UNIT 11 LESSON 3 Core Business Values Quiz

Which of the following is NOT listed as a core business value in the provided learning material?

• Financial stability

• Customer loyalty

• Care for life

• Collaborative working

What is considered important for a well-run and sound business operation according to the learning material?

• Ethical and transparent business practices

• Frequent rebranding

• High-risk investments

• Competitive pricing strategies

According to the learning material, commitment to which of the following is a core business value?

• Shareholders

• Competitors

• The customer

• Regulatory bodies

What does the financial stability of a construction company refer to?

• The company's ability to borrow money

• The company's ability to generate healthy profits for selling its services or products

• The company's ability to complete construction projects on time

• The company's ability to hire the most skilled workers

Why are company accounts and references often required in the construction industry?

• To ensure timely completion of projects

• To obtain tenders

• To pay employees

• To purchase construction materials

How does financial stability benefit a client in the construction industry?

• It guarantees the fastest construction speed

• It ensures the use of high-quality materials

• It provides assurances that the company will not go bankrupt during the construction phase

• It allows for lower overall construction costs

Why is cashflow important for construction suppliers?

• To ensure that all suppliers are paid and no stops are placed on accounts

• To increase the company's stock value

• To facilitate employee bonuses

• To invest in new construction technologies

What is considered an important aspect of a company's business values according to the document?

• Product innovation

• Customer service

• Competitive pricing

• Expanding market share

Which of the following is NOT listed as a way to place customers first in their values?

• Making open and transparent commitments about time and quality of work

• Meeting customer expectations

• Offering the lowest price guarantee

• Sorting customer complaints efficiently

What should businesses provide according to the customer service values mentioned in the document?

• Loyalty schemes

• Free product samples

• Annual shareholder meetings

• Employee of the month awards