This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Business > Business Management – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 16 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Coordinating business activities is an important aspect of the organizing function of management because it ..... A) Establishes clear relationships among the companies resources. B) Defines the company's mission statement. C) Enables the business to prepare precise forecasts. D) Ensures that the employees understand all the business activities. Show Answer Correct Answer: A) Establishes clear relationships among the companies resources. 2. Maslow's Hierarchy of Needs is a theory that can help explain how and why people are A) Motivated. B) Wealthy. C) Talented. D) Intelligent. Show Answer Correct Answer: A) Motivated. 3. Data storage systems over widely dispersed Internet networks are called ..... A) The Net. B) A WAN. C) A cloud. D) The Web. Show Answer Correct Answer: C) A cloud. 4. The desire for status, power and material goods is known as which drive? A) Drive to Learn. B) Drive to Bond. C) Drive to Defend. D) Drive to Acquire. Show Answer Correct Answer: D) Drive to Acquire. 5. Which is NOTa management skill? A) Planning. B) IT skills. C) Interpersonal skills. D) Delegating. Show Answer Correct Answer: B) IT skills. 6. People will productively if put in the right environment is a belief held by ..... A) Theory X. B) Theory Y. C) Theory Z. D) All of the above. Show Answer Correct Answer: B) Theory Y. 7. Which of the following are examples of top-level management job titles: A) Floor supervisor, area supervisor, and section manager. B) President, senior vice president, and chief executive officer. C) Collections supervisor, crew chief, and production supervisor. D) District manager, department head, and regional sales manager. Show Answer Correct Answer: B) President, senior vice president, and chief executive officer. 8. Which business strategy am I? Selling your products and services at a lower cost usually achieved by technological innovations that improve efficiency or low cost labor. A) Reactor. B) Focus. C) Analyzer. D) Cost of Leadership. Show Answer Correct Answer: D) Cost of Leadership. 9. When managers increase employees' salaries when they meet the goals established for them, what type of power are the managers using? A) Expert. B) Identity. C) Reward. D) Position. Show Answer Correct Answer: C) Reward. 10. People have ..... A) Economic wants. B) Non economic wants. C) Both economic wants and non economic wants. D) No wants. Show Answer Correct Answer: C) Both economic wants and non economic wants. 11. The process of planning a business's production needs is known as A) Scheduling. B) Production Planning. C) Dispatching. D) Job Design. Show Answer Correct Answer: B) Production Planning. 12. The leadership trait that involves careful decision making is A) Understanding. B) Judgment. C) Communication. D) Initiative. Show Answer Correct Answer: B) Judgment. 13. If an employee's primary responsibilities involve planning, coordinating, and controlling the resources necessary to provide the business's products, s/he works in the area of A) Business information technology. B) Securities and investments. C) Marketing research. D) Operations management. Show Answer Correct Answer: D) Operations management. 14. Which does not belong A) Financing. B) Leading. C) Controlling. D) Planning. Show Answer Correct Answer: A) Financing. 15. Which of the following is not an example of labour? A) Skilled workers. B) Intellectual ideas. C) Manual workers. D) Entrepreneurship. Show Answer Correct Answer: D) Entrepreneurship. 16. Management is the art and science of decision making leadership A) Harold Koontz. B) Donalad J Clough. C) Louis Allan. D) Terry. Show Answer Correct Answer: B) Donalad J Clough. 17. Which of the following skills can an employee use to uncover the hidden reason for acustomer's complaint: A) Selling. B) Accounting. C) Marketing. D) Questioning. Show Answer Correct Answer: D) Questioning. 18. Which of the following is a benefit of the division of labor: A) Professional development. B) Increased efficiency. C) More direct oversight. D) Teamwork opportunities. Show Answer Correct Answer: B) Increased efficiency. 19. Leaders who can see all sides of a problem and not make biased judgments or statements are said to possess A) Objectivity. B) Judgment. C) Courage. D) Initiative. Show Answer Correct Answer: A) Objectivity. 20. An emergency number to call for aid should be posted ..... A) At the first aid station. B) Near the nurse's station. C) On the company's website. D) Next to, near, or on the phone. Show Answer Correct Answer: D) Next to, near, or on the phone. 21. A well-planned organizational design helps a business to better compete because ..... A) The business has more money. B) Competitors don't have organizational structures. C) The business is more productive. D) It cuts down on communication. Show Answer Correct Answer: C) The business is more productive. 22. Licensing is important for many occupations including the following: A) Dog walking. B) Banking. C) Administration. D) Teaching. Show Answer Correct Answer: D) Teaching. 23. The direct benefit that a business receives when its salespeople can answer customers' inquiries is that: A) Knowledgeable salespeople are more likely to make sales. B) Customers like knowledgeable salespeople. C) Well-informed salespeople develop confidence in themselves. D) Customers get the information they want. Show Answer Correct Answer: A) Knowledgeable salespeople are more likely to make sales. 24. This refers to an organisation that has many rules and procedures and set way of doing things. A) Centralisation. B) Delegation. C) Bureaucracy. D) De-layering. Show Answer Correct Answer: C) Bureaucracy. 25. What is a benefit to using teams to make decisions? A) One person DOMINATING!!!!. B) Going with the first idea. C) Social pressures to conform to ideas. D) Easier to understand or accept the decisions. Show Answer Correct Answer: D) Easier to understand or accept the decisions. 26. Which of the following is NOT a function of management? A) Control. B) Finance. C) Plan. D) Organize. Show Answer Correct Answer: B) Finance. 27. Our economy has shifted from a service economy to a(n) ..... economy. A) Manufacturing. B) Entertainment. C) Experience. D) Agricultural. Show Answer Correct Answer: C) Experience. 28. The employment process is carried out by which department? A) Management. B) Human Resources. C) Marketing. D) Distribution. Show Answer Correct Answer: B) Human Resources. 29. The first task in the HR management activity of staffing is A) Determine job descriptions. B) Screening and selecting applicants. C) Determining need. D) Recruiting. Show Answer Correct Answer: C) Determining need. 30. When you see Ford vehicles in the latest James Bond movie or Tom Hanks putting on a pair on Nikes on-screen, that is an example of A) Free samples. B) Product Placement. C) Social Media Contest. D) Point-of-Purchase Promotion. Show Answer Correct Answer: B) Product Placement. 31. What is internal recruitment? A) Recruiting using online applications only. B) Recruiting from within the organisation. C) Recruiting from outwith the organisation. D) Recruiting using interviews only. Show Answer Correct Answer: B) Recruiting from within the organisation. 32. Most management principles are developed first through observation and then drawing conclusions or ..... about research findings. A) Change. B) Deductions. C) Hierarchy. D) Sensitivity. Show Answer Correct Answer: B) Deductions. 33. Which of the following terms describes the ability to achieve a desired result without wasted energy or effort? A) Efficiency. B) Capability. C) Sustainability. D) Effectiveness. Show Answer Correct Answer: A) Efficiency. 34. There are four parts to the HR plan, which follow an individual's career path as the employee progresses in the business. Which of the following is NOT a part of the HR (workforce) plan: A) Paid time-off. B) Appraisal. C) Recruitment. D) Redundancy (lay-off). Show Answer Correct Answer: A) Paid time-off. 35. Directing is pervasive, which means that it A) Flows from the top down. B) Involves interpersonal communication. C) Never stops. D) Happens at every level of the organization. Show Answer Correct Answer: D) Happens at every level of the organization. 36. Expensive assets of a business that are expected to last and be used for a long time are known as ..... A) Stable assets. B) Depreciated assets. C) Fixed assets. D) Obsolete assets. Show Answer Correct Answer: C) Fixed assets. 37. Which of the following is NOT a reason businesses need to maintain financial records? A) To determine the kinds and values of assests. B) To track the financial progtess of the business. C) To prepare financial forms and reports required by the government. D) To provide financial information to competitors. Show Answer Correct Answer: D) To provide financial information to competitors. 38. To be considered a manager, you must A) Regularly complete all 5 management functions. B) Have authority over other jobs. C) Have authority over other people. D) All of the above. Show Answer Correct Answer: D) All of the above. 39. Reviewing 10 employee applications for cashier vacancy A) Leading. B) Controlling. C) Planning. D) Organizing. Show Answer Correct Answer: D) Organizing. 40. Pioneer of Human Relation is A) Mary Parkett. B) Lillian Gilberth. C) Henry Fayol. D) Elton Mayo. Show Answer Correct Answer: D) Elton Mayo. 41. Corporate culture is? A) A factor that influences the longevity of business life. B) An internal factor. C) An external factor. D) A factor that a business has no control over. Show Answer Correct Answer: B) An internal factor. 42. Customers are more likely to be loyal to brands that they feel A) Have the best touch points. B) Create the most memorable slogans. C) Have the best logos. D) Share their values and beliefs. Show Answer Correct Answer: D) Share their values and beliefs. 43. Why should managers know how to do the work of the workers they supervise? A) To coordinate employees' efforts. B) To establish a chain of command. C) To create a team spirit among employees. D) To have realistic expectations for workers. Show Answer Correct Answer: D) To have realistic expectations for workers. 44. A physical item that can be touched. A) Product. B) Good. C) Service. D) None of above. Show Answer Correct Answer: B) Good. 45. "Business information management" is a term sometimes used to refer to as? A) Supply chain Management. B) Office management. C) Human resources Management. D) Business Analytics. Show Answer Correct Answer: D) Business Analytics. 46. Which task would best be performed by a worker in Accounting? A) Developing creative ideas to sell a product. B) Monitoring employees' salary information. C) Recruiting new workers to fill jobs. D) Answering phone calls and e-mails. Show Answer Correct Answer: B) Monitoring employees' salary information. 47. An advantage of Performance related pay (motivation theory) is? A) Direct financial reward to employees. B) Increase employee contribution. C) Sanctions can act as motivator. D) Continuity of knowledge. Show Answer Correct Answer: A) Direct financial reward to employees. 48. ..... financing is the money needed to pay for the current operating activities of a business. A) Owner. B) Short-Term. C) Start-up. D) Long-Term. Show Answer Correct Answer: B) Short-Term. 49. In this type of business, the owner is responsible for all debts. A) Sole-Proprietorship. B) Corporation. C) Cooperative. D) Partnership. Show Answer Correct Answer: A) Sole-Proprietorship. 50. Successful managers are A) Good communicators. B) Relationship builders. C) Decision makers. D) All of the above. Show Answer Correct Answer: D) All of the above. 51. What does it mean to incorporate a business? A) The business has a legal name. B) The business has an ABN. C) The business becomes a separate legal entity as a company. D) The business is registered for GST. Show Answer Correct Answer: C) The business becomes a separate legal entity as a company. 52. Money provided by large investors to finance new products/businesses is known as A) Venture capital. B) Inventory. C) Small Business Administration (SBA). D) Entrepreneurship. Show Answer Correct Answer: A) Venture capital. 53. Which function of management involves motivating, directing and coordinating employees A) Organizing. B) Leading. C) Controlling. D) Staffing. Show Answer Correct Answer: B) Leading. 54. Which act regulates Social Security? A) Fair Labor Standards Act. B) Federal Unemployment Tax Act. C) Federal Insurance Contributions Act. D) State Unemployment Tax Act. Show Answer Correct Answer: A) Fair Labor Standards Act. 55. Which is NOT a career in the Business management cluster? A) Business Information Management. B) Principal. C) Human Resources Management. D) General Management. Show Answer Correct Answer: B) Principal. 56. Which of the following does not describe a typical small business? A) It is dominant in its field. B) The owner is usually the manager. C) It serves a small market. D) It operates in one or a few locations. Show Answer Correct Answer: A) It is dominant in its field. 57. Which of the following statements about leadership is true? A) Leadership is directly related to the success of the organization. B) Studies have identified certain characteristics that effective leaders possess. C) Good leadership requires excellent human relation skills. D) All of the responses. Show Answer Correct Answer: D) All of the responses. 58. Which of the following are examples of first-line management job titles: A) President, senior vice president, and chief executive officer. B) Collections supervisor, crew chief, and production supervisor. C) Company vice president, department head, and regional sales manager. D) Senior vice president, chief financial officer, and regional vice president. Show Answer Correct Answer: B) Collections supervisor, crew chief, and production supervisor. 59. Which of the following laws guaranteed men and women were given equal pay for equal work? A) The Equal Pay Act of 1963. B) The Civil Right Act of 1964. C) The Occupational Safety and Health Act of 1970. D) The Labor Standards Act of 1938. Show Answer Correct Answer: A) The Equal Pay Act of 1963. 60. The Fair Work Act 2009 established three independent government bodies to oversee and operate the Australian system of workplace relations. Which of the following is NOT one of the 3 independent government bodies? A) Fair Work Advisory. B) Fair Work Comission. C) Fair Work Ombudsman. D) Fair Work Division of the Federal Court and Federal Curcuit Court of Australia. Show Answer Correct Answer: A) Fair Work Advisory. ← 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