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Business Management Quiz 7 (60 MCQs)

Quiz Instructions

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1. A manufacturing company is well-suited for a divisional organizational structure broken down by
2. The type of financing needed for the main resources that will last for many years is called
3. Which term describes a distinct group of customers with similar characteristics and similar needs or wants?
4. A study relating to the fixing of the working hours with rest periods to recoup the energy while performing in job is called
5. Professionals in the Administration and Support cluster handle business information and personal records on a daily basis. Therefore the need for ..... within this pathway is paramount.
6. An experienced manager who meets regularly with a new manager to provide feedback and advice
7. This level of management includes department heads and district sales managers.
8. When it comes to brand promise, employees should
9. Which of the following is a benefit of using the functional organizational structure:
10. Examples of transferable skills
11. Employees will be most successful when they move into a management position if
12. A ..... degree is common to start an entry-level job in the field of Human Resources. A broad base of business knowledge and background in the social sciences are preferred.
13. Lower premiums and the ability to control the claims process are advantages of
14. Which concept measures how well a business uses its resources in the production process?
15. Businesses need to seek ..... opportunities to expand
16. ..... is a strategy to ensure that employees are selected, used and developed in the most effective way
17. Katherine is determining the objectives for her company for the year.
18. Highly effective communication can have an impact on what area of project success?
19. Rita enjoys routine, so her manager gives her the same tasks every week. Therefore, Rita is satisfied with her job and wants to perform at a high level. Rita's manager is motivating her based on
20. ..... is the obligations a business has over and above its legal responsibilities to the wellbeing of employees and customers, shareholders and the community as well as the environment.
21. What is the LEAST important factor in becoming an entrepreneur?
22. The Dean of the Faculty of Business Management, QA University, is the keynote speaker at a retirement dinner held by the university. This is an example of which role?
23. Being able to foresee a businesses future; is a quality of which management skill
24. Which agency enforces laws concerning air and water pollution?
25. Last month, Monica used her Old Navy credit card to purchase $ 200 worth of clothing and accessories. When Monica received the bill, it stated that she had to make a minimum payment of $ 20. This is an example of a(n) ..... credit account.
26. Which of the following is not a management responsibility?
27. The organization structure that is efficient but with many layers of management is the
28. This involves analyzing of information and making decisions about what needs to be done. This includes long term and short term goals.
29. Which is NOT a leadership style?
30. Factors of production include .....
31. In automated accounting, an audit .....
32. Which of the following has a direct impact on a manager's span of control?
33. Which of the following is not one of the five functions of management?
34. Which of the following is a common customer relationship management practice:
35. When managers are grouping related tasks into departments or teams, they are
36. The marketplace is the essence of which of the following?
37. What are the main approaches of Porter's Generic strategies that are relevant for our exam?
38. How many core TQM concepts are there?
39. An estimate of cash flowing in and out of a business.
40. Small businesses employ ..... of private sector employees in the United States.
41. Anticipating problems and coping with change is one of the positives of
42. The first step in developing a business plan is to .....
43. Dismissing (Firing) an employee for poor attendance rate
44. A business that takes natural resources and converts them into a consumer good.
45. Which of the following describes the matrix organizational structure:
46. A statement describing the purpose of your business
47. According to ....., all people have five basic type of needs.
48. The most important factor in carrying out brand promise is:
49. A type of business that moves goods from the manufacturer to the consumer.
50. Takes place during the production process when the value of output to consumers is greater than the costs of production to the firm.
51. The basic accounting equation is
52. The following are which type of problems when starting a business:1. Accounts were not kept properly-cash flow, in particular, was a problem 2. Raising start-up capital was too difficult 3. Raising medium-term to long-term finance was difficult
53. A manager evaluates the production output of a department by checking it against the production goals for that time period. This is an example of the ..... function of management
54. Why is leadership important in the change management process?
55. In which stage of project management is the product delivered?
56. Which of these is a skill important for managers?
57. What is a cost associated with customer complaints?
58. Anything that interferes with the sender's creation and deliver of a message and the receiver's receipt and interpretation of a message is .....
59. A computer that stores data and application software for all workstations in a single building or building complex is called a
60. Discrimination in hiring based on race, ethnicity, religion, gender, or national origin is prohibited by the
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