Free practice test

Chief Executive Practice Test

Check what you know about the chief executive job with 15 free questions and instant explanations.

Updated By the Career Education Institute Curriculum Team
About this practice test

15 multiple-choice questions on chief executive knowledge, safety and vocabulary. Submit to see your score and explanations, or open any question’s answer as you go. Nothing is saved or shared.

Question 1 of 15The CEO reports to:
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Answer: The board. Governance.

Question 2 of 15P&L shows:
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Answer: Profit and loss. Financials.

Question 3 of 15Fiduciary duty means:
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Answer: Acting in the organization’s interest. Duty.

Question 4 of 15A good annual plan has:
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Answer: A few priorities. Focus.

Question 5 of 15C-suite refers to:
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Answer: Top executives. Leaders.

Question 6 of 15Which term matches this definition: “Profit and loss statement.”
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Answer: P&L. P&L: Profit and loss statement.

Question 7 of 15What does “Earnings call” mean?
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Answer: Quarterly investor update.. Earnings call: Quarterly investor update.

Question 8 of 15Which term matches this definition: “Long-term plan.”
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Answer: Strategy. Strategy: Long-term plan.

Question 9 of 15What does “Stakeholder” mean?
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Answer: Anyone affected by the organization.. Stakeholder: Anyone affected by the organization.

Question 10 of 15Which term matches this definition: “Combining or buying companies.”
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Answer: Merger and acquisition. Merger and acquisition: Combining or buying companies.

Question 11 of 15What does “EBITDA” mean?
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Answer: Earnings before interest, taxes, depreciation and amortization.. EBITDA: Earnings before interest, taxes, depreciation and amortization.

Question 12 of 15Which term matches this definition: “Duty to act in the organization’s interest.”
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Answer: Fiduciary duty. Fiduciary duty: Duty to act in the organization’s interest.

Question 13 of 15What does “Succession plan” mean?
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Answer: Plan for future leaders.. Succession plan: Plan for future leaders.

Question 14 of 15Which term matches this definition: “Statement of purpose.”
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Answer: Mission statement. Mission statement: Statement of purpose.

Question 15 of 15What does “Shareholder” mean?
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Answer: Owner of company stock.. Shareholder: Owner of company stock.

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