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APBM CBM - Certified Business Manager

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Total 354 questions

Pricing is a static element.

A.

True

B.

False

The degree to which an organization realizes its goals is called organizational:

A.

Effectiveness

B.

Efficiency

C.

Contingency

D.

Productivity

Although it is desirable to establish attainable goals, it is undesirable to plan lower goals than may be possible, this is known as:

A.

budgetary monitoring

B.

budgetary slack

C.

budgetary drooping

D.

inactive budget

If received an asset and incurred a liability to pay a future bill, this type of transaction is called:

A.

payable on account

B.

supplies on account

C.

sale on account

D.

purchase on account

Tariffs are imposed for which of the following reason?

A.

collection of revenue

B.

protection of domestic industries from foreign competition

C.

political control

D.

All of the above

Cash flow to creditors is computed from the interest paid minus net new borrowings and cash flow to owners is computed from the dividends paid minus net new equity.

A.

True

B.

False

What typically defines business operations and may focus on values, markets and customers that distinguish the organization?

A.

Operative goal statement

B.

Performance goal statement

C.

Official goal statement

D.

Productivity goal statement

Means used to anticipate and manage the supply of and demand for human resources is known as:

A.

HR development

B.

HR management

C.

HR strategies

D.

HR business decisions

______________ pertains to the acquisition of needed material and financial means from the environment.

A.

Market

B.

Resources

C.

Innovation and change

D.

Employee development

Measuring your performance against that of best-in-class companies, determining how the best-in-class achieve those performance levels, and using the information as a basis for your own company’s targets, strategies and implementation is called:

A.

Benchmarking

B.

Flowcharting

C.

Reengineering

D.

Redesign