Business Management Quiz 50 (25 MCQs)

Quiz Instructions:

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1. Every project creates a(n)

2. A _____ is an economic good; an article of commerce especially when delivered for shipment.

3. A financial reward system where employee pay is tied to their performance?

4. _____ refers to a form of business that has a social purpose. The a ims may include improving human, social, or environmental well-being.

5. The money a business collects from sales is called _____

6. A result of global competition on the U.S. auto industry was that

7. The relocation of a business process or entire manufacturing facility to a foreign country.

8. A small-business manager who considers how a one-person reduction in office staff could impact the rest of his/her company is demonstrating

9. The law that requires employees to pay covered employees overtime pay at 1.5 times the regular rate of pay is the

10. This type of culture is where a few individuals retain the essential power.

11. The important principles that guide decisions and action in a company are called _____ values.

12. Supervisors who use _____ management are more directive and controlling.

13. An experienced manager who meets regularly with a new manager to provide feedback and advice

14. What is dispatching

15. A pricing strategy is

16. In order to be considered a bank, a financial institution must do all of the following except

17. A disadvantage to line authority is that the managers have _____ who help with their responsibilities.

18. Which of the following is a benefit of using the functional organizational structure

19. If all of the individuals who own a business share unlimited liability for the business's losses, these individuals are part of a (n)

20. The Industrial Revolution began primarily because of

21. Laissez-Faire management style is also called

22. A report of a company's income, expenses, and profits over a certain period of time.

23. Influences that come from within the business are in the

24. Sourcing money from the business owner's personal finances is which of the following sources of finance?

25. Employee's Motivational Technique is