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Business Management Quiz

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Quiz by TheHitmanStewart
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Last updated: March 20, 2019
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First submittedMarch 20, 2019
Times taken179
Average score46.7%
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1. What is the only Factor that could impact Businesses internally and externally?
Social ✓
Finance ✓
Human Resources ✓
Technological ✓
2. Name the method of production that is where identical products are made on an assembly line?
Batch ✓
Labour-Intensive Production ✓
Flow ✓
Capital-Intensive Production ✓
3. Name the 4 Ps of the Marketing Mix
Place, Product, Price, Promotion ✓
People, Physical Evidence, Product, Promotion ✓
Process, Product, Price, Place ✓
Place, People, Physical Evidence, Process ✓
4. What is a job analysis?
The process of finding the job vacancy ✓
A list of qualities a candidate must have for the job ✓
A list of skills a candidate must have for the job ✓
A description of the job ✓
5. What is a reference?
Document from your current employer on details of the candidate ✓
Document from your former employer on details of the candidate ✓
A note at the end of an application ✓
Document from the candidate on their details ✓
6. What is Cost of Sales in retailing?
Cost of wages, electricity etc. ✓
Cost of finished goods ✓
Cost of merchandise ✓
7. Name the two different types of Market Research
Field & Chair ✓
Desk & Chair ✓
Desk & Field ✓
Table & Chair ✓
8. What is a factor businesses might consider when choosing a supplier?
Supplier's employees ✓
Lead Time ✓
Opening Times ✓
Personal Problems ✓
9. What type of training gives the employee a qualification?
Introduction Training ✓
On-The-Job Training ✓
Off-The-Job Training ✓
Induction Training ✓
10. What type of training gives employees an introduction to the business?
Off-The-Job Training ✓
Introduction Training ✓
Induction Training ✓
On-The-Job Training ✓
11. Which of these is not a protected characteristic in the Equality Act, 2010?
Disability ✓
Intelligence ✓
Race ✓
Gender ✓
12. What is meant by a target market?
The process of grouping potential customers together ✓
The percentage of a market held by an organisation ✓
A group of consumers to whom a company wants to sell its products or services ✓
13. Which of these businesses are not in the Private Sector
Sole Traders ✓
Charities ✓
Public Limited Companies ✓
Partnerships ✓
14. What do you add to fixed costs to make the Total Costs
Break Even Point ✓
Sales Revenue ✓
Variable Costs ✓
Profits/Loss ✓
15. What is the philosophy that all employees are responsible for the quality of a business’s products
Quality Management ✓
Quality Materials ✓
Quality Control ✓
Quality Assurance ✓
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