Business quiz

1. There are four main functions of Management. They are:

• A.Leading, Directing, Planning, Controlling

• B.Planning, Controlling, Staffing, Organizing

• C.Planning, Organizing, Controlling, Leading

2. A manager in this role decides how many and what kind of people a business needs to meet its goals, and then recruits select and trains the right people.

• A. Planning

• B. Staffing

• C. Leading

• D. Organizing

3. What is the component of business plan?

• A. Marketing strategy

• B. Sales strategy

• C. Executive summary

• D. All of the above

4. Business means ________________.

• A.Commerce

• B.Industry and commerce

• C.Trade and commerce

• D.Selling and buying of goods

5. ______ is the reason for business failure.

• A.Lack of market research

• B.Poor financial control

• C.Poor management

• D.All the above

6. Marketing means "selling" or "advertising."

• A. True

• B. False

7. The act of delivering a product is by definition called a __________.

• A.Service

• B.Courier

• C.Benefit

• D.Performance

8.Check the odd word/phrase out in the group (not matching to the rest).

• A.Wholesaler

• B.Retailer

• C.Supplier

• D.Offer

9.This section of your business plan should describe the products and/or services you will offer,  the market, the industry, and your location

• A.Operations

• B.Marketing

• C.Statement of Purpose

• D.Appendix

10. What is a business card?

• A. A thank you card after an interview.

• B.A card with the with the name of the school you attended

• C.A card bearing business about an individual or company.

• D.A flyer for the business on cardstock