1.
An offer must be made by one party and accepted by the other party in order for a contract to be
A. 
B. 
C. 
D. 
2.
When an agent legally acts in the best interests of his/her client, the agent is establishing a(n) _______ relationship.
A. 
B. 
C. 
D. 
3.
Which of the following is one of the rights of customers in the travel and tourism industry:
A. 
To be reminded that foreign travel is often dangerous
B. 
To be asked if they want to buy trip insurance
C. 
To be informed about a destination's social conditions
D. 
To be told about a competitor's refund policy
4.
One way that a manufacturer can foster positive relationships with its channel members is by
A. 
encouraging a competitive culture.
B. 
Providing training programs.
C. 
Selling directly to end users
D. 
Using aggressive tactics.
5.
What should employees be willing to accept when defending their ideas objectively?
A. 
B. 
Additional responsibility
C. 
D. 
6.
Why do businesses often make it possible for employees to meet during work time and participate in group discussions?
A. 
To plan extracurricular activities
B. 
To discuss personal issues
C. 
To share many different opinions
D. 
To have casual conversations
7.
An accounts-receivable employee monitors delinquent accounts by placing them into three folders—30 days past due, 60 days past due, and 90 days past due. How has the employee organized the information?
A. 
B. 
C. 
D. 
8.
Which of the following is a guideline for writing clear instructions for your coworkers:
A. 
Write from your supervisor's perspective.
B. 
Understand the process you are explaining.
C. 
Write complex, lengthy statements
D. 
Confine the instructions to one page.
9.
A transmittal letter is a business letter whose purpose is to
A. 
B. 
Accompany other written material.
C. 
D. 
10.
When writing informational messages, business employees should explain the situation and include sufficient data for the recipient to be able to
A. 
B. 
C. 
D. 
11.
What type of simple report might a buyer for a business prepare in order to periodically inform other departments about the status of scheduled deliveries?
A. 
B. 
C. 
D. 
12.
It is appropriate for a participant to ask questions during a staff meeting when
A. 
Another participant is speaking.
B. 
S/he needs a point clarified
C. 
The agenda is being distributed.
D. 
S/he does not agree with the speaker.
13.
You have a customer-service mindset if you believe that your customers are your
A. 
B. 
C. 
D. 
14.
In order to interpret business policies to customers, salespeople must
A. 
Get permission from management
B. 
Understand the business's policies.
C. 
Feel good about the policies
D. 
Help to set the business's policies.
15.
. A business exhibits ethical behavior in customer relationship management by implementing policies that
A. 
B. 
Require customer feedback.
C. 
D. 
Protect its customers' privacy.
16.
An individual books a hotel reservation on an Internet web site. This is an example of
A. 
B. 
C. 
D. 
17.
Which of the following situations involves finding another source of a limited natural resource:
A. 
Conserving the oil that we use
B. 
Searching for oil on the ocean floor
C. 
. Paying a higher price for oil
D. 
Replacing oil with natural gas
18.
What economic activity examines how money payments are divided between resource owners and producers?
A. 
B. 
C. 
D. 
19.
Which of the following describes the services offered by trade industries:
A. 
B. 
They may be limited or full line.
C. 
They vary from day to day.
D. 
They are always full line.
20.
You pay Burger King for the right to set up a location in Barcelona under the corporate headquarters' guidance and regulation. This is an example of
A. 
B. 
C. 
A wholly owned subsidiary
D. 
21.
Government can prevent unqualified persons from operating a business by
A. 
Refusing to grant them a license.
B. 
Closing their bank accounts.
C. 
D. 
Helping their competitors.
22.
One of the benefits of competition to consumers is that competition encourages
A. 
. businesses to limit their product lines.
B. 
Businesses to develop new products.
C. 
Government to fix prices.
D. 
Government to finance business activity.
23.
Generating revenue to pay for services that are provided to the public is the reason for
A. 
B. 
C. 
D. 
24.
What action expands economic activities?
A. 
Increasing inventory levels
B. 
Decreasing the purchase of durable goods
C. 
. Increasing the unemployment rate
D. 
Decreasing investments in capital goods
25.
To find a career that's best suited for your strengths, it's important to be __________ about your strengths and weaknesses.
A. 
B. 
C. 
D.