Accountancy Business and Management Quiz Medium

What does the term SWOT stand for in the context of strategic planning?

• Sales, Workforce, Objectives, Targets

• Savings, Withdrawals, Orders, Transactions

• Supply, Warranty, Order, Timelines

• Strengths, Weaknesses, Opportunities, Threats

What is the term for the process of finding and hiring the right people for a job?

• Recruitment

• Market research

• Financial planning

• Public relations

What is the process of converting raw materials into finished products called?

• Procurement

• Production

• Promotion

• Pricing

What does the acronym KPI stand for?

• Key Product Inventory

• Key Partnership Investment

• Key Personnel Integration

• Key Performance Indicator

What is the term for the process fo analyzing and managing an organization's interaction with the media?

• Marketing

• Public relations

• Advertising

• Branding

If a company's revenue is $50,000 and its expenses are $30,000, what is the company's profit?

• $20,000

• $15,000

• $50,000

• $30,000

What does the term depreciation refer to?

• The allocation of the cost of a tangible asset over its useful life

• The increase in value of an asset over time

• The amount of profit generated by an investment

• The process of converting assets into liabilities

In marketing, what does the marketing mix consist of?

• Popularity, Pricing, Placement, Presentation

• Positioning, Packaging, Profit, Performance

• Packaging, Production, Payment, People

• Product, Price, Place, Promotion

What is the term for money owed by customers who have purchased goods or services on credit?

• Equity

• Liabilities

• Accounts receivable

• Depreciation

A retailer offers a 20% discount on a $100 product. How much will the customer pay after the discount?

• $20

• $90

• $120

• $80