Commerce and Management Quiz
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Questions and Answers

What does SWOT stand for in the context of business management?

  • Security, Wealth, Ownership, Trust
  • Sales, Workflow, Organization, Training
  • Strategy, Workforce, Operations, Technology
  • Strength, Weakness, Opportunity, Threat (correct)

    • Which of the following is not a function of management?

  • Planning
  • Supervising
  • Coordinating
  • Performing (correct)

    • Which of the following is a characteristic of a command economy?

  • Centralized government planning (correct)
  • Private ownership of businesses
  • Market-driven resource allocation
  • Economic freedom for individuals

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