Business Degree Business Administration 4

Question 1

Which of the following is an example of a fixed cost for a manufacturing company?

Accepted Answer

Factory rent paid monthly

Answer

Fixed costs remain constant regardless of production volume; factory rent stays the same whether the company produces 100 or 10,000 units.

Question 2

The Balanced Scorecard management framework evaluates performance across which four perspectives?

Accepted Answer

Financial, Customer, Internal Processes, Learning & Growth

Answer

The Balanced Scorecard, developed by Kaplan and Norton, assesses organizational performance from Financial, Customer, Internal Process, and Learning & Growth perspectives.

Question 3

In human resources, which federal law prohibits employment discrimination based on race, color, religion, sex, or national origin?

Accepted Answer

Civil Rights Act of 1964

Answer

Title VII of the Civil Rights Act of 1964 is the landmark federal law that prohibits workplace discrimination based on race, color, religion, sex, or national origin.

Question 4

A business has revenue of $500,000 and total costs of $350,000. What is the profit margin?

Accepted Answer

30%

Answer

Profit margin = (Revenue − Costs) / Revenue × 100 = ($500,000 − $350,000) / $500,000 × 100 = 30%.

Question 5

Which concept describes the tendency for individuals to exert less effort when working in a group than when working alone?

Accepted Answer

Social loafing

Answer

Social loafing is the observed phenomenon where individuals reduce their personal effort when they believe others in the group will compensate.

Business Degree Practice Test

Business Degree Practice Test

Business Degree Business Administration 4