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Mock Test for Bachelor of Business Administration
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1. What type of business ownership provides limited liability to its owners?
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2. Which marketing strategy focuses on selling existing products to new markets?
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3. Which financial statement provides a snapshot of a company's financial position at a specific point in time?
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4. What term refers to the process of setting objectives and determining how to achieve them?
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5. Which of the following is a key principle of Total Quality Management (TQM)?
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6. Which leadership style involves making decisions without consulting others?
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7. Which financial statement shows a company's revenues and expenses over a specific period?
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8. Which type of budget estimates expenses and revenues for a specific project or activity?
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9. In economics, what is the term for the total value of goods and services produced in an economy over a specific period?
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10. Which of the following is NOT a characteristic of monopolistic competition?
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11. Which of the following is NOT a component of the marketing mix?
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12. Which type of market research involves gathering information directly from individuals or groups?
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13. What is the process of influencing and motivating people to work towards achieving a specific goal called?
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14. What term refers to the strategy of lowering prices to gain market share quickly?
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15. What is the primary function of human resource management in organizations?
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16. Which type of organizational structure groups employees by specific projects or tasks?
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17. What economic indicator measures the average level of prices of goods and services in an economy?
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18. What is the term for the process of gathering, analyzing, and interpreting information about a market, product, or service?
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19. What is the process of converting inputs into outputs called in management terms?
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