Introduction to Business Management Quiz

Introduction to Business Management Quiz

University

10 Qs

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Introduction to Business Management Quiz

Introduction to Business Management Quiz

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Onela Ciki

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of Chapter 1 in the book?

The history of business management

The role of technology in business

The business world and business management

The financial aspects of business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the four elements that describe a business?

Business involves production

Business involves human activities

Business involves marketing

Business involves profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main economic systems identified in the text?

Market economy, Command economy, Socialism

Capitalism, Socialism, Communism

Market economy, Traditional economy, Mixed economy

Command economy, Free market, Cooperative economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a formal sector business?

Local farmers

Street vendors

Old Mutual

Independent family-owned enterprises

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Maslow's hierarchy of needs include as the highest level?

Physiological needs

Safety and security needs

Self-esteem

Self-actualization

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of a command economy?

Profit-driven businesses

Free choice of products and services

Limited choices based on state offerings

Minimal state interference

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of business management as described in the text?

To maximize profits at any cost

To achieve the highest possible output with the lowest possible input

To manage human resources effectively

To create new products only

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