This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 27 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 27 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which principle of organizational design states that authority should flow in a clear, unbroken line from the top of an organization to the bottom? A) Span of control. B) Staff authority. C) Responsibility. D) Scalar principle. Show Answer Correct Answer: D) Scalar principle. 2. Define 'working capital' A) How easily an organisation can pay its short term debts. B) Payment to shareholders for having shares in a company. C) Selling shares on the stock market. D) None of above. Show Answer Correct Answer: A) How easily an organisation can pay its short term debts. 3. Which of the following is one way business can be categorized? A) By product. B) By demographic. C) By width. D) By salary. Show Answer Correct Answer: A) By product. 4. A democratic leader A) Makes all of the decisions. B) Lets each employee decide how work will be done. C) Encourages shared decision-making,. D) Does not make decisions. Show Answer Correct Answer: C) Encourages shared decision-making,. 5. When the hybrid vehicle was introduced, it was an example of a project that A) Created new technology. B) Enhanced an existing project. C) Created a new product using existing technology. D) Used entirely new technology. Show Answer Correct Answer: D) Used entirely new technology. 6. Management is the art and science of decision making and leadership ..... A) Harold Koontz. B) Donald J. Clough. C) Louis Allan. D) Terry. Show Answer Correct Answer: B) Donald J. Clough. 7. Tony works for a large insurance company. His job is to support the company president, schedule his/her appointments, and answer his/her phone calls. Tony works in A) Human resource management. B) Administrative services. C) Marketing communications. D) Operations management. Show Answer Correct Answer: B) Administrative services. 8. An innovation so important that it may change the industry itself A) Research and development. B) Positioning innovation. C) Paradigm innovation. D) Product innovation. Show Answer Correct Answer: C) Paradigm innovation. 9. Question 11 (1 point)What occurs in the planning function of management? A) Deciding what needs to be done and how it will be accomplished. B) Coordinating all those involved to achieve the company of departmental goals. C) Comparing what was planned with the actual performance. D) Delegating duties to other employees in the company. Show Answer Correct Answer: A) Deciding what needs to be done and how it will be accomplished. 10. Which of the following is not a KPI from our study design A) Staff Turnover. B) Percentage of Market Share. C) Benchmarking. D) Net Profit. Show Answer Correct Answer: C) Benchmarking. 11. Which of the following is not an aim of quality management? A) Minimise waste and defect rates. B) Achieve set quality standards. C) Obtain consistently high standards of product. D) Find strategies to optimise operations by cutting corners. Show Answer Correct Answer: D) Find strategies to optimise operations by cutting corners. 12. Price for products that are popular often will ..... A) Remain constant. B) Be priced higher. C) Supply less. D) Be worth less. Show Answer Correct Answer: B) Be priced higher. 13. What management function is being described in the following situation:David Thomas, a top-level manager, identifies jobs to be performed, assigns responsibility for them, establishes departments to handle the jobs, and determines how many and which employees mid-level managers will supervise. A) Directing. B) Controlling. C) Planning. D) Organizing. Show Answer Correct Answer: D) Organizing. 14. Which of the following is a true statement regarding project managers: A) Anyone with the right skills can be a project manager. B) Project managers are usually top-level executives. C) Math and computing are the most important skills for project managers. D) Project managers are only distantly involved in the project. Show Answer Correct Answer: A) Anyone with the right skills can be a project manager. 15. The manner and approach of providing direction, plans and motivation is called? A) Management Direction. B) Management Style. C) Decision Making. D) Management Decision. Show Answer Correct Answer: B) Management Style. 16. Rich works the cash register at a retail store. The store is unusually busy today, and Rich'sline has grown long. A woman at the back of the line remarks loudly, "This is absolutelyridiculous!" Rich's customer is A) Domineering/superior. B) Impatient. C) Argumentative. D) Leave-me-alone. Show Answer Correct Answer: B) Impatient. 17. What is human relations? A) Is the way people get along with each other. B) Is the way people don't get along together. C) The way human relationships work. D) The way people argue. Show Answer Correct Answer: A) Is the way people get along with each other. 18. At work, Amanda makes sure she resolves conflict quickly and listens to all sides. What is she accomplishing? A) Conflict management as a team member. B) Conflict management as a leader. C) Ethical decision making. D) Goal setting. Show Answer Correct Answer: B) Conflict management as a leader. 19. What type of business structure consists entirely of work group and teams which perform an organization's work? A) Team-based structure. B) Organizational structure. C) Group structure. D) None of above. Show Answer Correct Answer: A) Team-based structure. 20. A ..... structure is composed of self-contained units or divisions. A) Simple. B) Divisional. C) Matirx. D) Learning. Show Answer Correct Answer: B) Divisional. ← 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