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Business Management

Quiz by NeKeisha King Price

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5 questions
Show answers
  • Q1
    Which of the following is an example of a cost-cutting measure in business management?
    Expanding the workforce to increase productivity
    Investing in new technology to improve efficiency
    Implementing a customer loyalty program to increase sales
    Outsourcing certain tasks to a lower-cost contractor
    30s
  • Q2
    What is the role of a business manager?
    To plan, organize, and coordinate the activities of an organization
    To monitor financial performance and report to shareholders
    To execute marketing campaigns and strategies
    To design and develop new products
    To handle customer complaints and inquiries
    30s
  • Q3
    What is the role of a business plan in business management?
    To outline the goals, strategies, and financial projections for a business
    To analyze market trends and consumer behavior
    To monitor the financial performance and profitability of a business
    To track the daily operations and tasks of employees
    To manage the inventory and supply chain of a business
    30s
  • Q4
    What is the purpose of a performance appraisal in business management?
    To assess employee performance and provide feedback
    To determine company profitability
    To set sales targets and quotas
    To develop marketing campaigns
    To analyze market trends
    30s
  • Q5
    What is the purpose of a cash flow statement in business management?
    To assess the company's brand reputation and customer satisfaction
    To monitor employee productivity and performance
    To track the inflow and outflow of cash within an organization
    To evaluate the effectiveness of marketing campaigns
    To analyze market trends and consumer behavior
    30s

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