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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. consumer price index

2. the activity of recording business transactions (raamatupidamine)

3. Identified segments of the market that a business wants to have as their customers.

4. marketing function of holding goods so they're available when they're needed

5. bearing the uncertainties that are part of the marketing process

6. Absolute advantage

7. keeping the company´s books, preparing financial statements, preparing tax returns, developing strategies to minimize taxes

8. money raised from within the firm, from operations or through the sale of ownership in the firm (e.g. reinvested earnings, sale of assets, issue of new shares)

9. skills that involve communication and motivation; they enable managers to work through and with people

10. CFO (.........................................................) is on the Board. 3 senior managers below report to CFO: - FC (...................................................), - T (..........................) and CAO (...................................)

11. Off shore outsourcing?

12. strategic planning

13. cost centres, profit centres, variance analysis, costing methods (standard versus marginal costing), valuing assets

14. a summary of all the financial data in the account ledgers that ensures the figures are correct and balanced

15. creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organizations goals and objectives

16. a financial statement that reports assets, liabilities, and owner's equity on a specific date

17. the phase of accounting concerned with providing information to stockholders, creditors, and others outside the organization (finantsarvestus)

18. strategic business unit

19. Tarrifs

20. grouping goods according to size, quality, or other characteristics, and determining appropriate price for products and services

21. Disadvantage of Socialism

22. a loan for fixed period of time with fixed interest rate

23. world bank

24. Forces that can discourage participation in global business

25. financial obligations that will take the business more than one year to repay.

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