NOCTI EXAM
If GDP growth slows for at least ____ quarter(s) in a calendar year, the economy is probably in a recession
2
In the early 1800s the average employee in the United States worked about how many hours per week
60
Wholly owned subsidiary
A firm sets up a business abroad without any partners
Multinational firm
A firm that owns or controls production or services in more than one country
Which of these items would be counted when measuring GDP
A fully assembled washing machine
Limited partnership
A partnership with formation with a least one general partner who has limited liability and at least one limited partner whose liability is limited to his or her investment
Which of the following is an example of a capital project.
A small business purchases two new pickup trucks
John is managing a team, he should tell the team members that
A teams success depends on each person doing his or her part
Which of the following would probably result in a DECREASE in worker productivity
An office replaced its 10 year old computers with brand new machine and the latest software but no training.
Which of the following sentences is grammatically correct
Ann Missed the meeting because she was lying in bed with the flu.
If wages increase faster than gains in productivity, prices will rise, why?
Because the cost of producing goods increases
Chief executive officer
CEO
Chief financial officer
CFO
Chief information officer
CIO
Chief operation offocer
COO
Chief sales officer
CSO
A ______ fire extinguisher should be used on a computer fire
Class C
Ergonomics is the study of implementing safety and ___ in the computers users workplace
Comfort
Two types of business partnerships are cooperative and
Contractual
Company ABC sends an anniversary card to every client on the date they started working with the company. To maintain and electronic record they should use w
Data base
James wants to send a personalized letter to each of his sales clients. To do this, James should use?
Design templates
Consumer goods
Designed for home or personal use
Industrial goods
Designed for use by another company
Fair labor standards act
FLSA, regulates wages paid and hours worked
Unemployment insurance
FUTA AND SUTA
During periods of deflation, prices drop so demand increases greatly
False
In the United States, all people above the age of 21 who do not have a full time, paying job are considered unemployed
False
One component of gross domestic product is the value of a country's exports plus the value of imports into a country
False
Stanley receives a monthly social security check from the US government. This would not be counted when measuring Stanley's personal income
False
The money for capital projects comes from three main sources: investments, bonds and personal savings.
False
A _______ such as .docx, indicated the file type.
File Extension
What's a balance sheet
Financial relationship
Strategic alliances
Firms agree to cooperate on certain aspects of business while remaining competitors on their aspects
A business letter in which all the lines begin flush with the left margin is in ______ style.
Full Block
Dividing GPD by the total population of a country results in that country's
GDP per capita
The main purpose of an effective performance evaluation is to
Help workers develop their strengths and work on their weaknesses
The main purpose of an effective performance evaluation is to
Help workers develop their strengths and work on their weaknesses.
Which of the following is not a characteristic of a depression
High demand for goods and services
Shopping goods
High priced and require thought
Convenience goods
Inexpensive and purchased regularly
A ______ is a network of computers within a business or organization.
Internet Service Provider
IC3- Module 1- , what is an ISP?
Internet Service Provider
Uniform unlimited partnership act
Is a certificate of limited partnerships must be filed in your state
The money people deposit in banks and other financial institutions
Is lent to businesses to fund capital projects
Inflation
Is the most harmful to people living on fixed incomes
All of the following people are part of the labor force except
Lindsay, a stay at home mom with 2 kids.
What roles do managers do?
Managers plan, organize, implement, and control the resources, the people, money, equipment, materials and facilities.
The space between the edge of the paper and the place where text starts is called the
Margins
Unsought goods
No strong need for, (impulse buy)
An example of non verbal communication is
Nodding
The government organization whose purpose is to set and enforce the work site safety and health standards is
OSHA
GDP measures a country's economic output during
One year
An example of active listening skills is
Paraphrasing what has been said
A good way to develop additional business related career skills is to
Participate in available education classes
The interest rate banks charge their best business customers is the
Prime rate
What is it called when an employee makes a list of tasks, determines due dates and ranks tasks by importance
Prioritizing
What are the four p's
Product, promotion, pricing and place
_____ occurs at the peak of the business cycle
Prosperity
The best way to motivate workers to do a good job is
Providing positive feedback to reinforce what they do correctly
A mission statement describes an organizations
Purpose or goal
To be a good team leader, it is important to
Recognize the strengths of others
Specialty goods
Searched until found
If you purchase a corporate or government bond, you are a
Stockholder
___ are used to apply a collection of formatting settings to characters or paragraphs.
Styles
When a company sends a packet of information and forms prior to the interview, be sure to
Take the entire packet with you to the interview
Robert is a new employee and has joined a work team for the company. What is the best way the other team members can help Robert to participate meaningfully in the team discussion
Tell Robert the ground rules the team has created to guide the meetings and explain what the group has done in recent meetings
The business cycle refers to
The repeated movement from good economic times to bad and back.
A recession often affects some groups of workers in related businesses. The drop in related businesses is called
The ripple effect
The major influence on the level of interest rates is
The supply and demand for money
GDP does not include
The value of the work you do for yourself
If a business conducts a SWOT analysis to decide whether or not to expand, which of the following would be categorized as an O.
There is the potential for increased profits.
What do you need to be a effective manager?
To be a effective manager they need to, Demonstrate commitment to success of organizations Take responsibility for developing and implementing Plans to achieve goals Identify resources Organize, coordinate work to get effective operations Recognize the importance of employees Monitor activities and results
Caps lock is a key that allows you to _____ (or switch back and forth) between uppercase and lowercase letters.
Toggle
An ability to produce more goods and services in less time makes it possible to reduce the number of hours in a workweek
True
Business cycles are the recurring ups and downs of gross domestic product
True
Economic growth refers to a steady increase in the production of goods and services in an economic system
True
Mikayla is a 14-year old student. She would not be considered part of the labor force in the United States
True
The more goods and services produced, the healthier an economy is considered to be
True
Joint ventures
Two or more firms share the costs of doing business and also share profits
Suppose wages are going up faster than prices. What is the most likely effect
Unemployment will worsen because businesses will tend to hire few more workers
Retail sales
Usually remain stable, indicate general consumer spending patterns in the economy, and include the sales of services bought by businesses.
Ms. Jamison applies for a job at ABC company and indicate that she has completed a college degree. Discovering that she attended college but she did not complete the degree, the company has concerns about her
integrity
The term for research to determine factors, conditions, and characteristics of a market is
market analysis
A CEO urges employees to buy stock in the company and then sells his or her personal stock because of a coming change that will likely drop the stock prices
unethical behaivor