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Business Management General

Authored by Andrew Carr-Hyde

Business

9th - 12th Grade

Used 1+ times

Business Management General
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12 questions

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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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