This quiz works best with JavaScript enabled. Home > Economy > Business > Business Management – Quiz 72 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 72 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Decentralised decision-making is .....? A) Managers make all decisions. B) Decision making being made after consultation. C) Hierarchical structure of decision-making. D) Giving free rein or a hands off style. Show Answer Correct Answer: B) Decision making being made after consultation. 2. What has revolutionized the way businesses in many industries produce their products? A) Computers. B) Loading. C) Skill Variety. D) Production Planning. Show Answer Correct Answer: A) Computers. 3. What is an important question that a manager must consider when hiring a new employee? A) What are the company's product quality standards. B) What is the company's vision. C) How should the workload be distributed. D) How will the company compensate this worker. Show Answer Correct Answer: D) How will the company compensate this worker. 4. Producing a one-off item specially designed for the customer A) Mass customisation. B) Flow production. C) Batch production. D) Job production. Show Answer Correct Answer: D) Job production. 5. Which type of sales promotion is a punch card? Punch cards are a common example of customer relationship incentives. A) Free sample. B) Voucher and Coupon. C) Customer Loyalty Program. D) Refund. Show Answer Correct Answer: C) Customer Loyalty Program. 6. Keri works as a public relations consultant for a large corporation. She reviews issues and makes recommendations to managers. Keri has ..... authority. A) Functional. B) Divisional. C) Line. D) Staff. Show Answer Correct Answer: D) Staff. 7. What is the advantage for work testing? A) Provides the applicant with an opportunity to ask question about job place. B) Used for a wide variety of different types of tasks and response. C) Assessment of the actual skill needed to carry out to the job. D) Uses to assess skills such as to work in a team, leadership and decision making. Show Answer Correct Answer: C) Assessment of the actual skill needed to carry out to the job. 8. Why is location important to small businesses? A) Most need good foot traffic to survive. B) Many will stay away if it's not easy to find. C) Customers don't want to travel far. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. "Administrative services" is a term sometimes used to refer to as? A) Business analytics. B) Office management. C) Human resources management. D) Supply chain management. Show Answer Correct Answer: B) Office management. 10. The foundation beliefs that impact how people think about and respond to organizational events, but which are mostly subconscious. A) Shared Assumptions. B) Shared Norms. C) Code of Ethics. D) Organizational Culture. Show Answer Correct Answer: A) Shared Assumptions. 11. Refers to an organization's efforts to minimize the negative effects of potential crisis. A) Operations management. B) Waste management. C) Crisis management. D) Contingency planning. Show Answer Correct Answer: D) Contingency planning. 12. The process of making sure work meets acceptable standards. A) Work schedules. B) Subordinate. C) Quality control. D) Performance review. Show Answer Correct Answer: C) Quality control. 13. What are the five reasons to communicate effectively? ? ? A) To inform, tell, persuade, convince, and absorb ideas. B) To inform, motivate, perform, convince, and absorb ideas. C) To inform, motivate, persuade, convince, and absorb ideas. D) To interact, motivate, persuade, convince, and absorb ideas. Show Answer Correct Answer: C) To inform, motivate, persuade, convince, and absorb ideas. 14. Juanita wants to be the sole owner of a web design business. The simplest form she could choose would be a ..... A) Proprietorship. B) Joint Venture. C) Partnership. D) Corporation. Show Answer Correct Answer: A) Proprietorship. 15. Enterprise is a Factor of Production. Identify the other Factors of Production. A) Land, Labour and Country. B) Primary, Secondary and Tertiary. C) Private, Public and Third. D) Land, Labour and Capital. Show Answer Correct Answer: D) Land, Labour and Capital. 16. A designed change that increases the usefulness of a product, services, or process A) Innovation. B) Invention. C) Improvement. D) Entrepreneur. Show Answer Correct Answer: C) Improvement. 17. The amount owed to a business by its customers is considered A) Accounts payable. B) An asset. C) Capital. D) A liability. Show Answer Correct Answer: B) An asset. 18. When an employee has an obligation to do an assigned task, the employee has been given A) Responsibility. B) A goal. C) Authority. D) A procedure. Show Answer Correct Answer: A) Responsibility. 19. The law that requires employees to pay covered employees overtime pay at 1.5 times the regular rate of pay is the A) Civil Rights Act. B) Workers' Compensation Law. C) Fair Labor Standards Act. D) Occupational Safety and Health Act. Show Answer Correct Answer: C) Fair Labor Standards Act. 20. Which of following is not a management function as given by H Fayol. A) Planning. B) Organizing. C) Controlling. D) Staffing. Show Answer Correct Answer: D) Staffing. ← 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