Practice exam questions Flashcards
Revise and learn the questions I got wrong on the practice exams (70 cards)
Cultural imperialism
The imposition by one usually politically or economically dominant community of various aspects of its own culture onto another nondominant community
Human resources
The people who work for an organization and the collective skills, knowledge, abilities, and potential they bring to it
'’Tuition reimbursement is a way to combat the problem of limited human resource”’
A determining factor in what consumers buy and what producers make is
Money
Capital goods
Physical assets a company uses to produce goods and services for consumers for example, buildings, machinery, and equipments etc.
The best way for people to obtain information about a variety of career fields and options is by
accessing online employment services
Statement balance
The amount owed at the end of your billing cycle, which is the period between the last billing date and the current billing date
Matt is balancing his checkbook for the first time. He compares the checks he has written over the last month with those listed on his statement and finds that all of his checks have cleared. Next, he verifies that his latest paycheck, which he deposited the previous day, is on the list. It is not, so he adds it to his statement balance. After this, he should
Subtract fees and charges
What should a business employee do immediately after taking a telephone message for a coworker?
Thank the caller
Which of the following adds meaning to the words a speaker uses:
Tone of voice
Anna’s boss frequently demanded that she work late, even though she would not be paid for her overtime hours. Because of this, Anna lost respect for her boss and decided to look for a new job. This example demonstrates
how fairness is important to professional relationships
Taking responsibility for your team’s success or failure in achieving the vision is part of a team leader
being an example
It’s important to look at ethical dilemmas as
opportunities
A business purchases insurance to protect against the risk of burglary. This is an example of __________ the risk.
transferring
Transferring risk
A risk management technique in which risk is transferred to a third party
Assertive people are direct and upfront rather than being
manipulative.
Financial risk
The possibility of losing money on an investment or a business venture or any other situation
Paradigm
A standard, example, pattern
Which of the following information should be shared immediately with all staff:
A customer has complained about the service s/he received.
Integrated software application packages
Software that combines several applications in one program, typically providing at least word processing, spreadsheet and database management
Beneficiary
A person who receives money from a trust, will, or life insurance
Probate
The process of the courts formally accepting a will, or, if the deceased did not have a will, appointing someone to act on their behalf
Living trust
A legal arrangement used in estate planning and set up by someone during their lifetime
Power of attorney
A legal document that gives a person to make legal and financial decisions on your behalf
Strategic planning
A process in which an organization’s leaders define their vision for the future and identify their organization’s goals and objectives
