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Business Management Warm-Ups 11/8-9/23

Quiz by NeKeisha King Price

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5 questions
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  • Q1
    What is the purpose of a business plan?
    To manage employee schedules.
    To handle customer complaints.
    To outline the goals and strategies of a business.
    To calculate profit margins.
  • Q2
    What is the purpose of a mission statement?
    To outline specific business goals.
    To define the company's core purpose and values.
    To create employee performance metrics.
    To develop marketing strategies.
  • Q3
    What is the purpose of a performance appraisal?
    To conduct disciplinary actions.
    To assign work responsibilities.
    To evaluate an employee's job performance and provide feedback.
    To determine salary increases.
  • Q4
    What is the purpose of a budget?
    To measure employee productivity.
    To plan and control financial resources.
    To evaluate customer satisfaction.
    To analyze competitive market trends.
  • Q5
    What is the purpose of organizational structure in business management?
    To develop marketing campaigns.
    To calculate financial ratios.
    To conduct customer surveys.
    To define the hierarchy and division of responsibilities within a company.

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