This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 42 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 42 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Specific indicators that are used to measure progress or achievement. A) HR Scorecard. B) HR Metrics. C) HR Dashboard. D) HR Accounting. Show Answer Correct Answer: B) HR Metrics. 2. What does PDS stand for in terms of insurance? A) Product Differentiation System. B) Policy Disclosure System. C) Product Disclosure Statement. D) Policy Differentiation Statement. Show Answer Correct Answer: C) Product Disclosure Statement. 3. Which of the following best describes Theory X? A) Workers dislike their work and must be supervised closely. B) Workers are all self-motivated. C) Neither A or B. D) None of above. Show Answer Correct Answer: A) Workers dislike their work and must be supervised closely. 4. Although people skills are the key to become a successful HR professional, ..... skills are important as well. A) Technical. B) Writing. C) Math. D) Reading. Show Answer Correct Answer: A) Technical. 5. If there was a decrease in "rate of productivity growth" as a KPI, is this a good result or a bad result? A) Good Result. B) Bad Result. C) Neutral. D) None of above. Show Answer Correct Answer: B) Bad Result. 6. Principles of Locke & Latham's theory A) Clear, specific, challenging (not overwhelming), feedback. B) Specific, measurable, attainable, relevance, time. C) Acquire, bond, learn, defend. D) Clarity, challenge, commitment, task complexity, feedback. Show Answer Correct Answer: D) Clarity, challenge, commitment, task complexity, feedback. 7. A method of dispute resolution in which the FWC makes a legally-binding decision. A) Mediation. B) Conciliation. C) Arbitration. D) Grievance Procedure. Show Answer Correct Answer: C) Arbitration. 8. Which of the following terms refers to the flow of authority within an organization: A) Division of labor. B) Functional structure. C) Chain of command. D) Innovation. Show Answer Correct Answer: C) Chain of command. 9. Nick is the CEO of a business. The vice presidents of marketing, product development, finance, and operations all report to him, and they each have their own teams made up of several employees. This is a ..... structure. A) Matrix. B) Divisional. C) Functional. D) Specialized. Show Answer Correct Answer: C) Functional. 10. The level of management that decides the goals of the business, how to meet them and how to use the company resources is ..... A) Supervisory. B) Middle. C) Senior. D) Conceptual. Show Answer Correct Answer: C) Senior. 11. Involves comparing products or services against the products or services of competitors A) Benchmarking. B) Quality circle. C) Continuous improvement. D) Kanban. Show Answer Correct Answer: A) Benchmarking. 12. The triple bottom line, or other factors that operations managers need to consider fall into three categories: A) Economic, Psychological and Ecological. B) Economic, Etiological and Social. C) Economic, Psychological and Environmental. D) Economic, Social and Environmental. Show Answer Correct Answer: D) Economic, Social and Environmental. 13. Bryan is conducting a monthly analysis to see if his section has performed all the tasks and objectives they set for the month. A) Leading. B) Controlling. C) Planning. D) Organizing. Show Answer Correct Answer: B) Controlling. 14. Difference between current assets and current liabilities. A) Working capital. B) Depreciation. C) Liabilities. D) Accounts receivable record. Show Answer Correct Answer: A) Working capital. 15. Which function of management involves creating goals, objectives, and ways to achieve them? A) Organizing. B) Planning. C) Controlling. D) Leading. Show Answer Correct Answer: B) Planning. 16. Which of the following is probably NOT a mid-management job? A) Customer service manager. B) Information technology manager. C) Marketing manager. D) Vice-president of human resources. Show Answer Correct Answer: D) Vice-president of human resources. 17. What is leadership? A) Ability to tell people what to do. B) Ability to sit back and let people do the work. C) Ability to do whatever you want. D) Ability to influence individuals and groups to accomplish important goals. Show Answer Correct Answer: D) Ability to influence individuals and groups to accomplish important goals. 18. Laws that support organizations to take action to eliminate discrimination are A) Equal Employment Laws. B) Equal Opportune Laws. C) Equal Organizations Laws. D) Equal Opportunity Laws. Show Answer Correct Answer: D) Equal Opportunity Laws. 19. Which of the following factors should be considered by a company when developing its management strategy? A) The type and characteristics of the business. B) The type of work and the workers in the company. C) The business environment. D) All of these factors should be considered. Show Answer Correct Answer: D) All of these factors should be considered. 20. A combination of different advertising strategiesthat allows you to achieve specific goals for your product. A) Product Mix. B) Promotional Mix. C) 4 P's Mix. D) Strategy Mix. Show Answer Correct Answer: B) Promotional Mix. ← 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