Business Quiz

The primary objective of every business is ________

• Survive

• Diversification

• Profit

• Expansion

Business Law is also known as _____

• Commercial Law

• Mercantile Law

• Both Commercial & Mercantile Law

• None of the Above

MBE stands for ______

• Management By Exception

• Management By Expert

• Management by Elimination

• None of the Above

What does SWOT stand for in business analysis?

• Strengths, Weaknesses, Opportunities, Threats

• Systems, Workflows, Operations, Techniques

• Sales, Workforce, Objectives, Targets

• None of the Above

The term 'liability' in business refers to _____

• Assets owned by the business

• Obligations or debts of the business

• Revenue generated by the business

• None of the Above

Which of the following is a common form of business ownership?

• Sole Proprietorship

• Partnership

• Corporation

• All of the Above

What does KPI stand for in business management?

• Key Performance Indicator

• Knowledge Process Integration

• Key Profit Index

• None of the Above

The process of analyzing financial statements to assess a company's performance is known as _____

• Financial Analysis

• Market Research

• Operational Review

• None of the Above

Which of the following is a type of market structure?

• Monopoly

• Oligopoly

• Perfect Competition

• All of the Above

What does the term 'market segmentation' refer to?

• Dividing a market into distinct groups of buyers

• Analyzing competitors in the market

• Setting prices for products

• None of the Above