This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 55 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 55 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Choose the statement that gives the best advice about completing a job application ..... A) Use colorful ink, because it will make your application stand out. B) Never answer questions about previous law violations. C) List previous employment beginning with your most recent job. D) Inflate your previous salary level, as they may give you more money. Show Answer Correct Answer: C) List previous employment beginning with your most recent job. 2. Why do top-level managers usually receive high salaries? A) Their decisions affect the entire company. B) They are required to attend a great many meetings. C) They have more experience than others in the company. D) Their responsibilities involve hands-on supervision. Show Answer Correct Answer: A) Their decisions affect the entire company. 3. According to the presentation, opportunities for which of the following areas are expected to increase in the next few years? A) Business information technology. B) Operations management. C) Human resources management. D) Administrative support. Show Answer Correct Answer: A) Business information technology. 4. Which of the following is not a characteristic of persuasive management style? A) Centralised system of control and authority. B) Communication is decentralised. C) Money is a main motivator for work performance. D) Communication is centralised. Show Answer Correct Answer: B) Communication is decentralised. 5. Top Level Management A) Warehouse supervisor. B) Setting goals for the future. C) Employee. D) Students. Show Answer Correct Answer: B) Setting goals for the future. 6. A report of a company's income, expenses, and profits over a certain period of time. A) Balance Sheet. B) Cash Flow Statement. C) Outlay Costs. D) Income Statement. Show Answer Correct Answer: D) Income Statement. 7. What should you do to determine whether a customer's complaint is justified? A) Restate the complaint. B) Investigate the problem. C) Take immediate action. D) Ask a supervisor. Show Answer Correct Answer: B) Investigate the problem. 8. Initiates change, such as innovations or new strategies, in the organization A) The entrepreneur,. B) The disturbance handler,. C) The resource allocator,. D) The negotiator. Show Answer Correct Answer: A) The entrepreneur,. 9. Who is most closely associated with he theory of management that focuses on identifying the most effective practices for organizing and managing a business? A) Deming. B) Fayol. C) Mayo. D) Taylor. Show Answer Correct Answer: B) Fayol. 10. Which is NOT an example of team learning? A) Team meetings where employees take on roles in a project. B) Teacher presenting to other teachers how to use Google Docs. C) A soccer team discussing game strategy. D) Employees each having to undertake an online OH & S course. Show Answer Correct Answer: D) Employees each having to undertake an online OH & S course. 11. When a leadership position is part of an organization's structure, the person holding that position has ..... influence. A) Formal. B) Informal. C) Expert. D) Identity. Show Answer Correct Answer: A) Formal. 12. The amount a retailer pays to a supplier for goods it then resells is called the A) Gross profit. B) Net profit. C) Current assets. D) Cost of goods sold. Show Answer Correct Answer: D) Cost of goods sold. 13. The MSB Company provides its customers with critical or time-sensitive product information by sending them alerts or messages through their cellular phones. What form of technology is MSB using as an element of customer relationship management? A) Dial up. B) Traditional. C) Global positioning. D) Wireless. Show Answer Correct Answer: D) Wireless. 14. What level of management would a Chief Financial Officer be in? A) Middle. B) Top. C) Lower. D) Shallow. Show Answer Correct Answer: B) Top. 15. Knowledge workers are people who A) Program computers. B) Answer questions for technology users. C) Create websites. D) Work with information. Show Answer Correct Answer: D) Work with information. 16. The fundamental guidelines for the decisions and actions of managers A) MIS. B) Management Role. C) Management Schedule. D) Management Principles. Show Answer Correct Answer: D) Management Principles. 17. When a marketing manager goes on vacation, the marketing staff does not know what tasks to do and does not feel like it can work ahead on anything. This example illustrates that A) Directors must build group dynamics. B) Directing is a continuous process. C) Directing is the starting point of action. D) Directing motivates employees. Show Answer Correct Answer: C) Directing is the starting point of action. 18. A manger whose main job is to direct the work of employees: A) Supervisor. B) Executive. C) Worker. D) Employee. Show Answer Correct Answer: A) Supervisor. 19. An advantage of using a venture capitalist is ..... A) Shareholders benefit from limited liability. B) Saves on having to purchase expensive equipment outright. C) Organisations who have a poor credit rating might be able to get finance. D) None of above. Show Answer Correct Answer: C) Organisations who have a poor credit rating might be able to get finance. 20. Functional specialists, data scientists, and business process manager are ..... Positions? A) Business Analytics. B) Office management. C) General management. D) HR management. Show Answer Correct Answer: A) Business Analytics. ← 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