Business Management Quiz

What does an Organization Chart show?

• The company's financial performance

• The company's structure and employee positions

• Marketing strategies

• The delegation process

In Centralization, decision-making authority is concentrated at:

• Lower levels

• All levels equally

• Top levels

• External consultants

Specialization in an organization leads to:

• Employees doing multiple jobs at once

• Breaking down tasks into smaller specific roles

• Managers handling all jobs

• Teams working without coordination

According to Maslow's Hierarchy, what needs must be met first?

• Esteem needs

• Self-actualization

• Physiological needs

• Social needs

What does HRM mainly focus on?

• Marketing strategies

• Managing money

• Attracting, developing, and maintaining employees

• Selling products internationally

Which theory assumes employees are lazy and need supervision?

• Theory Y

• Theory Z

• Theory X

• Equity Theory

Which component is NOT part of the Marketing Mix (4 P's)?

• Product

• Place

• Performance

• Promotion

What does a Balance Sheet show?

• Revenues and expenses over a period

• Assets, liabilities, and owners' equity at a point in time

• Cash inflows and outflows

• Employee turnover rates

What is the main purpose of Accounting?

• Manage employee relations

• Collect and analyze financial information

• Advertise products

• Develop new technologies

In Decentralization, decision-making authority is:

• Concentrated at the top

• Distributed to lower levels

• Only for managers

• Given to external agencies