FREE ILTS Business, Marketing, and Computer Education Questions and Answers

Question 1

When foreign currencies are able to purchase more US dollars, which of the following normally happens?

Accepted Answer

US exports increase

Answer

Foreign exports decrease

Answer

US exports decrease

Answer

Foreign exports increase

Question 2

Which area of business activity is described as involving the investigation, identification, and satisfaction of consumer needs and wants?

Accepted Answer

Marketing

Answer

Sales management

Answer

Organizational behavior

Answer

Communication

Question 3

All but one of the following approaches are links used on the Internet.

Accepted Answer

They allow computer users to open software programs on their PC

Answer

They are used for marketing purposes, to entice Internet users to navigate away from one website to view another one

Answer

They allow Internet users to open additional windows that explain a webpage’s content or provide technical assistance

Answer

They direct Internet users to other websites that have additional relevant information

Question 4

Which of the following options DOES NOT describe a single proprietorship as a company structure?

Accepted Answer

Establishing a sole proprietorship is costly and complex.

Answer

The owner is personally liable for all business obligations.

Answer

The owner has flexibility with how the business is operated.

Answer

It is the most common form of business ownership.

Question 5

A boss compliments a floor worker on her dedication to her job and remarks on her strong leadership abilities. Because she recognizes his potential, the manager advises that the employee enroll in a manager-trainee course. What motivational theory contends that giving employees opportunities to advance their careers in accordance with their aptitudes and capabilities will make them more successful?

Accepted Answer

Maslow’s hierarchy of needs

Answer

Piaget’s cognitive stages

Answer

Locke’s goal-setting theory

Answer

McClelland’s achievement motivation theory

Question 6

If a nation exports more than it imports, then:

Accepted Answer

The value of the goods that it exports exceeds the value of the goods that it imports

Answer

It has high tariffs

Answer

It exports consumer products

Answer

The value of the goods that it imports exceeds the value of the goods that it exports

Question 7

What clause in a contract promises something valuable in return for another valuable?

Accepted Answer

Consideration

Answer

Capacity

Answer

Offer

Answer

Acceptance