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WorksheetsBusiness Decision Making Quiz
Total questions: 21
Worksheet time: 11mins
What might inspire Lucio and Emma's next cartoon idea?
Changes in the economic climate
Gap in the market
Competition may force diversification
Trends
Mal and Emma are analyzing sales data for their business. What is one purpose of analyzing this data in their decision making?
To increase product prices
To predict consequences and provide alternatives
To reduce employee numbers
To expand internationally
Ben and Hollie are analyzing competitive forces to make strategic decisions in the cartoon industry. Which business model should they use?
Ansoff Matrix
Boston Matrix
Porter's five forces model
5Cs analysis
Emma and Ben are comparing their test scores. What is a measure of dispersion used to understand the spread of their scores?
Mean
Median
Standard deviation
Mode
Jamie and Chelsy are discussing different types of business structures. Which of the following is a type of business structure?
Circular
Flat
Triangular
Linear
Harry and Chelsea are analyzing data for their business project. Which of the following is NOT a type of graph they would use for decision making?
Line
Pie
Scatter (XY)
Flowchart
Which financial tool should Mal and Maisie use to make smart decisions?
Net present value
Market share
Customer feedback
Brand recognition
Jamie and Laila are working on a school project. Which of the following is a method of primary research they can use?
Survey
Published reports
Industry reports
Government data
Mal and Ella are working on a marketing plan for a new cartoon series. Identify one of the elements of the 7Ps in their plan.
Product
Profit
Performance
Partnership
Maisie suggests using published reports and industry data for their project on cartoon history. What type of research is she referring to?
Secondary research
Primary research
Experimental research
Qualitative research
What do Sofi and Harry agree is key in cartoon production management?
Market research
Legislation
Advertising
Product design
Why does Aidan think quality assurance is key to a cartoon character's success?
To increase sales
To ensure quality
To reduce marketing costs
To expand market reach
Olivia is organizing a school event and needs to ensure personal data protection for the attendees. Which regulation should she follow?
Health and Safety at Work
Consumer Rights
General Data Protection Regulation (GDPR)
Employment Rights
What is a key consideration when Mal is managing her team of staff members?
Equipment maintenance
Staff requirements for efficiency
Vehicle management
Supplier contracts
Hollie and Jamie are working on a project to manage their school's annual event. What is involved in creating and interpreting a cash flow forecast for this event?
Designing new products
Analyzing market trends
Predicting financial consequences
Developing marketing strategies
Which method should Tagbo and Maisie choose to evaluate a company's financial health?
SWOT analysis
Balance sheet analysis
PEST analysis
Porter's five forces
What tool should Sofi and Emma use to visualize their project timeline?
Gantt chart
Pie chart
Histogram
Scatter plot
Karanjit and Hollie are launching a new product. Which of the following is a key factor in determining the pricing strategy of their product?
Product colour
Market demand
Employee satisfaction
Office location
Which tool should Emma and Sofi use to analyze their strengths and weaknesses?
SWOT analysis
PEST analysis
Porter's five forces
BCG matrix
What creative method could Laila and Harry use to assess customer satisfaction?
Focus groups
Financial audits
SWOT analysis
Market segmentation
What is a key component of Lola and Maisie's marketing strategy for their Krabby Patty stand?
Product development
Pricing strategy
Employee training
Office layout
