Business Terminology Quiz

Which term best matches the definition: "A plan to help people save money for when they retire from work"?

• pension scheme

• remuneration

• office planning

• management strategy

What is the term for a situation where an increase in pay is greater than that of officially negotiated rates?

• pay raise

• salary drift

• bonus

• perks

Who is the person you report directly to in an organization?

• manager

• executive

• supervisor

• leader

What do you call the person who pays for someone to go on a training course?

• sponsor

• leader

• director

• performer

Which term describes the act of looking for managers and offering them jobs in other companies?

• recruit

• advertise

• headhunt

• recommend

Which group is primarily responsible for making decisions in an organization?

• Board of Directors

• Executives

• Management

• Supervisors

Which term refers to the payment or compensation given to employees for their work?

• Pay

• Perks

• Golden handshake

• Financial package

What is the function that a manager performs relative to the organization's employees?

• Managing human resources

• Management

• Management Development

• Supervisors

Which method involves advertising jobs in the local or national press?

• Media advertising

• Internal advertising

• Advertising in trade press

• Online recruitment

What is the written detail given to an employee to confirm terms and conditions called?

• Equal pay

• Contract of employment

• Remuneration

• Assessment