This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Business > Business Management – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 20 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In the past, customer relationship management was used mainly as a way to A) Increase customer loyalty. B) Track customer information. C) Assist business decision making. D) Help employees perform more efficiently. Show Answer Correct Answer: B) Track customer information. 2. If an employee regularly receives instructions from more than one manager, there is a problem A) Span of control. B) Unity of command. C) Policies and procedures. D) The employee. Show Answer Correct Answer: B) Unity of command. 3. At a hair salon, one employee washes customers' hair, another employee cuts it, and another dries and styles it. This allows the employees to make the most efficient use of their time and illustrates an organizational principle known as A) Innovation. B) Span of control. C) Authority. D) Division of labor. Show Answer Correct Answer: D) Division of labor. 4. Which answer is incorrect? A feature of an autocratic management style is A) It is centralised decision making. B) Little trust is placed in employees. C) Communication is one way (downwards). D) Decisions are explained to employees. Show Answer Correct Answer: D) Decisions are explained to employees. 5. A method of lean production based on continuous improvement A) Kanban. B) Kaizen. C) Kaizen. D) JIC. Show Answer Correct Answer: B) Kaizen. 6. A difficult situation requiring a solution is A) A problem. B) A symptom. C) A standard. D) An alternative. Show Answer Correct Answer: A) A problem. 7. Which career professional would be considered part of the Human Resources pathway of the Business, Management, and Administration career cluster? A) Labor Relations Specialist. B) Data Entry Keyer. C) Compliance Manager. D) Management Analyst. Show Answer Correct Answer: A) Labor Relations Specialist. 8. By accurately explaining the company's policies to customers, salespeople often are able to avoid misunderstandings with customers and improve the company's: A) Goals. B) Rules. C) Image. D) Routine. Show Answer Correct Answer: C) Image. 9. Which of the following is an example of negative reinforcement: A) Additional vacation time. B) A raise. C) Reduced tedious paperwork. D) A bonus. Show Answer Correct Answer: C) Reduced tedious paperwork. 10. Which of the following is an example of motivation as a means of directing: A) A manager pays attention to what time employees clock in. B) Employees engage in team-building exercises. C) Andy's boss asks him to stay an hour late to finish his project. D) Emmie praises her employees for quality work. Show Answer Correct Answer: D) Emmie praises her employees for quality work. 11. How does governmental use of revenue from sales and corporate taxes benefit businesses? A) Tax monies fund public services. B) Tax monies fund military projects. C) Tax monies provide foreign aid. D) Tax monies pay off government debt. Show Answer Correct Answer: A) Tax monies fund public services. 12. Samantha is conducting interviews with potential employees to find a replacement for a worker who retired. Which management function is this? A) Controlling. B) Organizing. C) Leading. D) Planning. Show Answer Correct Answer: B) Organizing. 13. Whats it called when a leader can influence your wage? A) Salary Influence. B) Position Influence. C) Monetary Influence. D) Bad influence. Show Answer Correct Answer: B) Position Influence. 14. Involving a high quantity of capital equipment compared with about input A) Efficiency. B) Labor intensive. C) Capital intensive. D) Effectiveness. Show Answer Correct Answer: C) Capital intensive. 15. What type of power is granted to managers by employees because the employees determine the managers are worthy of it? A) Expert and identity. B) Expert and power. C) Power and position. D) Identity and position. Show Answer Correct Answer: A) Expert and identity. 16. The federal agency that helps small business owners obtain financing and other support is known as A) OSHA. B) Chamber of Commerce. C) Small Business Administration. D) Proprietorship. Show Answer Correct Answer: C) Small Business Administration. 17. When choosing a location for a business, the most important factor managers consider is A) Community attitudes. B) Wage Rate. C) Availability of natural resources. D) Climate. Show Answer Correct Answer: B) Wage Rate. 18. Fred the football coach must meet with the media and answer questions about team performance after every game. Which one of Mintzberg's managerial roles is Fred fulfilling? A) Disseminator. B) Spokesperson. C) Speaker. D) Monitor. Show Answer Correct Answer: B) Spokesperson. 19. When a management team takes into account the opinions of the team members before making a decision, it is called? A) Centralised decision-making. B) Persuasive management style. C) Consultative management style. D) Aurocrartic management style. Show Answer Correct Answer: C) Consultative management style. 20. The main difference between customer relationship management and customer experience management is that CRM focuses on A) Customers. B) Product development. C) The business itself. D) Investors. Show Answer Correct Answer: C) The business itself. 21. The processes and activities needed to produce goods and services A) Operating System. B) Activity Scheduling. C) Physical Arrangement. D) Continuous Flow. Show Answer Correct Answer: A) Operating System. 22. The shape of the management pyramid helps illustrate A) The number of and relationship among the levels of management. B) The time allotted to various management function. C) The reporting structure within an organization. D) All of the above. Show Answer Correct Answer: A) The number of and relationship among the levels of management. 23. When a handbag company embroiders a customer's name or monogram on a cloth tote bag, it is processing a(n) A) Reorder. B) Special order. C) Blanket requisition. D) Open requisition. Show Answer Correct Answer: B) Special order. 24. Which of these elements of business are interdependent with each other A) Human Resources / Operations. B) Operations / Finance / Marketing / Human Resources. C) Operations / Marketing. D) Operation / Finance. Show Answer Correct Answer: B) Operations / Finance / Marketing / Human Resources. 25. Creating a list of responsibilities for the assistant manager for closing down the restaurant at night A) Planning. B) Leading. C) Controlling. D) Organizing. Show Answer Correct Answer: D) Organizing. 26. Employees in the administration support pathway perform a variety of ..... tasks for businesses and organizations. A) Difficult. B) Math. C) Desk. D) Clerical. Show Answer Correct Answer: D) Clerical. 27. Edward has worked at 'RCH Records' for 2 years. He is wanting to quit his job and move to another company, How much time/notice would he be required to give to his current workplace? A) 1 week. B) 2 weeks. C) No notice. D) 3 weeks. Show Answer Correct Answer: B) 2 weeks. 28. The number of different skills a worker needs to perform a job is referred to as A) Job Skills. B) Qualifications. C) Skill Variety. D) None of above. Show Answer Correct Answer: C) Skill Variety. 29. Assigning aisles and stocking protocols to stockers in the grocery department A) Planning. B) Leading. C) Controlling. D) Organizing. Show Answer Correct Answer: D) Organizing. 30. Which best describes the Business, Management, and Administration career cluster? A) These are careers that are focused on running businesses. B) These are careers that combine medical services, coding, and sales. C) These are careers that report information to the public. D) These are careers that provide care for those who are unable to care for themselves. Show Answer Correct Answer: A) These are careers that are focused on running businesses. 31. Which management function is described in the following situation:Wendell 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-percentbonus. A) Organizing. B) Planning. C) Controlling. D) Directing. Show Answer Correct Answer: D) Directing. 32. In which of the following strategic planning steps would a team approach be developed? A) Engaging employees. B) Communicating. C) Implementing plan in phases. D) Overcoming resistance. Show Answer Correct Answer: A) Engaging employees. 33. Name that concept:refers to the significant long-term planning decisions that organizations make in order to meet the needs and wants of their stakeholders. A) Globalization. B) Strategy. C) Ethics. D) Change. Show Answer Correct Answer: B) Strategy. 34. The two key components that need to be recognised while initially forecasting are: A) Buyer lead-time time & price increases. B) Production time & demand changes. C) Employee motivation & supplier lead-in time. D) Supplier lead-time time & price changes. Show Answer Correct Answer: D) Supplier lead-time time & price changes. 35. Which of the following is NOT an advantage of automation? A) Greater precision. B) High initial set up costs. C) More efficient use of time. D) Increased productivity speed. Show Answer Correct Answer: B) High initial set up costs. 36. Where do entrepreneurs go for professional advise A) Mentors. B) SBA. C) SCORE. D) All of the above. Show Answer Correct Answer: D) All of the above. 37. H quarter sales will increase by 10% due to our new sales campaign A) Planning. B) Organizing. C) Leading. D) Controlling. Show Answer Correct Answer: A) Planning. 38. Directed at organizational improvement through understanding employee motivation and behavior A) Administrative management. B) Classical management. C) Quality managment. D) Behavioral management. Show Answer Correct Answer: D) Behavioral management. 39. Having the ambition and motivation to get work done without being asked is known as A) Leadership. B) Dependability. C) Initiative. D) Organized. Show Answer Correct Answer: C) Initiative. 40. The way people get along with each other is called A) Management style. B) Leadership. C) Controlling. D) Human relations. Show Answer Correct Answer: D) Human relations. 41. Pollution can, in part, be controlled through ..... A) Recycling. B) EPA regulations. C) Following the sustainability principles. D) All of these. Show Answer Correct Answer: D) All of these. 42. Many business management and administration (BMA) careers involve dealing with employees, customers, or vendors, but which type of BMA career is all about people? A) Operations management. B) Supply chain management. C) Human resources management. D) Business analytics. Show Answer Correct Answer: C) Human resources management. 43. Which of the following is the traditional management structure? A) Horizontal. B) Expansive. C) Vertical. D) Pyramid. Show Answer Correct Answer: C) Vertical. 44. A manager worked to streamline the production process and was able to save the company several thousands of dollars. This is an example of how organizing A) Reduces waste and improves efficiency. B) Unites company goals with the mission. C) Increases employee conflict and turnover. D) Can be improved through communication. Show Answer Correct Answer: A) Reduces waste and improves efficiency. 45. There are 3 key stakeholders in Australian workplace relations. Which of the following is NOT one? A) Employees and trade unions. B) Government. C) Employers. D) Suppliers. Show Answer Correct Answer: D) Suppliers. 46. A plan that describes expected income and expenses over a period of time. A) Business Plan. B) Budget. C) Cash Flow Statement. D) Balance Sheet. Show Answer Correct Answer: B) Budget. 47. Which management function involves analyzing information, setting goals, and making decisions about what needs to be done? A) Planning. B) Organizing. C) Controlling. D) Implementing. Show Answer Correct Answer: A) Planning. 48. Unlimited liability is defined as? A) When the owner has somewhat liability. B) When the owner has no liability because the business is owned by another individual/company. C) When two individuals agree on their company's liability being shared between them. D) When the owner has full liability to the extent of their personal assets. Show Answer Correct Answer: D) When the owner has full liability to the extent of their personal assets. 49. Money provided by large investors to finance new products and new businesses A) Start-up financing. B) Long-term financing. C) Short-term financing. D) Venture capital. Show Answer Correct Answer: D) Venture capital. 50. Which of the following would not be a operating environment stakeholder? A) Creditors/banks. B) Employees. C) Trade Union. D) Customers. Show Answer Correct Answer: B) Employees. 51. A group of employees meets everyday at lunch to chat about what's going on in the office. This is an example of A) Informal communication. B) Outside communication. C) Vertical communication. D) External communication. Show Answer Correct Answer: A) Informal communication. 52. Someone who gives professional advice or offers professional services is called a(n) A) Consultant. B) Certified public accountant. C) Auditor. D) Investment banker. Show Answer Correct Answer: A) Consultant. 53. The five P's of Entrepreneurship are A) Profit, Passion, Purpose, Possessions, Persistence. B) Purpose, Passion, Presence, People Profit. C) People, Profit, Passion, Planning, Purpose. D) People, Profit, Purpose, Passion, Persistence. Show Answer Correct Answer: D) People, Profit, Purpose, Passion, Persistence. 54. How does solving difficult-customer situations benefit your company? A) It will generate repeat business. B) The difficult customers won't bother you again. C) You will get a promotion. D) All the employees will get promotions. Show Answer Correct Answer: A) It will generate repeat business. 55. Which of the following is not an advantage of global outsourcing? A) Skills that cannot be found in the home nation can be tapped. B) Jobs and economic opportunity can be provided to low economic areas. C) Opportunity to take advantage of global efficiencies. D) Opportunity for individuals of the home land to be promoted above particular jobs. Show Answer Correct Answer: D) Opportunity for individuals of the home land to be promoted above particular jobs. 56. The task word "Apply" means ..... A) Provide a definition. B) Briefly explain the concept. C) Provide an explanation using examples. D) Explain how the concept can be used in a specific business. Show Answer Correct Answer: D) Explain how the concept can be used in a specific business. 57. An industrial action in which employees do no more than the minimum required by the rules of their contract, and precisely follow all safety or other regulations, which may cause a slowdown or decrease in productivity, as they are no longer working during breaks or during unpaid extended hours A) Strike. B) Go slow/slow downs. C) Work-to-rule. D) Lock-out. Show Answer Correct Answer: C) Work-to-rule. 58. Making decisions based on factual information and logical reasoning is called ..... A) Brainstorming. B) Intuition. C) Rational. D) Risking. Show Answer Correct Answer: C) Rational. 59. The 'Classical-Scientific Management Approach' focuses on: A) Staff Connection. B) Efficiency. C) Involvement. D) Motivation. Show Answer Correct Answer: B) Efficiency. 60. The desire for friendships, relationships and personal connection is known as which drive? A) Drive to Bond. B) Drive to Learn. C) Drive to Acquire. D) Drive to Defend. Show Answer Correct Answer: A) Drive to Bond. ← 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