Basics of Business Management

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Quiz on core BM concepts

Created by

Temmy Olorunfemi

South Africa

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Froggy Jumps Basics of Business ManagementOnline version Quiz on core BM concepts by Temmy Olorunfemi 1 What is a business management goal mentioned in the materials? a Gain profit and satisfy customers' needs b Expand only through marketing c Maximize secrecy and avoid taxes 2 Which is a key activity in management according to the text? a Only sell and advertise b Plan, organize, lead and control resources c Ignore community relations 3 Maslow's hierarchy helps businesses understand ___. a inventory turnover b customer needs and wants c employee payroll cycles 4 Which item is a tangible product example from the notes? a Haircut service b Consulting advice c Fruit 5 What are the four factors of production listed? a Inputs, outputs, processes, risks b Markets, policies, taxes, subsidies c Natural resources, capital, labour, entrepreneurship 6 What is a service as defined in the slides? a A physical good only b An intangible act or process c A monetary transaction 7 How does a business interact with the community, per the case study? a By isolating from local events b By employing locals and paying taxes c By avoiding local suppliers 8 Which concept differentiates a need from a want? a Wants are essential; needs are optional b Needs are essential; wants are optional c Both are always essential 9 Which statement about Case Jasmine is supported by the text? a She opened a factory immediately b She stopped after her first order c She started baking and later expanded to a dedicated premises 10 What does entrepreneurship mean in the context of the factors of production? a Combining other factors with innovation to form a business b Selling products abroad c Hiring only engineers

Froggy Jumps

Basics of Business ManagementOnline version

Quiz on core BM concepts

by Temmy Olorunfemi

What is a business management goal mentioned in the materials?

Gain profit and satisfy customers' needs

Expand only through marketing

Maximize secrecy and avoid taxes

Which is a key activity in management according to the text?

Only sell and advertise

Plan, organize, lead and control resources

Ignore community relations

Maslow's hierarchy helps businesses understand ___.

inventory turnover

customer needs and wants

employee payroll cycles

Which item is a tangible product example from the notes?

Haircut service

Consulting advice

Fruit

What are the four factors of production listed?

Inputs, outputs, processes, risks

Markets, policies, taxes, subsidies

Natural resources, capital, labour, entrepreneurship

What is a service as defined in the slides?

A physical good only

An intangible act or process

A monetary transaction

How does a business interact with the community, per the case study?

By isolating from local events

By employing locals and paying taxes

By avoiding local suppliers

Which concept differentiates a need from a want?

Wants are essential; needs are optional

Needs are essential; wants are optional

Both are always essential

Which statement about Case Jasmine is supported by the text?

She opened a factory immediately

She stopped after her first order

She started baking and later expanded to a dedicated premises

What does entrepreneurship mean in the context of the factors of production?

Combining other factors with innovation to form a business

Selling products abroad

Hiring only engineers

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Basics of Business Management

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

Basics of Business ManagementOnline version

by Temmy Olorunfemi

What is a business management goal mentioned in the materials?

Which is a key activity in management according to the text?

Maslow's hierarchy helps businesses understand ___.

Which item is a tangible product example from the notes?

What are the four factors of production listed?

What is a service as defined in the slides?

How does a business interact with the community, per the case study?

Which concept differentiates a need from a want?

Which statement about Case Jasmine is supported by the text?

What does entrepreneurship mean in the context of the factors of production?

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