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Business Management Quiz 19 (60 MCQs)

Quiz Instructions

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1. To determine whether or not a company is a good loan risk, lenders often review its
2. Which of the following statements is TRUE about the relationship between data and information?
3. The free enterprise system, which operates in a democracy, is called .....
4. In order to keep track of all the financial information that is useful to management, you will need a (n):
5. A manager who helps an employee count the money in a cash drawer and prepare a bank deposit is demonstrating
6. What is something that a leader would say?
7. One of the hallmarks of a global economy is ....., which occurs when nations combine to form a common market as a free trade area
8. Department manager, small business manager, and regional manager are ..... positions.
9. Most businesses today are looking for employees wh have at least basic ..... skills.
10. In this function, managers must bring together the various resources to achieve objectives. In manay businesses, many different activities are going on so the manager should .....
11. In China, the Shanghai Disney Resort is owned 47% by the Walt Disney Company with the Chinese government owning the remaining 53% majority stake
12. Management is .....
13. Brand promise helps to increase brand awareness and brand
14. Section three of a business plan describes which of the following?
15. A ..... is when employees refuse to work any more than their contracted hours.
16. The social values that are shared among the members of an organization and tend to regulate their individual behaviors and induce collective conformity.
17. Which of the following is a cultural factor affecting job opportunities?
18. Just one person would likely be responsible for all of the management functions in a
19. The main strategies associated with Materials Management include
20. Which of the following statements about the role of managers is true?
21. Process of controlling and making decisions about an organization
22. This type of termination involves an employee making the decision to leave the paid workforce.
23. Maslow's hierarchy of needs states that .....
24. Legally binding minimum requirements for wages and conditions that apply to specific industries are called?
25. A person who is skilled at performing calculations, has math skills for advanced analysis, and has organizational skills would be best suited to work as
26. The systems by which an organization is administered, directed and controlled.
27. To make a profit, a business's revenue has to be ..... its costs.
28. How many hours does full time usually work per week?
29. The general term that is applied to a computer that becomes inadequate because a more efficient model comes on the market is
30. Stu started a new job and feels like he doesn't fit in. Which level of needs (Maslow) is not being satisfied?
31. A ..... is usually a group of volunteers who meet to discuss ways of improving quality.
32. Net worth, owner's equity & stockholders' equity are all terms meaning
33. What are business people who fail to adapt their communication styles to appeal to their international clients likely to do?
34. ..... produces goods and services for the market, but operates with the primary objective of fulfilling a social need.
35. The most popular Management think of modern time is
36. What is the first step in the managerial planning process?
37. Which of the following statements about directing is true:
38. Every business begins with a(n)
39. Salespeople who are well informed about the brands, sizes, and styles of goods that the business offers can easily answer which of the following customer questions?
40. Documents identifying the tasks to be done, employees assigned to the work, and the time frame for completion of each task
41. An important reason for having business policies is that policies:
42. This person manages day-to-day activities on a farm, ranch, nursery or greenhouse. Their responsibilities vary widely but focus on the business aspects of running the agricultural establishment.
43. Which of these is a leader?
44. When a new business first begins to organize activities into units, it should
45. What are the two most common management structures?
46. Which of the following is a function of project management software:
47. A plan showing projected sales, costs, expenses, and profits for the ongoing operations of a business.
48. Rhys is a manager who wants to better motivate and communicate with his employees. Which management function should he focus on to achieve this goal?
49. How much time should you allocate to each mark in the exam? (hint:75 marks and you have 2 hours)
50. Goals should be stated in broad, non-specific language to make them easier to reach.
51. Evaluating results to determine if the company's objectives have been accomplished as planned:
52. What term refers to people that are responsible for running a business?
53. When a manager measures how the business performs financially, he or she is said to be performing the task of .....
54. Name the function of management that involves monitoring how the business is performing.
55. What is the term production managers use for assigning job to a factory or department
56. Which of these people is responsible for creating the Classical-Scientific Approach
57. Businesses that generate more than $ 75, 000 in income annually MUST register for this.
58. In the modern business world, a growing number of interactions between businesses and customers are taking place
59. ..... are units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits.
60. People who work with information.
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