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Mr. B Business Quiz #1 Flashcards | StudBud
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Mr. B Business Quiz #1
Mr. B Business Quiz #1
30 terms
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Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
Which motivation comes from external rewards?
Intrinsic
Internal
Extrinsic
Emotional
2
One challenge of e-commerce is:
Reduced competition
Fewer potential customers
Cybersecurity threats
Higher building costs
3
Which leadership style involves making decisions without consulting others?
Laissez-faire
Transformational
Democratic
Autocratic
4
Corporate social responsibility includes all EXCEPT:
Community involvement
Donating to charity
Sustainable practices
Maximizing short-term profits
5
Which motivation is best for long-term satisfaction?
Sense of achievement
Promotion
Award certificate
Financial bonus
6
Which of the following is a sustainability practice?
Designing apps
Managing inventory
Selling products
Reducing energy usage in operations
7
What is a key advantage of teamwork in business?
Less accountability
Less communication
Diverse ideas and shared responsibility
Lower wages
8
Teamwork helps businesses by:
Enhancing productivity
Eliminating conflict
Promoting isolation
Reducing feedback
9
What is the first step in the decision-making process?
Take action
Define the problem
Evaluate alternatives
Make a decision
10
Which is a human resource responsibility?
Price setting
Employee benefits management
Website design
Customer service
11
A transformational leader is best known for:
Micromanaging
Inspiring innovation and change
Delegating without guidance
Ignoring input
12
Global businesses must consider:
Single-language marketing
Local currency only
Local-only advertising
Cultural differences
13
A sole proprietorship is:
Government owned
A nonprofit
A business owned by one person
A business owned by shareholders
14
A company known for strong ethics is likely to:
Ignore regulations
Face legal trouble
Build a good reputation
Lose trust
15
Which structure features few levels of middle management?
Bureaucratic
Tall structure
Flat organizational structure
Centralized
16
What is the main goal of business ethics?
Avoid paying taxes
Outsmart competitors
Increase profits at all costs
Guide moral conduct in business activities
17
A key feature of global business is:
No foreign competition
Local-only marketing
Operating across multiple countries
Selling only domestically
18
What does the "Place" in the 4 Ps refer to?
Packaging design
The cost
The advertisement
Distribution channels
19
Which of the following is NOT a core business function?
Operations
Personal hobbies
Finance
Marketing
20
What stage of the product life cycle is characterized by slow sales and high marketing costs?
Growth
Decline
Maturity
Introduction
21
The finance department is mainly responsible for:
Marketing campaigns
Product packaging
Hiring new staff
Managing company money
22
A TALL & FORMAL organizational structure typically has:
One level
No managers
Peer-to-peer only
Multiple management levels
23
Which is a benefit of e-commerce for businesses?
Higher rent
Lower operating costs
Fewer customers
Limited market reach
24
Which of the following is an example of intrinsic motivation?
Personal satisfaction from doing a good job
Employee of the Month award
A promotion
A bonus for meeting sales goals
25
Which business function is responsible for tracking income and expenses?
Accounting
Marketing
Operations
HR
26
After generating alternatives, the next decision-making step is:
Define the problem
Identify goals
Evaluate the alternatives
Take action
27
The 4 Ps of marketing include all EXCEPT:
Price
Product
People
Promotion
28
Which is the best example of entrepreneurship?
Starting your own business
Following orders
Investing in stocks
Working for a large corporation
29
Corporate social responsibility includes:
Avoiding taxes
Giving back to the community
Avoiding competition
Minimizing product quality
30
Which stage of the product life cycle is focused on maximizing profit and defending market share?
Decline
Maturity
Growth
Introduction