Professional Membership Examination
Refresher Course Quiz
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Question 1 of 100
1. Question
What is creative thinking?
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Question 2 of 100
2. Question
Which of the following is NOT a characteristic of a creative thinker?
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Question 3 of 100
3. Question
How can creative thinking benefit individuals and organizations?
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Question 4 of 100
4. Question
What is the difference between convergent and divergent thinking?
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Question 5 of 100
5. Question
Which of the following is an example of divergent thinking?
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Question 6 of 100
6. Question
What is brainstorming?
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Question 7 of 100
7. Question
Which of the following is NOT a rule of brainstorming?
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Question 8 of 100
8. Question
What is mind mapping?
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Question 9 of 100
9. Question
What is digital marketing?
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Question 10 of 100
10. Question
What is a disadvantage of brainstorming?
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Question 11 of 100
11. Question
What is problem-solving?
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Question 12 of 100
12. Question
What is the first step in problem-solving?
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Question 13 of 100
13. Question
What is a benefit of using a problem-solving strategy?
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Question 14 of 100
14. Question
What is the difference between a simple and complex problem?
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Question 15 of 100
15. Question
Which of the following is NOT a step in the problem-solving process?
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Question 16 of 100
16. Question
Why is expressing creative ideas important?
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Question 17 of 100
17. Question
What is the difference between verbal and nonverbal communication?
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Question 18 of 100
18. Question
Which of the following is an example of nonverbal communication?
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Question 19 of 100
19. Question
What is a pitch?
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Question 20 of 100
20. Question
What is an elevator pitch?
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Question 21 of 100
21. Question
What is innovation?
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Question 22 of 100
22. Question
Why is innovation important in business?
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Question 23 of 100
23. Question
What is disruptive innovation?
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Question 24 of 100
24. Question
What is social innovation?
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Question 25 of 100
25. Question
What is the difference between creativity and innovation?
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Question 26 of 100
26. Question
What does ICT stand for?
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Question 27 of 100
27. Question
Which of the following is NOT a characteristic of entrepreneurship?
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Question 28 of 100
28. Question
Which of the following is a key benefit of entrepreneurship?
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Question 29 of 100
29. Question
Which of the following is an example of ICT?
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Question 30 of 100
30. Question
Which of the following is an important skill for an entrepreneur?
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Question 31 of 100
31. Question
What is idea generation?
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Question 32 of 100
32. Question
What is opportunity identification?
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Question 33 of 100
33. Question
Which of the following is a technique for idea generation?
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Question 34 of 100
34. Question
What is a SWOT analysis?
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Question 35 of 100
35. Question
What does SWOT stand for?
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Question 36 of 100
36. Question
What is market research?
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Question 37 of 100
37. Question
Which of the following is a benefit of market research?
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Question 38 of 100
38. Question
Which of the following is NOT a method of market research?
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Question 39 of 100
39. Question
What is secondary data analysis?
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Question 40 of 100
40. Question
What is a target market?
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Question 41 of 100
41. Question
What is a business model?
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Question 42 of 100
42. Question
Which of the following is a component of a business model canvas?
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Question 43 of 100
43. Question
What is the purpose of a revenue model?
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Question 44 of 100
44. Question
A statement that describes the unique value a business offers to its customers
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Question 45 of 100
45. Question
What is a customer segment?
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Question 46 of 100
46. Question
What is financial management?
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Question 47 of 100
47. Question
Which of the following is a benefit of financial management?
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Question 48 of 100
48. Question
What is a cash flow statement?
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Question 49 of 100
49. Question
What is break-even analysis?
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Question 50 of 100
50. Question
What is ROI?
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Question 51 of 100
51. Question
Which of the following is NOT a characteristic of an entrepreneur?
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Question 52 of 100
52. Question
Which of the following is an important skill for an entrepreneur?
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Question 53 of 100
53. Question
Which type of decision-making is characterized by a rational and systematic approach to problem-solving?
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Question 54 of 100
54. Question
Which of the following is a disadvantage of entrepreneurship?
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Question 55 of 100
55. Question
Which of the following is NOT a common source of funding for startups?
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Question 56 of 100
56. Question
What is opportunity identification?
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Question 57 of 100
57. Question
Which of the following is an important step in conducting market research?
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Question 58 of 100
58. Question
What is the purpose of conducting market research?
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Question 59 of 100
59. Question
Which of the following is NOT a method of market research?
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Question 60 of 100
60. Question
Which of the following is an example of a demographic factor in market research?
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Question 61 of 100
61. Question
What is the purpose of a business plan?
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Question 62 of 100
62. Question
Which of the following is an important section of a business plan?
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Question 63 of 100
63. Question
Which of the following is NOT a component of a marketing plan?
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Question 64 of 100
64. Question
Which of the following is an important part of a financial plan?
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Question 65 of 100
65. Question
What is a competitive analysis?
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Question 66 of 100
66. Question
Which of the following is NOT a common financial statement?
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Question 67 of 100
67. Question
What is the purpose of an income statement?
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Question 68 of 100
68. Question
What is the purpose of a balance sheet?
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Question 69 of 100
69. Question
Which of the following is an important financial ratio for assessing a company’s liquidity?
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Question 70 of 100
70. Question
Which of the following is an important financial ratio for assessing a company’s profitability?
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Question 71 of 100
71. Question
What is the marketing mix?
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Question 72 of 100
72. Question
Which of the following is NOT a component of the promotional mix?
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Question 73 of 100
73. Question
What is a target market?
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Question 74 of 100
74. Question
Which of the following is an example of a marketing channel?
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Question 75 of 100
75. Question
What is the difference between a manager and a leader?
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Question 76 of 100
76. Question
Which of the following is NOT a function of management?
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Question 77 of 100
77. Question
Who is known as the “Father of Scientific Management”?
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Question 78 of 100
78. Question
Which of the following is a characteristic of a successful manager?
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Question 79 of 100
79. Question
What is the process of achieving organizational goals through the efficient use of resources called?
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Question 80 of 100
80. Question
What is the primary role of a manager?
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Question 81 of 100
81. Question
What is the process of dividing work into smaller tasks called?
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Question 82 of 100
82. Question
Which of the following is NOT a type of organizational structure?
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Question 83 of 100
83. Question
What is the process of assigning authority and responsibility called?
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Question 84 of 100
84. Question
What is the process of creating a visual representation of an organization’s structure called?
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Question 85 of 100
85. Question
What is the process of coordinating different parts of an organization called?
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Question 86 of 100
86. Question
What is the process of identifying and selecting appropriate goals and courses of action called?
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Question 87 of 100
87. Question
Which of the following is NOT a type of planning?
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Question 88 of 100
88. Question
What is the process of choosing among alternative courses of action called?
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Question 89 of 100
89. Question
Which of the following is NOT a step in the decision-making process?
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Question 90 of 100
90. Question
What is the process of monitoring performance and making necessary changes called?
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Question 91 of 100
91. Question
Which of the following is NOT a leadership style?
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Question 92 of 100
92. Question
Which of the following is NOT a motivational theory?
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Question 93 of 100
93. Question
Which of the following is NOT a communication skill for effective leadership?
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Question 94 of 100
94. Question
Which of the following is NOT a trait of a successful leader?
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Question 95 of 100
95. Question
What is the process of guiding, directing, and motivating people to work towards a common goal called?
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Question 96 of 100
96. Question
Which of the following is NOT a step in the control process?
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Question 97 of 100
97. Question
Which of the following is NOT a type of control?
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Question 98 of 100
98. Question
What is the process of setting performance standards and goals called?
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Question 99 of 100
99. Question
Which of the following is NOT a purpose of performance appraisal?
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Question 100 of 100
100. Question
What is the process of evaluating an organization’s overall performance called?
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