Business Decision-Making Quiz

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

• Strategic decisions

• Tactical decisions

• Operational decisions

• Financial decisions

What is the primary focus of operational decisions?

• Long-term planning

• Meeting strategic objectives

• Day-to-day operations

• Financial investments

What type of dashboard is associated with senior management?

• Strategic

• Tactical & Analytical

• Operational

• Routine

What is the time application for tactical & analytical dashboards?

• Long-term

• Medium-term

• Routine

• Short-term

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

What does the 'T' in SMART stand for?

• Timely

• Tangible

• Time specific

• Transparent

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

Who among the following is not typically considered an internal stakeholder?

• Manager

• Owners

• Suppliers

• Employees

What is a common goal of CSR?

• To increase shareholder dividends

• To meet social responsibilities

• To reduce employee wages

• To expand into new markets

What is a benefit of CSR in terms of external recognition?

• Recognition from external bodies

• Increased fines

• Negative supplier relationships

• Higher production costs