Multiple choice business
Business Fundamentals Quiz
Test your knowledge of essential business concepts with our engaging quiz! This interactive experience consists of 10 multiple-choice questions designed to challenge your understanding of key topics in business.
Key Features:
- Variety of Questions
- Instant Feedback
- Fun and Educational
What is an example of primary research?
Library
Online
Interviews
Newspaper
What is advantage of centralised
Better decisions being made
Everyone gets opinion
More motivation
Less costly
What is current ratio formula
Current liabilities/current assets
Current assets- current liabilities
Current assets/current liabilities
Current assets + current liabilities
What induction training?
Introduction to job
Train outside of job
Train inside of job
Training others
What is 2 disadvantages of external recruitment (pick 2)
More time consuming
Lesser skills
Not much choice
More expensive
A financial method of motivation
Company car
Bonus
Job rotation
Job enrichment
What capital employed formula
Retained profit + long term loans + Share capital
Current assets - current liabilities
Retained profit - long term loans + share capital
Current assets + current liabilities
What is a diseconomy of scale example
Cannot buy in bulk
Can manage well
Unmotivated workforce
Costly
What is just in time (JIT)
Buy bulk to be able to give in time
Minimum costs
Efficient workers
A minimum amount of stock
Formula of labour productivity
Outputs / number of workers
Number of workers - output
Number of workers + output
Input - ouput
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