Business Intelligence Professional Certification Test

50 Questions | Total Attempts: 860

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Business Intelligence Quizzes & Trivia

Questions and Answers
  • 1. 
    True/False: A partnership usually issues stock to raise capital. _______
    • A. 

      False

    • B. 

      True

  • 2. 
    The ______________ is a group that is in charge of making business decisions for a corporation.
    • A. 

      Staff

    • B. 

      Board of Directors

    • C. 

      Management

    • D. 

      Proprietors

  • 3. 
    A type of business that moves goods from the manufacturer to the consumer.
    • A. 

      Marketer

    • B. 

      Extractor

    • C. 

      Manufacturer

    • D. 

      Wholesaler

  • 4. 
    Which of the following is an activity performed by businesses?
    • A. 

      Generating ideas

    • B. 

      Raising capital

    • C. 

      Keeping records

    • D. 

      All of the above

  • 5. 
    The parent company of a franchise is known as:
    • A. 

      Franchisee

    • B. 

      Franchisor

    • C. 

      Manufacturer

    • D. 

      All of the above

  • 6. 
    A form of production that makes a product to fit the needs of individual consumers is __________.
    • A. 

      Mass Production

    • B. 

      Bulk Manufacturing

    • C. 

      Custom Manufacturing

    • D. 

      Marketing

  • 7. 
    A business that takes natural resources and converts them into a consumer good is a/an__________.
    • A. 

      Extractor

    • B. 

      Manufacturer

    • C. 

      Marketer

    • D. 

      Wholesaler

  • 8. 
    In this type of business, the owner is responsible for all debts. What type of business is this?
    • A. 

      Corporation

    • B. 

      Sole-Proprietorship

    • C. 

      Partnership

    • D. 

      Cooperative

  • 9. 
    A form of business that can have many owners and issue stock is a __________.
    • A. 

      Corporation

    • B. 

      Sole-proprietorship

    • C. 

      Partnership

    • D. 

      Cooperative

  • 10. 
    _____________ is the taking into public ownership of private businesses.
  • 11. 
    National government raises money through general _________ and ________.
  • 12. 
    _____________________ occurs when an organisation that was previously owned and managed by the state has been sold to the private sector.
  • 13. 
    The ___________ sector consists of those organisations which are owned and controlled by either local or national government.
  • 14. 
    The usual cycle of objectives is ________________.
    • A. 

      What the business is trying to achieve, how it is aiming to get there, what specific actions it can take to help it get there, how it will measure its success/progress, how it will set new targets

    • B. 

      What the business is trying to achieve, how it is aiming to get there, determining whether there is enough money, what the market ratings are and how it will set new targets.

    • C. 

      What the business is trying to achieve, how it is aiming to get there, what specific actions it can take to help it get there, who to employ to do the planning, how much it will all cost.

  • 15. 
    The most effective business objectives meets all five (5) criterion. Indicate which grouping is correct.
    • A. 

      Specific, meaningful, agreed, rational, time specific.

    • B. 

      Special, measurable, agreed, realistic, time specific.

    • C. 

      Specific, measurable, agreed. realistic. time specific.

  • 16. 
    A mission statements tells that the business is ________________.
    • A. 

      Taking a journey to set up business elsewhere

    • B. 

      Clear about it vision and values and enables employees, managers, customers and suppliers to understand the basis for its actions.

    • C. 

      Precise about where it intends to go in the future with its products and services

  • 17. 
    Which of the following best describes the aim of a business?
    • A. 

      It states the values which the buinsess holds.

    • B. 

      It is where the business wants to go in the future.

    • C. 

      It is the practice of hitting the mark.

  • 18. 
    Rules of conduct established by the government to maintain stability and justice are called __________.
    • A. 

      ethics

    • B. 

      golden rules

    • C. 

      amendments

    • D. 

      laws

  • 19. 
    A guarantee that goods are free of financial obligation, or lien, is called a ________________.
    • A. 

      Limited warranty

    • B. 

      Warranty of merchantibility

    • C. 

      Warranty of privity

    • D. 

      Warranty of title

  • 20. 
    Oral statements made before signing a written contract are not admissible as evidence under the ________________.
    • A. 

      doctrine of equitable estoppel

    • B. 

      statute of frauds

    • C. 

      parol evidence rule

    • D. 

      Written Evidence Act

  • 21. 
    In a criminal proceeding, the government is referred to as the ________________.
    • A. 

      Defendant

    • B. 

      Offender

    • C. 

      plaintiff

    • D. 

      protagonist

  • 22. 
    A substitution of one contract for another is ________________.
    • A. 

      substantial performance

    • B. 

      tender of performance

    • C. 

      Satisfactory performance

    • D. 

      accord and satisfaction

  • 23. 
    Standard-form, written contracts prepared by the seller for the buyer to sign are called ________________.
    • A. 

      adjudicatory contracts

    • B. 

      adhesion contracts

    • C. 

      Executory contracts

    • D. 

      cohesive contracts

  • 24. 
    A partnership that is formed simply by the way two or more people conduct their business is called ________________.
    • A. 

      Partnership by estoppel

    • B. 

      partnership by proof of existence

    • C. 

      apparent partnership

    • D. 

      limited partnership

  • 25. 
    A contract that at first appears to bind both parties, but really binds no one is ________________.
    • A. 

      Unconscionable

    • B. 

      illusory

    • C. 

      gratuitous

    • D. 

      promissory estoppel

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