MGT211 Quiz 12 May 2026

VU QUIZ REPORT

Subject: MGT211

Quiz Completed: 12/05/2026, 17:14:05 Total Questions: 10

What does the Hadith “Pay the worker his wages before his sweat dries” teach?

1. Barter-based payments
2. Increase working hours
3. Reduce wages
4. Timely and fair compensation

Correct answer: Timely and fair compensation

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

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

Correct answer: Fairness

An SME facing outdated technology should: A. Rely on manual processes B. Close operations

C. Invest in upgrading

D. Shift to agriculture If GDP drops for two consecutive quarters, a business should: A. Stop advertising

B. Prepare for a recession

C. Hire more staff D. Raise prices

Selected Answer: B

Lifestyle entrepreneurs: A. Focus on tech startups B. Avoid innovation

C. Align business with personal passion

D. Prefer franchises

What was the key business advancement during the Third Industrial Revolution?

1. Smart cities
2. Printing press
3. Assembly line
4. E-commerce and automation

Correct answer: E-commerce and automation

How do SMEs contribute to regional development?

1. By focusing on cities only
2. By creating employment
3. Through imports
4. By reducing taxes

Correct answer: By creating employment

Selected Answer: B

Knowledge workers are most closely associated with: A. Product delivery B. Manual labor C. Bartering

D. Data driven innovation

The circular flow model explains: A. Export strategies B. Online marketing

C. Movement of products in an economy

D. How banks operate

The central objective of business is: A. Knowledge generation B. Employment creation

C. Profit Earning

D. Resource management