US Major Marketing Test 1

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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University Major — Test 1 (Marketing) University (Undergraduate Majors, USA) USA USA University Majors Curriculum

What is this test? for University Major review (University Major — Test 1 (Marketing)), USA — University (Undergraduate Majors, USA) level, USA.
For University students (Undergraduate) in Test 1 (Marketing) in the USA — is this your major?
Section: University Major — Test 1 (Marketing) · Education: University (Undergraduate) · Part: University Major — Test 1 (Marketing) · Country: USA

Economics is a fundamental social science examining the relationship between unlimited wants and scarce resources.

This test will help you assess your knowledge of micro- and macro-economics.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is branding?

A) Identity building

B) No identity

C) Copying all

D) Low prices

Question 2

What is a monopoly?

A) Many sellers

B) Single seller

C) No sellers

D) Buyer group

Question 3

What is macroeconomics?

A) One firm

B) No study

C) Whole-economy study

D) Households only

Question 4

What are the 4 Ps?

A) People only

B) No Ps

C) Profit only

D) Product price place promotion

Question 5

What is revenue?

A) Earned income

B) Costs

C) Debts

D) Losses

Question 6

Which of the following best defines supply and demand?

A) Fixed prices

B) Price-setting forces

C) No market

D) Government sets

Question 7

Which of the following best defines inflation?

A) Falling prices

B) Flat wages

C) Rising prices

D) High taxes

Question 8

Which of the following best defines marketing?

A) Making goods

B) Hiring staff

C) Counting cash

D) Promoting selling

Question 9

Which of the following best defines logistics?

A) Moving goods

B) Making goods

C) Selling goods

D) No moving

Question 10

Which of the following best defines microeconomics?

A) Whole economy

B) Small-unit study

C) No study

D) World trade

Question 11

Which of the following best defines fiscal policy?

A) Court rulings

B) Trade deals

C) Tax-spend management

D) Money printing

Question 12

Which of the following best defines a business plan?

A) No plan

B) One page

C) Oral pitch

D) Roadmap document

Question 13

Which of the following best defines competition?

A) Rival sellers

B) One seller

C) No sellers

D) Government only

Question 14

Which of the following best defines target market?

A) Everyone

B) Intended buyers

C) No buyers

D) Sellers

Question 15

Which of the following best defines economics?

A) Free goods

B) No choices

C) Choice under scarcity

D) Only money

Question 16

Which of the following best defines a stock?

A) Bond

B) Loan

C) Bill

D) Company share

Question 17

Which of the following best defines profit?

A) Gain over cost

B) Loss

C) Break even

D) No sales

Question 18

Which of the following best defines a balance sheet?

A) Movie

B) Snapshot finances

C) Letter

D) Ad

Question 19

Which of the following best defines management?

A) No planning

B) Workers only

C) Planning leading organizing

D) Selling only

Question 20

Which of the following best defines the accounting equation?

A) Profit only

B) No equation

C) Cash only

D) Assets equal liabilities equity

US Major Marketing Test 1

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