1.1 Introduction to Business Management (IBDP

1.1 Introduction to Business Management (IBDP

11th Grade - University

27 Qs

quiz-placeholder

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1.1 Introduction to Business Management (IBDP

1.1 Introduction to Business Management (IBDP

Assessment

Quiz

Business

11th Grade - University

Medium

Created by

Eduardo Agustin Cortez

Used 51+ times

FREE Resource

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How do businesses aim to satisfy the needs and wants of individuals and organizations?

Creating a product

Extracting raw materials

Providing a service

All of the options

Just Creating a product and Providing a service

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What does the -human resources- component of a business-plan outline?

How the business will be financed

How the product will be made

How the business will be staffed

How best to market the product

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a reason for drawing up a business plan?

Identifying resource needs

Attracting funds from banks, venture capitalists or other investors

Supporting the launch of a new business idea

All of the listed options

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the name of the document which details how an organization will meet its corporate objectives, marketing objectives, production costs and financial requirements?

Business plan

Mission statement

Vision statement

Break-even analysis

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is least likely to be a problem that a new business faces?

Poor market research

Legal requirements and constraints

Ability to raise start-up finance

Innovative and creative ideas

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is not a reason for a business to exist?

To pay taxes to the government

To add value to the production process

To satisfy the needs and wants of customers

To make enough profits to satisfy the owners

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following business functions involves finding out what customers want and working out how to meet those needs?

Human resource management

Marketing

Operations and Management/Production

Finance & Accounts

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