This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 20 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Katherine is determining the objectives for her company for the year. A) Leading. B) Controlling. C) Planning. D) Organizing. Show Answer Correct Answer: C) Planning. 2. Highly effective communication can have an impact on what area of project success? A) Staying within budget. B) Being on time. C) Meeting original goals. D) All of these. Show Answer Correct Answer: D) All of these. 3. Rita enjoys routine, so her manager gives her the same tasks every week. Therefore, Rita is satisfied with her job and wants to perform at a high level. Rita's manager is motivating her based on A) Her need for stability. B) Her need to please others. C) Monetary reward. D) Fear of failure. Show Answer Correct Answer: A) Her need for stability. 4. ..... is the obligations a business has over and above its legal responsibilities to the wellbeing of employees and customers, shareholders and the community as well as the environment. A) Corporate Culture. B) Leading teams. C) Corporate Social Responsibility. D) Decision Making. Show Answer Correct Answer: C) Corporate Social Responsibility. 5. What is the LEAST important factor in becoming an entrepreneur? A) Living in a major U.S. city. B) Having special skills & abilities. C) Desire to be your own boss. D) Developing a good business plan. Show Answer Correct Answer: A) Living in a major U.S. city. 6. The Dean of the Faculty of Business Management, QA University, is the keynote speaker at a retirement dinner held by the university. This is an example of which role? A) Figurehead. B) Spokesperson. C) Liaison. D) Leader. Show Answer Correct Answer: A) Figurehead. 7. Being able to foresee a businesses future; is a quality of which management skill A) Vision. B) Flexibility. C) Adapting to Change. D) Strategic-Thinking Skills. Show Answer Correct Answer: A) Vision. 8. Which agency enforces laws concerning air and water pollution? A) OSHA. B) FDA. C) CDC. D) EPA. Show Answer Correct Answer: D) EPA. 9. Last month, Monica used her Old Navy credit card to purchase $ 200 worth of clothing and accessories. When Monica received the bill, it stated that she had to make a minimum payment of $ 20. This is an example of a(n) ..... credit account. A) Installment. B) Revolving. C) Budget. D) Service. Show Answer Correct Answer: B) Revolving. 10. Which of the following is not a management responsibility? A) Human Resources. B) Technology Support. C) Operations. D) Delegating. Show Answer Correct Answer: D) Delegating. 11. The organization structure that is efficient but with many layers of management is the A) Line organization. B) Matrix organization. C) Line-and-staff organization. D) All of the responses. Show Answer Correct Answer: A) Line organization. 12. This involves analyzing of information and making decisions about what needs to be done. This includes long term and short term goals. A) Planning. B) Organizing. C) Implementing. D) Controlling. Show Answer Correct Answer: A) Planning. 13. Which is NOT a leadership style? A) Tactical. B) Strategic. C) Mixed. D) Goofy. Show Answer Correct Answer: D) Goofy. 14. Factors of production include ..... A) Money only. B) Labor and capital goods only. C) Land (natural resources), labor, and capital goods only. D) Land (natural resources), labor, capital goods, and entrepreneurship. Show Answer Correct Answer: D) Land (natural resources), labor, capital goods, and entrepreneurship. 15. In automated accounting, an audit ..... A) Checks the accuracy of processed information. B) Is generated on a yearly basis. C) Is always stored using electronic media. D) Corrects the data. Show Answer Correct Answer: A) Checks the accuracy of processed information. 16. Which of the following has a direct impact on a manager's span of control? A) Popularity of products. B) Number of subordinates. C) Channel of distribution. D) Allocation of funds. Show Answer Correct Answer: B) Number of subordinates. 17. Which of the following is a factor that affects a business's selection of policies to guide its operations? A) The communication skills of employees. B) The personal preferences of management. C) The nature of the business. D) The space available to display policies. Show Answer Correct Answer: C) The nature of the business. 18. Which of the following is not one of the five functions of management? A) Planning. B) Budgeting. C) Staffing. D) Controlling. Show Answer Correct Answer: B) Budgeting. 19. Which of the following is a common customer relationship management practice: A) Developing new products. B) Training employees. C) Creating a marketing budget. D) Managing the sales staff. Show Answer Correct Answer: B) Training employees. 20. When managers are grouping related tasks into departments or teams, they are A) Analyzing the external business environment. B) Allocating the company's resources. C) Determining the organizational structure. D) Instructing employees about how to spend their time. Show Answer Correct Answer: C) Determining the organizational structure. ← 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