1.7 The factors influencing the quality and effectiveness  Quiz

1.7 The factors influencing the quality and effectiveness Quiz

12th Grade

15 Qs

quiz-placeholder

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1.7 The factors influencing the quality and effectiveness  Quiz

1.7 The factors influencing the quality and effectiveness Quiz

Assessment

Quiz

Financial Education

12th Grade

Medium

Created by

Lenna Alexandre

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is 'scenario planning' primarily used for in business decision-making?

Increasing sales

Reducing overhead costs

Predicting future outcomes

Hiring employees

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is a financial benefit of business decisions?

Improved employee morale

Increased market share

Higher revenue

Enhanced brand reputation

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Why is 'what-if?' analysis important in business?

It guarantees profits

It allows businesses to explore different outcomes

It simplifies decision-making

It reduces the need for market research

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a non-financial benefit of a business decision?

Increased profit margins

Cost savings

Enhanced customer satisfaction

Higher sales figures

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which factor can influence the time needed to make a business decision?

Organisational bias

Employee turnover

Complexity of the decision

Brand loyalty

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What role do ethics play in decision making in accounting?

Ensuring legal compliance

Maximising profits at any cost

Minimising tax liabilities

Enhancing transparency and trust

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is a key skill necessary for effective decision-making in business?

Public speaking

Technical writing

Analytical thinking

Salesmanship

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