Q.1

Which of these phrases best describes the business cycle?

  • The process of creating policy for businesses, beginning with agenda setting and ending with evaluating the policy's effect on the business's bottom line
  • A recurring cycle of booms and busts, recoveries and recessions
  • A system of managing the economy by increasing or decreasing the supply of money
  • A system of managing the economy by increasing or decreasing federal expenditures
Q.2

Which of the following is NOT true about enterprise systems?

  • The software is expressly built to allow companies to mimic their unique business practices
  • The software includes analytical tools to evaluate overall organization performance
  • They help firms respond rapidly to customer requests for info or products
  • The data have standardized definitions and formats that are accepted by the entire organization
Q.3

A trough in the business cycle occurs when

  • economy is transitioning from a period of decline to a period of expansion
  • economy is transitioning from a period of expansion to a period of contraction
  • economy is transitioning from a period of expansion to a period of decline
  • None of the above
Q.4

Examples of networking in business.

  • Online/social media networks
  • Community service clubs
  • Strong contact networks
  • All of the above
Q.5

A low trough is indicative of

  • the start of a depression
  • the end of a recession
  • a serious depression
  • a growing recession
Q.6

How many steps are in the system development life cycle?

  • 3
  • 4
  • 5
  • 6
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