This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 63 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 63 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How many stages are their in Locke and Latham's goal setting cycle? A) 2. B) 3. C) 4. D) 5. Show Answer Correct Answer: D) 5. 2. Termination of an employee where there is no longer sufficient work for them to perform is called? A) Redundancy. B) Retrenchment. C) Being fired. D) Termination. Show Answer Correct Answer: A) Redundancy. 3. A human resource accounting measure that represents the costs of recruiting, selecting, and training the present employees. A) Outlay Cost. B) Human Resource Accounting. C) HR Metrics. D) Core Competency. Show Answer Correct Answer: A) Outlay Cost. 4. ..... is an incorporated business with a minimum of two, and a maximum of 50 private Shareholders. A) Public company. B) Private limited company. C) Partnership. D) Social Enterprise. Show Answer Correct Answer: B) Private limited company. 5. The process of collecting HR metrics and presenting them to managers in a useful format. Sometimes referred to as an HR scorecard. A) HR Metrics. B) HR Scorecard. C) HR Dashboard. D) HR Competencies. Show Answer Correct Answer: C) HR Dashboard. 6. Which style is often most appropriate when decisions need to be made quickly? A) Autocratic. B) Consultative. C) Participative. D) Laissez-faire. Show Answer Correct Answer: A) Autocratic. 7. Which of the following is a function of knowledge mapping software A) Querying data to retrieve information. B) Locating the person with the most knowledge on a particular subject. C) Preventing former employees from accessing company knowledge. D) Seeing who is responsible for a task. Show Answer Correct Answer: B) Locating the person with the most knowledge on a particular subject. 8. Middle Level Management A) Carries out decisions from top level management. B) Also known as the CEO or President. C) Responsible for day to day activities. D) None of above. Show Answer Correct Answer: A) Carries out decisions from top level management. 9. What can cause changes in industrial markets? A) Consumer behavior. B) Colorful behavior. C) Cooperative behavior. D) None of above. Show Answer Correct Answer: A) Consumer behavior. 10. Which financial ratio shows whether a firm can meet its current debts comfortably? A) Return on sales. B) Inventory turnover. C) Current ratio. D) Return on investment. Show Answer Correct Answer: C) Current ratio. 11. Change in a business can have an impact on ..... stakeholders A) No. B) Some. C) Many. D) All. Show Answer Correct Answer: D) All. 12. Type of influence one has because others think he/she has their best interests in mind. A) Identity influence. B) Reward influence. C) Expert influence. D) Position influence. Show Answer Correct Answer: A) Identity influence. 13. When a business communicates customer-centric values and ideals to its employees on a consistent basis, it is developing its A) Corporate culture. B) Organizational structure. C) Technology. D) Trademarks. Show Answer Correct Answer: A) Corporate culture. 14. ..... is an extension of subcontracting, however, it involves using a business outside the home country. A) Outsourcing. B) Relocating. C) Locating. D) Offshoring. Show Answer Correct Answer: D) Offshoring. 15. This management function includes setting standards for work, evaluating performances and solving problems that prevent certain task from being completed. A) Planning. B) Organizing. C) Leading. D) Controlling. Show Answer Correct Answer: D) Controlling. 16. This process deals with the ongoing process of setting performance standards, measuring them, and comparing them for future goals. A) Controlling. B) Organizing. C) Directing. D) Planning. Show Answer Correct Answer: A) Controlling. 17. An analysis that examines the political, economic, social, and technological factors in an organization's environment. A) Competitor Analysis. B) Regression Analysis. C) SWOT Analysis. D) PEST Analysis. Show Answer Correct Answer: D) PEST Analysis. 18. Examples of top level managers include all the following except ..... A) CEO (Chief Executive officer). B) CFO (Chief Financial Officer). C) President. D) All of them are top level managers. Show Answer Correct Answer: D) All of them are top level managers. 19. In which Career Cluster are librarians classified? A) Business Management & Administration. B) Information Technology. C) Education and Training. D) Hospitality and Tourism. Show Answer Correct Answer: C) Education and Training. 20. The driving force of business, provided by risk-taking individuals which combines the other factors of production is called A) Land. B) Labor. C) Capital. D) Enterprise. Show Answer Correct Answer: D) Enterprise. ← 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