Quiz: Area Marketing Finance Exam Questions!

50 Questions | Total Attempts: 104

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Quiz: Area Marketing Finance Exam Questions!

Are you ready for the area marketing finance exam? Would you like to put your knowledge to the test? Marketing refers to achievements that a company pursues to promote or sell a product, service, or goods. It is one of the primary variables of business management and commerce. If you are interested in passing the area marketing finance exam, look no further than this quiz.


Questions and Answers
  • 1. 
    The federal courts are part of the
    • A. 

      Executive branch.

    • B. 

      Judicial system.

    • C. 

      Legislative body.

    • D. 

      Advisory cabinet.

  • 2. 
    Business A's failure to keep an agreement to supply Business B with a certain good or service is an example of a situation that is covered by __________ law.
    • A. 

      Property

    • B. 

      Antitrust

    • C. 

      Trade

    • D. 

      Contract

  • 3. 
    Last week, a man who frequents Alice's health club and goes to the same church approached her and struck up a conversation. After a bit of small talk, the man said that he would love to help Alice earn some money on the stock market. "You can trust me," the man said. "We go to the same church and the same gym. In fact, our minister and the manager of the gym just gave me a ton of money to invest for them!" The man is attempting to commit __________ fraud.
    • A. 

      Group affinity

    • B. 

      Natural resource investing

    • C. 

      Private placement offering

    • D. 

      Life settlement

  • 4. 
    When individuals purchase items such as high-performance sport cars, rare collectibles, and jewelry containing large, precious gemstones, they must often pay ___________ taxes.
    • A. 

      Gift

    • B. 

      Luxury

    • C. 

      Estate

    • D. 

      Property

  • 5. 
    A barrier to businesses' pursuing governance, risk management, and compliance in the finance industry is
    • A. 

      The trust placed in company officials.

    • B. 

      A business's ability to stay within its risk tolerance.

    • C. 

      The desire to eliminate re-work of financial statements.

    • D. 

      Individuals' defense of their departmental specialties.

  • 6. 
    While reviewing a business's general ledger, a virtual auditor identified two identical journal entries within the same accounting period. What reasoning technique did the virtual auditor use?
    • A. 

      Contextual

    • B. 

      Symbolic

    • C. 

      Comparative

    • D. 

      Cross-source

  • 7. 
    One way for an audience to show that it supports a speaker's opinion is by ____________ the speaker.
    • A. 

      Applauding

    • B. 

      Heckling

    • C. 

      Ignoring

    • D. 

      Tolerating

  • 8. 
    Jan's supervisor is giving her verbal instructions for a task to be completed. Jan takes notes and asks her supervisor to elaborate on a key point. Jan is practicing
    • A. 

      Effective listening.

    • B. 

      Written communication.

    • C. 

      Distracted listening.

    • D. 

      Nonverbal communication.

  • 9. 
    Which of the following is not one of the three main reasons for active listening:
    • A. 

      Providing instructions

    • B. 

      Gathering information

    • C. 

      Giving honest responses

    • D. 

      Connecting with people

  • 10. 
    Shawn is preparing for an interview with a local company. He knows that he should ask relevant questions about the job at the end of the interview. Which of the following will help him prepare these questions:
    • A. 

      Finding background information about the interviewer's high school and asking him/her about that to form a personal relationship

    • B. 

      Relying on the interviewer to generate the questions

    • C. 

      Asking his friends what questions they think he should ask

    • D. 

      Conducting research about the company prior to the interview

  • 11. 
    Which of the following is the primary reason that employees who answer a business's telephone should try to connect each call correctly:
    • A. 

      To keep from putting callers on hold

    • B. 

      To give good customer service

    • C. 

      To handle the minimum number of calls

    • D. 

      To demonstrate their telephone skills

  • 12. 
    When you state a fact, it's important to
    • A. 

      Generalize.

    • B. 

      Think before you speak.

    • C. 

      Be accurate.

    • D. 

      Change your mind.

  • 13. 
    A primary use of flow charts in business documents or presentations is to
    • A. 

      Compare and contrast data.

    • B. 

      Identify trends.

    • C. 

      Explain relationships.

    • D. 

      Summarize numerical data.

  • 14. 
    Which of the following is likely to be the result when coworkers do not communicate well with each other:
    • A. 

      Shared job responsibilities

    • B. 

      Human relations problems

    • C. 

      Efficient work area

    • D. 

      Increased job understanding

  • 15. 
    What trait is being demonstrated when employees treat customers with respect and without prejudice?
    • A. 

      Empathy

    • B. 

      Integrity

    • C. 

      Honesty

    • D. 

      Consideration

  • 16. 
    What should help businesspeople adapt their communication styles to appeal to clients from other cultures?
    • A. 

      Being patient, flexible, and empathetic

    • B. 

      Being confident, biased, and manipulative

    • C. 

      Being sensitive, transparent, and demanding

    • D. 

      Being respectful, indifferent, and honest

  • 17. 
    Customer relationship management increases sales and profits by increasing
    • A. 

      Product quality.

    • B. 

      Prices.

    • C. 

      Customer loyalty.

    • D. 

      Competition.

  • 18. 
    What is the primary responsibility of a financial planner?
    • A. 

      To double a client's investment

    • B. 

      To provide appropriate financial guidance

    • C. 

      To ensure that his/her clients can retire

    • D. 

      To maximize her/his clients' tax obligation

  • 19. 
    Customer Relationship Management (CRM) processes should support the basic steps of the __________ cycle.
    • A. 

      Accounting

    • B. 

      Customer life

    • C. 

      Customer complaint

    • D. 

      Business

  • 20. 
    Which of the following would normally be considered a scarce natural resource in the U.S.:
    • A. 

      Water

    • B. 

      Land

    • C. 

      Air

    • D. 

      Money

  • 21. 
    What type of utility is created when a business allows consumers to make purchases on credit?
    • A. 

      Time

    • B. 

      Possession

    • C. 

      Form

    • D. 

      Place

  • 22. 
    Determining what consumers want in order to promote and sell those goods and services is a function of the business activity of
    • A. 

      Risk management.

    • B. 

      Quality management.

    • C. 

      Production.

    • D. 

      Marketing.

  • 23. 
    A banking institution is well-suited for a divisional organizational structure broken down by
    • A. 

      Job function.

    • B. 

      Customer type.

    • C. 

      Product.

    • D. 

      Process.

  • 24. 
    Property and income are not distributed equally in a private enterprise system because skilled workers usually
    • A. 

      Belong to a union.

    • B. 

      Receive higher salaries.

    • C. 

      Work longer hours.

    • D. 

      Pay higher taxes.

  • 25. 
    Two local businesses in the same industry are working hard to attract as many customers as possible. What these businesses are engaged in is
    • A. 

      Production.

    • B. 

      Monopolistic practices.

    • C. 

      Unethical behavior.

    • D. 

      Competition.

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