business performance measures SBE

business performance measures SBE

Professional Development

32 Qs

quiz-placeholder

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business performance measures SBE

business performance measures SBE

Assessment

Quiz

Social Studies

Professional Development

Medium

Created by

kavita sharma

Used 3+ times

FREE Resource

32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business gathers information regarding the population size of a specific area. Which of the following best describes the information collected?

Marketing data

Market data

Financial data

Financial information

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is not a key aspect of evaluating business performance?

Financial analysis

Market analysis

Risk management

Customer satisfaction

Employee morale

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The primary goal of evaluating business performance is to:

Identify areas for improvement

Make informed decisions

Ensure long-term sustainability

All of the above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Financial analysis can be used to evaluate a company's:

Liquidity

Profitability

Efficiency

Solvency

All of the above

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Evaluating business performance is important for businesses because it:

Provides insights into a company's strengths, weaknesses, opportunities, and threats

Helps businesses make informed decisions and prioritize areas for improvement

Enhances financial performance and profitability

Enables efficient allocation of resources and strategic decision-making

Helps attract investors and secure external funding

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The Balanced Scorecard is a framework that measures a company's performance across various dimensions, including financial, customer, internal processes, and learning and growth.

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Benchmarking compares a company's performance to that of its peers or industry standards.

True

False

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