This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 57 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 57 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following statements about the role of managers is true? A) Managers are responsible for the success or failure of the company. B) Managers make up the greatest percentage of employees in a business. C) Managers are responsible for completing the day-to-day work of a business. D) Managers spend most of their time planning for the future. Show Answer Correct Answer: A) Managers are responsible for the success or failure of the company. 2. Process of controlling and making decisions about an organization A) Leading. B) Managerial Roles. C) Controlling. D) Management. Show Answer Correct Answer: D) Management. 3. This type of termination involves an employee making the decision to leave the paid workforce. A) Resignation. B) Retirement. C) Dismissal. D) Redundancy. Show Answer Correct Answer: B) Retirement. 4. Maslow's hierarchy of needs states that ..... A) If something is not satisfied then they can still move onto the next level. B) You must start at the top of the pyramid and work your way down. C) Each level must be satisfied before someone can progress to the next level. D) If you do not feel satisfied with your self esteem there is no way of progressing. Show Answer Correct Answer: C) Each level must be satisfied before someone can progress to the next level. 5. Legally binding minimum requirements for wages and conditions that apply to specific industries are called? A) Contracts. B) Wage orders. C) Awards. D) Agreements. Show Answer Correct Answer: C) Awards. 6. A person who is skilled at performing calculations, has math skills for advanced analysis, and has organizational skills would be best suited to work as A) A credit analyst. B) A sales manager. C) An advertising manager. D) An administrative assistant. Show Answer Correct Answer: A) A credit analyst. 7. The systems by which an organization is administered, directed and controlled. A) Corporate Governance. B) Core Competency. C) Code of Ethics. D) Cultural Values. Show Answer Correct Answer: A) Corporate Governance. 8. To make a profit, a business's revenue has to be ..... its costs. A) Less than. B) More than. C) The same as. D) Equal to. Show Answer Correct Answer: B) More than. 9. How many hours does full time usually work per week? A) 25 hours. B) 30 hours. C) 38 hours. D) 10 hours. Show Answer Correct Answer: C) 38 hours. 10. The general term that is applied to a computer that becomes inadequate because a more efficient model comes on the market is A) Depreciation. B) Obsolescence. C) Replacement value. D) Asset book value. Show Answer Correct Answer: B) Obsolescence. 11. Stu started a new job and feels like he doesn't fit in. Which level of needs (Maslow) is not being satisfied? A) Self-Esteem. B) Social. C) Safety. D) Self-Actualisation. Show Answer Correct Answer: B) Social. 12. A ..... is usually a group of volunteers who meet to discuss ways of improving quality. A) Total quality management. B) Quality assurance. C) Quality circle. D) Benchmarking. Show Answer Correct Answer: C) Quality circle. 13. Net worth, owner's equity & stockholders' equity are all terms meaning A) Capital. B) Liabilities. C) Assets. D) Inventory. Show Answer Correct Answer: A) Capital. 14. Procedure is A) A set of rules. B) A series of actions to enable the policy to be put in practice. C) The same as the policy. D) None of above. Show Answer Correct Answer: B) A series of actions to enable the policy to be put in practice. 15. What are business people who fail to adapt their communication styles to appeal to their international clients likely to do? A) Offend the clients. B) Earn the clients' trust. C) Impress the clients. D) Persuade the clients to buy. Show Answer Correct Answer: A) Offend the clients. 16. ..... produces goods and services for the market, but operates with the primary objective of fulfilling a social need. A) Sole Trader. B) Social Enterprise. C) Government Business Enterprise. D) Partnership. Show Answer Correct Answer: B) Social Enterprise. 17. The most popular Management think of modern time is A) Mary Parkett. B) Lillian Gilberth. C) Peter Drucker. D) Elton Mayo. Show Answer Correct Answer: A) Mary Parkett. 18. What is the first step in the managerial planning process? A) Establish goals. B) Create a schedule. C) Identify tasks. D) Evaluate progress. Show Answer Correct Answer: A) Establish goals. 19. Which of the following statements about directing is true: A) Directing is considered the "heart" of management. B) Some employees do not need direction. C) Staffing is more important than directing. D) Only top-level managers participate in directing. Show Answer Correct Answer: A) Directing is considered the "heart" of management. 20. Every business begins with a(n) A) Idea. B) Customer. C) Invention. D) Profit. Show Answer Correct Answer: A) Idea. ← 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