IBDP Business Management Quiz

What is the primary objective of a social enterprise?

• Maximize profit for shareholders

• Achieve social or environmental goals while being financially sustainable

• Minimize costs at all expenses

• Expand market share globally

Which business organization type offers limited liability to its owners?

• Sole proprietorship

• Partnership

• Private limited company

• All of the above

True or False: Stakeholders are only those who own shares in a company.

• True

• False

What does CSR stand for in business context?

• Customer Service Relations

• Corporate Social Responsibility

• Capital Structure Ratios

• Competitive Strategic Resources

Which growth strategy involves a company expanding into new markets with existing products?

• Market penetration

• Market development

• Product development

• Diversification

What is the main purpose of workforce planning?

• To reduce employee salaries

• To ensure the right number of employees with right skills are available when needed

• To eliminate all temporary workers

• To increase working hours

Which recruitment method is most likely to bring diverse candidates?

• Internal recruitment only

• External recruitment through multiple channels

• Word-of-mouth referrals

• Hiring only from competitor companies

True or False: Herzberg's two-factor theory suggests that hygiene factors can motivate employees.

• True

• False

What is the primary benefit of employee appraisal systems?

• To justify salary cuts

• To find reasons for dismissal

• To improve employee performance and development

• To reduce training costs

Which leadership style involves employees in decision-making processes?

• Autocratic

• Democratic

• Laissez-faire

• Bureaucratic