A Business Education Baseline Test Quiz

40 Questions | By Calffrey | Updated: Mar 21, 2022 | Attempts: 678

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A Business Education Baseline Test Quiz - Quiz

Here we present you A Business Education Baseline Test Quiz! Management is the practice of manipulating all the resources available to a company to ensure that you meet the business goals and objectives. Different management styles have been used throughout time, and the questions below are designed to test your understanding of all the basics of business. Why don’t you give it a try and refresh your memory?

Questions and Answers

1.

How would you describe an authoritarian (or controlling) management style?
- A.
  
  A manager who involes employees in decision making.
- B.
  
  A manager who asks staff for feedback before making a decision.
- C.
  
  A manager who likes to make all decisions by him/herself.
2.

How would you describe a democratic management style?
- A.
  
  A manager who likes to make all the decisions.
- B.
  
  A manager who sets the goals of the business and communicates 'downwards' to employees.
- C.
  
  A manager who involves employees in decision making and aims to benefit both the business and personnel as a result of decisions that are made.
3.

How would you describe an accommodating (or laissez-faire) manager?
- A.
  
  A manager who avoids making decisions, instead leaving it up to other staff.
- B.
  
  A manager who involves employees in decision making and aims to benefit both the business and personnel as a result of decisions that are made.
- C.
  
  A manager who likes communication with employees to go in both directions: from management to emoployees, and back upward to the manager.
4.

One management role in the business process is to PLAN.
- A.
  
  True
- B.
  
  False
5.

Planning is...
- A.
  
  Where management directs employees on "what to do."
- B.
  
  A management role where the procedures for meeting organisational goals are developed.
- C.
  
  A process of controlling the assets of the business.
6.

Strategic planning is...
- A.
  
  Short term planning.
- B.
  
  Long term planning.
7.

Action planning is...
- A.
  
  Short term planning.
- B.
  
  Long term planning.
8.

A plan is a proposed method to be used to achieve the organisation's goals and objectives.
- A.
  
  True.
- B.
  
  False.
9.

Planning and goal setting are important because they give the manager focus and direction.
- A.
  
  True.
- B.
  
  False.
10.

A business can set goals in a number of areas. Goals are vital in assisting the manager to focus on the details of ...
- A.
  
  Loan repayments.
- B.
  
  The strategic plan.
- C.
  
  Short term cash flow.
11.

Once a business has been established, ongoing monitoring by the owner is no longer necessary.
- A.
  
  True.
- B.
  
  False.
12.

Which of these departments deal with money?
- A.
  
  Human Resources
- B.
  
  Finance and accounts
- C.
  
  IT support
13.

What Department deals with recruitment?
- A.
  
  Finance
- B.
  
  IT support
- C.
  
  Admin
- D.
  
  Human resources
14.

The administration department takes care of any technology problems
- A.
  
  True
- B.
  
  False
15.

The Administration department deals with wages
- A.
  
  True
- B.
  
  False
16.

What is Human Resources?
- A.
  
  A term used to describe the individuals who comprise the workforce of an organization
- B.
  
  A term applied in labor economics
- C.
  
  The name of the function within an organization charged with the overall responsibility for implementing strategies and policies relating to the management of individuals
17.

The key functions of the Human Resources are:
- A.
  
  Recruitment and Selection (Resourcing)
- B.
  
  Organizational design and development.
- C.
  
  Performance, conduct and behaviour management
- D.
  
  Human resources (or workforce) analysis and the management of workforce personal data
- E.
  
  All of the above and more
18.

The objective of an organization's human resource management strategy is...
- A.
  
  To maximize the return on investment from the organization's human capital
- B.
  
  Minimize financial risk
- C.
  
  All of the above
- D.
  
  None of the above
19.

Founder of Walmart?
20.

The purchase price of a new van was $22,980. The sales tax rate in the state was 5.5%, and registration fees came to $133. There was also a $1,500 manufacturer’s rebate on the van. If the customer put a down payment of $2,200 toward the purchase, what was the delivered price?
- A.
  
  $20,676.90
- B.
  
  $22,876.90
- C.
  
  $24,376.90
- D.
  
  $22,376.90
21.

Which method are most companies LEAST likely to use to record the number of hours their employees work?
- A.
  
  Employees pass a magnetic stripe card through a reader
- B.
  
  Employees insert a time card into a time clock
- C.
  
  Employees write their hours worked on a time sheet
- D.
  
  Employees keep track of their hours worked mentally.
22.

Which of the following is an example of a job benefit?
- A.
  
  Paid holidays
- B.
  
  Recreational facilities
- C.
  
  Child care
- D.
  
  All of the above
23.

What is the primary reason for writing a budget?
- A.
  
  To calculate net income
- B.
  
  To calculate taxable income
- C.
  
  To study past spending habits
- D.
  
  To help allocate future income
24.

What is the name for the personalized password that each customer must enter before making ATM transactions?
- A.
  
  EFT
- B.
  
  PWD
- C.
  
  PIN
- D.
  
  PRT
25.

Which of these companies is a franchise?
- A.
  
  New Look
- B.
  
  Zeb's
- C.
  
  Subway
- D.
  
  Odeon Cinema