This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 24 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The practice of contracting with outside specialists to perform selected human resource functions. A) Off-shoring. B) Contracting. C) Consulting. D) Outsourcing. Show Answer Correct Answer: D) Outsourcing. 2. Which of the following is the best definition of a 'business'? A) Any organization involved in the production of a good or the provision of a service. B) A company that strives to earn profit for its owners. C) Any organization that undertakes the selling of goods. D) Any organization that employs workers. Show Answer Correct Answer: A) Any organization involved in the production of a good or the provision of a service. 3. This person would work in the personnel department of a business. He/She would be resp0onsible for hiring new employees. A) Construction. B) Educational Administrator. C) Human Resources. D) Administrative Services. Show Answer Correct Answer: C) Human Resources. 4. Which of the following is NOT one of the two levels of analysis used to determine what is required? A) Persona analysis. B) Organisational analysis. C) Goal analysis. D) Task analysis. Show Answer Correct Answer: C) Goal analysis. 5. Which is NOT an area of management responsibility A) Sales and marketing. B) Corporate social responsibility. C) Technology support. D) Human resources. Show Answer Correct Answer: B) Corporate social responsibility. 6. Roughly what percentage of new jobs are created by businesses with fewer than 500 employees? A) 80 Percent. B) 60 Percent. C) 20 Percent. D) 40 Percent. Show Answer Correct Answer: A) 80 Percent. 7. The ..... management function involves identifying & arranging the work and resources needed to achieve the goals that have been set. A) Organizing. B) Controlling. C) Planning. D) Staffing. Show Answer Correct Answer: A) Organizing. 8. When a manager gives guidance to employees to perform their tasks, he or she is said to be performing the task of ..... A) Planning. B) Organizing. C) Staffing. D) Leading. Show Answer Correct Answer: D) Leading. 9. ..... refers to a form of business that has a social purpose. The a ims may include improving human, social, or environmental well-being. A) Public corporation. B) Sole Proprietorship. C) Social Enterprises. D) Partnerships. Show Answer Correct Answer: C) Social Enterprises. 10. Mark feels like his hard work is never recognised. Which level of needs (Maslow) is not being satisfied? A) Self-Esteem. B) Social. C) Self-Actualisation. D) Physiological. Show Answer Correct Answer: A) Self-Esteem. 11. To create a pleasant working atmosphere A) To serve as a link between top-level and first-line management. B) To establish long-term objectives for the company. C) To make sure projects meet deadlines. D) To prepare workers' daily schedules. Show Answer Correct Answer: A) To serve as a link between top-level and first-line management. 12. When a project's scope slowly gets bigger and bigger, it creates a challenge for project managers known as A) Project creep. B) Resource deficiency. C) Communication gap. D) Budget overage. Show Answer Correct Answer: A) Project creep. 13. Supply chain network design improves service and reduces cost by aligning purchasing, production, warehousing, inventory, and A) The sales force. B) Marketing. C) Transportation. D) Promotion. Show Answer Correct Answer: C) Transportation. 14. The most flexible organizational structure for a business is the A) Line organization. B) Matrix organization. C) Line-and-staff organization. D) Centralized organization. E) True. Show Answer Correct Answer: B) Matrix organization. 15. A manager is most likely to use financial reports to A) Decider whether to continue operations. B) Detect fraudulent practices. C) Decide on the terms of a business loan. D) Make day-to-day decisions. Show Answer Correct Answer: D) Make day-to-day decisions. 16. Which of the following is not a specific strategy to improve quality in production A) Quality control. B) Quality focus. C) Quality assurance. D) Total quality management. Show Answer Correct Answer: B) Quality focus. 17. If there is an irreconcilable difference between the company's checkbook and the bank balance, the accountant should: A) Make an adjustment to Miscellaneous Expense. B) Contact the bank. C) Wait until next month's statement arrives. D) Close the account. Show Answer Correct Answer: B) Contact the bank. 18. When considering where to locate, these are the factors that may make setting up or relocating abroad an attractive option for businesses A) Globalization. B) Push. C) Pull. D) Extension. Show Answer Correct Answer: C) Pull. 19. Small businesses are sometimes referred to as which of the following? A) All in the family businesses. B) Father and son businesses. C) Family owned and operated. D) Mom and pop businesses. Show Answer Correct Answer: D) Mom and pop businesses. 20. Strategic planning A) Is short-term planning. B) Determines how work will be done and who will do it. C) Short specific statement of purpose. D) Provides broad goals and direction for the business. Show Answer Correct Answer: D) Provides broad goals and direction for the business. ← 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