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FBLA Global Business Test 2
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FBLA Global Business Test 2
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25 Questions

1. All of the following statements are true, except:
2. The _______holds that consumers will favor products that are available and highly affordable.
3. Business risks that can result only in loss are called _risks.
4. The standard rate for a room in a hotel is known as the
5. A labor union strategy in which union members refuse to buy a company's products is called a(n)
6. Laundry service offered to hotel guests is also known as
7. ___________is most appropriate with customers who most affect the company's future.
8. Rose and Mark have a beautiful Victorian house in a beachside community which they have converted into a small lodging operation. They have five guest rooms and provide breakfast for their guests. Their lodging operation is known as a(n)
9. Natural monopolies are allowed to exist in the United States because they
10. A manager is most likely to have long term success in motivating an employee by focusing on:
11. When using a calculator, if you enter 50 x 10 percent, this is the same as entering
12. Businesses often include in a credit application a listing of their assets such as equipment and buildings that could be used as:
13. Time can be best thought of as a(n)
14. Honesty, integrity, trustworthiness, loyalty, fairness, concern and respect for others, commitment to excellence, and accountability are all:
15. What consumers want and need helps to answer the basic economic question of
16. All of the following statements are true, except:
17. A hotel pricing plan that includes two meals with the cost of the room is called
18. A memorandum is typically used for communication _____organizations.
19. The process of learning from a skilled professional, such as a chef, is called:
20. A discount rate offered by hotels to business travelers is often called
21. An organization of professional salespeople which requires its members to pledge to compete fairly and honorably is an example of which of the following benefits of organization management?
22. Maintaining a regular delivery schedule for basic stock items helps hotels to
23. A room that is occupied free of charge is called a
24. FIFO is an inventory term that stands for
25. Which of the following is not a reason computers are used to process business information?

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