This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A total commitment by everyone in an organization to improve the quality of procedures and products by reducing waste, errors, and defects A) Classical management. B) Administrative management. C) Behavioral management. D) Quality managment. Show Answer Correct Answer: D) Quality managment. 2. A financial plan used to determine when to replace or purchase fixed assets. A) Capital budget. B) Operating budget. C) Cash budget. D) Start-up budget. Show Answer Correct Answer: A) Capital budget. 3. What procedure is used to evaluate the work and accomplishment of an employee and provide feedback about how well the employee is meeting expectations? A) What-if analysis. B) Coaching. C) Contingency plan. D) Performance review. Show Answer Correct Answer: D) Performance review. 4. A manager who realized that each employee has different background as well as different attitudes, skills and needs demonstrating the human relations skill of A) Communication. B) Self-awareness. C) Employee empowerment. D) Understanding others. Show Answer Correct Answer: D) Understanding others. 5. Which of the following is NOT what dynamic companies have in common that makes them successful? A) Hiring Carefully. B) Controlling Cost. C) Centralization of Authority. D) Accepting Change. Show Answer Correct Answer: C) Centralization of Authority. 6. A type of termination in which an employee leaves the business to pursue work elsewhere. A) Retirement. B) Dismissal. C) Redundancy. D) Resignation. Show Answer Correct Answer: D) Resignation. 7. Which of the following is not one of the five steps of the delegation process? A) Authority. B) Briefing. C) Control. D) Appraisal. Show Answer Correct Answer: A) Authority. 8. Revise the policy in the policy development process is step A) 2. B) 3. C) 4. D) 5. Show Answer Correct Answer: D) 5. 9. Which of the following is a benefit of using project management software: A) Improved efficiency. B) Less need for management. C) Smaller project team size. D) Better governance mechanisms. Show Answer Correct Answer: A) Improved efficiency. 10. ..... is a form of innovation directly associated with the technical development of existing products or processes or the creation of new ones. A) Operations management. B) Research & development (R & D). C) Total quality management. D) Kanban. Show Answer Correct Answer: B) Research & development (R & D). 11. Operations management involves producing goods, quality control, managing the supply chain, product development, ..... of goods and purchasing of external products. A) Selling. B) Warehousing. C) Storing. D) Shipping. Show Answer Correct Answer: B) Warehousing. 12. If a company continuously fails to deliver on its brand promise, it will probably: A) Decrease liability. B) Improve sales volume. C) Increase market share. D) Lose credibility. Show Answer Correct Answer: D) Lose credibility. 13. This role requires you to make changes in policies or resolve conflicts in the work place as a manager. A) Information-Related Role. B) Decision Making Role. C) Interpersonal Role. D) Required Roll. Show Answer Correct Answer: B) Decision Making Role. 14. College presidents, school superintendents, and school principals are all classified as which business administrator? A) Education admin. B) Human resource manager. C) Administrative admin. D) Public relations manager. Show Answer Correct Answer: A) Education admin. 15. Acquire businesses in different stages of production A) Chain of Production. B) Vertical Integration. C) Horizontal Integration. D) Virtual Integration. Show Answer Correct Answer: B) Vertical Integration. 16. Which of the following statements is true about conflict? A) All conflict should be avoided. B) A little conflict is sometimes beneficial. C) Win/lose strategies are most often used by manager. D) Managers should not compromise or they lost authority. Show Answer Correct Answer: B) A little conflict is sometimes beneficial. 17. To determine the creditworthiness of people or organizations, businesses apply the ..... A) Four C's of credit. B) 80/20 rule. C) "Keep it simple" policy. D) Minimum approval rate standard. Show Answer Correct Answer: A) Four C's of credit. 18. What management function involves monitoring customer satisfaction? A) Planning. B) Leading. C) Organizing. D) Controlling. Show Answer Correct Answer: D) Controlling. 19. One disadvantage of the differentiation strategy A) Costs are often increased. B) Brand loyalty is reduced. C) It can lower quality. D) None of the above. Show Answer Correct Answer: A) Costs are often increased. 20. Management and Administration are A) Same. B) Different. C) Partly same and partly different. D) Same and different. Show Answer Correct Answer: C) Partly same and partly different. ← PreviousNext →Related QuizzesEconomy QuizzesBusiness Management Quiz 1Business Management Quiz 2Business Management Quiz 3Business Management Quiz 4Business Management Quiz 5Business Management Quiz 6Business Management Quiz 7Business Management Quiz 8Business Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books