1 point
 One situation in which it might be considered unethical for businesses to use advertising  characters that appeal to children is if the businesses are advertising   *
1 point
One reason for the regulation of promotion is to prevent businesses from *
1 point
 What type of color ads are printed on high-quality paper? *
1 point
What is one of the functions of certain types of public relations activities? *
1 point
A manager is preparing the hotel's ballroom for a wedding reception. To ensure that the staff  sets up the ballroom correctly, the manger should review the *
1 point
 Visual merchandising is a tool that stores can use to *
1 point
Which of the following would be the primary fixture to use when constructing a promotional  area for canned goods: *
1 point
Retailers often set up point-of-sale displays to promote merchandise because the displays  serve as *
1 point
Federal and state governments regulate businesses and their sales policies in order to *
1 point
Which of the following is a true statement about the importance of sales ethics: *
1 point
Closing the sale is important because it provides the salesperson with an opportunity to *
1 point
A salesperson who says to a customer, "This dress is made of 100% cotton, which makes it  stylish but still cool for summer" is using the __________ approach. *
1 point
Which of the following statements is true about customers who raise objections to products: *
1 point
Which type of sales close is illustrated by the following scenario: Salesperson: "Would you like  your purchase delivered, or would you like to take it with you?" *
1 point
A characteristic of gift certificates is that they *
1 point
It is important for employees who take telephone orders to read the order back to the customer  to *
1 point
Woody purchased the following: a gallon of milk for $2.59, one pound of apples at $1.98 per  pound, a loaf of bread for $1.39, and a roast for $4.95. The store charges a 6.5% sales tax on all  purchases. What was the amount of Woody's total purchase? *
1 point
 Which of the following represents the major functions of management: *
1 point
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