Business Management Mock 2025

Question 1 of 50

A name, symbol or design that identifies a firm's product is a

Question 2 of 50

Money invested in a business by its owners is

Question 3 of 50

The market where shares of public companies are bought and sold in Ghana is the

Question 4 of 50

The responsibility of a business to act in ways that benefit society is

Question 5 of 50

Inflation, interest rates and exchange rates are part of a business's

Question 6 of 50

A business's staff, finances and management make up its

Question 7 of 50

A new tax law that affects a company is part of its

Question 8 of 50

People and groups with an interest in a business, such as customers, workers and the community, are its

Question 9 of 50

Arranging people and resources so that plans can be carried out is the management function of

Question 10 of 50

Guiding and motivating staff towards the organisation's goals is

Question 11 of 50

A company that operates in many countries, with headquarters in one, is a

Question 12 of 50

A benefit of multinational corporations to Ghana is

Question 13 of 50

Selling goods and services to other countries is

Question 14 of 50

Giving a subordinate the authority to perform a task is

Question 15 of 50

A written message sent within an organisation is a

Question 16 of 50

Communication that flows from managers to subordinates is

Question 17 of 50

Which is an essential element of a valid contract?

Question 18 of 50

Assessing an employee's performance against agreed targets is

Question 19 of 50

Choosing the most suitable candidate from those who applied is

Question 20 of 50

Producing goods continuously in very large quantities is

Question 21 of 50

Procurement management is concerned with

Question 22 of 50

A business plan is

Question 23 of 50

Permission from a bank to withdraw more than the balance in a current account is a

Question 24 of 50

A business's internal strengths and weaknesses and external opportunities and threats are analysed in a

Question 25 of 50

The level of output at which total revenue equals total cost is the

Question 26 of 50

The body that sets and enforces product quality standards in Ghana is the

Question 27 of 50

Henri Fayol is known for describing

Question 28 of 50

The African Continental Free Trade Area (AfCFTA) secretariat is in

Question 29 of 50

In contract law, consideration means

Question 30 of 50

A written statement of the duties and responsibilities of a job is the

Question 31 of 50

Inviting suppliers to submit sealed bids for a contract is

Question 32 of 50

Keeping stock as low as possible by receiving materials only when needed is

Question 33 of 50

Setting a high price when a new product is launched is

Question 34 of 50

The stage of the product life cycle when sales grow fastest is

Question 35 of 50

The part of a business plan that summarises the whole plan is the

Question 36 of 50

A business facing a new tax on its product is affected by which PESTLE factor?

Question 37 of 50

Contingency planning prepares a business for

Question 38 of 50

Strategic planning is usually done by

Question 39 of 50

A joint venture in international business is

Question 40 of 50

Decentralisation in an organisation means

Question 41 of 50

Psychometric tests in recruitment measure

Question 42 of 50

Total quality management (TQM) involves

Question 43 of 50

Capacity utilisation of a factory producing 8,000 units with capacity 10,000 is

Question 44 of 50

A unique selling point (USP) is

Question 45 of 50

Porter's Five Forces includes the threat of

Question 46 of 50

A matrix organisational structure means employees

Question 47 of 50

An acceptance sent by post is generally effective

Question 48 of 50

A contract induced by misrepresentation is

Question 49 of 50

Job enrichment means

Question 50 of 50

Price elasticity of demand matters in pricing because