This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 66 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 66 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The selling price is the amount of money that a buyer pays and the seller ..... for a good or service. A) Earns. B) Loses. C) Finds. D) Receives. Show Answer Correct Answer: D) Receives. 2. A multinational company would like to establish a factory in a new country. It does not have the resources to research the entire population of the country. What is the most appropriate form of sampling it should carry out? A) Cluster. B) Convenience. C) Snowballing. D) Quota. Show Answer Correct Answer: A) Cluster. 3. Which of the following types of managers tends to focus on the organization as a whole and are concerned mainly with long-term planning? A) Lower level managers. B) Middle level managers. C) Top level managers. D) First line managers. Show Answer Correct Answer: C) Top level managers. 4. Which of the following is an example of a brick and mortar store? A) Foot Locker. B) Amazon. C) Zappos. D) Nike.com. Show Answer Correct Answer: A) Foot Locker. 5. ..... may happen when a business no longer has any work for an employee, caused by factors such as a recession or relocation of the business. A) Dismissal. B) Termination. C) Retirement. D) Redundancy. Show Answer Correct Answer: D) Redundancy. 6. The number of shares of stock to be issued by a corporation is determined by ..... A) Common stockholders. B) Preferred stockholders. C) Company executives. D) The board of directors. Show Answer Correct Answer: D) The board of directors. 7. Brand promise connects to customers on a(n) ..... level. A) Intellectual. B) Social. C) Logical. D) Emotional. Show Answer Correct Answer: D) Emotional. 8. What type of utility exists when a food processor converts peanuts to peanut butter? A) Possession. B) Time. C) Place. D) Form. Show Answer Correct Answer: D) Form. 9. Which of the following is a true statement regarding a project champion: A) S/He is closely involved in the work of the project. B) S/He is the same person as the project manager. C) S/He can mobilize the necessary resources to get the project done. D) S/He is usually a low-ranking employee in the business. Show Answer Correct Answer: C) S/He can mobilize the necessary resources to get the project done. 10. Commercial trade between nations through free market principles without regulation A) Export. B) Fair trade. C) Import. D) Free trade. Show Answer Correct Answer: D) Free trade. 11. Which of the following is an example of a post-sale touch point: A) The product itself. B) Customer loyalty program. C) Advertising. D) Publicity. Show Answer Correct Answer: B) Customer loyalty program. 12. Managers allow employees a great deal of control over their own work and do not supervise them closely if the managers believe that employees A) Enjoy their work. B) Dislike their work. C) Are having personal problems. D) Understand their work. Show Answer Correct Answer: A) Enjoy their work. 13. How does organizing provide a sense of security for employees? A) They know exactly what is expected of them. B) They do not have to duplicate work. C) They know how their work supports company goals. D) They do not have to report to anyone. Show Answer Correct Answer: A) They know exactly what is expected of them. 14. What must managers be able to do if they want employees to understand the business's goals and be productive? A) Listen carefully. B) Communicate clearly. C) Ask questions. D) Obtain feedback. Show Answer Correct Answer: B) Communicate clearly. 15. Which secondary market research method is not considered a good source for general-interest topics? A) Media articles. B) Academic journals. C) Government publications. D) Market analyses. Show Answer Correct Answer: B) Academic journals. 16. A small-business manager who considers how a one-person reduction in office staff could impact the rest of his/her company is demonstrating A) Technical skills. B) Interpersonal skills. C) Conceptual skills. D) Job-knowledge skills. Show Answer Correct Answer: C) Conceptual skills. 17. A top-level manager who spends almost all of his or her time on management functions and decisions that affect the entire company A) Management. B) Manager. C) Supervisor. D) Executive. Show Answer Correct Answer: D) Executive. 18. Which of the following is NOT a factor that determines quality A) Durability. B) Consistency. C) Realiability. D) Managers. Show Answer Correct Answer: D) Managers. 19. What management function involves identifying qualified candidates to perform the business's work? A) Persuading. B) Leading. C) Staffing. D) Controlling. Show Answer Correct Answer: C) Staffing. 20. Information system that combines and summarizes ongoing transactions within the company to provide top-level executives with information needed to make decisions affecting the goals and directions of an organization. A) Executive information system. B) Web-hosting service. C) VoIP. D) Management information system. Show Answer Correct Answer: A) Executive information system. ← 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