This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Business > Business Management – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 15 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The response of people behaving differently when they are receiving attention is known as A) Theory Y. B) Theory X. C) Hawthorne effect. D) Esprit de corps. Show Answer Correct Answer: C) Hawthorne effect. 2. Helping to resolve a dispute between two workers in the department is an example of which business management function? A) Planning. B) Controlling. C) Organizing. D) Leading. Show Answer Correct Answer: D) Leading. 3. An evaluation of how well the human resources department is performing its responsibilities and objectives. A) Human Resource Scorecard. B) Human Resource Accounting. C) Human Resource Value. D) Human Resource Audit. Show Answer Correct Answer: D) Human Resource Audit. 4. Which of the following is an external factor that impacts the Human Resource Plan? A) Changes in education. B) Change in business strategy. C) Change in labor relations. D) Changes in business finance. Show Answer Correct Answer: A) Changes in education. 5. Which type of degree requires 120 Hours of coursework, some of which is general and some of which is based on your major? A) Associate degree. B) Doctoral degree. C) Bachelor's degree. D) Master's degree. Show Answer Correct Answer: C) Bachelor's degree. 6. According to Herzberg, which of the following is likely to increase worker motivation? A) Higher pay. B) Challenging work. C) Closer supervision. D) Better benefits. Show Answer Correct Answer: B) Challenging work. 7. What is NOT a skill that a leader must have? A) Moitivation. B) Communication. C) Laziness. D) Focus. Show Answer Correct Answer: C) Laziness. 8. The way people consciously or unconsciously change messages is called ..... A) Feedback. B) Distortion. C) Noise. D) Misunderstanding. Show Answer Correct Answer: B) Distortion. 9. Network of linked computers that serves users in a single building or building complex. A) VoIP. B) WAN. C) Data. D) LAN. Show Answer Correct Answer: D) LAN. 10. Which function of management involves dividing work into manageable segments in order to achieve goals? A) Planning. B) Leading. C) Organizing. D) Controlling. Show Answer Correct Answer: C) Organizing. 11. The first and foremost function of management is ..... A) Planning. B) Organizing. C) Controlling. D) Coordination. Show Answer Correct Answer: A) Planning. 12. The original cost of an asset less its accumulated depreciation is the A) Book value. B) Balance value. C) Residual value. D) Depreciated value. Show Answer Correct Answer: A) Book value. 13. ..... innovation exists when new products are created or existing products are improved. A) Process. B) Adaptive. C) Product. D) Positioning. Show Answer Correct Answer: C) Product. 14. Study of the movements of both the workers and the machine to eliminate wasteful movement is ..... A) Time study. B) Work-study. C) Motion study. D) Fatigue study. Show Answer Correct Answer: C) Motion study. 15. An examination of demographic and social forces influencing the long-term composition of the labor force and the future availability of employees. A) Environmental Scanning. B) Field Survey. C) External Adaptation. D) Environmental Uncertainty. Show Answer Correct Answer: A) Environmental Scanning. 16. What is another term for horizontal organization? A) Spreading out the organization. B) Stretching the organization. C) Expanding the organization. D) Flattening the organization. Show Answer Correct Answer: D) Flattening the organization. 17. Avery, who manages a silk-screening and embroidery business, has set a goal of increasing sales by 15% in the next six months. To reach his goal, he has increased the business's advertising budget. This is an example of the ..... function of management. A) Planning. B) Directing. C) Controlling. D) Organizing. Show Answer Correct Answer: A) Planning. 18. The process where formal authority is passed down through the hierarchy is called? A) Planning. B) Delegation. C) Responsibility. D) Accountability. Show Answer Correct Answer: B) Delegation. 19. Analyzing the solutions involves A) Brainstorming ideas. B) Listing advantages and disadvantages. C) Determining symptoms. D) Identifying the problem. Show Answer Correct Answer: B) Listing advantages and disadvantages. 20. What should employees do to maintain a customer-service mindset? A) Maximize conversations with coworkers. B) Devote their full attention to customers. C) Listen to the words of soothing songs. D) Decide how to spend their break time. Show Answer Correct Answer: B) Devote their full attention to customers. 21. Customers have the right to expect employees to be A) Self-serving. B) Goal-oriented. C) Open-minded. D) Well-informed. Show Answer Correct Answer: D) Well-informed. 22. This type of culture is where a few individuals retain the essential power. A) Role culture. B) Person culture. C) Power culture. D) Professed culture. Show Answer Correct Answer: C) Power culture. 23. Which of the following is a career area in marketing: A) Banking services. B) Administrative services. C) General management. D) Merchandising. Show Answer Correct Answer: D) Merchandising. 24. The selection and training of individuals for specific job functions and delegating them the assosciated responsibilities A) Managing. B) Employment. C) Staffing. D) Operations. Show Answer Correct Answer: C) Staffing. 25. Leaders have ambition and persistence in reaching goals. They are self-starters who plan what they want and do it, this is called A) Reward. B) Judgement. C) Intiative. D) Power. Show Answer Correct Answer: C) Intiative. 26. Which of the following is NOT a barrier to effective decision making? A) Indecisiveness. B) Complacency. C) Intuition. D) Panic. Show Answer Correct Answer: C) Intuition. 27. What is Company A's market share if its sales revenue amount to $ 100 million in an industry with annual sales of $ 500 million? A) 50%. B) 80$. C) 20%. D) 5%. Show Answer Correct Answer: C) 20%. 28. A disadvantage to line authority is that the managers have ..... who help with their responsibilities. A) Many specialists. B) Many employees. C) Few specialists. D) Few employees. Show Answer Correct Answer: C) Few specialists. 29. The money a business owes and the payments it makes for credit purchases are recorded in the A) Accounts receivable record. B) Depreciation record. C) Accounts payable record. D) Cash record. Show Answer Correct Answer: C) Accounts payable record. 30. Which statement is INCORRECT about firewalls? A) Firewalls use special software to screen people who enter a network. B) Firewalls use special software to screen people who exit a network. C) Firewalls are totally hacker-proof. D) Firewalls protect information from outsiders who try to break into networks. Show Answer Correct Answer: C) Firewalls are totally hacker-proof. 31. ..... is the concept that ll businesses have an obligation to operate in a way that will have a positive impact on society. A) Vision statement. B) Ethical objectives. C) Corporate social responsibility. D) Business tactics. Show Answer Correct Answer: C) Corporate social responsibility. 32. A system used to record, classify, summarize and report the financial position of a business is known as which of the following? A) Human resources. B) Distribution. C) Mangement. D) Accounting. Show Answer Correct Answer: D) Accounting. 33. Industrial markets can change due to which of the following? A) Consumer behavior. B) The economy. C) Competitor's prices. D) The company's social responsibility. Show Answer Correct Answer: A) Consumer behavior. 34. When a business publicly pledges to provide all of its customers with quick, courteous service, what is it doing? A) Making a brand promise. B) Developing a campaign platform. C) Stating industry policies. D) Establishing product position. Show Answer Correct Answer: A) Making a brand promise. 35. Labour redeployment is ..... A) Moving employees to different jobs/location in the business. B) Offering voluntary redundancy. C) Implementing involuntary redundancy. D) Finding a new supplier. Show Answer Correct Answer: A) Moving employees to different jobs/location in the business. 36. Helping individuals obtain financing for a home or borrow funds for their child to attend college are examples of duties for which business management career? A) Education administrator. B) Health service manager. C) Loan officer and counselor. D) Public relations manager. Show Answer Correct Answer: C) Loan officer and counselor. 37. A complaint is any expression of A) Dissatisfaction. B) Anger. C) Gratitude. D) Sadness. Show Answer Correct Answer: A) Dissatisfaction. 38. Steve manages employees who are highly skilled and need little supervision. Therefore, he can supervise quite a few employees at once. Steve's span of control is A) Open. B) Tight. C) Narrow. D) Wide. Show Answer Correct Answer: D) Wide. 39. A forecast or sales revenue a company expects to receive for a specified period. A) Operating budget. B) Sales budget. C) Cash budget. D) Capital budget. Show Answer Correct Answer: B) Sales budget. 40. Which of the following is not one of the 6 types of businesses? A) Sole trader. B) Public companies. C) Partnership. D) Government. Show Answer Correct Answer: D) Government. 41. The interrelationship between management styles and skills provide opportunity to assess .....? A) Whether individuals are working well. B) Whether profit is being made. C) Whether the management is effective. D) Whether employees are satisfied. Show Answer Correct Answer: C) Whether the management is effective. 42. A(n) ..... is an invention or creation that is brand new. A) Imporvement. B) Innovation. C) Advancement. D) Development. Show Answer Correct Answer: B) Innovation. 43. Dun & Bradstreet is an example of a business that supports other businesses by providing A) Web page design. B) Online credit card processing. C) Electronic shopping carts. D) Specialized research reports. Show Answer Correct Answer: D) Specialized research reports. 44. You can recognize a true brand promise if it A) Is authentic and credible. B) Is tied to features and product specifications. C) Relates to just the business's marketing activities. D) Demonstrates the similarities between the brand and its competitors. Show Answer Correct Answer: A) Is authentic and credible. 45. Of the five value dimensions, which focuses on being able to do things "fast" consistently? A) Innovation. B) Responsiveness. C) Cost. D) Delivery. Show Answer Correct Answer: D) Delivery. 46. A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero A) Line item budget. B) Cash flow system. C) Sinking fund. D) Zero-Based Budget. Show Answer Correct Answer: D) Zero-Based Budget. 47. What is the advantage of internal recruitment? A) Employees are already known to the employer, so choice may be easier. B) Applicants may be set in their ways and not open to new ideas. C) There may be no-one suitable from within the business. D) None of above. Show Answer Correct Answer: A) Employees are already known to the employer, so choice may be easier. 48. Dividing a large sales territory into 2 smaller territories and assigning managers and salespersons to the territory is part of which management function? A) Organizing. B) Controlling. C) Leading. D) Planning. Show Answer Correct Answer: A) Organizing. 49. First step in planning is A) Setting standards. B) Setting goals. C) Writing a mission statement. D) Organizing staff. Show Answer Correct Answer: B) Setting goals. 50. The facts and figures that businesses generate are called ..... A) Figures. B) Data. C) Information. D) Information points. Show Answer Correct Answer: B) Data. 51. What is a private sector business that distributes profit to benefit the community rather than individual shareholders called? A) Corporate social responsibility. B) Government enterprise. C) Social enterprise. D) Social entrepreneur. Show Answer Correct Answer: C) Social enterprise. 52. Select the sentence below that has been correctly written ..... A) The stock was to expensive for me to buy. B) I left the correspondence on the manager's desk. C) I think she said she worked their. D) Jim's patients was wearing thin by the end of the day. Show Answer Correct Answer: B) I left the correspondence on the manager's desk. 53. Competency based training is? A) Where units of competency can be individualised by the organisation to meet the actual needs of the workplace. B) Learning basic skills necessary for any workplace. C) Being made aware of opportunities for further training. D) Learning required legal skills such as OH & S and safety procedures. Show Answer Correct Answer: A) Where units of competency can be individualised by the organisation to meet the actual needs of the workplace. 54. Which of the following is a true statement regarding touch points: A) A business must prioritize which touch points to focus on. B) There are about 12 touch points for any given brand. C) Pre-sale touch points are more important than post-sale touch points. D) Every brand has the same touch points. Show Answer Correct Answer: A) A business must prioritize which touch points to focus on. 55. Which of the following is NOT considered good behavior where business ethics are concerned? A) Bait-and-switch advertising. B) Fairness. C) Truthfulness. D) Taking into account the well-being of everyone involved. Show Answer Correct Answer: A) Bait-and-switch advertising. 56. Money invested in a business by investors who form partnerships or groups to pool investments. A) Venture capital. B) Equity financing. C) Collateral. D) Angel investor. Show Answer Correct Answer: A) Venture capital. 57. Which is not a strategy related to quality management? A) Quality Assurance. B) Quality Checks. C) Quality Control. D) TQM. Show Answer Correct Answer: B) Quality Checks. 58. A manager must provide directions and vision to inspire employees. This is called ..... A) Leading. B) Planning. C) Organizing. D) Controlling. Show Answer Correct Answer: A) Leading. 59. Eva works at a hotel registration desk. When a customer was checking in tonight, Evareminded him that checkout time would be 11:00 a.m. "No, it's not!" he exclaimed. "It's alwaysat 11:30!" Eva's customer is A) Argumentative. B) Leave-me-alone. C) Suspicious. D) Impatient. Show Answer Correct Answer: A) Argumentative. 60. Involved in intellectual, knowledge-based activities that generate and share information, e.g. R & D A) Tertiary Sector. B) Primary Sector. C) Quaternary Sector. D) Secondary Sector. Show Answer Correct Answer: C) Quaternary Sector. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesBusiness Management Quiz 1Business Management Quiz 2Business Management Quiz 3Business Management Quiz 4Business Management Quiz 5Business Management Quiz 6Business Management Quiz 7Business Management Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books