NOCTI Business Exam Questions With Correct
Answers
1. If a business conducts a SWOT analysis to decide whether or not to expand,
| | | | | | | | | | | | | | |
which of the following would be categorized as an "O"? - CORRECT ANSWER✔✔-
| | | | | | | | | | | |
there is potential for increased profits
| | | | |
2. The North American Free Trade Agreement (NAFTA) created a free-trade area
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for - CORRECT ANSWER✔✔-Mexico, the US, and Canada
| | | | | | |
3. Two types of business partnerships are general and - CORRECT ANSWER✔✔-
| | | | | | | | | | |
Limited
4. The planning, pricing, promoting, and distribution of goods and services is
| | | | | | | | | | | |
known as - CORRECT ANSWER✔✔-marketing
| | | |
5. The main purpose of an effective performance evaluation is to - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-help workers develop their strengths and work on their weaknesses
| | | | | | | | |
6. A mission statement describes an organization's - CORRECT ANSWER✔✔-
| | | | | | | | |
purpose or goal | |
7. The best way to motivate workers to do a good job is - CORRECT ANSWER✔✔-
| | | | | | | | | | | | | | |
providing positive feedback to reinforce what they do correctly
| | | | | | | |
, 8. The term for research to determine factors, conditions, and characteristics of a
| | | | | | | | | | | | |
market is - CORRECT ANSWER✔✔-market analysis
| | | | |
9. One difference between strategic and tactical planning is that strategic
| | | | | | | | | | |
planning tends to be - CORRECT ANSWER✔✔-longer term and more broadly
| | | | | | | | | | |
defined
10. Motivational praise from an employer should be specific and - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-work related |
11. To gain employee acceptance of new changes in an organization, the owner
| | | | | | | | | | | | |
should provide adequate training and - CORRECT ANSWER✔✔-provide advance
| | | | | | | | |
notice of the new changes
| | | |
12. Which of the following sentences is grammatically correct? - CORRECT
| | | | | | | | | | |
ANSWER✔✔-Ann missed the meeting because she was lying in bed with the flu. | | | | | | | | | | | |
13. If a worker's gross pay is $750.00 and 1.25 percent of the worker's earnings
| | | | | | | | | | | | | | |
are withheld for Medicare tax, what dollar amount of Medicare tax is being
| | | | | | | | | | | | |
withheld? - CORRECT ANSWER✔✔-$750 x 0.0125 = $9.38
| | | | | | |
14. According to the law of supply and demand, when high winds in Hawaii
| | | | | | | | | | | | | |
damage the coffee plants, coffee will be - CORRECT ANSWER✔✔-in short supply,
| | | | | | | | | | | |
therefore higher in price | | |
Answers
1. If a business conducts a SWOT analysis to decide whether or not to expand,
| | | | | | | | | | | | | | |
which of the following would be categorized as an "O"? - CORRECT ANSWER✔✔-
| | | | | | | | | | | |
there is potential for increased profits
| | | | |
2. The North American Free Trade Agreement (NAFTA) created a free-trade area
| | | | | | | | | | | |
for - CORRECT ANSWER✔✔-Mexico, the US, and Canada
| | | | | | |
3. Two types of business partnerships are general and - CORRECT ANSWER✔✔-
| | | | | | | | | | |
Limited
4. The planning, pricing, promoting, and distribution of goods and services is
| | | | | | | | | | | |
known as - CORRECT ANSWER✔✔-marketing
| | | |
5. The main purpose of an effective performance evaluation is to - CORRECT
| | | | | | | | | | | | |
ANSWER✔✔-help workers develop their strengths and work on their weaknesses
| | | | | | | | |
6. A mission statement describes an organization's - CORRECT ANSWER✔✔-
| | | | | | | | |
purpose or goal | |
7. The best way to motivate workers to do a good job is - CORRECT ANSWER✔✔-
| | | | | | | | | | | | | | |
providing positive feedback to reinforce what they do correctly
| | | | | | | |
, 8. The term for research to determine factors, conditions, and characteristics of a
| | | | | | | | | | | | |
market is - CORRECT ANSWER✔✔-market analysis
| | | | |
9. One difference between strategic and tactical planning is that strategic
| | | | | | | | | | |
planning tends to be - CORRECT ANSWER✔✔-longer term and more broadly
| | | | | | | | | | |
defined
10. Motivational praise from an employer should be specific and - CORRECT
| | | | | | | | | | | |
ANSWER✔✔-work related |
11. To gain employee acceptance of new changes in an organization, the owner
| | | | | | | | | | | | |
should provide adequate training and - CORRECT ANSWER✔✔-provide advance
| | | | | | | | |
notice of the new changes
| | | |
12. Which of the following sentences is grammatically correct? - CORRECT
| | | | | | | | | | |
ANSWER✔✔-Ann missed the meeting because she was lying in bed with the flu. | | | | | | | | | | | |
13. If a worker's gross pay is $750.00 and 1.25 percent of the worker's earnings
| | | | | | | | | | | | | | |
are withheld for Medicare tax, what dollar amount of Medicare tax is being
| | | | | | | | | | | | |
withheld? - CORRECT ANSWER✔✔-$750 x 0.0125 = $9.38
| | | | | | |
14. According to the law of supply and demand, when high winds in Hawaii
| | | | | | | | | | | | | |
damage the coffee plants, coffee will be - CORRECT ANSWER✔✔-in short supply,
| | | | | | | | | | | |
therefore higher in price | | |
