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MGT211 Quiz 1 May 2026

Introduction To Business PDF 35 KBUpdated 23 Oct 2026
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Quiz MGT211 Quiz 1 May 2026 PDF 35 KB
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Type
Quiz
Course
MGT211 Introduction To Business
Size
PDF 35 KB
Updated
23 Oct 2026
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Text from pages 2, 3, 4 of 5. Download the file for all 5 pages.

Question:

An SME facing outdated technology should:

A. Invest in upgrading

B. Close operations C. Rely on manual processes D. Shift to agriculture Copied: 5/12/2026, 12:39:06 PM

Question:

Which sector is responsible for extracting natural resources?

  1. Primary
  2. Quaternary
  3. Tertiary
  4. Secondary

Correct answer: Primary

Copied: 5/12/2026, 12:39:35 PM

Question:

A company impacted by cost-push inflation might respond by:

A. Raising product prices

B. Increasing employee benefits

C. Cutting wages D. Reducing prices Copied: 5/12/2026, 12:39:47 PM

Question:

What does cost-push inflation refer to?

  1. Market speculation
  2. Currency devaluation
  3. Increase in demand
  4. Increase in production costs

Correct answer: Increase in production costs

Copied: 5/12/2026, 12:40:15 PM

Question:

Why is transparency important in business?

  1. To build consumer trust and legal compliance
  2. To hide profits
  3. To reduce employee autonomy
  4. To avoid innovation

Correct answer: To build consumer trust and legal compliance

Copied: 5/12/2026, 12:40:27 PM

Question:

How do ethical businesses benefit in the long term?

  1. By earning trust and reducing legal risk
  2. Through public manipulation
  3. By cutting employee wages
  4. By avoiding taxes

Correct answer: By earning trust and reducing legal risk

Copied: 5/12/2026, 12:40:44 PM

Question:

What is a core principle of business ethics that means treating people justly?

  1. Respect
  2. Transparency
  3. Fairness
  4. Loyalty

Correct answer: Fairness

Copied: 5/12/2026, 12:41:04 PM

Question:

A tech startup focusing on AI-driven analytics is part of which sector?

  1. Quaternary

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