Business Operations Quiz

Business Operations Quiz

3rd Grade

20 Qs

quiz-placeholder

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Business Operations Quiz

Business Operations Quiz

Assessment

Quiz

Business

3rd Grade

Medium

Created by

TITO LOYD

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in implementing a business plan?

Selling the product

Hiring employees

Executing strategies and monitoring progress

Closing the business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an essential part of business operations?

Managing inventory

Handling customer complaints

Ignoring competition

Controlling expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of selling a product or service?

To increase expenses

To satisfy customer needs and generate profit

To avoid record-keeping

To operate without marketing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is customer feedback important in selling a product?

It helps determine customer satisfaction and areas for improvement

It helps reduce business expenses

It eliminates the need for advertising

It allows the business to ignore competition

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main reason for keeping business records?

To waste time

To track financial transactions and assess business performance

To confuse business owners

To avoid paying taxes

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key bookkeeping task?

Watching competitors

Recording business transactions

Avoiding financial reports

Ignoring expenses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What document summarizes all business transactions during a period?

Brochure

Invoice

Ledger

None of the above

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