This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 40 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 40 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Controlling A) Keeping the company on track. B) Deciding how the company will meet goals. C) Setting all goals. D) Resolving conflict. Show Answer Correct Answer: A) Keeping the company on track. 2. Which of the following is a true statement about projects: A) They rely on traditional management structures. B) They create goods, not services. C) They are short-term undertakings. D) Their processes are more important than their results. Show Answer Correct Answer: C) They are short-term undertakings. 3. Microsoft program used in business to store and sort data. A) WORD. B) EXCEL. C) POWERPOINT. D) None of above. Show Answer Correct Answer: B) EXCEL. 4. The lowest level of management is A) Supervisory management. B) Middle management. C) Senior management. D) Upper management. Show Answer Correct Answer: A) Supervisory management. 5. Which of the following is no longer a consideration in customers' buying decisions for many products: A) Store location. B) Price. C) Quality. D) Customer service. Show Answer Correct Answer: B) Price. 6. Kate works closely with all the company's departments to develop computer software programs that enhance the business's ability to communicate and obtain data. Kate works in the area of A) Corporate management. B) Marketing communications. C) Business information technology. D) Insurance and risk management. Show Answer Correct Answer: C) Business information technology. 7. A statement of financial position that reports a company's assets, liabilities, and equity as of a specific point in time, such as the end of the company's fiscal year. A) Cash Flow Statement. B) Balance Sheet. C) Income Statement. D) Outlay Costs. Show Answer Correct Answer: B) Balance Sheet. 8. Brenda and Alan are meeting with new employees to explain the company's aims and objectives to them. Which function of management is this? A) Planning. B) Leading. C) Organizing. D) Controlling. Show Answer Correct Answer: B) Leading. 9. Which of the following statements regarding a business plan is true? A) It never needs to be revised. B) A business plan is not necessary. C) It should be revised yearly. D) Lenders don't consider them when funding a business. Show Answer Correct Answer: C) It should be revised yearly. 10. A company has a goal to launch a new product. After setting this goal, company management needs to A) Design an organizational chart. B) Determine the work needed to accomplish it. C) Assign tasks to different departments. D) Evaluate the effectiveness of this goal. Show Answer Correct Answer: B) Determine the work needed to accomplish it. 11. Emphasizing customer service can help a business to be: A) Competitive. B) Innovative. C) Objective. D) Possessive. Show Answer Correct Answer: A) Competitive. 12. What is it called when there is a commitment to an organisation conducting their business in an ethical manner and take responsibility for social, economic and environmental consequences and situations-now and in the future. A) Responsibility of Socials. B) Social Corporate Responsibility. C) Corporate Social Responsibility. D) Responsibility. Show Answer Correct Answer: B) Social Corporate Responsibility. 13. This is an overall summary, or a sales pitch, of all your business offers. A) Business plan. B) Mission statement. C) Executive summary. D) Marketing plan. Show Answer Correct Answer: C) Executive summary. 14. Checking products against quality standards at regular intervals is known as A) Quality Assurance. B) Quality Control. C) Total Quality Management. D) Common Sense. Show Answer Correct Answer: B) Quality Control. 15. Which of the following supply chain collaboration techniques helps a company reduce transportation costs: A) Reduced supply costs. B) Integrated IT solutions. C) Shipment consolidation. D) Reduced inventory levels. Show Answer Correct Answer: C) Shipment consolidation. 16. Two managers who possess the same leadership qualities will probably respond to a specific situation in A) Exactly the same way. B) Different ways. C) According to their positional power. D) All of the responses. Show Answer Correct Answer: B) Different ways. 17. Supervisors who use ..... management are more directive and controlling. A) Strategic. B) Tactical. C) Ethical. D) Formal. Show Answer Correct Answer: B) Tactical. 18. Which of the following is an example of a non-profit organization? A) Beauty Salon. B) Salvation Army. C) ITT Technical Institute. D) Amazon. Show Answer Correct Answer: B) Salvation Army. 19. Which type of sampling involves the first group surveyed suggesting other people they know to participate in a similar survey? A) Snowballing. B) Stratified sampling. C) Cluster sampling. D) Random sampling. Show Answer Correct Answer: A) Snowballing. 20. Which career pathway describes the two main aspects of the Business, Management, and Administration career cluster? A) Management and Budgeting. B) Secretarial and Administration. C) Management and Administration. D) Marketing and Business. Show Answer Correct Answer: C) Management and Administration. ← 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