Management & Law: Business Essentials

AI-generated quiz: Management & Law: Business Essentials

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5
Published
June 11, 2026
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management
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This quiz contains 5 questions

  1. 1

    According to Peter Drucker, what is the primary purpose of a business?

    • AMaximizing profit
    • BEnsuring the company's sustainability
    • CAchieving continuous growth
    • DCustomer satisfaction
  2. 2

    What does the acronym PESTEL stand for in the context of macro-environmental analysis?

    • APolitical, Economic, Social, Technological, Environmental, Legal
    • BPersonal, Economic, Social, Technological, Environmental, Legal
    • CPolitical, Economic, Social, Technological, Ethical, Legal
    • DPolitical, Environmental, Social, Technological, Ethical, Legal
  3. 3

    Which of the following best describes 'externalisation'?

    • AThe decision by a company to entrust an activity previously carried out internally to another organization.
    • BThe process of increasing internal production efficiency.
    • CA strategy of alliance between companies.
    • DA form of investment in foreign markets.
  4. 4

    What is the primary focus of 'active employment policies'?

    • APromoting job creation in specific sectors.
    • BCompensating unemployed individuals.
    • CFacilitating the return to employment through training and support.
    • DSupporting companies with financial difficulties.
  5. 5

    What is the definition of a 'deliberate strategy'?

    • AA strategy that emerges unexpectedly due to unforeseen circumstances.
    • BA strategy focused solely on short-term profitability and market share.
    • CA strategy that is planned and decided in advance by the company's leaders to achieve specific long-term goals.
    • DA strategy implemented without prior planning, adapting to immediate market demands.