This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 45 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 45 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. This type of culture is where a few individuals retain the essential power. A) Role culture. B) Professed culture. C) Power culture. D) Person culture. Show Answer Correct Answer: C) Power culture. 2. Which of the following is a career area in marketing: A) Banking services. B) Administrative services. C) General management. D) Merchandising. Show Answer Correct Answer: D) Merchandising. 3. The selection and training of individuals for specific job functions and delegating them the assosciated responsibilities A) Staffing. B) Employment. C) Managing. D) Operations. Show Answer Correct Answer: A) Staffing. 4. Leaders have ambition and persistence in reaching goals. They are self-starters who plan what they want and do it, this is called A) Judgement. B) Intiative. C) Power. D) Reward. Show Answer Correct Answer: B) Intiative. 5. Which of the following is NOT a barrier to effective decision making? A) Panic. B) Complacency. C) Intuition. D) Indecisiveness. Show Answer Correct Answer: C) Intuition. 6. What is Company A's market share if its sales revenue amount to $ 100 million in an industry with annual sales of $ 500 million? A) 5%. B) 20%. C) 50%. D) 80$. Show Answer Correct Answer: B) 20%. 7. A disadvantage to line authority is that the managers have ..... who help with their responsibilities. A) Few employees. B) Few specialists. C) Many employees. D) Many specialists. Show Answer Correct Answer: B) Few specialists. 8. The money a business owes and the payments it makes for credit purchases are recorded in the A) Cash record. B) Depreciation record. C) Accounts payable record. D) Accounts receivable record. Show Answer Correct Answer: C) Accounts payable record. 9. Which statement is INCORRECT about firewalls? A) Firewalls use special software to screen people who enter a network. B) Firewalls use special software to screen people who exit a network. C) Firewalls are totally hacker-proof. D) Firewalls protect information from outsiders who try to break into networks. Show Answer Correct Answer: C) Firewalls are totally hacker-proof. 10. ..... is the concept that ll businesses have an obligation to operate in a way that will have a positive impact on society. A) Ethical objectives. B) Corporate social responsibility. C) Business tactics. D) Vision statement. Show Answer Correct Answer: B) Corporate social responsibility. 11. A system used to record, classify, summarize and report the financial position of a business is known as which of the following? A) Mangement. B) Distribution. C) Accounting. D) Human resources. Show Answer Correct Answer: C) Accounting. 12. Industrial markets can change due to which of the following? A) Competitor's prices. B) The economy. C) The company's social responsibility. D) Consumer behavior. Show Answer Correct Answer: D) Consumer behavior. 13. When a business publicly pledges to provide all of its customers with quick, courteous service, what is it doing? A) Making a brand promise. B) Developing a campaign platform. C) Stating industry policies. D) Establishing product position. Show Answer Correct Answer: A) Making a brand promise. 14. Labour redeployment is ..... A) Offering voluntary redundancy. B) Finding a new supplier. C) Moving employees to different jobs/location in the business. D) Implementing involuntary redundancy. Show Answer Correct Answer: C) Moving employees to different jobs/location in the business. 15. Helping individuals obtain financing for a home or borrow funds for their child to attend college are examples of duties for which business management career? A) Education administrator. B) Health service manager. C) Loan officer and counselor. D) Public relations manager. Show Answer Correct Answer: C) Loan officer and counselor. 16. A complaint is any expression of A) Dissatisfaction. B) Anger. C) Sadness. D) Gratitude. Show Answer Correct Answer: A) Dissatisfaction. 17. Steve manages employees who are highly skilled and need little supervision. Therefore, he can supervise quite a few employees at once. Steve's span of control is A) Open. B) Wide. C) Narrow. D) Tight. Show Answer Correct Answer: B) Wide. 18. A forecast or sales revenue a company expects to receive for a specified period. A) Sales budget. B) Cash budget. C) Capital budget. D) Operating budget. Show Answer Correct Answer: A) Sales budget. 19. Which of the following is not one of the 6 types of businesses? A) Partnership. B) Sole trader. C) Public companies. D) Government. Show Answer Correct Answer: D) Government. 20. The interrelationship between management styles and skills provide opportunity to assess .....? A) Whether the management is effective. B) Whether employees are satisfied. C) Whether individuals are working well. D) Whether profit is being made. Show Answer Correct Answer: A) Whether the management is effective. ← 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