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Business Management Warm-Ups 9/26-27/23

Quiz by Nekeisha King-Price

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10 questions
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  • Q1
    What is the purpose of a risk assessment in business management?
    To develop marketing strategies for a business.
    To identify and evaluate potential threats and risks to a business.
    To set financial goals and targets for a business.
    To measure customer satisfaction levels.
    To determine employee productivity and performance.
    30s
  • Q2
    What is the purpose of a contingency plan in business management?
    To identify customer needs and preferences.
    To develop marketing strategies for a business.
    To measure the financial performance of a business.
    To outline and prepare for potential risks and disruptions to business operations.
    30s
  • Q3
    What is the purpose of a risk response plan in business management?
    To outline and implement strategies to address identified risks.
    To develop marketing campaigns for a business.
    To evaluate customer needs and preferences.
    To track financial transactions in a business.
    30s
  • Q4
    What is a key component of business continuity planning?
    Conducting market research and analysis.
    Evaluating employee performance.
    Developing backup and recovery strategies.
    Measuring customer satisfaction levels.
    30s
  • Q5
    What is a common risk associated with inadequate financial management?
    Lack of market research
    Cash flow problems
    Overproduction of goods
    Excessive employee turnover
    30s
  • Q6
    What is a common risk associated with poor cybersecurity?
    Low employee morale
    Excessive workplace gossip
    Data breaches
    Lack of customer feedback
    30s
  • Q7
    What is a common risk associated with inadequate risk management?
    Employee burnout
    High customer satisfaction
    Excessive innovation
    Financial loss
    30s
  • Q8
    What is a common risk associated with poor customer relationship management?
    High market demand
    Customer dissatisfaction
    Efficient supply chain management
    Excessive employee training
    30s
  • Q9
    What is a common risk associated with inadequate communication in business management?
    Excessive cost-cutting
    High employee morale
    Misunderstandings
    Strong competition
    30s
  • Q10
    What is a common risk associated with lack of succession planning in business management?
    Low customer satisfaction
    Excessive social media marketing
    Leadership gaps
    Inefficient supply chain management
    30s

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