A Quick Business Management Sample Quiz

10 Questions | By MasterCorp | Updated: Feb 13, 2023 | Attempts: 222

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A Quick Business Management Sample Quiz - Quiz

Questions and Answers

1.

As a leader you must get your company to believe that work and goals are worthwhile.
- A.
  
  True
- B.
  
  False
2.

When participating in a meeting, you should give your opinion on every single topic.
- A.
  
  True
- B.
  
  False
3.

When dealing with conflict in the office you should :
- A.
  
  Make a point to make an example in front of everyone ?
- B.
  
  Yell at employees to stop what they doing ?
- C.
  
  Calmly ask all involved to come to your office to resolve the matter in private ?
- D.
  
  Fire involved parties on the spot
4.

___________, also referred as COGS, or Cost of Sales, are direct costs or direct expenses because they are directly associated with making what the company sells (i.e - manufacturer), cost directly associated with the service the company supplies ( i.e - ISP - Internet Service Provider), or what a company would pay for what it sells in its stores ( i.e - retailers)
- A.
  
  Cost of Goods Sold
- B.
  
  Cost of Great Sales
- C.
  
  Cost of Goods Stolen
- D.
  
  Cost of Goods Support
5.

Which one of the following is not a trait of strong leadership?
- A.
  
  Intimidate your employees
- B.
  
  Develop trust and credibility
- C.
  
  Share the vision with absolute clarity
- D.
  
  None of the above
6.

You should try to manage each personality the same way as this will work.
- A.
  
  True
- B.
  
  False
7.

To retain and keep employees you should always rule with intimidation.
- A.
  
  True
- B.
  
  False
8.

A balance sheet is often described as a:
- A.
  
  Liability or Owners Equity
- B.
  
  "Snapshot" of the company's current financial situation
- C.
  
  Claims of owners against the business
- D.
  
  Option 4
9.

Liabilities are what a company owes such as notes payable, trade accounts payable and bonds.
- A.
  
  True
- B.
  
  False
10.

Friendly customer service creates a positive experience by being happy and willing to help, respectful and communicating with the individual as a person.
- A.
  
  True
- B.
  
  False