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Business Management Quiz 10 (60 MCQs)

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1. Rules and regulations for keeping a project on track are known as
2. The activities of selecting and describing one or more target markets and developing and maintaining a marketing mix that will produce mutually satisfying exchanges with target markets
3. When a business is ..... (i.e. buying in large quantities of raw materials and turning them into smaller end products such as wood to paper and/or pencils, it makes more sense to locate near the source of the raw materials.
4. Informal structure often works well for .....
5. How are KPIs used to evaluate the effectiveness of a business transformation?
6. Objectives that relate to the role of a business in the community are called?
7. A human resources manager would most likely prefer an employee turnover rate of
8. Maria is meeting with two of her employees who have had a disagreement to help them come to an agreeable solution.
9. What is the expectancy theory?
10. This will keep electronic copies of all your important paperwork
11. Which of the following statements is true about project management?
12. Which of the following is not a motivation strategy?
13. A system established to ensure that the predetermined quality standards are achieved is..?
14. How should effective management planning be?
15. A written statement of goals and objectives for a business with a strategy to achieve them is called
16. Which of the following documents is drafted in the initiation stage of project management:
17. ..... determines how plans can most effectively be accomplished; arranging resources to complete the work.
18. Small businesses are responsible for what percentage of sales in the U.S.?
19. Before you decide what you're going to sell, you need to answer this simple question:
20. Effective budgets should always be
21. Encourages trade between nations
22. This type of communication is appropriate for communicating information pertaining to new policies and orders.
23. The process whereby younger employees help members of an older generation understand differences is called .....
24. Which production concept promotes intergenerational equity?
25. Managing work schedules to achieve maximum productivity.
26. Producing output at the highest ratio of output to input
27. Which career requires less education than an Auditor?
28. This is the process where one company acquires legal control over another
29. Which law required automobile makers to modify engines to meet higher emission standards?
30. It is a portion of profits earned by the shareholder.
31. How should a person prepare for an interview?
32. Employees at the first level of management in business are
33. Which of the following is NOT one of the four components of the business process?
34. ..... is determining what needs to be done, how it will be done and who is to do it.
35. Mitch's boss placed him in charge of shipping at his company. Whenever anyone wants to ship a package, they need his approval and oversight. Mitch has
36. The management function responsible for arranging resources to complete work is
37. Posture and gestures are included in which type of communication?
38. ..... refers to the practice of using another business (as a third party) to complete part of the work.
39. A leader must contain which of these characteristics?
40. This is also known as flow production since the business uses a continuous flow of materials along an assembly line.
41. The ..... protects businesses from unfair methods of competition.
42. Which of the following is NOT one of the common responsibilities of supervisors?
43. Basic skills include all except
44. Which management function is described in the following situation:James Crane has created a team atmosphere among the members of his sales department. When the team exceeded their monthly sales goal, James rewarded them with a celebratory dinner out and a five-percent bonus.
45. The effectiveness of a supervisor's job is determined by which factor?
46. This level of management is usually not involved in a company's day-to-day problems, but generally sets the direction the company will follow.
47. A written statement that defines a business's core purpose and focus is called?
48. Maslow's Social Needs are similar to which of the Four Drives?
49. Which of the following management styles keeps the operation running smoothly rather than accomplishing other goals?
50. Which of the following is a common way for customers to express their complaints:
51. What are the resources used in production process collectively known as?
52. Which of the following career clusters focuses on tending to families and human needs?
53. What is self understanding?
54. This form of communication includes interviews, meetings, lectures and presentations.
55. What will probably happen to a business if it continuously fails to deliver on its brand promise?
56. A set of behaviors associated with a particular job
57. Coordination of activities and resources needed to accomplish a plan
58. A group that is in charge of making business decisions for a corporation.
59. Under what circumstances would a company adopt a matrix organizational structure?
60. Which of these is not a management skill
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