Test Your Business Knowledge
Test Your Business Knowledge
Take a deep dive into the world of business with our fun and engaging quiz! Challenge yourself with questions ranging from finance to production methods.
Test your knowledge on key concepts like:
- Primary Research
- Return on Capital Employed
- Finance Sources
- Production Quality
State a type of primary research
Books
Government Research
Focus Groups
Online Fourms
State the formula for ROCE (Return On Capital Employed)
Net Profit / Capital Employed X 100
Gross Profit / Capital Employed X 100
Capital Employed / Net Profit X 100
Net Profit X Capital Employed / 100
State two sources of finance
Trade Credit
Merging
Buying Other Businesses
Personal Savings
State the acid test ratio
Current Assets + Stock / Current Liabilities
Current Assets - Stock / Current Liabilities
Current Liabilities - Stock / Current Asset
Current Assets X Stock / Current Liabilities
What is an example of fixed assets?
Liquidity
Stocks
Cash
Buildings
Example of diseconomies of sales
Buying in bulk
Easier to get financial loan
Better brand reconginition
Higher costs
Which one is NOT a stage in Maslow's Hierarchy
Physiological
Self-Esteem
Self-Actuaization
Productivity
Example of economies of sales
Easier to get finance (loan)
Increase costs
Increase total employees
Better brand reputation
Is this true or false? Flow production's product quality is consistent.
True
False
State a method of lean production
Autocratic
Kaizen
Productivity
Increased efficiency
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