This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 61 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 61 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Directed at organizational improvement through understanding employee motivation and behavior A) Classical management. B) Administrative management. C) Behavioral management. D) Quality managment. Show Answer Correct Answer: C) Behavioral management. 2. Having the ambition and motivation to get work done without being asked is known as A) Leadership. B) Dependability. C) Organized. D) Initiative. Show Answer Correct Answer: D) Initiative. 3. The way people get along with each other is called A) Management style. B) Human relations. C) Leadership. D) Controlling. Show Answer Correct Answer: B) Human relations. 4. Pollution can, in part, be controlled through ..... A) Recycling. B) EPA regulations. C) Following the sustainability principles. D) All of these. Show Answer Correct Answer: D) All of these. 5. Many business management and administration (BMA) careers involve dealing with employees, customers, or vendors, but which type of BMA career is all about people? A) Supply chain management. B) Human resources management. C) Operations management. D) Business analytics. Show Answer Correct Answer: B) Human resources management. 6. Which of the following is the traditional management structure? A) Horizontal. B) Pyramid. C) Expansive. D) Vertical. Show Answer Correct Answer: D) Vertical. 7. A manager worked to streamline the production process and was able to save the company several thousands of dollars. This is an example of how organizing A) Reduces waste and improves efficiency. B) Unites company goals with the mission. C) Increases employee conflict and turnover. D) Can be improved through communication. Show Answer Correct Answer: A) Reduces waste and improves efficiency. 8. There are 3 key stakeholders in Australian workplace relations. Which of the following is NOT one? A) Employees and trade unions. B) Government. C) Employers. D) Suppliers. Show Answer Correct Answer: D) Suppliers. 9. A plan that describes expected income and expenses over a period of time. A) Cash Flow Statement. B) Business Plan. C) Budget. D) Balance Sheet. Show Answer Correct Answer: C) Budget. 10. Which management function involves analyzing information, setting goals, and making decisions about what needs to be done? A) Controlling. B) Organizing. C) Planning. D) Implementing. Show Answer Correct Answer: C) Planning. 11. Unlimited liability is defined as? A) When the owner has no liability because the business is owned by another individual/company. B) When the owner has somewhat liability. C) When two individuals agree on their company's liability being shared between them. D) When the owner has full liability to the extent of their personal assets. Show Answer Correct Answer: D) When the owner has full liability to the extent of their personal assets. 12. Money provided by large investors to finance new products and new businesses A) Start-up financing. B) Venture capital. C) Short-term financing. D) Long-term financing. Show Answer Correct Answer: B) Venture capital. 13. Which of the following would not be a operating environment stakeholder? A) Employees. B) Customers. C) Trade Union. D) Creditors/banks. Show Answer Correct Answer: A) Employees. 14. A group of employees meets everyday at lunch to chat about what's going on in the office. This is an example of A) Outside communication. B) Informal communication. C) Vertical communication. D) External communication. Show Answer Correct Answer: B) Informal communication. 15. Someone who gives professional advice or offers professional services is called a(n) A) Auditor. B) Certified public accountant. C) Investment banker. D) Consultant. Show Answer Correct Answer: D) Consultant. 16. The five P's of Entrepreneurship are A) Purpose, Passion, Presence, People Profit. B) People, Profit, Passion, Planning, Purpose. C) People, Profit, Purpose, Passion, Persistence. D) Profit, Passion, Purpose, Possessions, Persistence. Show Answer Correct Answer: C) People, Profit, Purpose, Passion, Persistence. 17. How does solving difficult-customer situations benefit your company? A) It will generate repeat business. B) The difficult customers won't bother you again. C) You will get a promotion. D) All the employees will get promotions. Show Answer Correct Answer: A) It will generate repeat business. 18. Which of the following is not an advantage of global outsourcing? A) Skills that cannot be found in the home nation can be tapped. B) Jobs and economic opportunity can be provided to low economic areas. C) Opportunity to take advantage of global efficiencies. D) Opportunity for individuals of the home land to be promoted above particular jobs. Show Answer Correct Answer: D) Opportunity for individuals of the home land to be promoted above particular jobs. 19. The task word "Apply" means ..... A) Provide an explanation using examples. B) Briefly explain the concept. C) Provide a definition. D) Explain how the concept can be used in a specific business. Show Answer Correct Answer: D) Explain how the concept can be used in a specific business. 20. An industrial action in which employees do no more than the minimum required by the rules of their contract, and precisely follow all safety or other regulations, which may cause a slowdown or decrease in productivity, as they are no longer working during breaks or during unpaid extended hours A) Go slow/slow downs. B) Work-to-rule. C) Lock-out. D) Strike. Show Answer Correct Answer: B) Work-to-rule. ← 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