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QUIZ BEE ABM

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

A matrix approach is a hybrid form of departmentalization where managers and staff personnel report to the superiors, the functional and divisional managers.

a)

TRUE

b)

FALSE

2.

Which is NOT included in the levels of competition?

a)

generic

b)

desire

c)

form

d)

brand

3.

Alice is engaged in mapping out exact specific objectives and determining the most valuable course of action required in achieving the objectives, which functions of management are shown in the situation?



(a)  

4.

Abelle as one of the creditors wants to know the financial position and results of operations of the business investment. Is she allowed to know the details of the company’s financial status?

a)

TRUE

b)

FALSE

5.

Which provides the resources and materials needed by the company to manufacture goods and develop services?

a)

competitors

b)

intermediaries

c)

publics

d)

suppliers

6.

Which title of accounts includes the amounts owed to others like salaries payable, taxes payable, and interest payable?

a)

accrued payable

b)

accounts payable

c)

unearned revenues

d)

utilities payable

7.

Which products are purchased for further processing or for use in conducting a business?




(a)  

8.

It refers to the group of people who knows about the company and who can see the campaigns and products of the company.



(a)  

9.

Ronnie received a promissory note issued by the client for the goods he received, which title of accounts he should use to record the transaction in the SJE?

a)

accounts receivable

b)

cash equivalents

c)

notes receivable

d)

prepaid expense

10.

Which consists of factors that affect the purchasing power and spending patterns of consumers?


a)

economic

b)

demographic

c)

political

d)

technological

11.

Maricel's role was to decide on company goals and objectives, strategies, and policies and usually has the final say in decision-making. Which component of the microenvironment did Maricel belong to?




(a)  

12.

Which process is applied in bookkeeping if it is the recording of daily transactions?



(a)  

13.

Luis thought that the primary nature of medium-scale businesses is more involvement in physical work rather than intellectual work.

a)

TRUE

b)

FALSE

14.

Carl bought a parcel of land that cost him Php 3.5 million in 2010 as recorded in its original cost even the market value change, in which principle it was applied?



(a)  

15.

Anna and Mau decided to have a short-term investment readily convertible to known amounts of cash subject to an insignificant risk of changes in value, what title of accounts should they write in their journal?

a)

accounts receivable

b)

cash equivalents

c)

marketable securities

d)

prepaid expenses

16.

Carmen and Phen’s understanding of training and development as an essential factor in the success of an organization was tested. Which benefits are NOT included in the list below?

a)

skills development

b)

team development

c)

proficiency and aptitude tests

d)

increased productivity

17.

It is the concept in accounting that provides information about the activities of an economic enterprise for a specified time.



(a)  

18.

It is a management function that involved inspiring people in the organization to achieve a common goal.



(a)  

19.

Which refers to the measure of how well customer expectations from a purchased product or service have been met?

a)

feedback

b)

satisfaction

c)

utility

d)

value

20.

It is a function of management involved in developing the structure and chain of command within the company.



(a)