This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 17 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When a country's output exceeds its population growth, it will have ..... A) Inflation. B) Economic growth. C) A recession. D) None of these. Show Answer Correct Answer: B) Economic growth. 2. What are non-governmental organizations (NGOs)? A) They are only concerned with a single issue or cause. B) NGOs support a cause that is deemed to be socially desirable. C) They are not organized or run by any government but operate for profit. D) NGOs usually have political aims. Show Answer Correct Answer: B) NGOs support a cause that is deemed to be socially desirable. 3. Which of the following IS NOT an example of a point of sale system? A) A cash register. B) A debit/credit card reader. C) A barcode scanner. D) They are all examples of a point of sale system. Show Answer Correct Answer: D) They are all examples of a point of sale system. 4. Which of the following is part of Sales Promotion- A) Incentives. B) Trade shows. C) Events. D) Catalogs. Show Answer Correct Answer: A) Incentives. 5. A company's mission statement A) Is the basis for all directing. B) Is the basis for all financing. C) Is the basis for all planning. D) Is a statement used to talk to customers. Show Answer Correct Answer: C) Is the basis for all planning. 6. A business creates an organizational design in which no employee has to report to more than one manager at a time. This is following an organizational principle called A) Unity of command. B) The scalar principle. C) Span of control. D) Line authority. Show Answer Correct Answer: A) Unity of command. 7. Which of the following is not a management strategy to respond to KPI's. A) Investment in technology. B) Cost cutting. C) Materials management. D) Initiating lean production. Show Answer Correct Answer: C) Materials management. 8. Customers tend to look at a business as a whole despite the number of ..... they experience. A) Complaints. B) Feedback surveys. C) Touch points. D) Purchases. Show Answer Correct Answer: C) Touch points. 9. All of the following are types of information systems EXCEPT A) DSS. B) ISP. C) EIS. D) MIS. Show Answer Correct Answer: B) ISP. 10. To ensure that the quality of work is acceptable, businesses develop A) Organizational charts. B) Standards. C) Schedules. D) Goals. Show Answer Correct Answer: B) Standards. 11. A system that integrates data from various departments to make it available to help managers with day-to-day operations. A) Management information system. B) Executive information system. C) LAN. D) WAN. Show Answer Correct Answer: A) Management information system. 12. College presidents, school superintendents, and school principals are all classified as which business management career? A) Administrative service manager. B) Education administrator. C) Human resources manager. D) Public relations manager. Show Answer Correct Answer: B) Education administrator. 13. SWOT stands for? A) Strength, Weaknesses, Opportunity, Threat. B) Strategies, Weaknesses, Objectives, Threat. C) Strength, Weaknesses, Openings, Threat. D) Strategies, Weaknesses, Openings, Time Management. Show Answer Correct Answer: A) Strength, Weaknesses, Opportunity, Threat. 14. Almost all people starting small businesses have graduated from A) High school. B) College. C) Doctoral program. D) Business school. Show Answer Correct Answer: A) High school. 15. Larissa tells her employees to spend one-third of their time on sales reports, one-third on answering emails, and one-third on generating new leads. This is an example of which step of the organizing process? A) Evaluate results. B) Group tasks into structures. C) Delegate authority. D) Allocate resources. Show Answer Correct Answer: D) Allocate resources. 16. What is Promotes A) When you go to prom. B) If available resources are used sensibly, benefits can extend well into the. C) Both. D) None of above. Show Answer Correct Answer: B) If available resources are used sensibly, benefits can extend well into the. 17. The probability that conditions like exchange rates, government regulation, or political stability will affect an investment, usually one in a foreign country A) Risk. B) External risk. C) Economic risk. D) Investment risk. Show Answer Correct Answer: C) Economic risk. 18. Who should develop business plans? A) Current business owners. B) Employees of a business. C) Former business owners. D) Anyone wanting to start a business. Show Answer Correct Answer: D) Anyone wanting to start a business. 19. When aggregate demand decreases, which of the following will mostly likely increase: A) Expansion. B) Inflation. C) Production. D) Unemployment. Show Answer Correct Answer: D) Unemployment. 20. Which of the following is not a common component found in most business plans? A) A description of the HR team. B) A budget and a financial analysis showing both resources and needs. C) A description of the company's products and services. D) An executive summary. Show Answer Correct Answer: A) A description of the HR team. ← 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