This quiz focuses on key financial practices in business, including budgeting and taxation, to help learners understand essential fiscal responsibilities.
File their taxes.
Spend their money.
Calculate their assets.
Depreciate their assets.
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Sales
Excise
Income
Property
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Payment options.
Accurate information.
Credit counseling.
Bank statements.
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Food
Education
Clothing
Shelter
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Desire for illiquid assets
Technological advances
Financial deregulation
Desire for lower costs
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Employee scheduling
Capital budgeting
Vendor selections
Adding/dropping products
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Agent
Interpreter
Analyst
Steward
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Creditor
Investor
Manager
Tax Collector
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Adjust journal entries based on the information provided.
Modify accounts receivable based on the information provided.
Apply the information to calculate the business's equity.
Use the information to make financial decisions.
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The managerial accounting system is useful for planning and internal decision making.
The financial accounting system focuses on segments of the company rather than the company as a whole.
The government requires all businesses to use the managerial accounting system.
The financial accounting system is used by external audiences, so reporting flexibility is an advantage to the business.
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Promotion
Channel management
Pricing
Product/service management
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Producers.
Industrial consumers.
Intermediaries.
Ultimateconsumers.
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Implementing accounting policies.
Setting appropriate prices.
Earning high profits.
Developing product standards.
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Emotions.
Five senses
Desire to save money
Logic
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Provide jobs for more employees.
Add usefulness to products.
Develop new and improved products.
Create desire for products.
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Leads to repeat business
Gives the business a new image
Attracts well-to-do customers
Provides continuing sources of new workers
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Buyers avoid doing business with unethical salespeople.
Sellers must understand how to criticize competitors.
Sales staff must know when they can legally bend the truth.
Sales managers are not responsible for what the sales staff does.
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Customers.
The cooks.
Friends.
Suppliers.
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Promotion.
Product/service management.
Selling.
Marketing-information management.
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Variable.
Case study.
Experiment.
Hypothesis.
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The tax increase forces hotels to increase their room rates on a seasonal basis.
Hotel restaurants and banquet facilities generally increase the prices of their products.
Hotels have more unoccupied rooms because consumers have less discretionary income.
Most hospitality businesses are not affected by changes in taxation rates.
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Providing a website with secure online booking capabilities
Listing a toll-free number to call to book reservations
Paying commissions in the travel agents' currency
Renovating the hotel chain to provide the comforts and conveniences found in the home country
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Honesty
Integrity
Consideration
Empathy
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A corporate conference planner reads a trade publication to obtain information about trends in the event-planning industry.
A car-rental company obtains a research report about travelers' automobile preferences from a professional association's website.
A motel housekeeping employee delivers extra towels to a guest's room and asks the guest if s/he needs anything else.
A hotel sales representative follows up with clients to get feedback about their experiences with the facility's banquet services.
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World climates.
Social sciences.
Historical facts.
Local economies.
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Survey guests.
Compare variables.
Tabulate findings.
Organize products.
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Provide medical advice
Assist with evacuation
Protect private property
Activate alarm system
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College degrees.
Firsthand experience.
Certification.
Online instruction.
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Product mix.
Endorsement.
Promotion.
Marketing mix.
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Advertising.
Public relations
Selling
Sales promotion
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Monitoring
Initiating
Coordinating
Assigning
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Guarantee positive results.
Improve interpersonal relationships.
Influence employees' adaptability.
Maximize resource efficiency.
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Leading
Interviewing
Coordinating
Staffing
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Planning
Directing
Organizing
Recruiting
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Implement an ethics program
Maintain minimal inventory levels
Encourage fraudulent behavior
Offer credit to few customers
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Develop a mission statement
Communicate priorities
Create work subcultures
Collect information
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Organizational goals
Profit margins
Ordering procedures
Product objectives
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Empathy gives coworkers the ability to learn a job quickly.
Coworkers with empathy are better able to understand others.
Coworkers with empathy are not likely to have disagreements.
Empathy helps coworkers to understand legal guidelines.
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Drinking one or two cups of coffee a day
Being irritated when dealing with customers
Concentrating on doing the job correctly
Having occasional conversations with coworkers
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Resigned
Receptive
Resistant
Indifferent
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Quiz Review Timeline (Updated): Mar 14, 2024 +
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