Business Operations Monitoring and Evaluation Quiz

Which of the following statement gives the purpose of using a supervision plan?

• Assess the quality of activities performed by each member of the enterprise.

• Ensure the successful operation of the business.

• Effectively monitor the business operations.

• Utilize material and work force wisely.

Which is NOT included in the steps for developing a monitoring system?

• Defining the standards for indicators to be used

• Defining indicators

• Identifying the market share to be monitored

• Identifying components of the monitoring system

Among the common tools for qualitative monitoring and evaluating business operations, which will best describe a market position?

• Checklist

• Program Matrix

• Benchmarking Matrix

• Bar Graph

What is the correct step in benchmarking?

• Visiting the site to collect the needed data.

• Selecting an organization to be benchmarked.

• Determining the differences in the process of your business and that of the benchmarked business.

• Contacting the “benchmarked” organization.

It is used to diagnose a current situation of the business operation and to evaluate the variations of business activity.

• Bar Graph

• Program Matrix

• Indicator Matrix

• Checklist

What is the estimate of costs, revenues, and resources over a specified period, reflecting a management's reading of future financial conditions?

• Equity

• Procurement

• Budget

• Evaluation

What consists of handling money and recording day-to-day transactions, computations, buying of materials and supplies, and checking of facilities?

• Budget

• Business operations

• Equity

• Evaluation

What deals with matters related to money and the markets?

• Budget

• Equity

• Finance

• Monitoring

What is supervising activities in progress to ensure they are on-course and on-schedule in meeting the objectives performance targets?

• Monitoring

• Budget

• Equity

• Finance

What is the right to an asset or property, held by a creditor or a business owner?

• Monitoring

• Finance

• Equity

• Budget