QUIZ BOWL ( EASY ROUND )

1. Economics is defined as the study of…….

• Business

• How society manages its scarce resources

• Government regulation

• Central planning

It is consists of the analyses, decisions, and actions an organization undertakes in order to create  and sustain competitive advantages.

• Strategic management

• Financial management

• Human resource management

• Marketing management

Human resource management is

• Supervising, monitoring, controlling, and disciplining employees in order to achieve organizational goals efficiently and effectively.

• The designing of organizational system to ensure that human talent is used efficiently to accomplish organizational goals.

• efficient and effective use and coordination of human capital to ensure the profitability and long-term sustainability of the organization.

• The design of the interface between the human capital of the firm and its technological and financial capital in order to efficiently reach organizational goals.

A firm's resources and capabilities enable it to overcome the competitive forces in its industry(ies).

• Corporate governance

• Strategic advantage

• Operational effectiveness

• Competitive advantage

The word that comes from the Greek word for “one who manages a household” is

• Market

• Consumer

• Producer

• Economy

_____ is a process that aims at rejecting unsuitable candidates

• Job Training

• Job Evaluation

• Selection

• Recruitment

When a society cannot produce all the goods and services people wish to have it is said that the economy is experiencing

• Scarcity

• Communism

• Externalities

• Market failure

It is a practice wherein the internet is used to tap a broad range of individuals and groups generate ideas and solve problems.

• Resourcing

• Crowdsourcing

• Social responsibility

• Corporate governance

What are expatriates?

• The employees who work in their home country

• The selected employees will travel and work in another country

• The employees who work harder

• None of the above

A company’s strategic plan:

• Maps out the company’s history.

• Links the company’s financial targets to control mechanisms.

• Outline the competitive moves and approaches to be used in achieving the desired business results.

• All of these