Accounting And Marketing Quiz Questions! Trivia Test

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Questions: 14 | Attempts: 196

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Accounting And Marketing Quiz Questions! Trivia Test - Quiz

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Questions and Answers
  • 1. 

    Which of the following is NOT one of the four Ps (4Ps). 

    • A.

      Price

    • B.

      Promotion

    • C.

      Place

    • D.

      Profit

    Correct Answer
    D. Profit
    Explanation
    Chapter 15: Marketing

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  • 2. 

    A ____________ is a marketing research method where a group of people is gathered and asked questions regarding a product.

    Correct Answer
    Focus Group
    Explanation
    Chapter 15: Marketing

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  • 3. 

    You can segment your market based on the geographical area but not on demographic factors. 

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
    Explanation
    Chapter 15: Marketing

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  • 4. 

    Which of the following is not a factor influencing consumer behaviour. 

    • A.

      Psychological influences

    • B.

      Time influences

    • C.

      Cultural influences

    • D.

      Social Influences

    Correct Answer
    A. Psychological influences
    Explanation
    Chapter 15: Marketing

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  • 5. 

    Which of the following is a financial statement that is based on the accounting equation Assets = Liabilities + Owner's Equity? 

    • A.

      Balance Sheet

    • B.

      Income Statement

    • C.

      Budget

    • D.

      Cash Flow Statement

    Correct Answer
    A. Balance Sheet
    Explanation
    Chapter 13: Accounting

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  • 6. 

    A high inventory ratio means you have an efficient operation. 

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Chapter 13: Accounting

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  • 7. 

    GAAP stands for: 

    • A.

      Government Accounting Assets Principles

    • B.

      Government Accepted Accounting Principles

    • C.

      Generally Accepted Accounting Principles

    • D.

      Generally Agreed Accounting Principles

    Correct Answer
    C. Generally Accepted Accounting Principles
    Explanation
    Chapter 13: Accounting

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  • 8. 

    A ___________ is a private company wide network to share information and get information. 

    Correct Answer
    Intranet
    Explanation
    Information Systems and Technology

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  • 9. 

    A ________ is information that hasn't been analized yet

    Correct Answer
    Data
    Explanation
    Communication Technology

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  • 10. 

    _____ are the activities necessary to get quality goods and services not the marketplace. 

    Correct Answer
    TQM
    Explanation
    Chapter 12: Productivity and quality

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  • 11. 

    Which of the following are quality-assurance tools?

    • A.

      Value-added analysis

    • B.

      Benchmarking

    • C.

      Statistical process control

    • D.

      All are quality assurance tools

    Correct Answer
    D. All are quality assurance tools
    Explanation
    Chapter 12: Productivity

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  • 12. 

    ________________ is an international third party certification for quality management standards

    Correct Answer
    ISO 9000
    Explanation
    Chapter 12: Productivity

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  • 13. 

    A ____________ is a group of companies and stream of activities involved in getting the product from raw materials to the end consumer

    • A.

      Chain strategy

    • B.

      Supply Chain

    • C.

      Re-engeneering

    • D.

      Six Sigma

    Correct Answer
    B. Supply Chain
    Explanation
    Chapter 12: Productivity

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  • Current Version
  • Mar 20, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Nov 13, 2014
    Quiz Created by
    Canja42
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