Question 1

What is the primary goal of business management?

Accepted Answer

Achieving organizational objectives

Answer

Improving employee satisfaction

Answer

Maximizing profits

Answer

Increasing market share

Question 2

What is the purpose of setting business management goals?

Accepted Answer

Providing direction and focus

Answer

Outperforming competitors

Answer

Increasing employee workload

Answer

Maximizing shareholder wealth

Question 3

What is the role of communication in business management?

Accepted Answer

Facilitating effective collaboration and coordination

Answer

Implementing performance evaluations

Answer

Minimizing costs

Answer

Increasing market share

Question 4

Which of the following is a characteristic of effective business management?

Accepted Answer

Ensuring efficient use of resources

Answer

Maximizing shareholder wealth

Answer

Ignoring customer feedback

Answer

Achieving high employee turnover

Question 5

What is the purpose of performance management in business management?

Accepted Answer

Evaluating and improving employee performance

Answer

Increasing customer satisfaction

Answer

Developing marketing strategies

Answer

Maximizing profits

Question 6

What is the purpose of a code of ethics in business management?

Accepted Answer

To provide guidelines and principles for ethical behavior

Answer

To maximize profits at any cost

Answer

To exploit employees for personal gain

Answer

To manipulate stock prices for personal benefit

Answer

To engage in fraudulent activities

Question 7

What does the term 'confidentiality' mean in the context of business management ethics?

Accepted Answer

Protecting sensitive information from unauthorized access or disclosure

Answer

Sharing sensitive information with competitors

Answer

Using insider information for personal gain

Answer

Using aggressive marketing tactics to gain customers

Answer

Disclosing customer data to third parties without consent

Question 8

What is the purpose of an ethics hotline in business management?

Accepted Answer

To provide a confidential reporting channel for ethical concerns

Answer

To promote aggressive competition among employees

Answer

To encourage unethical behavior for personal gain

Answer

To monitor employees' personal activities

Answer

To manipulate financial statements for favorable outcomes

Question 9

Which of the following is an example of a violation of business management ethics?

Accepted Answer

Falsifying financial statements to inflate company profits

Answer

Implementing employee training programs

Answer

Following legal regulations

Answer

Developing a strategic marketing plan

Answer

Responding promptly to customer complaints

Question 10

Which of the following is an example of a conflict of interest in business management?

Accepted Answer

Accepting gifts or bribes from a supplier

Answer

Offering fair and competitive pricing

Answer

Donating to a charitable organization

Answer

Implementing cost-saving measures to improve efficiency

Answer

Providing excellent customer service

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