Business Management MCQ Quiz: Exam!

15 Questions | By Bwags98 | Last updated: Mar 21, 2022 | Total Attempts: 1728

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Business Management MCQ Quiz: Exam! - Quiz

What do you know about business management? Business management refers to managing and coordinating all aspects of a business. It is the authority to plan, organize, direct and control business resources for a specific goal. Business managers have the responsibility and power to oversee or supervise a group or company while making crucial business decisions. This quiz is ideal if you are a business major. All the best.

Questions and Answers

1.

There are four main functions of Management. They are:
- A.
  
  Leading, Directing, Planning, Controlling
- B.
  
  Planning, Controlling, Staffing, Organizing
- C.
  
  Planning, Organizing, Controlling, Leading
2.

A strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats to a project. It involves specifying the objective of the project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective.
- A.
  
  Implementation Strategy
- B.
  
  SWOT Strategy
- C.
  
  Growth Strategy
- D.
  
  Focus Strategy
3.

When organizing a company, you must decide which type of company you want to be. Which of the following is NOT an option?
- A.
  
  Bureaucracy
- B.
  
  Sole Proprietorship
- C.
  
  Partnership
- D.
  
  Corporation
4.

A group of people working together in a coordinated effort to reach certain goals can best be described as a(n)
- A.
  
  Authority
- B.
  
  Organization
- C.
  
  Special force
- D.
  
  Division
5.

In this organization authority originates at the top and moves downward in a line:
- A.
  
  Matrix organization
- B.
  
  Team organization
- C.
  
  Line and staff organization
- D.
  
  Line organization
6.

Leaders who do not listen to other people but make all the decisions themselves are known as
- A.
  
  Laissez-faire leaders
- B.
  
  Democratic leaders
- C.
  
  Autocratic leaders
- D.
  
  Coercive leaders
7.

The lowest level of management is
- A.
  
  Supervisory management
- B.
  
  Middle management
- C.
  
  Senior management
- D.
  
  Upper management
8.

A manager in this role decides how many and what kind of people a business needs to meet its goals, and then recruits select and trains the right people.
- A.
  
  Planning
- B.
  
  Staffing
- C.
  
  Leading
- D.
  
  Organizing
9.

An organization that has many levels with small spans of management is called?
- A.
  
  Tall structure
- B.
  
  Flat structure
- C.
  
  Short structure
- D.
  
  Team structure
10.

The idea that personality, social, or even physical traits determine good leadership is associated with?
- A.
  
  Reinforcement theory
- B.
  
  Path-goal theory
- C.
  
  Leadership theory
- D.
  
  Trait theory
11.

The point at which increasing controls no longer increase performance or reduce costs is determined through
- A.
  
  Economic behaviors
- B.
  
  Setting standards
- C.
  
  Cost-benefit analysis
- D.
  
  Analyzing behavior
12.

Which of the following is owned by one person?
- A.
  
  Parntership
- B.
  
  Sole Proprietorship
- C.
  
  Corporation
- D.
  
  LLC
13.

Business Management Theory that assumes people are basically lazy and will avoid working if they can
- A.
  
  Theory X
- B.
  
  Theory Y
- C.
  
  Theory Z
- D.
  
  TQM