This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 51 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 51 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Henry Fayol laid down..... A) 12 principles. B) 13 principles. C) 14 principles. D) 15 principles. Show Answer Correct Answer: C) 14 principles. 2. Which of the following segments of the manufacturing industry is the only one to expect job growth? A) Coordination and inspection. B) Production and assembly. C) Installation, maintenance and repair. D) All manufacturing jobs are expected to decline. Show Answer Correct Answer: C) Installation, maintenance and repair. 3. The obligation to do an assigned task A) Authority. B) Responsibility. C) Accountability. D) Productivity. Show Answer Correct Answer: B) Responsibility. 4. Which of the following is an example of intellectual capital: A) RSS feeds. B) Wikis. C) Video conferencing. D) Search. Show Answer Correct Answer: C) Video conferencing. 5. A sign or indication of something that appears to be the problem A) Solution. B) Feedback. C) Cause. D) Symptom. Show Answer Correct Answer: D) Symptom. 6. ..... is power to carry out a task and make decisions. A) Delegation. B) Micromanagement. C) Efficiency. D) Authority. Show Answer Correct Answer: D) Authority. 7. Which of the following is an example of a project that enhanced an existing product: A) The construction of the Empire State Building. B) A medication that cures a life-threatening illness. C) A software update for your computer. D) The sequel to your favorite movie. Show Answer Correct Answer: C) A software update for your computer. 8. A(n) ..... exists when only one company provides a product or service without competition from other companies. A) Oligopoly. B) Monopoly. C) Price discrimination. D) None of these. Show Answer Correct Answer: B) Monopoly. 9. What type of requirements for business careers varies greatly depending on the specific job? A) Educational. B) Personal. C) Social. D) Financial. Show Answer Correct Answer: A) Educational. 10. ..... is the movement of employees in and out of a business over a given period of time A) Unemployment. B) Downshifting. C) Labour Turnover. D) Redundancy. Show Answer Correct Answer: C) Labour Turnover. 11. A carefully developed overall approach to leading an organization: A) Management strategy. B) Management science. C) Industrial Revolution. D) Business competition. Show Answer Correct Answer: A) Management strategy. 12. Local government by-laws ensure that everyone is trading fairly. Which of the following are examples of local government by-laws? A) Trade practices Act. B) Food trading regulations. C) Road safety Act. D) OHS Act. Show Answer Correct Answer: B) Food trading regulations. 13. One thing all successful entrepreneurs have in common, regardless of industry, is A) Athleticism. B) Passion. C) Closed-mindedness. D) Negativity. Show Answer Correct Answer: B) Passion. 14. Laissez-Faire management style is also called A) Structured approach. B) Authoritative approach. C) Hands off style. D) Individual approach. Show Answer Correct Answer: C) Hands off style. 15. Preston wants to be an accountant. When he decides on a college education, which would be the best choice for this career? A) Community college with an earned associate's degree. B) State college with an earned bachelor's degree. C) Graduate school with an earned master's degree. D) Graduate school with an earned doctorate degree. Show Answer Correct Answer: B) State college with an earned bachelor's degree. 16. Professionals in Business Information Management gather ..... and market trends, create and manage large databases, and analyze data in order to help managers make organizational decisions. A) Surveys. B) Financial information. C) Personal information. D) Data. Show Answer Correct Answer: B) Financial information. 17. An asset pledged that will be claimed by the lender if the loan is not repaid A) Home mortgage. B) Collateral. C) Insurance. D) Venture capital. Show Answer Correct Answer: B) Collateral. 18. One advantage an entrepreneur gains by forming a corporation to raise capital is ..... A) The number of owners remains the same. B) The entrepreneur's personal assests have greater protection. C) The entrepreneur still retains all profits earned. D) The corporation has no need for using debt capital. Show Answer Correct Answer: B) The entrepreneur's personal assests have greater protection. 19. This manager helps to create and communicate a positive image for the company. A) Human resources. B) Health services manager. C) Hotel manager. D) Public relations manager. Show Answer Correct Answer: D) Public relations manager. 20. What is NOT an example of a service firm? A) Manufacturer. B) Education. C) Landscaping. D) Accounting. Show Answer Correct Answer: A) Manufacturer. ← 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