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Management 0001   Easy

 
 
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1. What term is used to describe the amount by which an asset loses its value?
 
Depreciation
Devaluation
Diminution
Disinterest
 
 
2. In which country are company names followed by the letters GmbH?
 
France
Germany
Italy
Spain

Gesellschaft mit beschränkter Haftung
 
 
3. When applied to the leader of an organisation, what does CEO stand for?
 
Central Executive Officer
Chairman's Executive Operative
Chief Executive Officer
Company Executive Organiser
 
 
4. In England and Wales with whom must limited companies be registered?
 
British Chambers Of Commerce
Companies House
Department Of Trade and Industry
Institute Of Directors
 
 
5. When evaluating the stock in a business, what does FIFO stand for?
 
Failure is for Others
Fastest Item for Observation
First in First Out
French Imports Fuel Output

Other evaluation methods include "Last In First Out" and "Highest In First Out"
 
 
6. What consultative process is often used to settle industrial disputes?
 
Arbitration
Confrontation
Reconciliation
Revaluation
 
 
7. Which entrepreneur founded Virgin Records in 1972?
 
Alan Sugar
Bill Gates
Donald Trump
Richard Branson
 
 
8. What term is used to describe the process of granting authority to a subordinate?
 
Abdication
Application
Delegation
Passing The Buck
 
 
9. What abbreviation is used to denote a list of qualifications and previous jobs?
 
CB
CD
CV
CZ

A Curriculum Vitae or résumé, usually accompanies a job application
 
 
10. In marketing, what is a product's USP?
 
Ultimate Selling Point
Undeniable Special Profile
Unique Sales Proposition
Unusual Sales Pitch

Sometimes known as Unique Selling Point
 
 
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