This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 67 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 67 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which business strategy am I? Responds to the environment in an ad hoc fashion, takes whatever actions that appear to be the most expedient at the time. A) Focus. B) Prospector. C) Reactor. D) Analyzer. Show Answer Correct Answer: C) Reactor. 2. Which of the following college degrees is an excellent foundation for a career in business: A) Fine arts. B) Biology. C) Literature. D) Finance. Show Answer Correct Answer: D) Finance. 3. To make organizations more effective, the mission and strategy must be aligned with four organizational characteristics:structure, systems, culture, and .....? A) Procedures. B) Production. C) Processes. D) Planning. Show Answer Correct Answer: C) Processes. 4. What are the 4 stages inn Lawrence and Nohria's Four Drive theory? (ABCD) A) Acquire, Bond, Comprehend, Defend. B) Acquire, Bond, Communicate, Defend. C) Ask, Behave, Communicate, Do. D) Acquire, Behave, Comprehend, Determine. Show Answer Correct Answer: A) Acquire, Bond, Comprehend, Defend. 5. Public sector company is owned by A) Government. B) Group of 20 people. C) Indivuduals. D) A company. Show Answer Correct Answer: A) Government. 6. When BlueLight, Inc. merged with a competitor, the managers strive to instruct their employees on the best ways to transition. This is an example of how directing A) Motivates employees. B) Coordinates work and effort. C) Builds group dynamics. D) Initiates changes smoothly. Show Answer Correct Answer: D) Initiates changes smoothly. 7. What kind of customer would ask "If I buy this product, how can I be sure it will do what you say it will" ? A) Suspicious. B) Eager. C) Slow/Methodical. D) Domineering/Superior. Show Answer Correct Answer: A) Suspicious. 8. MBO stands for? A) Management by Goals. B) Motivation of Objectives. C) Management by Objectives. D) Management by Outcomes. Show Answer Correct Answer: C) Management by Objectives. 9. Organizing can help companies handle issues with ..... so employees know to whom to report and who is responsible for what. A) Authority. B) Reputation. C) Efficiency. D) Tracking. Show Answer Correct Answer: A) Authority. 10. The management function that determines to what extent the business is accomplishing the goals is set out to reach in the planning stage is A) Organizing. B) Planning. C) Controlling. D) Staffing. Show Answer Correct Answer: C) Controlling. 11. The Behavioural Approach follows which type of Leadership A) Autocratic. B) Libertarianist. C) Beurocratic. D) Democratic. Show Answer Correct Answer: D) Democratic. 12. Lucy, who works for the Green Corporation, is responsible for handling special events and responding to requests for information about the company. Lucy works in A) Professional selling. B) Merchandising. C) Marketing research. D) Marketing communications. Show Answer Correct Answer: D) Marketing communications. 13. Luther Gullik classifies the function of management as ..... A) POSDCORB. B) POSTCARD. C) POSDCORB.. D) POSDORBC. Show Answer Correct Answer: C) POSDCORB.. 14. Father of Principles of Management A) Mary Parkett. B) Lillian Gilberth. C) Henry Fayol. D) Elton Mayo. Show Answer Correct Answer: C) Henry Fayol. 15. Planning, organizing, leading, and controlling are the four ..... of management. A) Characteristics. B) Functions. C) Objectives. D) None of above. Show Answer Correct Answer: B) Functions. 16. As it relates to location, some businesses will set up more than one branch or location in the same area, even if the newer locations are eating up some of the profits from the existing location, this is known as A) Bulk increasing. B) Cannabalistic marketing. C) Bulk decreasing. D) Outsourcing. Show Answer Correct Answer: B) Cannabalistic marketing. 17. The function being performed when a manager is determining how plans can be accomplished most effectively is A) Planning. B) Organizing. C) Leading. D) Controlling. Show Answer Correct Answer: B) Organizing. 18. Having representatives from different backgrounds, cultures, or demographics come together in a group A) Managerial Roles. B) Management. C) Diversity. D) Organizing. Show Answer Correct Answer: C) Diversity. 19. An organization which has strategic corporate units in multiple countries that interact both with the headquarters and with each other. A) Global Firm. B) Global Organization. C) Global Unit. D) Global Corporation. Show Answer Correct Answer: A) Global Firm. 20. Record showing what a customer owes and pays. A) Accounts receivable record. B) Accounts payable record. C) Operating record. D) Budget record. Show Answer Correct Answer: A) Accounts receivable record. ← 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