This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 36 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 36 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Most managers carry out ..... different functions of management. A) One. B) Two. C) Three. D) Four. Show Answer Correct Answer: D) Four. 2. Which of the following is not a key issue that can be addressed in global sourcing? A) Local labour costs. B) Environmental Impact. C) Tariffs/tax. D) Efficiency. Show Answer Correct Answer: D) Efficiency. 3. This person is responsible for managing and organizing the tasks relating to a funeral service, including organizing transportation to the cemetery and publishing obituaries. A) Hotel manager. B) Farm operator and manager. C) Construction manager. D) Funeral director. Show Answer Correct Answer: D) Funeral director. 4. The three elements of an operations system are A) Unfreeze, Movement, Refreeze. B) Technology, Quality, Materials Management. C) Inputs, Processes, Output. D) Resources, Labour, Product. Show Answer Correct Answer: C) Inputs, Processes, Output. 5. Which of the following is not a step in resource orchestration? A) Select team members. B) Develop new products. C) Assign team roles. D) Build team cohesion. Show Answer Correct Answer: B) Develop new products. 6. The process of setting goals and deciding how to accomplish them is A) Organizing. B) Creating. C) Planning. D) Absorbing. Show Answer Correct Answer: C) Planning. 7. Expensive assets that are expected to last and be used a long time. A) Fixed assets. B) Working capital. C) Capital budget. D) Liabilities. Show Answer Correct Answer: A) Fixed assets. 8. Lean production is based on .....? A) Just in time, Kaizen & Automation. B) Technology, Just In Time, Operations. C) Just in time, Kaizen & Robotics. D) TQM, JIT & Automation. Show Answer Correct Answer: A) Just in time, Kaizen & Automation. 9. Transforms primary resources into manufactured goods for sale A) Primary Sector. B) Secondary Sector. C) Tertiary Sector. D) Quaternary Sector. Show Answer Correct Answer: B) Secondary Sector. 10. Which term describes the total sales of all the producers in a market? A) Market size. B) Market power. C) Sales Efficiency. D) Concentration Ratio. Show Answer Correct Answer: A) Market size. 11. Which of the following is a pull factor impacting globalization on a business's location? A) Reduce costs. B) Increase market share. C) Use extension strategies. D) Deregulation of the world's financial markets. Show Answer Correct Answer: D) Deregulation of the world's financial markets. 12. CPD stands for A) Containing Professional Development. B) Counting people development. C) Continuing professional development. D) None of above. Show Answer Correct Answer: C) Continuing professional development. 13. The capacity utilization rate is calculated by A) Actual input/productive capacity X 100. B) Estimated ouput/productive capacity X 100. C) Estimated input/productive capacity X 100. D) Actual output/productive capacity X 100. Show Answer Correct Answer: D) Actual output/productive capacity X 100. 14. A ..... is an agreement between two parties to carry out a transaction, such as the sale of goods from a seller to buyer. A) Patent. B) Regulation. C) Copyright. D) Contract. Show Answer Correct Answer: D) Contract. 15. Which level of needs (Maslow) could be satisfied by extending employee contracts? A) Self-Esteem. B) Social. C) Safety. D) Self-Actualisation. Show Answer Correct Answer: C) Safety. 16. Product is? A) Non of them. B) The goods and service combination the business offers to the market. C) Main methods are truck, rail, ship, or air. D) None of above. Show Answer Correct Answer: B) The goods and service combination the business offers to the market. 17. Which of the following is not one of Mintzberg's three categories of managerial roles? A) Supervisory. B) Interpersonal. C) Decisional. D) Informational. Show Answer Correct Answer: A) Supervisory. 18. A chain of command must have unity of command, which means that A) Authority should flow from the top of the organization down. B) Employees should only report to one supervisor. C) Employees should focus on tasks related to one skill. D) The company should be organized in functional departments. Show Answer Correct Answer: B) Employees should only report to one supervisor. 19. With this method of appraisal, individual employees reflect on their own performance. A) Formative. B) Upward appraisal. C) Summative. D) Self-appraisal. Show Answer Correct Answer: D) Self-appraisal. 20. A program that assists in locating information on networks. A) Search engine. B) Executive information system. C) Management information system. D) Web-hosting service. Show Answer Correct Answer: A) Search engine. ← 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