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Understanding Business Management

Authored by Pinky Gogoi

Business

12th Grade

Used 1+ times

Understanding Business Management
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of business ethics?

To maximize profits at any cost.

To ensure compliance with government regulations only.

To guide behavior in business according to moral principles.

To create a competitive advantage through deception.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the business environment influence organizational decisions?

Organizational decisions are solely based on employee preferences.

The business environment only affects marketing strategies.

The business environment influences organizational decisions by affecting strategy, resource allocation, and operational adjustments.

The business environment has no impact on decision-making.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key components of social responsibility in business?

Maximizing profits at all costs

Ignoring local community needs

The key components of social responsibility in business are ethical practices, environmental sustainability, community engagement, and fair labor practices.

Prioritizing shareholder interests exclusively

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

List the four main functions of management.

Budgeting, Staffing, Evaluating, Reporting

Researching, Training, Motivating, Delegating

Planning, Organizing, Leading, Controlling

Forecasting, Coordinating, Advising, Monitoring

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between a sole proprietorship and a corporation?

A sole proprietorship has no tax obligations while a corporation does.

A corporation is always owned by the government.

A sole proprietorship is owned by one person with personal liability, while a corporation is a separate legal entity that limits owner liability.

A sole proprietorship is a partnership with shared liability.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can ethical decision-making impact a company's reputation?

Ethical decision-making positively impacts a company's reputation by building trust and loyalty.

Unethical practices can enhance a company's public image.

Ethical decision-making only impacts employee morale, not reputation.

Ethical decision-making has no effect on a company's reputation.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role does government regulation play in the business environment?

Government regulation has no impact on consumer protection or public welfare.

Government regulation plays a crucial role in ensuring fair competition, protecting consumers, and promoting public welfare in the business environment.

Government regulation stifles innovation and growth in the business environment.

Government regulation is only necessary for large corporations, not small businesses.

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