This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 23 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 23 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Moore's Law forecasts that the amount of data that could be processed by a computer chip would A) Double about every 18 months. B) Triple about every few months. C) Double about every two years. D) Triple about every three years. Show Answer Correct Answer: A) Double about every 18 months. 2. Top-level managers are also known as A) Supervisors. B) Specialists. C) Executives. D) Coordinators. Show Answer Correct Answer: C) Executives. 3. Today, working in teams A) Is not common. B) Is a disaster. C) Common. D) Declining. Show Answer Correct Answer: C) Common. 4. Espirit de corps means ..... A) Union is strength. B) Service is our motto. C) Buyer beware. D) Product is our strength. Show Answer Correct Answer: A) Union is strength. 5. In addition to being yours and written down, strong goals must have what three qualities? A) Specific, meaningful, and have a common thread. B) Singular, measurable, and have a foundation. C) Singular, meets a need, and have a time limit. D) Specific, measurable, and have a time limit. Show Answer Correct Answer: D) Specific, measurable, and have a time limit. 6. According to the Video presentations, which of the following careers is part of the Business Information pathway? A) Data warehousing specialist. B) Recruiter. C) Development and training specialist. D) Warehouse manager. Show Answer Correct Answer: A) Data warehousing specialist. 7. One action that an ethical business can take to help build the long-term trust and loyalty of its customers is to: A) Send daily opt-in e-mail messages to customers. B) Maintain detailed information about customers' transactions. C) Sell its customer list to third parties without permission. D) Implement a comprehensive customer privacy policy. Show Answer Correct Answer: D) Implement a comprehensive customer privacy policy. 8. Why do businesses need to advertise? A) To keep loyal customers. B) To take customers from competitors by tempting them to try a new product or service. C) Both options. D) None of above. Show Answer Correct Answer: C) Both options. 9. Manager A) An employee whose overall job is to make sure that the organization meets its goals and obligations. B) An employee that runs the warehouse & operational activities. C) Direct control of the entire business/. D) People who are responsible for setting requirements. Show Answer Correct Answer: A) An employee whose overall job is to make sure that the organization meets its goals and obligations. 10. A pricing strategy is: A) Not worth worrying about until you generate a lot of customers. B) Determined by the consumer. C) The pricing policies or methods used by a business when deciding what to charge for its products. D) None of the above. Show Answer Correct Answer: C) The pricing policies or methods used by a business when deciding what to charge for its products. 11. Which of the following is the main purpose of management A) To obtain the needed resources. B) To reach a specific level of productivity. C) To accomplish the business's goals. D) To create a pleasant working atmosphere. Show Answer Correct Answer: C) To accomplish the business's goals. 12. What is the primary function of the Random Access Memory (RAM) component of a computer? A) Serves as a temporary holding area for files and programs. B) Reads the computer code that provide visual effects. C) Stores data and programs permanently. D) Enables the user to apply point and click commands. Show Answer Correct Answer: A) Serves as a temporary holding area for files and programs. 13. Which of the following is the term used to describe a barrier preventing minorities and women from rising to positions of power or responsibility? A) Glass ceiling. B) Steel curtain. C) Hard hurdle. D) Career ladder jobs, Careers & Education. Show Answer Correct Answer: A) Glass ceiling. 14. A corporation that owns a group of unrelated companies is called a A) Pool. B) Monopoly. C) Conglomerate. D) Corporation. Show Answer Correct Answer: C) Conglomerate. 15. Which of the following is the term used to describe the level to which someone is likely to gain employment and be successful in a career? A) Work-life balance. B) Flexibility. C) Employability. D) Morale. Show Answer Correct Answer: C) Employability. 16. Which of the following is a benefit of customer relationship management: A) The opportunity to create targeted marketing campaigns. B) A work force that does not commit errors. C) A decrease in customer advocacy. D) The ability to double the business's profits. Show Answer Correct Answer: A) The opportunity to create targeted marketing campaigns. 17. The money a business collects from sales is called ..... A) Gross balance. B) Profit. C) Revenue. D) Salary. Show Answer Correct Answer: C) Revenue. 18. Define level of staff turnover? A) The rate in which employees leave the business. B) The rate in which employees don't turn up to work. C) The amount of spins an employee can do in one minute. D) The rate in which employees leave the business and replaced. Show Answer Correct Answer: D) The rate in which employees leave the business and replaced. 19. Public listed companies can have up to ..... A) 20 shareholders. B) 50 shareholders. C) 200 shareholders. D) No maximum number of shareholders. Show Answer Correct Answer: D) No maximum number of shareholders. 20. Planning has three stages A) Strategic, tactical & operational. B) Briefing, tactical & operational. C) Summary, tactical & operational. D) Appraisal, strategic & tactical. Show Answer Correct Answer: A) Strategic, tactical & operational. ← 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