This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 49 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 49 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Customers are more likely to be loyal to brands that they feel A) Have the best touch points. B) Create the most memorable slogans. C) Have the best logos. D) Share their values and beliefs. Show Answer Correct Answer: D) Share their values and beliefs. 2. Why should managers know how to do the work of the workers they supervise? A) To coordinate employees' efforts. B) To establish a chain of command. C) To create a team spirit among employees. D) To have realistic expectations for workers. Show Answer Correct Answer: D) To have realistic expectations for workers. 3. A physical item that can be touched. A) Product. B) Good. C) Service. D) None of above. Show Answer Correct Answer: B) Good. 4. "Business information management" is a term sometimes used to refer to as? A) Business Analytics. B) Office management. C) Human resources Management. D) Supply chain Management. Show Answer Correct Answer: A) Business Analytics. 5. Which task would best be performed by a worker in Accounting? A) Developing creative ideas to sell a product. B) Monitoring employees' salary information. C) Recruiting new workers to fill jobs. D) Answering phone calls and e-mails. Show Answer Correct Answer: B) Monitoring employees' salary information. 6. An advantage of Performance related pay (motivation theory) is? A) Direct financial reward to employees. B) Sanctions can act as motivator. C) Continuity of knowledge. D) Increase employee contribution. Show Answer Correct Answer: A) Direct financial reward to employees. 7. ..... financing is the money needed to pay for the current operating activities of a business. A) Long-Term. B) Owner. C) Short-Term. D) Start-up. Show Answer Correct Answer: C) Short-Term. 8. In this type of business, the owner is responsible for all debts. A) Corporation. B) Sole-Proprietorship. C) Partnership. D) Cooperative. Show Answer Correct Answer: B) Sole-Proprietorship. 9. Successful managers are A) Good communicators. B) Relationship builders. C) Decision makers. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. What does it mean to incorporate a business? A) The business has a legal name. B) The business has an ABN. C) The business becomes a separate legal entity as a company. D) The business is registered for GST. Show Answer Correct Answer: C) The business becomes a separate legal entity as a company. 11. Money provided by large investors to finance new products/businesses is known as A) Venture capital. B) Inventory. C) Small Business Administration (SBA). D) Entrepreneurship. Show Answer Correct Answer: A) Venture capital. 12. Which function of management involves motivating, directing and coordinating employees A) Leading. B) Staffing. C) Organizing. D) Controlling. Show Answer Correct Answer: A) Leading. 13. Which act regulates Social Security? A) Fair Labor Standards Act. B) Federal Unemployment Tax Act. C) Federal Insurance Contributions Act. D) State Unemployment Tax Act. Show Answer Correct Answer: A) Fair Labor Standards Act. 14. Which is NOT a career in the Business management cluster? A) General Management. B) Principal. C) Business Information Management. D) Human Resources Management. Show Answer Correct Answer: B) Principal. 15. Which of the following does not describe a typical small business? A) It is dominant in its field. B) The owner is usually the manager. C) It serves a small market. D) It operates in one or a few locations. Show Answer Correct Answer: A) It is dominant in its field. 16. Which of the following statements about leadership is true? A) Leadership is directly related to the success of the organization. B) Studies have identified certain characteristics that effective leaders possess. C) Good leadership requires excellent human relation skills. D) All of the responses. Show Answer Correct Answer: D) All of the responses. 17. Which of the following are examples of first-line management job titles: A) President, senior vice president, and chief executive officer. B) Collections supervisor, crew chief, and production supervisor. C) Company vice president, department head, and regional sales manager. D) Senior vice president, chief financial officer, and regional vice president. Show Answer Correct Answer: B) Collections supervisor, crew chief, and production supervisor. 18. Which of the following laws guaranteed men and women were given equal pay for equal work? A) The Equal Pay Act of 1963. B) The Civil Right Act of 1964. C) The Occupational Safety and Health Act of 1970. D) The Labor Standards Act of 1938. Show Answer Correct Answer: A) The Equal Pay Act of 1963. 19. The Fair Work Act 2009 established three independent government bodies to oversee and operate the Australian system of workplace relations. Which of the following is NOT one of the 3 independent government bodies? A) Fair Work Advisory. B) Fair Work Comission. C) Fair Work Ombudsman. D) Fair Work Division of the Federal Court and Federal Curcuit Court of Australia. Show Answer Correct Answer: A) Fair Work Advisory. 20. Textronics, Inc. manufactures and sells its computer chips in six countries. It employs over 8, 000 people worldwide. Which organizational structure makes the most sense for Textronics, Inc.? A) Divisional. B) Functional. C) Matrix. D) Specialized. Show Answer Correct Answer: A) Divisional. ← 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