FREE Product Management Definition & Tools Certification Questions and Answers

Question 1

Jason is the proprietor of a tiny IT business. He gave 10% of the business to his friend Shanel in return for a monetary contribution. What kind of finance is demonstrated by this example?

Accepted Answer

A stock offer

Answer

An offering of debentures

Answer

A secured commercial loan

Answer

A dividend

Question 2

Keith called a brief team meeting after a local news story to review possibilities. He posted a memo on the employee bulletin board next to the time clock as a permanent record that all workers could see. What methods of communication did Keith use?

Accepted Answer

Oral then written

Answer

Oral then electronic

Answer

Written then oral

Answer

Written then Visual

Question 3

What does a WBS look like?

Accepted Answer

The HVAC unit for heat and air conditioning may also be installed by the electrical contractor, along with 25 outlets

Answer

Before departing, the plumber might inform the homeowner that the pipes must be replaced since they are rusting

Answer

None of the above

Answer

The city contractor will do their best to draw attention to the issues with the front yard

Question 4

Which component of the BRIE model would a task like patenting an invention by an entrepreneur fall under?

Accepted Answer

Resources

Answer

Exchange

Answer

Intention

Answer

Boundary

Question 5

What does a left-side entry on an account mean?

Accepted Answer

Debit

Answer

Credit

Answer

Transaction

Answer

Equation

Question 6

Which statements about money demand and the price level are true?

Accepted Answer

It varies directly with the price level

Answer

It does not vary with the price level

Answer

Regarding money demand and price level, which of these statements is true?

Answer

It varies inversely with the price level

Question 7

What is the major strategy marketers use to generate interest in their goods?

Accepted Answer

Display the special qualities and extras that the product has

Answer

Count on early adopters to spread the word about you

Answer

Place prominent displays and advertisements in stores

Answer

Compared to nearby competitors, it provides considerable price reductions

Question 8

Choose a web analytics tool that tracks a user's behavior after they arrive at your website.

Accepted Answer

on-site web analytics

Answer

off-site web analytics

Answer

specific-site web analytics

Answer

general-site web analytics

Question 9

Which of the following, according to the SWOT analysis, is not a danger to an organization?

Accepted Answer

None of the above

Answer

Recession in economy

Answer

Entry of lower cost competitors

Answer

Rising sales of substitute products

Question 10

Which A/B test type displays two versions of your website to users at the same URL

Accepted Answer

Classic A/B test

Answer

Multivariate or MVT test

Answer

Split test or direct tests

Answer

None of the above

Jason is the proprietor of a tiny IT business.He gave 10% of the business to his friend Shanel in return for a monetary contribution.What kind of finance is demonstrated by this example?

Jason is the proprietor of a tiny IT business.
He gave 10% of the business to his friend Shanel in return for a monetary contribution.
What kind of finance is demonstrated by this example?