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Business Management

Authored by John Robinson

Social Studies

University

Business Management
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25 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Finished goods inventory is the amount of manufactured product in stock that is available for sale.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

A business that is owned and controlled by one person

is a:

cooperative   

partnership    

sole proprietorship  

d. corporation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary goal of business management?

Maximizing profits

Minimizing costs

Increasing employee satisfaction

Enhancing customer loyalty

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a key function of business management?

Product design

Market research

Financial planning

Customer service

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Who is known as the father of scientific management?

Henry Ford

Frederick Taylor

Elton Mayo

Peter Drucker

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is SWOT analysis used for in business management?

Evaluating employee performance

Analyzing market trends

Assessing internal and external factors

Developing new products

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which management style involves making decisions without consulting others?

Democratic

Autocratic

Laissez-faire

Transformational

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