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Business Management Warm-Ups 10/24&25/23
Quiz by NeKeisha King Price
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10 questions
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- Q1What is the primary goal of business management?Improving employee satisfactionAchieving organizational objectivesMaximizing profitsIncreasing market share30s
- Q2What is the purpose of setting business management goals?Outperforming competitorsIncreasing employee workloadMaximizing shareholder wealthProviding direction and focus30s
- Q3What is the role of communication in business management?Implementing performance evaluationsFacilitating effective collaboration and coordinationMinimizing costsIncreasing market share30s
- Q4Which of the following is a characteristic of effective business management?Maximizing shareholder wealthIgnoring customer feedbackAchieving high employee turnoverEnsuring efficient use of resources30s
- Q5What is the purpose of performance management in business management?Increasing customer satisfactionEvaluating and improving employee performanceDeveloping marketing strategiesMaximizing profits30s
- Q6What is the purpose of a code of ethics in business management?To provide guidelines and principles for ethical behaviorTo maximize profits at any costTo exploit employees for personal gainTo manipulate stock prices for personal benefitTo engage in fraudulent activities30s
- Q7What does the term 'confidentiality' mean in the context of business management ethics?Protecting sensitive information from unauthorized access or disclosureSharing sensitive information with competitorsUsing insider information for personal gainUsing aggressive marketing tactics to gain customersDisclosing customer data to third parties without consent30s
- Q8What is the purpose of an ethics hotline in business management?To provide a confidential reporting channel for ethical concernsTo promote aggressive competition among employeesTo encourage unethical behavior for personal gainTo monitor employees' personal activitiesTo manipulate financial statements for favorable outcomes30s
- Q9Which of the following is an example of a violation of business management ethics?Falsifying financial statements to inflate company profitsImplementing employee training programsFollowing legal regulationsDeveloping a strategic marketing planResponding promptly to customer complaints30s
- Q10Which of the following is an example of a conflict of interest in business management?Accepting gifts or bribes from a supplierOffering fair and competitive pricingDonating to a charitable organizationImplementing cost-saving measures to improve efficiencyProviding excellent customer service30s