Business Concepts Quiz

What is the role of a stakeholder in a company?

• Someone who owns a competing business

• Someone who is affected by or has an interest in a company's success

• A person who only works in customer service

• An employee who makes financial decisions

A company should always conduct a risk assessment before…

• Launching a new product or making a big decision

• Hiring a new CEO

• Buying office supplies

• Setting up a company email

If a business rolls out a new product, it means…

• It cancels the product

• It stops selling the product

• It officially launches or introduces the product

• It removes the product from the market

What does "turn around" mean in a business context?

• To recover from a bad situation and become successful again

• To fire employees

• To shut down the business permanently

• To expand a business to another country

"Think outside the box" means…

• To come up with creative and innovative ideas

• To follow traditional methods

• To work in a small office

• To ignore new solutions

Which of the following is NOT an example of a workflow?

• Assigning tasks to team members

• Sending updates to stakeholders

• Going on vacation for two weeks

• Reviewing and approving project documents

What does it mean to "follow up" on a task?

• To check its progress or ask for updates

• To ignore it until the deadline

• To delegate it to someone else

• To cancel it

In software development, a "bug" refers to…

• A small insect

• An error or flaw in a program

• A virus in a company's network

• A new feature in an application

If a new employee is able to "hit the ground running," it means…

• They start working effectively and successfully from day one

• They struggle with their new responsibilities

• They need a long training period

• They refuse to work in a team

"Action items" in a business meeting are…

• Tasks or steps assigned to people to complete after the meeting

• Casual discussion points

• Decorations for an event

• A list of food orders for the team