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ABM-INTERMEDIATE ROUND

Authored by Angelica Lu

Business

12th Grade

Used 9+ times

ABM-INTERMEDIATE ROUND
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. What is the primary purpose of financial accounting?

  a) To manage human resources

  b) To analyze market trends

   c) To record and report financial information

   d) To develop marketing strategies

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. Which of the following is an example of a fixed cost in a business?

   a) Raw materials

   b) Utility bills

   c) Direct labor

d) Advertising expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. What is the role of a budget in business management?

  a) To track employee attendance

  b) To manage customer relationships

   c) To control costs and allocate resources

   d) To create marketing campaigns

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. What is the purpose of market research in business?

  a) To develop financial statements

 b) To forecast future sales

 c) To manage supply chain operations

d) To hire and train employees

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. What does the acronym SWOT stand for in business analysis?

   a) Strengths, Weaknesses, Opportunities, Threats

   b) Sales, Workforce, Operations, Technology

   c) Supply, Warehousing, Ordering, Transportation

   d) Strategy, Workflow, Objectives, Targets

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. What is the purpose of a business plan?

   a) To analyze competitor strategies

   b) To secure funding for a business venture

   c) To develop pricing strategies

   d) To manage customer complaints

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. What is the role of ethics in business management?

  a) To maximize profits at any cost

   b) To ensure compliance with legal regulations

   c) To exploit customers for financial gain

   d) To promote fair and responsible business practices

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