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Business Decision-Making Quiz

Authored by K Lopez

Business

12th Grade

Used 2+ times

Business Decision-Making Quiz
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of decisions are made to help a business run smoothly on a daily basis?

Strategic decisions

Tactical decisions

Operational decisions

Financial decisions

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of operational decisions?

Long-term planning

Meeting strategic objectives

Day-to-day operations

Financial investments

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of dashboard is associated with senior management?

Strategic

Tactical & Analytical

Operational

Routine

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the time application for tactical & analytical dashboards?

Long-term

Medium-term

Routine

Short-term

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the Diversification strategy aim to achieve?

Increase sales in existing markets

Develop new products for existing markets

Enter new markets with new products

Reduce operational costs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the 'T' in SMART stand for?

Timely

Tangible

Time specific

Transparent

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does being ethical relate to business objectives?

It is unrelated

It can be a part of CSR objectives

It only affects marketing

It is only important for large companies

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