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Quiz! for formative assessment
Quiz! for formative assessment
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StudBud Administration
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Let this quiz inspire your own quiz for formative assessment.
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Questions
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Answers
1
A pricing method that involves
setting a low price in order to enter an industry.
Predatory
Competitive Pricing
Penetration
Loss Leader
2
An organization that
operates in two or more countries
, usually with its head office based in
the home country.
Multinational Company
NGO
Foreing Company
Transnational Organizational
3
Which of the following is NOT a type of the internal source of finance?
Share Capital
Personal Savings
Loans
Retained Profit
4
⊹
Niche marketing
targets a large market segment, usually for commonly used products.
False
True
5
Lowering average cost of production as a firm operates on a larger scale.
External Growth
Internal Growth
Economies of Scale
Diseconomies of Scale
6
Companies are incorporated businesses, there is a legal difference between the owners of the company and the business.
False
True
7
Are Suppliers an internal type of stakeholders?
False
True
8
Which of the following is NOT a type of secondary research?
Research article
Government Statistics
Competitors
Surveys
9
A sector of industry in which businesses are owned and controlled by private individuals and businesses
Public Sector
Business Sector
Private Sector
Financial Market
10
"People" in the 7 Ps is related to the employees who works at the company.
False
True
11
A financial service that allows a business to temporarily overdraw on its bank account
Overdrafts
Loan
Trade Credit
Mortgage
12
Revenue-generating businesses with social objectives at the core of their operations.
Charities
Sole Traders
Social Enterprises
Non-governmental Organizations
13
Which of the following is NOT a component of the Tripple Bottom Line sustainability model?
Economic
Social
Governmental
Environmental
14
Which of the following is NOT one of the key concepts of IB business management?
Globalization
Change
Ethics
Sustainability
15
I have completed at least 80% of my IA over the summer.
True
False
16
MNCs bring benefits to the host countries such as job creation and knowledge transfer.
False
True
17
Capital expenditure refers to finance spent on the daily operations of a business, such as the payment for wages and rent
True
False
18
Quantitative market research
involves getting non-numerical answers and opinions from research respondents
True
False
19
Which of the following is NOT a type of internal economies of scale?
Regional Specialization
Managerial Economies
Buying in bulk
Marketing Economies
20
A kind of leader who makes all the decisions and prefers not to delegate any responsibility.
Autocratic
Democratic
Paternalistic
Laissez-Faire
21
Passing on of control and decision-making authority to others.
Span of Control
Delegation
Hierarchy
Chain of Command
22
Which of the motivational theories suggests that people are motivated primarly by money and proposes piece-based pay.
McClelland's
Maslow's
Herzberg's
Taylor's
23
An individual who owns his/her personal business.
Limited Liability Company
Sole Trader
NGOs
Partnership
24
Which of the following is NOT above-the-line promotion method?
Social media post on company's page
Billboards
Cinema
Newspapers
25
Marketing Research should ONLY be done before the business is established.
False
True
