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WorksheetsManagement and Business Concepts Quiz
Total questions: 30
Worksheet time: 3mins
Who serves as the link between workers and company leadership on a large scale?
Supervisors
Managers
Employees
Owners
What is typically performed at the beginning of a project or task?
Evaluating
Motivating
Planning
Directing
Managers give their team guidance and support in the form of:
Rewards
Motivation
Instructions
Training
A startup wants to ensure everyone knows their reporting lines and direct supervisors. Which management function applies?
Staffing
Organizing
Leading
Planning
When a manager encourages employees who lack confidence and offers incentives for good work, which function are they practicing?
Organizing
Controlling
Leading
Staffing
Which statement best highlights why staffing is essential in a business?
It creates a clear chain-of-command for employees.
It motivates employees to achieve company goals.
It ensures that qualified individuals are hired, trained, and placed in the right roles.
It prepares plans for future organizational activities.
How would you define a firm?
A group of firms serving similar needs and wants
An organization that seeks profit through goods or services exchange
An organization that can only be non-profit
A process of analyzing external environments
What does "industry" mean in business terms?
A country's system of political ideologies
A group of firms that satisfy similar needs and wants
The philanthropic activities of businesses
The economic measures of demand and supply
Environmental scanning is best described as:
The hiring and training of individuals in a firm
The process of analyzing internal operations of a company
The evaluation of macro and task environments for threats and opportunities
The process of producing and distributing goods to consumers
If unemployment rises sharply, which PEST category does it belong to?
Political
Economic
Social
Technological
A mobile app provides faster grocery delivery. Which external factor affects this business opportunity most directly?
Social factor
Technological factor
Political factor
Economic factor
A company wants to expand to a city with high consumer demand but strict regulations. What should they prioritize?
Ignore political regulations and focus on consumer demand
Balance both political and economic factors to minimize risks
Consider only the technological environment since it drives growth
Withdraw expansion plans entirely due to regulatory challenges
Which tool identifies a company's strengths and weaknesses?
PEST Analysis
SWOT Analysis
Value Chain Analysis
Porter's Five Forces
Which of the following factors can an organization directly control?
Opportunities and Threats
Strengths and Weaknesses
Political and Legal Factors
Sociocultural Forces
Which represents an external threat to a business?
Strong brand identity
Skilled workforce
Threat of new competitors
Efficient internal processes
A coffee shop spots a growing trend of health-conscious consumers. In SWOT, this factor is a:
Strength
Weakness
Opportunity
Threat
A company lags in technology while competitors advance. How critical is this weakness?
Not critical, since customers are loyal
Highly critical, as it affects competitiveness
Neutral, since technology is optional
Slightly important, only in certain industries
If a manager claims an economic downturn isn't a threat, how would you assess this view?
I agree, because recessions always pass
I disagree, because recessions can still weaken business performance
I agree, because external threats cannot be controlled
I disagree, because threats are only internal issues
How would you help a retail store leverage its customer service strength while competing with online stores?
Close physical stores and go fully online
Develop loyalty programs and combine them with online delivery services
Ignore competitors and focus only on in-store sales
Reduce customer service staff to cut costs
Using PEST analysis, how should a manager adapt to rapid technological changes?
Focus on traditional technologies instead of new ones.
Train employees on new digital tools and integrate e-commerce platforms.
Wait until competitors adopt technologies first.
Rely only on traditional business models.
How do economic growth and economic development differ?
Growth focuses on GDP increase, while development emphasizes overall quality of life.
Growth is about urbanization, while development is about per capita income.
Growth measures literacy, while development measures occupational structure.
Growth occurs only in developing countries, while development occurs only in developed ones.
Why is per capita income a better indicator of living standards than total national income?
It focuses on exports.
It divides income by the number of people.
It includes urban population.
It measures secondary and tertiary industries.
How does urbanization affect a country's population distribution?
It increases rural population while decreasing city population.
It decreases rural population as more people move to cities.
It increases agricultural activity in the countryside.
It eliminates the tertiary sector in urban areas.
If a country has $1 trillion in national income and 250 million people, what is the per capita income?
$2,500
$4,000
$10,000
$12,500
In a developing country, most workers are in agriculture. If factories and services grow, which occupational shift is expected?
From primary to secondary and tertiary sectors
From tertiary to primary sectors
From secondary to agricultural activities
From urban to rural occupations
A nation shows high GDP growth but faces poverty and unemployment. How should progress be assessed?
The country is successful because GDP growth is sufficient.
The country has achieved both economic growth and development.
The country has economic growth but lacks true economic development.
The country should stop focusing on per capita income.
Which Philippine agency oversees sole proprietorships?
Department of Labor and Employment (DOLE)
Department of Trade and Industry (DTI)
Securities and Exchange Commission (SEC)
Civil Service Commission (CSC)
What is the easiest business form to set up?
Corporation
Partnership
Sole Proprietorship
Cooperative
In a general partnership, what is the extent of partners' liability?
Limited to their initial investment
Limited to their profits only
Extended up to their personal property
None
Why are partnerships riskier for general partners compared to sole proprietorships?
Because they cannot share responsibilities
Because general partners have unlimited liability for debts
Because they require no legal regulation
Because they have fewer opportunities to expand
