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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. capital intensive

2. 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.

3. anything of value owned by a business

4. total sales (=revenue) generated during a month, quarter or year

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

6. target market

7. planning, monitoring (comparing planned spending with actual spending), producing financial data for the senior management team, analysing major financial decisions

8. Earnings before Interest, Taxes, Depreciation and Amortization

9. The product life cycle stage in which sales peak and then increase at a slower rate or start to decline

10. taxes built up over time, unpaid taxes

11. The product life-cycle stage in which a product's sales decline

12. the loss in value of an intangible asset (e.g. the purchase of a licence or trademark)

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

14. research that gathers and analyzes information about the moving of good or services from producer to consumer

15. Importing

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

17. company's social responsibility measured

18. Ethics

19. unemployment rate

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

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

22. consumer price index

23. earnings (= profit / the bottom line)

24. export agent

25. the process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals

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