APBM CABM Exam Practice Test Instant Access

Question 1

Which one is created to administer a unit of local civil government or one created by the United States to conduct business?

AProfit Corporation

BPrivate Corporation

CPublic Corporation

DDomestic Corporation

Answer : C

Question 2

What refers to the basic management systems necessary to function effectively and carryout the principles of total quality?

AInfrastructure

BPractices

CProcesses

DNone of the above

Answer : A

Question 3

The change in the relation of partners caused by any partner's ceasing to be associated with the carrying on of the business is called:

ADissolution

BDisbanding

CConclusion

DSuspension

Answer : A

Question 4

What the simplest from the administrative point is of view because it emphasizes the basic tasks of the firm?

ACustomer structure

BOrganizational structure

CFunctional structure

DStatistical structure

Answer : C

Question 5

What translate into maximizing the value of the firm as measured by the price of the firm's common stock?

AStockholder wealth maximization

Bmaximize goal achievement

CStock price maximization

DMaximize profit investments

Answer : A

Question 6

What is made up of transfers if financial assets and the acquisition and disposal of nonproduced / nonfinancial assets?

ACapital account

BFinancial account

CPortfolio account

DDirect Investment account

Answer : A

Question 7

An approach that applies social science in an organizational context, drawing from economics, psychology, sociology, and other disciplines is called:

ABehavioral sciences Approach

BManagement sciences Approach

CSystematic sciences Approach

DStrategic sciences Approach

Answer : A

APBM CABM Certified Associate Business Manager Exam Practice Test