APBM CABM Exam Practice Test Instant Access

Question 1

The formation of a partnership requires which of the following?

AAssociation two or more persons with legal capacity who agree to become partners

BBusiness for profit

CCo-ownership includes sharing of profits, losses and control of the business

DAll of the above

Answer : D

Question 2

Which of the following is NOT the category of Current Account?

AGoods trade

BFinancial trade

CServices trade

DIncome

Answer : B

Question 3

__________________ represents the average time it takes to collect credit accounts.

ADays sales outstanding

BAverage sales outstanding

CCollection policy

DAccumulating time

Answer : A

Question 4

Software that works on computer network or via the Internet to link people across a room or around the globe is called:

AAssembly-line

BTroop-up

CGroupware

DBand-ware

Answer : C

Question 5

The formula to calculate the Sales (units) is:

ASales (units) = (Fixed costs + Target profit) / break-even sales

BSales (units) = (variable costs + Target profit) / break-even purchases

CSales (units) = (Fixed costs + Target profit) / Unit contribution margin

DSales (units) = (variables costs + Target profit) / Unit contribution margin

Answer : C

Question 6

In ________________, managers of the acquired firm generally are fired, and who are able to stay on lose the power they had prior top the acquisition.

APrison pill

BHostile takeover

CAdverse takeover

DAntagonistic prison

Answer : B

Question 7

What refers to a Japanese style of management that is characterized by long-term employment, slow promotions, considerable job rotation, consensus-style decision making, and concern for the employee as a whole?

ATheory T

BTheory T +

CTheory Z

DTheory Z +

Answer : C

APBM CABM Certified Associate Business Manager Exam Practice Test