MGT028

MGT028

University

28 Qs

quiz-placeholder

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MGT028

MGT028

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

NIK ATHIRAH

Used 6+ times

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28 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

A business is primarily involved in

achieving goals

provision of capital

provision of assets

provision of products and service

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

________ the specific goal or measurable target that you want to achieve in the short term

Objective

Purpose

Mission

Business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Alex works as a manager at a growing fintech company that develops payment solutions. Over the next year, his focus is on increasing user engagement with the company's payment app by 20%, which is expected to improve the company's market position. Meanwhile, the CEO has set a vision for the company to become the top cashless payment provider in the country within five years.

Based on the case study, which of the following is an example of Alex’s intermediate goal?

Developing the payment app

Becoming the top cashless payment provider in five years

Increasing user engagement by 20% in the next year

Ensuring app updates are rolled out monthly

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Emily runs a large agricultural business. To keep her farm productive, she has invested in a variety of resources. She purchased tractors and irrigation systems to manage the land efficiently. She also buys seeds, fertilizers, and other materials regularly to ensure crops are grown successfully. Additionally, she has set up a local school and hospital to support the community and her workers

Based on the case study, which of the following is an example of social capital in Emily’s business?

Tractors and irrigation systems

Seeds and fertilizers

The local school and hospital

Workers' training programs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What distinguishes capital from land and labor as factors of production

Capital is a natural resource, unlike land and labor

Capital includes government and schools, unlike land and labor

Capital does not contribute to production, unlike land and labor.

Capital must be produced before it can be used, unlike land and labor.

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

All managers have the same level of skills

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mission is the _________ by which a business can fulfill its purpose. It indicates ________a business will achieve its purpose

way, goals

reason, when

means, how

result, what

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