AS Associate Of Science In Business Administration 5

Question 1

Which ratio measures a company's ability to pay short-term obligations using only its most liquid assets?

Accepted Answer

Quick ratio

Answer

The quick ratio (acid-test ratio) measures liquidity by comparing cash, marketable securities, and receivables to current liabilities, excluding inventory.

Question 2

In project management, a 'Gantt chart' is primarily used to:

Accepted Answer

Display project tasks and their timelines visually

Answer

A Gantt chart is a bar chart that shows project tasks, their durations, and scheduling across a timeline.

Question 3

Which term describes the process of a company buying back its own shares from the open market?

Accepted Answer

Share repurchase (buyback)

Answer

A share repurchase occurs when a company buys its own outstanding shares, reducing the number of shares in circulation.

Question 4

In marketing research, a 'focus group' is an example of:

Accepted Answer

Qualitative primary research

Answer

Focus groups are a qualitative primary research method where small groups discuss topics to provide in-depth insights.

Question 5

What does the term 'economies of scale' mean in business?

Accepted Answer

Per-unit costs decrease as production volume increases

Answer

Economies of scale occur when increasing production volume leads to lower average costs per unit due to spreading fixed costs.

AS - Associate In Science Degrees Practice Test

AS - Associate In Science Degrees Practice Test

AS Associate Of Science In Business Administration 5