Business Management
Quiz by NeKeisha King Price
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5 questions
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- Q1Which of the following is an example of a cost-cutting measure in business management?Expanding the workforce to increase productivityInvesting in new technology to improve efficiencyImplementing a customer loyalty program to increase salesOutsourcing certain tasks to a lower-cost contractor30s
- Q2What is the role of a business manager?To plan, organize, and coordinate the activities of an organizationTo monitor financial performance and report to shareholdersTo execute marketing campaigns and strategiesTo design and develop new productsTo handle customer complaints and inquiries30s
- Q3What is the role of a business plan in business management?To outline the goals, strategies, and financial projections for a businessTo analyze market trends and consumer behaviorTo monitor the financial performance and profitability of a businessTo track the daily operations and tasks of employeesTo manage the inventory and supply chain of a business30s
- Q4What is the purpose of a performance appraisal in business management?To assess employee performance and provide feedbackTo determine company profitabilityTo set sales targets and quotasTo develop marketing campaignsTo analyze market trends30s
- Q5What is the purpose of a cash flow statement in business management?To assess the company's brand reputation and customer satisfactionTo monitor employee productivity and performanceTo track the inflow and outflow of cash within an organizationTo evaluate the effectiveness of marketing campaignsTo analyze market trends and consumer behavior30s