Business Management and Micro-management Test Questions and Answers
,1. Which of the following is a type of
intangible business property that is
protected by law: C
A. Acreage B.
Inventory C.
Trademark D.
Equipment
Basic torts relating to businesses often D
involve disputes concerning A.
emotional stress.
B. assaults.
C. defamation.
D. contracts.
3. Which of the following is a D
characteristic of a business-format
franchise:
A. The name of the business is chosen
by the franchisee.
B. Products are bought directly from the
supplier.
C. It is the least popular franchise
arrangement.
D. Continuous assistance is provided by
the franchisor.
4. Limited liability, indefinite length of life, D
ease of expansion, legal entity, and
transfer of ownership are
considered advantages of a
A. sole proprietorship.
B. partnership.
C. trade union.
D. corporation.
, 5. Channels of distribution benefit D
consumers by
A. increasing profits for businesses. B.
lowering the prices of all consumer
products.
C. raising the quality of all consumer
products.
D. making a variety of products available
to them.
6. For which of the following markets A
would producers use a short channel of
distribution:
A. Local consumers
B. Generation X
C. Baby boomers
D. Senior citizens
7. If a business considers where the C
consumers are and who they are before
selecting a channel of
distribution, the business is considering
the __________ factor.
A. human
B. promotion
C. market D.
sales
8. What do business employees often A
need to do before they are able to write
proposals?
A. Research the problem B.
Analyze personal biases C.
Contact the customer D.
Evaluate technical skills
9. Which of the following is an example of B
a manager developing a policy that
impacts customer relations:
A. Increasing use of security devices
B. Extending business hours on weekends C.
Revising bookkeeping procedures
D. Scheduling employees' work hours
10. What should a successful brand C
promise be able to do?
A. Customize the product for each
customer
B. Clarify the company's processes C.
Communicate an appealing benefit D.
Convey a high-quality image
11. Which of the following is one way that freedom in a A
private enterprise system is limited by laws:
A. Certain occupations must be licensed.
B. All workers must take ability tests.
C. Specific pay scales are regulated.
D. Employees must register with the state.
,1. Which of the following is a type of
intangible business property that is
protected by law: C
A. Acreage B.
Inventory C.
Trademark D.
Equipment
Basic torts relating to businesses often D
involve disputes concerning A.
emotional stress.
B. assaults.
C. defamation.
D. contracts.
3. Which of the following is a D
characteristic of a business-format
franchise:
A. The name of the business is chosen
by the franchisee.
B. Products are bought directly from the
supplier.
C. It is the least popular franchise
arrangement.
D. Continuous assistance is provided by
the franchisor.
4. Limited liability, indefinite length of life, D
ease of expansion, legal entity, and
transfer of ownership are
considered advantages of a
A. sole proprietorship.
B. partnership.
C. trade union.
D. corporation.
, 5. Channels of distribution benefit D
consumers by
A. increasing profits for businesses. B.
lowering the prices of all consumer
products.
C. raising the quality of all consumer
products.
D. making a variety of products available
to them.
6. For which of the following markets A
would producers use a short channel of
distribution:
A. Local consumers
B. Generation X
C. Baby boomers
D. Senior citizens
7. If a business considers where the C
consumers are and who they are before
selecting a channel of
distribution, the business is considering
the __________ factor.
A. human
B. promotion
C. market D.
sales
8. What do business employees often A
need to do before they are able to write
proposals?
A. Research the problem B.
Analyze personal biases C.
Contact the customer D.
Evaluate technical skills
9. Which of the following is an example of B
a manager developing a policy that
impacts customer relations:
A. Increasing use of security devices
B. Extending business hours on weekends C.
Revising bookkeeping procedures
D. Scheduling employees' work hours
10. What should a successful brand C
promise be able to do?
A. Customize the product for each
customer
B. Clarify the company's processes C.
Communicate an appealing benefit D.
Convey a high-quality image
11. Which of the following is one way that freedom in a A
private enterprise system is limited by laws:
A. Certain occupations must be licensed.
B. All workers must take ability tests.
C. Specific pay scales are regulated.
D. Employees must register with the state.
