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NOCTI General Management Exam Review 2
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NOCTI General Management Exam Review 2
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25 Questions

1. Why should nations trade with other nations?

2. basic research

3. loan capital including also any overdraft (temporary negative balance)

4. amounts of money

5. company's social responsibility measured

6. Marketing Myopia

7. long-term assets (e.g., patents, trademarks, copyrights) that have no real physical form but do have value

8. the product life-cycle stage in which the new product is first distributed and made available for purchase.

9. SWOT analysis

10. Entreprenurship risk time and money to start and manage a business. they lose benefits as to working for another company or person

11. problem child

12. the shareolder's claims on a company's assets after all of its creditors have been paid

13. the level of management that includes general managers, dividsion managers, and branch and plant managers who are responsible for tactical planning and controlling

14. theory of comparative advantage?

15. generation x

16. the exchange of goods for an agreed sum of money

17. credit control, stock control, expenditure control, marketing initiatives, using an outside company to recover a debt

18. salaries of sales and office staff, marketing costs, rent etc.= overheads

19. Socialism

20. allow private ownership, pass laws that enable contracts and ability to enforece in court, establish a world wide trade currency, lessen coruption in business and govt. keep taxes and regulations to a min.

21. Keynesian economics

22. Disadvantage of Socialism

23. Trade Protectionism

24. the information system that identifies, records, and communicates the economic events of an organization to interested users (majandusarvestus)

25. export broker

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