Business Management Quiz

What is the first step in the decision-making process?

• Identify the problem

• Evaluate alternatives

• Implement the decision

• Select the best alternative

Which leadership style is most likely to lead to high employee morale and productivity?

• Autocratic

• Democratic

• Laissez-faire

• Bureaucratic

Fill in the blank: ________ is a management function that involves monitoring performance and making adjustments.

• A. Planning

• B. Organizing

• C. Leading

• D. Controlling

What is the accounting equation?

• A. Assets = Liabilities + Owner's Equity

• B. Revenue - Expenses = Profit

• C. Current Assets - Current Liabilities = Working Capital

• D. Total Assets = Total Liabilities

Which financial statement shows a company's profitability over a period of time?

• Income Statement

• Balance Sheet

• Cash Flow Statement

• Statement of Retained Earnings

What is the purpose of employee orientation?

What is the term for the process of creating a unique brand identity?

• Branding

• Positioning

• Differentiation

• Segmentation

Fill in the blank: The first step in the marketing process is to ________.

• Develop a marketing plan

• Conduct market research

• Set marketing objectives

• Identify the target market

What is the term for the process of designing and managing the flow of information through an organization?

• Information technology

• Operations management

• Supply chain management

• Project management

What is the term for the process of developing and implementing strategies to achieve an organization's goals?

• Strategic planning

• Operational planning

• Tactical planning

• Contingency planning