Preliminary Business Studies: Business Management Quiz

What is the calculation for Cost of Goods Sold?

Oporto and Red Rooster have decided to combine their resources to create Red-Porto. This is a?

Which of the following is a group with similar characteristics that business may focus on?

Which industry is responsible for sourcing raw materials?

A management style which includes employees in the decision making process

Which of the following is an output?

Which of the following is not included on a balance sheet?

A process of manufacturing standardised goods on a huge scale by automation

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Which type of management involves a system to make sure that the business meets set standards?

Which of the following is not part of the marketing mix?

Which of the following is a category in the input of the production process?

Which term refers to gross profit minus expenses?

Which term refers to the amount of inventory a business has at the start of a period?

Which management strategy approach stresses the need for flexibility in decision making?

Who published "The Principles of Scientific Management?

Which of the following is an intangible asset to a company?

Which of the following is part of a SWOT analysis?

Which of the following is not one of the four main resources available to business?

Which of the following is a skill of management?

This type of statement is best for analysing the short term success of a business

What are the three key elements of the production process?

Which of the following is a narrowly selected target market?

What does JIT stand for?

Which of the following companies uses Just-In-Time as part of their operations process?

Which of the following is not a management system?

This happens when there is a maximum difference between total revenue and expenses

Which of the following is not part of the marketing mix?

Which of the following is an example of a leadership style?

Which of the following is not one of the 5 main categories on the income statement?

Which of the following is not one of the "four key business functions"?

Which of the following is not a feature of a classical management approach?