MINI MBA QUIZ - seedhub

Mini MBA

The Mini MBA exam serves as an effective assessment tool to evaluate participants' comprehension and application of key management concepts. It helps gauge the students' understanding of areas such as marketing, financial management, and operations. Additionally, the exam assesses the ability to apply these concepts in real business contexts. The results provide valuable feedback for both participants and instructors, ensuring maximum benefit from the course and the achievement of leadership and management development goals.

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1. Which marketing model involves identifying customer segments, conducting market research, developing a marketing strategy, and implementing tactics to effectively reach and engage with the target audience?

A. 4Ps Marketing Mix.

B. STP (Segmentation, Targeting, Positioning).

C. SWOT Analysis.

D. CRM (Customer Relationship Management).

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2. What is the best definition of a program?

A. A group of unrelated projects managed in a coordinated way

B. A temporary endeavor undertaken to create a unique product, service, or result

C. A group of related projects managed in a coordinated way to obtain benefits not available from managing them individually

D. A permanent endeavor creating a repetitive product or service

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3. In the marketing process, what is the progression from awareness to building interested prospects?

A. Awareness, Consideration, Decision.

B. Prospecting, Interest, Conversion.

C. Interest, Consideration, Awareness.

D. Awareness, Interest, Desire.

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4. The Two Main Results from the job analysis process is :

A. Job Description and Job Specification.

B. Job Specification and Job Analysis.

C. Recruitment and selection

D. Training and development

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5. When lead time is long and demand uncertainty is low, the appropriate strategy is:

A. continuous replenishment strategy

B. pull strategy

C. push strategy

D. pull-push strategy

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6. To support the organizational strategy the HR department must perform :

A. Performance management

B. Training and development

C. Job description and job specification

D. Succession Planning, Talent Management, Change Management

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7. One of the following is not the main Functions of Human Resources:

A. Training & Development.

B. On Job Training.

C. Recruitment and Selection

D. Performance Management

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8. If you know that the total assets are 125,000 and the total liabilities are 75,000, what is the capital?

A. 25,000

B. 75,000

C. 50,000

D. 125,000"

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9. In PESTEL analysis, what does the "E" stand for?

A. Economics

B. Employees

C. Ethical

D. External

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10. If you know that the total current assets are 88,000 and the total current liabilities are 50,000, what is the working capital?

A. 38,000

B. 1.76

C. 0.56

D. None of the above

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11. What makes supply chain management difficult?

A. Supply chain strategies cannot be determined in isolation.

B. It is challenging to design and operate a supply chain so that total system-wide costs are minimized, and system-wide service levels are maintained

C. Uncertainty and risk are inherent in every supply chain

D. All of the above

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12. In project management, what does an S-curve typically represent?

A. The relationship between total project cost and time

B. Cumulative costs, labor hours, or other quantities plotted against time

C. The velocity at which a project team completes work items

D. A graphical representation of a project's schedule showing task order and duration

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13. In a real-life business scenario, a company is analyzing its business model. Among the following components, which one is NOT typically considered part of the business model?

A. Key Partners

B. Key Tools

C. Revenue Stream

D. Value Proposition

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14. Which of the following is typically found on an income statement?

A. Total assets

B. Total liabilities

C. Revenue

D. Beginning cash balance

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15. Sending an apologize letter to all unsuccessful candidates is a part of :

A. Preparation Stage

B. Interviewing Stage

C. Post-interview Stage

D. selection stage

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16. Which statement is incorrect concerning push-pull supply chain?

A. differentiation is made when actual customer demand is revealed using pull-based strategy

B. typically, the initial stages, prior to assembly, are operated in a pull-based strategy

C. generic (family) components are produced using push-based strategy

D. the point where differentiation has to be introduced is called the push-pull boundary

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17. In supply chain, risk pooling means:

A. demand variability is reduced if one aggregates demand across locations

B. demand variability is increased if one aggregates demand across locations

C. demand variability is not affected if one aggregates demand across locations

D. demand variability can be increased or reduced if one aggregates demand across locations

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18. The purpose of _________ is to avoid (bypass) warehouses and distribution centers

A. traditional warehousing strategy

B. direct shipment distribution strategies

C. transshipment strategy

D. cross-docking strategy

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19. What are some factors that can influence the variation in marketing strategies?

A. Weather conditions and political events.

B. Target market, industry, competitive landscape, and marketing objectives.

C. Employee skills and training programs.

D. Product color and packaging design.

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20. What is the primary goal of branding?

A. Achieving product uniformity

B. Creating a unique identity and differentiation

C. Maximizing competitor recognition

D. Minimizing customer loyalty

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21. All the following is a balanced scorecard perspective but not:

A. Profit

B. Customer

C. Internal Process

D. Learning and Growth

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22. Which of the following represents the correct sequence of planning processes?

A. Scope, Time, Quality, Cost, Resources, Requirements

B. Requirements, Scope, Cost, Time, Quality, Resources

C. Time, Cost, Quality, Scope, Resources, Requirements

D. Requirements, Cost, Scope, Time, Resources, Quality

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23. Which statement best differentiates a proposal from a quotation in project management?

A. A proposal is a detailed plan of how a project will be executed, while a quotation is a fixed price offer for goods or services

B. A proposal and a quotation are essentially the same in project management context

C. A quotation is a detailed plan of how a project will be executed, while a proposal is a fixed price offer for goods or services

D. Both a proposal and a quotation are binding agreements between the seller and buyer

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24. When HR department is doing only Hiring, Vacations, Leaves, and Updating Employees Data it’s called :

A. . Human Resources Management department

B. Personnel department

C. HR business partner

D. Human Capital Management department

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25. Reduce the average response time to customer inquiries via email from 48 hours to 24 hours within the next quarter."
This is an example of :

A. Strategic KPI

B. Strategic Objecive

C. Operational KPI

D. Operational Objective

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26. All of the following are financial accounting objectives except:

A. Determining the financial performance of the entity

B. Identifying the financial position of the entity

C. Providing data and information about the timing of cash flows

D. Managing the day-to-day operations of the entity

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27. Question Three: The following accounts (Accounts Receivable - Inventory - Cash) appear in the balance sheet under:

A. Fixed assets

B. Current assets

C. Short-term liabilities

D. Equity

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28. Which of the following best defines a project performance baseline?

A. A documented description of the project scope, major deliverables, and constraints

B. The aggregation of all planned value (PV) measurements for the project

C. An approved version of the scope, schedule, and cost baselines, used to compare actual performance and manage changes

D. The original project plan plus all approved changes

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29. How does the sales process typically progress?

A. Value, Confidence, Spending.

B. Value, Interest, Awareness.

C. Confidence, Value, Spending.

D. Spending, Confidence, Value.

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30. In a real business scenario where a company is evaluating its strategic tools, which of the following is NOT typically considered a tool in strategic management, except?

A. Persona

B. Value Chain

C. Value Stream

D. Brainstorming

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