MBA Trivia Flashcards
7 cards from real Amazon practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 MBA Trivia flashcards as text
What does KPI stand for in business performance?
Answer: Key Performance Indicator
A KPI is a Key Performance Indicator used to measure progress toward objectives.
Which strategy focuses on offering the lowest prices in a market?
Answer: Cost leadership
Cost leadership aims to become the lowest-cost producer to compete on price.
What is goodwill on a balance sheet?
Answer: An intangible asset from acquisitions
Goodwill is an intangible asset recorded when a company is acquired above its net asset value.
In supply chain, what does JIT stand for?
Answer: Just-In-Time
Just-In-Time is an inventory strategy that receives goods only as needed for production.
What does an elastic demand curve indicate?
Answer: Demand is sensitive to price changes
Elastic demand means quantity demanded changes significantly when price changes.
Which document outlines a company's mission, goals, and strategy for investors?
Answer: Business plan
A business plan describes a company's mission, strategy, and financial projections.
What is the term for a company's earnings before interest, taxes, depreciation, and amortization?
Answer: EBITDA
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.