Name_____________________________
Date___________________
Hour_________
NOCTI - Test Review Sheet
This worksheet will be graded, please turn in tomorrow before test begins.
Define and understand:
4 p’s of marketing
4 primary management functions
assets
bank
business law
capital
code of ethics
consumer law
consumers
consumption
corporation
civil law
demand
descriptions
employee benefits
environmental protection agency
exports
external motivation
imports
informal business communication
internal revenue service
job description
job application
effective leadership
manager
manufacturing
marketing mix
monopoly
operating expenses
oral communication
organizational chart
partnership
planning
presentations
producers
production
product life cycle
Profit
proprietorship
selling price
target market
Math formulas:
 Supply or Demand X Price=Total amount
 ROS= Net profit/Sales
 ROI = Net profit/ Total assets
 Inventory Turnover = Cost of goods sold/Avg Inventory
 Employee turnover rate= # of employees leaving/ avg # of employees
Flashcards at http://quizlet.com/20212289/general-management-exam-review-nocti-flash-cards/
The software portion of the test review will be on Monday, using SAM2010.course.com.