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Big Business Quiz 2

Authored by Koshla Renton

Business

9th Grade

Used 1+ times

Big Business Quiz 2
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18 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The chain of command refers to:

The communication channels between departments

The formal reporting structure within the company

The informal relationships between employees

The decision-making process

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the main purpose of training in an organization?

To reward employees for good performance

To improve employee skills and knowledge

To establish a clear chain of command

To delegate tasks effectively

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which type of business structure has the most legal formalities?

Sole trader

Partnership

Private limited company

Public limited company

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A wide span of control means a manager oversees:

Few employees, leading to high levels of direct supervision

Many employees, requiring delegation and trust

Only senior-level employees

Only entry-level employees

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

How can a business increase its profit margin?

Raise prices and decrease costs

Decrease prices and increase costs

Raise prices and keep costs the same

Decrease prices and keep costs the same

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What type of motivation is intrinsic?

Driven by external rewards like bonuses

Driven by internal factors like personal satisfaction

Driven by avoiding negative consequences

Driven by achieving company goals

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What type of legal document outlines a business's goals and strategies?

Franchise agreement

Partnership contract

Shareholder agreement

Business plan

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