Quiz: Business And Commerce MCQ
Here we bring you a Business and Commerce MCQ. Commerce relates to the exchange of goods and services, especially on a large scale. A manager is an integral part of a business and helps a company meet its shareholder's expectations. The quiz below tests your knowledge of commerce and what it entails. Give it a try an all the best!
- 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
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