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Business Studies

Management, finance, marketing, and the business environment.

Subject quiz

Answer all 10 questions to see your score and a list of topics to revisit.

1. How does efficiency differ from effectiveness? A. Both concern resources only B. Efficiency concerns goals, effectiveness concerns resources C. Efficiency concerns resources, effectiveness concerns goals

2. Which Fayol principle says an employee should receive orders from one superior? A. Unity of direction B. Order C. Unity of command

3. What dimension includes government stability and attitudes toward business? A. Technological environment B. Social environment C. Political environment

4. What is a planning premise? A. An assumption about future conditions B. A comparison of actual and planned results C. A rule that permits no discretion

5. What comes first in the organising process? A. Identify and divide the work B. Establish reporting relationships C. Assign duties to specific people

6. How does selection differ from recruitment? A. Both terms mean training candidates B. Recruitment attracts candidates, selection chooses them C. Recruitment chooses candidates, selection attracts them

7. Name four elements of directing. A. Planning, organising, staffing and controlling B. Recruitment, selection, placement and appraisal C. Supervision, motivation, leadership and communication

8. What step follows measurement of actual performance? A. Recruit new employees B. Compare actual results with the standards C. Set a different objective before comparing

9. What is net working capital? A. Current liabilities minus current assets B. Current assets minus current liabilities C. Total assets minus current liabilities

10. Which element of the marketing mix concerns distribution? A. Promotion B. Price C. Place

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Subject quiz

Topics to revisit