Business Administration (BUSAD) Tests Bundle Set

Social Communications model: how is it different from conventional? Answer its much more interactive and conversational single most important idea you want to convey Answer core message Push and pull strategy: which one do you use if stimulating customer demand Answer pull What does adverti...

S.T.A.R. Answer S: situation T: task (problem to accomplish) A: action (what did you do) R: result (finish story) How to address someone in a cover letter Answer "Dear hiring manager" main points to include in a cover letter Answer return address, date, recipient name, title and address, ...

_________ involves overseeing all of the activities involved in producing goods and services. Answer Operations management Helping employees understand how what they do contributes to overall business goals promotes _________ within the business. Answer Systems thinking Non-linear, multidimens...

The purpose of a cover letter is to... Answer - Demonstrate your writing skills to an employee - Introduce yourself to the employer and entice them to read your resume (T or F) A resume can be as many pages as it takes to include everything in your background Answer False The best examples to...

Branding Answer ________________________ is used to increase product recognition and recall, communicate information, and enhance overall product value. a high percentage of tangible Answer Products that have ________________________ are referred to as goods. shopping product Answer You are bu...

Business Answer Any profit-seeking organization that provides goods and services designed to satisfy customers' needs. Revenue Answer Money a company brings in through the sale of goods and services. Business Model Answer A concise description of how a business intends to generate revenue ...

the 3 types of businesses Answer Goods producing businesses Service businesses Not for profit organizations Companies that create value by making "things," most of which are tangible (capital intensive) Answer Goods producing businesses Companies that create value by performing activities ...

The purpose of a resume is to Answer initiate contact and make a first impression to potential employers, provide potential employers with a summary of past performance and work history How many pages should a resume be for a college-level student or professional with under 10 years of work exper...

The definition of a business is: Answer an organization that seeks to provide goods and services to others while operating at a profit. An important difference between goods and services is that a product such as a car is a(n) ____________ and can be touched, whereas a(n) ____________ such as ins...

____________ is an economic situation in which costs fall steadily throughout the economy. Answer Deflation Which of the following involves a political system's seizure of particular firms or business ventures? Answer Nationalizing A(n) ________ represents a market situation in which a small ...

To calculate_______, the cost of goods sold must be subtracted from sales Answer Gross Profit Which represents legislation intended to enhance the integrity of financial data, including requiring businesses to record and examine their monetary control processes, and forbidding financiers from inf...

Purpose of a Resume Answer • It is your marketing piece • Assists in obtaining an interview • Initiates contact and makes a first impression • Provides a summary • Facilitates the interview Resume Do's Answer • Clear layout • Be concise (1 full page) • Use action verbs •...

Chapter 1 Answer Business Answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs Goal of business Answer to make money or to make a profit difference between a business and nonprofit? "to make a profit" does not apply to a nonprofit...

Non-profit Organizations Answer Do not have a profit motive Goods-producing Business Answer Create value by "making" things, tangible or having physical existence Service Businesses Answer Create value by performing activities that deliver some benefit to the customer Business Model Answe...