This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 56 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 56 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Parker is worried about losing his job. Which level of needs (Maslow) is not being satisfied? A) Self-Esteem. B) Social. C) Safety. D) Self-Actualisation. Show Answer Correct Answer: C) Safety. 2. To determine whether or not a company is a good loan risk, lenders often review its A) Tax returns. B) Financial ratios. C) Capital budget. D) Cash flow. Show Answer Correct Answer: B) Financial ratios. 3. Which of the following statements is TRUE about the relationship between data and information? A) Data are used to create information. B) The terms data and information are interchangeable. C) Information is broken down into data so that they can be processed. D) There is no relationship between data and information. Show Answer Correct Answer: A) Data are used to create information. 4. The free enterprise system, which operates in a democracy, is called ..... A) Capitalism. B) Communism. C) Socialism. D) Free market. Show Answer Correct Answer: A) Capitalism. 5. In order to keep track of all the financial information that is useful to management, you will need a (n): A) Accounting system. B) Document management system. C) HR person. D) IT person. Show Answer Correct Answer: A) Accounting system. 6. A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating A) Natural talent. B) Technical skills. C) Creativity. D) Aggressive behavior. Show Answer Correct Answer: B) Technical skills. 7. What is something that a leader would say? A) "you better get it right next time!". B) "Don't mind. We will get it next time.". C) "Where is all that work you did? What do you have to show for? ". D) "Is this all you can do? ". Show Answer Correct Answer: B) "Don't mind. We will get it next time.". 8. One of the hallmarks of a global economy is ....., which occurs when nations combine to form a common market as a free trade area A) Economic integration. B) Economic dislocation. C) Boundary readjustment. D) Fiscal redefinition. Show Answer Correct Answer: A) Economic integration. 9. Department manager, small business manager, and regional manager are ..... positions. A) General management. B) Supply chain management. C) Business analytics. D) Operations management. Show Answer Correct Answer: A) General management. 10. Most businesses today are looking for employees wh have at least basic ..... skills. A) Computer. B) Legal. C) Management. D) Accounting. Show Answer Correct Answer: A) Computer. 11. In this function, managers must bring together the various resources to achieve objectives. In manay businesses, many different activities are going on so the manager should ..... A) Plan. B) Coordinate. C) Organize. D) Command. Show Answer Correct Answer: B) Coordinate. 12. In China, the Shanghai Disney Resort is owned 47% by the Walt Disney Company with the Chinese government owning the remaining 53% majority stake A) PPP. B) PLC. C) Private Limited Companies. D) Companies Corporations. Show Answer Correct Answer: A) PPP. 13. Management is ..... A) An art. B) A science. C) An art and a science. D) An art not science. Show Answer Correct Answer: C) An art and a science. 14. Brand promise helps to increase brand awareness and brand A) Loyalty. B) Personality. C) Character. D) Value. Show Answer Correct Answer: A) Loyalty. 15. Section three of a business plan describes which of the following? A) Financial plan. B) Organization and marketing plan. C) Business description and analysis. D) Promotional activities. Show Answer Correct Answer: A) Financial plan. 16. A ..... is when employees refuse to work any more than their contracted hours. A) Strike. B) Lock-out. C) Overtime ban. D) Work-to-rule. Show Answer Correct Answer: C) Overtime ban. 17. The social values that are shared among the members of an organization and tend to regulate their individual behaviors and induce collective conformity. A) Shared Norms. B) Cultural Values. C) Code of Ethics. D) Cultural Artifacts. Show Answer Correct Answer: B) Cultural Values. 18. Which of the following is a cultural factor affecting job opportunities? A) Population growth. B) Changing labor laws. C) Increased diversity. D) Artificial intelligence. Show Answer Correct Answer: C) Increased diversity. 19. Just one person would likely be responsible for all of the management functions in a A) New small business. B) Partnership. C) Large corporation. D) Multinational company. Show Answer Correct Answer: A) New small business. 20. The main strategies associated with Materials Management include A) JIT, MPS, MRP, Analysing. B) JIT, TQM, Quality Control, Quality Assurance. C) JIT, MRP, MSP, Analysing. D) Forecasting, MRP, JIT, MPS. Show Answer Correct Answer: D) Forecasting, MRP, JIT, MPS. ← 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