This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Business > Business Management – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 3 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A general term that refers to the movement of information from one location to another electronically is A) Local area network. B) An optical network. C) Telecommunications. D) A wide area network. Show Answer Correct Answer: C) Telecommunications. 2. A sampling method that involves placing all employees in the sample population and drawing the sample at random. A) Field Experiment. B) Stratified Random Sample. C) Simple Random Sample. D) Field Survey. Show Answer Correct Answer: C) Simple Random Sample. 3. Taking visitors to dinner and attending ribbon-cutting ceremonies are part of the A) Figure Head Role. B) Leadership Role. C) Liaison Role. D) None of above. Show Answer Correct Answer: A) Figure Head Role. 4. Which of the following is not a typical business objective? A) Meet shareholder expectations. B) Mass production. C) Profit. D) Increase market share. Show Answer Correct Answer: B) Mass production. 5. A person who is paid to perform management functions within a particular job A) Professional managers. B) Glass ceiling. C) Principle. D) Entrepreneurs. Show Answer Correct Answer: A) Professional managers. 6. Sammy is observing her employees as they put together furniture. Sammy is A) Supervising. B) Rewarding. C) Instructing. D) Communicating. Show Answer Correct Answer: A) Supervising. 7. Hospital CEO, nursing home manager, and medical clinic manager are all classified as which business management career A) Public relation manager. B) Human resource manger. C) Health service manager. D) Administrative service manger. Show Answer Correct Answer: C) Health service manager. 8. A list of steps to be followed for performing certain work is a A) Method. B) Process. C) Goal. D) Procedure. Show Answer Correct Answer: D) Procedure. 9. Fatima spends most of her time planning and leading at work. She is considered as a ..... manager. A) Lower level. B) Top. C) Middle level. D) First line. Show Answer Correct Answer: B) Top. 10. Which is the characteristic of a traditional work team A) Team leader controls routine tasks. B) Group decision making. C) One or two broad tasks. D) Effectiveness based on team performance. Show Answer Correct Answer: A) Team leader controls routine tasks. 11. An ..... chart shows how the business is structured and who is in charge of who. A) Organizational. B) Staff. C) Time. D) Management. Show Answer Correct Answer: A) Organizational. 12. What protects you in the event that you harm someone or damage any of their property? A) Life insurance. B) Property insurance. C) The IT guy. D) Liability insurance. Show Answer Correct Answer: D) Liability insurance. 13. Managers who are responsible for producing goods and services for a company A) Activity Scheduling. B) Supervisiory Managers. C) Operations Managers. D) Production Managers. Show Answer Correct Answer: C) Operations Managers. 14. Which business strategy am I? Providing unique products and services in ways that are widely valued by buyers (i.e. high quality, extraordinary service, innovative designs, etc). A) Focus. B) Prospector. C) Analyzer. D) Differentiation. Show Answer Correct Answer: D) Differentiation. 15. The ratio of outputs to inputs during production A) Production. B) Level of production. C) Productivity. D) None of above. Show Answer Correct Answer: C) Productivity. 16. What is the purpose of affirmative action legislation? A) To improve the career prospects of traditionally more disadvantaged people. B) To ensure that women get all the top jobs. C) To ensure that maternity leave is accessible to all. D) To ensure that people from minorities get access to interviews. Show Answer Correct Answer: A) To improve the career prospects of traditionally more disadvantaged people. 17. Which of the following is probably the least important factor in becoming an entrepreneur? A) Having a desire to be your own boss. B) Living in a major city. C) Having special skills and abilities. D) Developing a good business plan. Show Answer Correct Answer: B) Living in a major city. 18. Which of the following are the three major areas of customer complaints? A) Poor service, inaccurate forms, and rudeness. B) Improper decisions, oversight, and service. C) Labeling, faulty design, and mispricing. D) Product, personnel, and the business. Show Answer Correct Answer: D) Product, personnel, and the business. 19. The project manager controls what the project will and will not do, known as the project's A) Schedule. B) Scope. C) Budget. D) Plan. Show Answer Correct Answer: B) Scope. 20. Which tasks would be performed by someone in an Administration and Information Support career? A) Analyzing information to predict future sales and supervising others. B) Answering telephone calls and filing paperwork. C) Training employees and administering employee benefits. D) Hiring and firing employees and approving budgets. Show Answer Correct Answer: B) Answering telephone calls and filing paperwork. 21. Which form of promotion is generally emphasized for complex, technical products sold to industrial users? A) Publicity. B) Personal Selling. C) Sales Promotion. D) Advertising. Show Answer Correct Answer: B) Personal Selling. 22. This assumes people are generally lazy and will avoid work if they can: ..... A) Theory Z. B) TQM (Total Quality Management). C) Theory Y. D) Theory X. Show Answer Correct Answer: D) Theory X. 23. What is not an example of financial motivation? A) Piecerate. B) Pay rise. C) Bonus. D) Praise. Show Answer Correct Answer: D) Praise. 24. A broad guideline for managers to follow when dealing with important areas of decision making is called A) Form. B) Documentation. C) Policy. D) Procedure. Show Answer Correct Answer: C) Policy. 25. Which of the following drives could be satisfied with bonuses or performance-related pay? A) Drive to Acquire. B) Drive to Bond. C) Drive to Learn. D) Drive to Defend. Show Answer Correct Answer: A) Drive to Acquire. 26. Thomas is listening to his employees' ideas about how to improve their time management. What directing activity is Thomas engaging in? A) Communicating. B) Supervising. C) Motivating. D) Instructing. Show Answer Correct Answer: A) Communicating. 27. Devising strategy to expand the business internationally is ..... A) Leading. B) Controlling. C) Planning. D) Organizing. Show Answer Correct Answer: C) Planning. 28. Stacey works at a fancy gift shop. Many of the items in the shop are expensive collectibles, and Stacey is very knowledgeable about them. Today, a man comes in looking for a gift for hiswife. Stacey offers to help, but he just grunts at her and turns his back. Stacey's customer is A) Impatient. B) Leave-me-alone. C) Insulting. D) Argumentative. Show Answer Correct Answer: B) Leave-me-alone. 29. Who is normally responsible for purchasing the proper material resources for workers to use in doing their jobs? A) First-line workers. B) Middle managers. C) Top-level managers. D) Supervisory managers. Show Answer Correct Answer: B) Middle managers. 30. Which of the following is not a characteristic of a service A) Difficult to store. B) Minimal customer contact. C) Intagngible. D) Labour Intensive. Show Answer Correct Answer: B) Minimal customer contact. 31. The accumulated knowledge and skills of human beings and the total value of each person's education and acquired skills are called ..... A) Human labor. B) Human potential. C) Human capital. D) Human knowledge. Show Answer Correct Answer: C) Human capital. 32. To demonstrate a customer-service mindset, employees must believe that customersdeserve their A) Complete attention. B) Personal opinions. C) Unsolicited advice. D) Limited information. Show Answer Correct Answer: B) Personal opinions. 33. To avoid pitfalls in planning, managers should A) Only look at the one plan and focus on that. B) Look at the big picture and long term goals. C) Look at what other companies are doing. D) Make sure their mid level managers are not calling in sick. Show Answer Correct Answer: B) Look at the big picture and long term goals. 34. What management function is being described in the following situation:Tatyana, atop-level manager, identifies jobs to be performed, assigns responsibility for them, establishesdepartments to handle the jobs, and determines how many and which employees mid-level managers will supervise. A) Organizing. B) Planning. C) Controlling. D) Directing. Show Answer Correct Answer: A) Organizing. 35. ..... production involves transforming raw materials into goods. A) Secondary. B) Tertiary. C) Quatenary. D) Primary. Show Answer Correct Answer: A) Secondary. 36. Which of the following tasks would a manager complete when organizing? A) Writing a marketing plan. B) Training staff. C) Arranging an office space. D) Hiring employees. Show Answer Correct Answer: C) Arranging an office space. 37. Which of the following could be used to satisfy Maslow's Self-Esteem Needs? A) Introduce flexible working hours so staff can start their working day later. B) Introduce an 'Employee of the Week' Award. C) Provide employees with a free breakfast at work. D) Organise a staff lunch at a restaurant every Friday. Show Answer Correct Answer: B) Introduce an 'Employee of the Week' Award. 38. This method reduces the amount of stock held by ensuring products are made only when ordered A) Total quality management. B) Just-in-time. C) Benchmarking. D) Cradle-to-cradle. Show Answer Correct Answer: B) Just-in-time. 39. How would you classify a manager that's in charge of a department? A) Middle Manager. B) Operational Manager. C) Low-Level Manager. D) Top-Level Manager. Show Answer Correct Answer: A) Middle Manager. 40. Managing reservations, banquets and housekeeping are examples of duties for which business management career? A) Administrative service manager. B) Hotel manager. C) Health admin. D) Public relations manager. Show Answer Correct Answer: B) Hotel manager. 41. To manage time efficiently, supervisors must be able to A) Determine the work to be done. B) Set priorities for the most important work. C) Ensure that the work is completed properly and on time. D) Do all of these activities. Show Answer Correct Answer: D) Do all of these activities. 42. Process of recruiting, hiring, training, evaluating, and compensating employees A) Staffing. B) Organizing. C) Controlling. D) Leading. Show Answer Correct Answer: A) Staffing. 43. What is one of the purposes of having business policies? A) To encourage customers to make frequent exchanges. B) To make sure the business's actions are consistent. C) To ensure that the business makes a profit. D) To allow employees to make decisions regarding customers. Show Answer Correct Answer: B) To make sure the business's actions are consistent. 44. Maintenance and repairs is an operations activity that includes A) Site selection. B) Financial analysis. C) Custodial work. D) Production planning. Show Answer Correct Answer: C) Custodial work. 45. The stated duty to deal with something, having control over someone, OR the opportunity or to act independently and make decisions without authorization A) Manager. B) Responsibility. C) Productivity. D) Coordinator. Show Answer Correct Answer: B) Responsibility. 46. Gross Domestic Product is calculated by ..... A) Total market value of production over a set amount of time minus costs of production. B) Total market value of production annually minus tax costs. C) Total market value of production over a set amount of time plus costs of production. D) Market value of a product minus costs of production. Show Answer Correct Answer: A) Total market value of production over a set amount of time minus costs of production. 47. Which of the following jobs are not easily replaced by automation and technology? A) Travel agent. B) Stock clerk. C) Structural metal fabricator. D) Mail sorter. Show Answer Correct Answer: B) Stock clerk. 48. Franklin reviews financial data of a company to ensure accurate and complete information. Which job title does he most likely have? A) Credit Analyst. B) Financial Manager. C) Accountant. D) Auditor. Show Answer Correct Answer: D) Auditor. 49. If a manager sees that actual expenses are exceeding budgeted amounts, he or she should immediately ..... A) Do nothing and see if things change. B) Discard the old budget and develop a new one. C) Review expenses to see what can be done to reduce them. D) Increase the prices of products to improve sales. Show Answer Correct Answer: C) Review expenses to see what can be done to reduce them. 50. Which of the following accounting statements answers the question, "How profitable is the firm? " A) Balance sheet. B) Income statement. C) Statement of financial positin. D) Cash budget. Show Answer Correct Answer: B) Income statement. 51. Which of the following is something you should NOT concern yourself with when making an ethical decision? A) Is it legal?. B) Is it cost effective?. C) Is it beneficial?. D) Could my family and managers respect my decision?. Show Answer Correct Answer: B) Is it cost effective?. 52. In Maslows Hierarchy, physiological needs refer to: A) Food and water. B) Affection. C) Recognition and Respect. D) Personal Growth. Show Answer Correct Answer: A) Food and water. 53. As managers are faced with many of the challenges presented by a multicultural workplace, there is a greater need for ..... toward issues. A) Communicate. B) Staffing. C) Change. D) Sensitivity. Show Answer Correct Answer: D) Sensitivity. 54. Electronic digital computers were developed in the A) 1980s. B) 1920s. C) 1960s. D) 1940s. Show Answer Correct Answer: D) 1940s. 55. What should salespeople do when they must cope with customers who are being disagreeable? A) Speed up the sale to minimize opportunity for disagreement. B) Use product knowledge to prove they are wrong. C) Listen patiently and try to stay calm. D) Ask them to come back when they are ready to buy. Show Answer Correct Answer: C) Listen patiently and try to stay calm. 56. Carpal tunnel syndrome is a health problem related to the A) Shoulder. B) Wrist. C) Elbow. D) Lower back. Show Answer Correct Answer: B) Wrist. 57. A business must have a ..... that parties follow to resolve resolutions A) Dispute resolution procedure. B) Dispute collective agreement. C) Award agreement procedure. D) Arbitration conciliation process. Show Answer Correct Answer: A) Dispute resolution procedure. 58. Entrepreneurs ..... A) Cannot tolerate ambiguity or uncertainty. B) Must have a business degree. C) Are unable to problem solve and learn from failure. D) Come from all ages, race, and educational backgrounds. Show Answer Correct Answer: D) Come from all ages, race, and educational backgrounds. 59. A total commitment by everyone in an organization to improve the quality of procedures and products by reducing waste, errors, and defects A) Classical management. B) Behavioral management. C) Administrative management. D) Quality managment. Show Answer Correct Answer: D) Quality managment. 60. A financial plan used to determine when to replace or purchase fixed assets. A) Operating budget. B) Capital budget. C) Start-up budget. D) Cash budget. Show Answer Correct Answer: B) Capital budget. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesBusiness Management Quiz 1Business Management Quiz 2Business Management Quiz 4Business Management Quiz 5Business Management Quiz 6Business Management Quiz 7Business Management Quiz 8Business Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books