Principles Of Business: Trivia Quiz On Marketing, And Finance!

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| By Estone2011
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Estone2011
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Quizzes Created: 4 | Total Attempts: 3,731
Questions: 20 | Attempts: 1,444

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Principles Of Business Quizzes & Trivia

Questions and Answers
  • 1. 

    An extravert might consider a career as newcaster?

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Extraverts are typically outgoing and social individuals who enjoy being in the spotlight and interacting with others. A career as a newscaster involves being in front of a camera, reporting news stories, and engaging with a large audience. This type of career would likely appeal to an extravert as it allows them to showcase their communication skills and thrive in a public setting. Therefore, it is reasonable to suggest that an extravert might consider a career as a newscaster.

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  • 2. 

    Features are the characteristics of a product or service.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Features are indeed the characteristics of a product or service. They are the specific attributes or qualities that distinguish a product or service from others in the market. Features can include physical aspects, functionality, performance, design, and other unique qualities that make the product or service stand out. Therefore, the statement "Features are the characteristics of a product or service" is true.

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  • 3. 

    Values can be terminal, meaning they are an end in themselves.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Values can be terminal, meaning they are an end in themselves. This means that certain values are pursued for their own sake, rather than as a means to achieve something else. Terminal values are the ultimate goals or ideals that individuals strive for, such as happiness, love, or personal fulfillment. They represent the desired end states that provide intrinsic motivation and guide behavior. Therefore, the statement "Values can be terminal, meaning they are an end in themselves" is true.

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  • 4. 

    Actionable goals are goals that can be measured?

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Actionable goals are goals that can be measured, meaning they are specific, concrete, and have clear criteria for success. However, the given answer is False, suggesting that actionable goals are not necessarily measurable. This implies that while measurable goals can be actionable, not all actionable goals have to be measurable.

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  • 5. 

    Self-awareness can help you in many areas of your life.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Self-awareness is the ability to recognize and understand one's own thoughts, emotions, and behaviors. By being self-aware, individuals can gain insight into their strengths, weaknesses, and values, which can be beneficial in various aspects of life. It allows individuals to make more informed decisions, improve their communication and relationships, and better manage their emotions and stress. Overall, self-awareness can contribute to personal growth, self-improvement, and overall well-being.

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  • 6. 

    ABC goals are

    • A.

      Actionable, Bounded, and Compelling

    • B.

      Acting, Bonded, and Compelling

    • C.

      Actionable, Bounded, and Convincing

    Correct Answer
    A. Actionable, Bounded, and Compelling
    Explanation
    The correct answer is "Actionable, Bounded, and Compelling." This means that ABC goals should be practical and achievable (Actionable), clearly defined and specific (Bounded), and motivating and inspiring (Compelling). These three qualities are important for setting effective goals that can be successfully pursued and accomplished.

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  • 7. 

    Foundation skills include

    • A.

      Writing skills, Thinking skills, and Math skills

    • B.

      Basic Skills, Thinking Skills, and Personal Qualities

    • C.

      Individual Responsibility, Self-Esteem, and Reading

    Correct Answer
    B. Basic Skills, Thinking Skills, and Personal Qualities
    Explanation
    Foundation skills are the fundamental abilities and qualities that form the basis for further learning and development. Basic skills, such as reading, writing, and math, are essential for communication and problem-solving. Thinking skills involve critical thinking, creativity, and problem-solving abilities, which are crucial for analyzing information and making informed decisions. Personal qualities, such as individual responsibility and self-esteem, are important for personal growth, motivation, and success in various aspects of life. Therefore, the answer choice "Basic Skills, Thinking Skills, and Personal Qualities" accurately represents the different components of foundation skills.

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  • 8. 

    Goals differ from wishes because

    • A.

      Goals can be hoped for and wishes are worked hard for.

    • B.

      Goals are desired that can be acted upon.

    • C.

      Wishes are desires that can be acted upon.

    Correct Answer
    B. Goals are desired that can be acted upon.
    Explanation
    This answer explains that goals are desired outcomes that can be actively pursued and acted upon, while wishes are also desires but may not necessarily involve active effort or action. Goals imply a sense of intention and purpose, whereas wishes may be more passive or reliant on chance.

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  • 9. 

    Intuition-sensing is not a personality type.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    The statement implies that intuition-sensing is not a personality type, suggesting that it does exist as a personality type. Therefore, the correct answer is False.

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  • 10. 

    Two important steps for individuals self-awareness are...

    • A.

      Terminal and Instrumental Values

    • B.

      Personality Traits and Identifying interests

    • C.

      Job-related Skills and Skills Assessment

    Correct Answer
    B. Personality Traits and Identifying interests
    Explanation
    Personality traits and identifying interests are important steps for individuals to develop self-awareness. Personality traits encompass the unique characteristics and behaviors that define an individual's personality, such as introversion or extroversion, openness, conscientiousness, and emotional stability. Identifying interests involves recognizing and understanding one's passions, hobbies, and areas of curiosity. By exploring their personality traits and interests, individuals can gain a deeper understanding of themselves, their strengths, and their motivations, which can guide their personal and professional development.

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  • 11. 

    Which one of these steps does not help you to set goals?

    • A.

      Do not consider possible roadblocks

    • B.

      Determine your ABC goals

    • C.

      Do it

    Correct Answer
    A. Do not consider possible roadblocks
    Explanation
    Considering possible roadblocks is an important step in setting goals because it helps to identify potential obstacles and challenges that may arise along the way. By acknowledging and addressing these roadblocks in advance, one can develop strategies to overcome them and increase the chances of achieving the set goals. Therefore, not considering possible roadblocks would hinder the goal-setting process and make it more difficult to achieve desired outcomes.

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  • 12. 

    Job-Related Skills are

    • A.

      Skills that are effective workers possess and most employers desire

    • B.

      Accomplishments

    • C.

      Skills that are specific to a position, occupation, or industry

    Correct Answer
    C. Skills that are specific to a position, occupation, or industry
    Explanation
    The correct answer is "Skills that are specific to a position, occupation, or industry." This means that job-related skills are the specific skills that are required for a particular job or industry. These skills are not generic but rather tailored to the specific tasks and responsibilities of the position. Employers value these skills as they directly contribute to the effectiveness and success of workers in their respective roles.

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  • 13. 

    Workplace competencies include

    • A.

      Features, benefits, and ABC goals

    • B.

      Information, Interpersonal skills, and technology

    • C.

      Basic skills, job-related skills, and skills assessment

    Correct Answer
    A. Features, benefits, and ABC goals
    Explanation
    Workplace competencies refer to the skills and abilities that an individual possesses to effectively perform their job. Features, benefits, and ABC goals are all examples of workplace competencies. Features refer to the distinctive characteristics or qualities of a product or service, benefits are the advantages or positive outcomes that result from using a product or service, and ABC goals represent the specific targets or objectives that an individual or organization aims to achieve. These competencies are important in the workplace as they contribute to the overall success and productivity of an individual or organization.

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  • 14. 

    Which one is not a step in helping you self-improve?

    • A.

      Recognize and define the characteristics to be changed

    • B.

      Establis a strategy for this change

    • C.

      Determine your ABC goals

    Correct Answer
    C. Determine your ABC goals
  • 15. 

    Define accomplishment 

    • A.

      Something that has been told to you by another student.

    • B.

      Something that has been successfully completed.

    • C.

      Something to eat.

    Correct Answer
    B. Something that has been successfully completed.
    Explanation
    The correct answer is "Something that has been successfully completed." This is because an accomplishment refers to a task or goal that has been achieved or completed successfully. It is not related to something that has been told by another student or something to eat.

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  • 16. 

    Define Benefit Selling  

    • A.

      When a marketer promotes products considering the needs and wants of a relative.

    • B.

      When a marketer promotes products considering the needs and wants of a friend.

    • C.

      When a marketer promotes products considering the needs and wants of customer.

    Correct Answer
    C. When a marketer promotes products considering the needs and wants of customer.
    Explanation
    Benefit selling refers to a marketing strategy where a marketer promotes products by focusing on the needs and wants of the customer. This approach involves understanding the customer's preferences, desires, and problems, and then highlighting the benefits of the product that can address those needs and wants. By doing so, the marketer aims to create value for the customer and convince them that the product will provide them with the desired benefits and solve their problems. This customer-centric approach is essential for effective marketing and building long-term relationships with customers.

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  • 17. 

      Define Extravert  

    • A.

      Someone who enjoys being in large groups.

    • B.

      Someone who enjoys being in the family.

    • C.

      Someone who enjoys being .

    Correct Answer
    A. Someone who enjoys being in large groups.
    Explanation
    An extravert is someone who enjoys being in large groups. This means that they thrive in social situations and gain energy from being around other people. They are typically outgoing, talkative, and enjoy engaging with others. Being in large groups provides them with stimulation and opportunities to interact, which they find enjoyable and energizing.

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  • 18. 

    Define Features  

    • A.

      Characteristics of a product

    • B.

      Characteristics of social setting

    • C.

      Characteristics of personality traits

    Correct Answer
    A. Characteristics of a product
    Explanation
    This answer is correct because when we define features, we are referring to the characteristics or qualities of a product. Features describe the specific attributes, functionalities, or capabilities that a product possesses. They help to differentiate the product from others in the market and provide value to the customers.

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  • 19. 

    Someone who is energized by themselves 

    • A.

      Introvert

    • B.

      Thinker

    • C.

      Judger

    Correct Answer
    A. Introvert
    Explanation
    The correct answer is "Introvert". An introvert is someone who tends to be energized by spending time alone and may find social interactions draining. They often prefer quiet and solitude to recharge their energy. This is in contrast to extroverts who gain energy from being around others and thrive in social situations. Therefore, someone who is energized by themselves is likely to be an introvert.

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  • 20. 

    Define Skill  

    • A.

      Bringing all your supplies and abilities to class on Monday's of every week.

    • B.

      Proficiency or ability

    • C.

      Not your proficiency or abilities

    Correct Answer
    C. Not your proficiency or abilities
    Explanation
    The given correct answer states that the definition of skill is "not your proficiency or abilities." This suggests that skill refers to something other than one's personal proficiency or abilities. It implies that skill encompasses more than just individual talents or capabilities, and may involve factors such as resources, preparation, or external factors that contribute to the successful execution of a task or activity.

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