This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Measures the results of a process or a change such as sales, profits, and customer service levels. A) Predictive indicator. B) Post Indicator. C) Leading Indicator. D) Lagging Indicator. Show Answer Correct Answer: D) Lagging Indicator. 2. An ..... helps provide practical experience, establish professional relationships and introduce you to potential future work environments. A) Contract. B) Inventory. C) Associate's degree. D) Internship. Show Answer Correct Answer: D) Internship. 3. Misleading conduct can be shown when A) Businesses provide the product as expected. B) Businesses provide a product that is not entirely made up of what it claims. C) Businesses advertise low prices for goods. D) Businesses provide the ordered quantity of a product. Show Answer Correct Answer: B) Businesses provide a product that is not entirely made up of what it claims. 4. A business that is planning to introduce a new product will need a A) Capital budget. B) Cash budget. C) Sales budget. D) Start-up budget. Show Answer Correct Answer: D) Start-up budget. 5. Which of the follow is not an advantage of autocratic management style? A) Decision making is quick. B) Communication is direct. C) Decision making is done with employees. D) High regard for efficiency. Show Answer Correct Answer: C) Decision making is done with employees. 6. What are conceptual skills? A) Ability to speak, write, and listen effectively. B) Ability to formulate new ideas and think in abstract terms. C) Specific skills managers need to perform duties related to their area of management. D) Skills that enable a person to work effectively with others. Show Answer Correct Answer: B) Ability to formulate new ideas and think in abstract terms. 7. A partnership has ..... A) Between 1 and 20 owners. B) Between 2 and 50 owners. C) Between 2 and 20 owners. D) Between 2 and 15 owners. Show Answer Correct Answer: C) Between 2 and 20 owners. 8. Which of the following is an effect of overstaffing? A) Exhausted workers. B) Low morale. C) Inefficiency. D) Poor customer service. Show Answer Correct Answer: C) Inefficiency. 9. Fulfillment manager, import/export analyst, and inventory planner are ..... Positions? A) Business analytic. B) Office management. C) Supply chain management. D) HR Management. Show Answer Correct Answer: C) Supply chain management. 10. First-line managers deal more directly with ..... (people) than middle or top-level managers. A) Employees. B) Office supplies. C) Equipment. D) Sales revenue. Show Answer Correct Answer: A) Employees. 11. Potters Pots has a 26% share of the garden pots market in a local city. The market is worth $ 15, 000, 000 per year. What is the firm's annual sales revenue? A) $ 17, 250, 000. B) $ 1, 500, 000. C) $ 3, 900, 000. D) $ 11, 100, 000. Show Answer Correct Answer: C) $ 3, 900, 000. 12. The process of planning the physical arrangement of a facility is called A) Job Design. B) Computer Aided Manufacturing. C) Computer Aided Design. D) Facilities Layout. Show Answer Correct Answer: D) Facilities Layout. 13. What does it mean to figure out what your platform will be? A) Identify what your specific policies will be. B) Identify how you will take payment. C) Identify where your business will live online. D) Identify how you will ship your product. Show Answer Correct Answer: C) Identify where your business will live online. 14. Lean production allows a business to become more ..... A) Costly. B) Profitable. C) Efficient. D) Savvy. Show Answer Correct Answer: C) Efficient. 15. The quality of a measurement, referring to its ability to actually measure or predict what it intends to measure or predict. A) Validity. B) Reliability. C) Effectiveness. D) Efficiency. Show Answer Correct Answer: A) Validity. 16. The saying "form follows function" indicates that organizational design must fit with organizational ..... A) Image. B) Objectives. C) Facilities. D) Income. Show Answer Correct Answer: B) Objectives. 17. Which of the following Business Functions will organize production in a factory? A) Human Resource Management. B) Finance and Accounts. C) Marketing. D) Operations Management. Show Answer Correct Answer: D) Operations Management. 18. Critical skills necessary to perform the required work-related tasks of a position A) Leading. B) Hard Skills. C) Controlling. D) Soft Skills. Show Answer Correct Answer: B) Hard Skills. 19. Which one of the following is not a reason a business fails A) Lack of Money. B) Lack of time. C) Poor management skills. D) Poor location. Show Answer Correct Answer: B) Lack of time. 20. An efficiency ratio ..... A) Measures how profitable the organisation is. B) Measures how able to organisation is to pay of its short-term debts. C) Measures how well the capital invested into the company is being utilised. D) None of above. Show Answer Correct Answer: C) Measures how well the capital invested into the company is being utilised. ← PreviousNext →Related QuizzesEconomy QuizzesBusiness Management Quiz 1Business Management Quiz 2Business Management Quiz 3Business Management Quiz 5Business Management Quiz 6Business Management Quiz 7Business Management Quiz 8Business Management Quiz 9Business Management Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books