This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 14 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The idea that most people are motivated by their need for achievement, power, and affiliation is most closely associated with ..... A) Herzberg. B) McClelland. C) Maslow. D) Fiedler. Show Answer Correct Answer: B) McClelland. 2. What is it called when a leader has the ability to give or withhold rewards A) Reward influence. B) Expert influence. C) Identity influence. D) Position influence. Show Answer Correct Answer: A) Reward influence. 3. This intellectual property protects ownership to logos, slogans, designs, phrases and things that are distinctive to the design such as the color, shape, wording for a product is a ..... A) Trade dress. B) Copyright. C) Patent. D) Trademark. Show Answer Correct Answer: D) Trademark. 4. Monitoring the opportunity for loss for a business. A) Risk assessment. B) Risk retention. C) Risk management. D) Risk transfer. Show Answer Correct Answer: C) Risk management. 5. Gathering and analyzing of information about a business is A) Collateral. B) Mission statement. C) Market research. D) Business plan. Show Answer Correct Answer: C) Market research. 6. Person who completes all five management functions on a regular basis and has authority over other jobs and people A) Manager. B) Supervisor. C) Employee. D) Worker. Show Answer Correct Answer: A) Manager. 7. A manager is crucial to a business': A) Innovation. B) Human Resources. C) Efficiency. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. A cash budget is used to ..... A) Identify the profit which has been made from the overall year. B) Forecast the amount of money expected to be received or paid out over a period of time. C) Calculate the gross and net profit. D) None of above. Show Answer Correct Answer: B) Forecast the amount of money expected to be received or paid out over a period of time. 9. If a person wants to work from home in the Business, Management and Administrative careers, what is required? A) A cubicle to keep the person on task. B) A private office to protect confidential information. C) Proper technology to keep the person connected. D) Proper travel arrangements to meet with customers. Show Answer Correct Answer: C) Proper technology to keep the person connected. 10. Overseeing the personnel department of a company, including posting job vacancies, screening resumes, and setting interview appointments are examples of job duties for which business management careers? A) Adminstrative admininstration. B) Education adminstration. C) Human resource adminstration. D) Public relation manager. Show Answer Correct Answer: C) Human resource adminstration. 11. Which of the following is not a common legal structure for a business? A) Government. B) Sole trader. C) Partnership. D) Company. Show Answer Correct Answer: A) Government. 12. A Liquidity ratio ..... A) Measures how profitable the organisation is. B) Measures how able the organisation is to pay its short-term debts. C) Measures how well the capital invested into the company is being utilised. D) None of above. Show Answer Correct Answer: B) Measures how able the organisation is to pay its short-term debts. 13. Attributes necessary for effective leadership are? A) Diagnosing, adapting & communicating. B) Adapting, leading & communicating. C) Diagnosing, leading & communicating. D) Communicating, expendable & leading. Show Answer Correct Answer: A) Diagnosing, adapting & communicating. 14. Which sector of the economy involves extraction of raw materials, farming, fishing, forestry and mining? A) Secondary sector. B) Primary sector. C) Quaternary sector. D) Tertiary sector. Show Answer Correct Answer: B) Primary sector. 15. How do businesses aim to satisfy the needs and wants of individuals and organizations? A) Creating a product. B) Providing a service. C) Extracting raw materials. D) All of the options. Show Answer Correct Answer: D) All of the options. 16. Which of the following is an example of on-the-job training? A) Undertaking an online module at home. B) Attending a lecture by an industry expert. C) Role playing during an interview. D) Being assigned a mentor to help you during shifts. Show Answer Correct Answer: D) Being assigned a mentor to help you during shifts. 17. Which management career often requires a master's degree? A) Administrative services manager. B) Operation managers. C) Compliance managers. D) Chief executives. Show Answer Correct Answer: D) Chief executives. 18. Which of the following is not a basic function of management? A) Planning. B) Leading. C) Organizing. D) Administering. Show Answer Correct Answer: D) Administering. 19. The purpose of a policy is to A) Make everyone follow the rules. B) To make the work place regimented. C) To give the boss scope to fire you. D) To promote a positive culture. Show Answer Correct Answer: D) To promote a positive culture. 20. Personal computers and software that allowed individuals to enter and process their own data were developed in the A) 1960s. B) 1980s. C) 1970s. D) 1990s. Show Answer Correct Answer: B) 1980s. ← 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