by Shubhrata Shrestha | Sep 19, 2025
Crisis Management and Contingency Planning (HL only) Quiz 1. Which of the following best describes crisis management? A) Proactive preparation for risks B) Reactive response to unexpected events C) Long-term strategic planning D) Eliminating all business risks None 2....
by Shubhrata Shrestha | Sep 15, 2025
Production Planning (HL only) Quiz 1. Which of the following is a drawback of global supply chains? A) Reduced transportation costs B) Limited product availability C) Time zone and cultural differences D) Easier supplier coordination None 2. Just-in-Time stock control...
by Shubhrata Shrestha | Sep 15, 2025
Break-even Analysis Quiz 1. Contribution per unit is calculated as: a) Selling Price ÷ Variable Cost b) Selling Price – Variable Cost c) Fixed Costs ÷ Contribution d) Total Revenue – Total Costs None 2. If a product sells at $20, variable cost is $12, and fixed costs...
by Shubhrata Shrestha | Sep 15, 2025
Location Quiz 1. Which of the following is a quantitative factor in business location? a) Management preferences b) Local knowledge c) Proximity to raw materials d) Ethical concerns None 2. Why might a business locate near its target market? a) To avoid government...
by Shubhrata Shrestha | Sep 15, 2025
Lean Production and Quality Management (HL only) Quiz 1. What does the Japanese term muda mean in the context of lean production? A) Continuous improvement B) Waste C) Quality control D) Efficiency None 2. Which of the following is NOT a principle of lean production?...
