This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Business > Business Management – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Business Management Quiz 4 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What procedure is used to evaluate the work and accomplishment of an employee and provide feedback about how well the employee is meeting expectations? A) What-if analysis. B) Coaching. C) Contingency plan. D) Performance review. Show Answer Correct Answer: D) Performance review. 2. A manager who realized that each employee has different background as well as different attitudes, skills and needs demonstrating the human relations skill of A) Communication. B) Self-awareness. C) Employee empowerment. D) Understanding others. Show Answer Correct Answer: D) Understanding others. 3. Which of the following is NOT what dynamic companies have in common that makes them successful? A) Centralization of Authority. B) Accepting Change. C) Controlling Cost. D) Hiring Carefully. Show Answer Correct Answer: A) Centralization of Authority. 4. A type of termination in which an employee leaves the business to pursue work elsewhere. A) Redundancy. B) Retirement. C) Dismissal. D) Resignation. Show Answer Correct Answer: D) Resignation. 5. Which of the following is not one of the five steps of the delegation process? A) Briefing. B) Authority. C) Control. D) Appraisal. Show Answer Correct Answer: B) Authority. 6. Revise the policy in the policy development process is step A) 5. B) 4. C) 3. D) 2. Show Answer Correct Answer: A) 5. 7. Which of the following is a benefit of using project management software: A) Improved efficiency. B) Less need for management. C) Smaller project team size. D) Better governance mechanisms. Show Answer Correct Answer: A) Improved efficiency. 8. ..... is a form of innovation directly associated with the technical development of existing products or processes or the creation of new ones. A) Research & development (R & D). B) Kanban. C) Operations management. D) Total quality management. Show Answer Correct Answer: A) Research & development (R & D). 9. Operations management involves producing goods, quality control, managing the supply chain, product development, ..... of goods and purchasing of external products. A) Shipping. B) Selling. C) Warehousing. D) Storing. Show Answer Correct Answer: C) Warehousing. 10. If a company continuously fails to deliver on its brand promise, it will probably: A) Increase market share. B) Lose credibility. C) Improve sales volume. D) Decrease liability. Show Answer Correct Answer: B) Lose credibility. 11. This role requires you to make changes in policies or resolve conflicts in the work place as a manager. A) Information-Related Role. B) Decision Making Role. C) Required Roll. D) Interpersonal Role. Show Answer Correct Answer: B) Decision Making Role. 12. College presidents, school superintendents, and school principals are all classified as which business administrator? A) Administrative admin. B) Human resource manager. C) Public relations manager. D) Education admin. Show Answer Correct Answer: D) Education admin. 13. Acquire businesses in different stages of production A) Chain of Production. B) Vertical Integration. C) Horizontal Integration. D) Virtual Integration. Show Answer Correct Answer: B) Vertical Integration. 14. Which of the following statements is true about conflict? A) All conflict should be avoided. B) A little conflict is sometimes beneficial. C) Win/lose strategies are most often used by manager. D) Managers should not compromise or they lost authority. Show Answer Correct Answer: B) A little conflict is sometimes beneficial. 15. To determine the creditworthiness of people or organizations, businesses apply the ..... A) Four C's of credit. B) 80/20 rule. C) "Keep it simple" policy. D) Minimum approval rate standard. Show Answer Correct Answer: A) Four C's of credit. 16. What management function involves monitoring customer satisfaction? A) Planning. B) Leading. C) Controlling. D) Organizing. Show Answer Correct Answer: C) Controlling. 17. One disadvantage of the differentiation strategy A) Costs are often increased. B) Brand loyalty is reduced. C) It can lower quality. D) None of the above. Show Answer Correct Answer: A) Costs are often increased. 18. Management and Administration are A) Same. B) Different. C) Partly same and partly different. D) Same and different. Show Answer Correct Answer: C) Partly same and partly different. 19. The chain of command from the highest authority to the lowest level in the organization is ..... A) Unity of direction. B) Unity of command. C) Centralization. D) Scalar chain. Show Answer Correct Answer: D) Scalar chain. 20. According to the SBA, a small business is an independent business with fewer than ..... employees. A) 500. B) 100. C) 50. D) 10. Show Answer Correct Answer: A) 500. 21. What will earn leaders commitment and loyalty from a group member? A) Exhibiting trust and respect. B) Shouting at subordinates. C) Being a poor role model. D) None of above. Show Answer Correct Answer: A) Exhibiting trust and respect. 22. In which role are managers acting when they represent their organization and maintain effective relationships? A) Relationship builders. B) Decision makers. C) Middle managers. D) Communicators. Show Answer Correct Answer: A) Relationship builders. 23. ..... is monitoring progress toward goal achievement and taking corrective action when needed A) Leading. B) Planning. C) Organizing. D) Controlling. Show Answer Correct Answer: D) Controlling. 24. A sentence describing the purpose of the business is called A) Business plan. B) Projection. C) Mission statement. D) Market analysis. Show Answer Correct Answer: C) Mission statement. 25. Which of the following is NOT a responsibility of a manager or supervisor? A) Keep the business moving toward set goals. B) Set goals for the business. C) Identify exceptional employees. D) Guide the activities of the business. Show Answer Correct Answer: B) Set goals for the business. 26. What are the four main strategies to improve efficiency and effectiveness of operations? A) TQM, Materials Management, Waste minimisation (lean Management), Technology. B) Just in time, TQM, Waste minimisation. C) Technology, Materials Management, Quality, Lean Management. D) Quality, Technology, Materials Management, Facilities layout. Show Answer Correct Answer: C) Technology, Materials Management, Quality, Lean Management. 27. This training is not focused on a particular aspect of the business. It helps employees develop thinking and processing skills. A) On-the-job training. B) Cognitive training. C) Behavioral training. D) Induction. Show Answer Correct Answer: B) Cognitive training. 28. How are horizontal organizations organized? A) By process. B) By managers. C) By coaches. D) By teams. Show Answer Correct Answer: A) By process. 29. Michelle is attending a monthly meeting with other company managers to hear updates about what each manager is doing. A) Organizing. B) Leading. C) Planning. D) Controlling. Show Answer Correct Answer: A) Organizing. 30. Which of the following is the ability of team members to give up an idea of their own to consider or use ideas of others? A) Collaboration. B) Conglomeration. C) Cooperation. D) Compromise. Show Answer Correct Answer: D) Compromise. 31. The ability of an operations system to offer customer value is determined by? (Identify all) A) Productivity, quality, speed, reliability, trust, flexibility. B) Productivity, quality, speed, reliability, flexibility. C) Productivity, quality, speed, reliability, flexibility, teamwork. D) Productivity, quality, speed, reliability. Show Answer Correct Answer: B) Productivity, quality, speed, reliability, flexibility. 32. Why is it important for managers to provide stability through direction? A) Instability leads to greater chance of high reward. B) Employees who feel secure are more productive and happier. C) By providing stability, managers can eliminate risk. D) Companies that have stability struggle to guide employees' work. Show Answer Correct Answer: B) Employees who feel secure are more productive and happier. 33. Most of the money needed to start a business comes from A) The owner and his/her family and friends. B) Selling stock. C) Bank loans. D) Credit from other businesses. Show Answer Correct Answer: A) The owner and his/her family and friends. 34. A performance management strategy in which feedback is provided by managers, customers and other employees. A) Appraisal. B) Management by Objectives. C) Self-Evaluation. D) Employee Observation. Show Answer Correct Answer: D) Employee Observation. 35. As employees go about their daily activities, their actions should be driven by whether the actions will: A) Result in customer satisfaction. B) Bring them personal fulfillment. C) Be witnessed by customers. D) Result in additional sales. Show Answer Correct Answer: A) Result in customer satisfaction. 36. Which of the following is not a role of the FWC? A) Create Awards. B) Handle unfair dismissal cases. C) Create agreements. D) Provide information to businesses regarding pay and conditions. Show Answer Correct Answer: C) Create agreements. 37. How many National Employment Standards are there? A) 8. B) 10. C) 12. D) 5. Show Answer Correct Answer: B) 10. 38. The important principles that guide decisions and action in a company are called ..... values. A) Beliefs. B) Leadership. C) Ethical. D) Core. Show Answer Correct Answer: D) Core. 39. Companies that contract with employers to manage human resource functions and employer liability by contractually assuming employer rights and responsibilities. A) Professional Employer Organization (PEO). B) Third-Country National (TCN). C) Global Firm. D) Multinational Enterprise (MNE). Show Answer Correct Answer: A) Professional Employer Organization (PEO). 40. A main goal of customer experience management is creating A) New products. B) Innovative technology. C) Higher employee salaries. D) Word-of-mouth promotion. Show Answer Correct Answer: D) Word-of-mouth promotion. 41. Those who gained their riches at the expense of the poor and working class are called A) Entrepreneurs. B) Big businessmen. C) Philanthropists. D) Robber barons. Show Answer Correct Answer: D) Robber barons. 42. Workplace relations laws exist for what reason? A) To protect the relationship between businesses and consumers. B) To support and protect the relationship between employees and employers. C) To improve education and training for employees. D) To review policy and legislation protecting staff. Show Answer Correct Answer: B) To support and protect the relationship between employees and employers. 43. Managers ..... within their information-related roles to provide knowledge, news, or advice to employees. A) Change. B) Sensitivity. C) Communicate. D) Deductions. Show Answer Correct Answer: C) Communicate. 44. A refusal to work organised by a body of employees as a form of protest, typically in an attempt to gain a concession or concessions from their employer. A) Go slow/slow down. B) Work-to-rule. C) Strike. D) Lock-out. Show Answer Correct Answer: C) Strike. 45. Which of the following activities of supervisors relates most directly to quality control? A) Developing work schedules. B) Developing and checking standards. C) Using effective listening skills. D) Setting priorities so that the most important work gets done. Show Answer Correct Answer: B) Developing and checking standards. 46. What are three functions of management? A) Control, plan, organize. B) Lead, communicate, plan. C) Control, plan, oversee. D) None of above. Show Answer Correct Answer: A) Control, plan, organize. 47. Radio, Television, and Billboards are examples of ..... A) Personal selling. B) Advertising. C) Sales promotion. D) Public relations. Show Answer Correct Answer: B) Advertising. 48. A boutique owner set a goal to open two additional stores in the next three years. What type of organizational goal has the boutique owner set? A) Profit. B) Market share. C) Growth. D) Control. Show Answer Correct Answer: C) Growth. 49. Workers deliberately work below their potential A) Collective bargaining. B) Lock-out. C) Go slow/slow-down. D) Work to rule. Show Answer Correct Answer: C) Go slow/slow-down. 50. What is the job of a business manager A) Oversee the activities of workers. B) Ensure that a company or department is on track to meet its financial goals. C) Hire, train and evaluate new employees. D) All of the above. Show Answer Correct Answer: D) All of the above. 51. The difference in value between exports and imports of a nation A) Trade equilibrium. B) Export deficit. C) Balance of trade. D) Trade quota. Show Answer Correct Answer: C) Balance of trade. 52. What component of customer relationship management often "makes or breaks" a business's program? A) People. B) Processes. C) Strategies. D) Technology. Show Answer Correct Answer: A) People. 53. The general way a manager treats and supervises employees is called A) Leadership style. B) Power. C) Human relations. D) Management. Show Answer Correct Answer: A) Leadership style. 54. Which of the following is not a task suited to delegation? A) Tasks from part of a larger project. B) Training and development. C) Organisation of data. D) High risk decisions. Show Answer Correct Answer: D) High risk decisions. 55. Which of the following is NOT an effective practice in enforcing work rules? A) Provide written copies of all rules to employees. B) Consider special circumstances before determining the penalty. C) Punish in public and praise in private. D) All are effective practices. Show Answer Correct Answer: C) Punish in public and praise in private. 56. Ownership of a corporation is divided into parts called ..... A) Shares. B) Memberships. C) Corporation parts. D) Partnerships. Show Answer Correct Answer: A) Shares. 57. A form of mass production in which the flow is broken up by teams of workers who are responsible for certain parts of the line. A) Batch production. B) Cellular manufacturing. C) Customized production. D) Batch production. Show Answer Correct Answer: B) Cellular manufacturing. 58. Software that provides online ordering capabilities for shoppers is known as A) Point-of-sale software. B) An electronic shopping cart. C) Safe host order processor (SHOP). D) A virtual scanner. Show Answer Correct Answer: B) An electronic shopping cart. 59. The type of manager who works most directly with employees on a daily basis is A) An executive. B) A mid-manager. C) A supervisor. D) None of these. Show Answer Correct Answer: C) A supervisor. 60. What is Unit 3, AOS3 called? A) Managing a Business. B) Managing Employees. C) Operations Management. D) Employee Relations. Show Answer Correct Answer: C) Operations Management. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesBusiness Management Quiz 1Business Management Quiz 2Business Management Quiz 3Business Management Quiz 5Business Management Quiz 6Business Management Quiz 7Business Management Quiz 8Business Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books