Commerce Quiz

18 Questions | Total Attempts: 92

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Commerce Quizzes & Trivia

Commerce relates to the exchange of goods and services, especially on a large scale. A manager is an important part of a business and helps a company in meeting its shareholders expectations. The quiz below tests your knowledge of commerce and what it entails. Give it a try an all the best!


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Questions and Answers
  • 1. 
    What are the four management roles?
    • A. 

      Negotiating, Communicating, Problem solving

    • B. 

      Planning, Organising, Leading, Controlling

    • C. 

      Time keeping, Communication, Organisation, Considerate

    • D. 

      Kind, Friendly, Caring, Nice

  • 2. 
    Which best describes the manager skill, communication?
    • A. 

      Getting along with others

    • B. 

      Being a good talker

    • C. 

      Process of transferring information from one party to another, visual, verbal or written

    • D. 

      Being able to convey your ideas and thoughts

  • 3. 
    What are the stages of problem solving? 
    • A. 

      Gather the facts

    • B. 

      Discuss the issue

    • C. 

      Monitor and review

    • D. 

      Identify the problem

    • E. 

      Select alternatives

    • F. 

      Panic

    • G. 

      Implement

    • H. 

      Research

    • I. 

      Develop alternatives

  • 4. 
    A ------------- is a new idea or invention or an improved existing product.
  • 5. 
    In a Social Responsibility Management (SRM) section what two statements would you expect to find?
    • A. 

      Environmental Impact Statement

    • B. 

      Fundraising Goals Statement

    • C. 

      Go Green Statement

    • D. 

      Community Awareness Statement

  • 6. 
    What are the components of a Marketing Plan?
    • A. 

      S.W.O.T. analysis

    • B. 

      Competitive analysis

    • C. 

      Target market

    • D. 

      Promotional strategy

    • E. 

      Pricing policy

  • 7. 
    The product definition, Location, Ownership structure and Pricing policy are located in the Operational plan?
    • A. 

      True

    • B. 

      False

  • 8. 
    What sentence best sums up controlling?
    • A. 

      Process of delegating jobs to employees.

    • B. 

      Process of evaluating performance and taking action to ensure that objects are being achieved.

    • C. 

      Process of taking charge and telling employees what to do

    • D. 

      Running the bussiness

  • 9. 
    What sentence best sums up leading?
    • A. 

      Ability to motivate, inspire and control employees

    • B. 

      Process of looking after fellow colleagues

    • C. 

      Process of motivating, inspiring and influencing employees to work to their best potential.

  • 10. 
    A good leader should take into account their employees...
    • A. 

      Informational qualities

    • B. 

      Interpersonal qualities

    • C. 

      Communication qualties

    • D. 

      Decision making qualities

  • 11. 
    The management role organising requires managers to take into account resources, time and money.
    • A. 

      True

    • B. 

      False

  • 12. 
    What are some forms of income?
    • A. 

      Phone bill

    • B. 

      Wages/Salary

    • C. 

      Government payments

    • D. 

      Gifts

    • E. 

      Investment income

  • 13. 
    Performance Reports(AMT-amount)AMT=Actual-Budgeted
    • A. 

      True

    • B. 

      False

  • 14. 
    Performance Reports%=Amount ÷ Budget x 100
    • A. 

      True

    • B. 

      False