
Business Management General

Quiz
•
Business
•
9th - 12th Grade
•
Easy
Andrew Carr-Hyde
Used 1+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'Average cost' refer to?
The cost of advertising expenses
The cost per unit of production
The cost of salaries for employees
The total revenue of a business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of a line manager in an organization?
To provide legal advice
To design marketing campaigns
To handle financial transactions
To supervise and manage subordinates on a day-to-day basis
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'Break-even' mean for a business?
When total sales revenue equals total costs
When the business makes a huge profit
When the business incurs a loss
When the business shuts down
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of customer loyalty for a business?
It leads to repeat purchases and competitive advantage
It increases the number of competitors
It reduces the customer base
It has no impact on the business
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the term 'Word of mouth' refer to in the context of marketing?
Paid promotion
Unpaid promotion
Online advertising
Social media marketing
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the ability of a business to meet its short-term debts and liabilities without causing disruptions or incurring excessive costs?
Efficiency
Profitability
Liquidity
Solvency
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process of hiring suitable workers for job roles within an organization?
Dismissal
Training
Selection
Recruitment
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