I will start with the most common questions asked. And this is one of the reasons why you need preparation for it. The most common questions that are asked include “what is your job title”, “where do you work”, “why should someone want to hire you” and so on. There is a lot of information that you have to remember it well. This is what I call preparing yourself for the exam. Preparation consists in short listing all the questions that you will have to face on the test, practicing these on paper or memory and then once you do that, you know exactly what to expect.
To answer some of the questions that are closely related to your case study in MBA, try to take a look at the business model of the company. How do they conduct their business? How do they manage their finances? What are their customers like? Is the company growing?
Now if you’re going to the real question, how would you be able to address these questions and put it into practice? For instance, if you are answering questions on the social and economic setting of business, you can use a simulation to play with the social and economic factors that affect you. For instance, in this case, it is unlikely that you are going to get a raise based on your promotion at work just because your boss likes your friends and you are going to be laughed at. But if you were in a different situation, with a different set of personal factors and your answer to those questions might give you a slight edge over others.
How about in answering questions concerning financial health of the business? What is the average yearly profits of the last five years? Is the business making enough money to pay its bills and keep its employees employed? These are things that most business quizzers will ask, and there’s nothing more boring than getting a failing grade. So just to spice up your business quiz, you can learn about the latest statistics on the economy.
There are other questions that will surely come up on the quiz. Answering these questions will really help you assess what is going well and what is not. Some questions even require you to think on your feet, improvise, and explore untapped resources. And if you are the type of person who needs quick thinking answers, then you better prepare for the social and economic questions that you will get during the entire duration of the test.
Some questions that you are likely to encounter include questions on the status of the economy and how it is affecting businesses. Do you see the country’s economy as stagnant or are there signs of improvement? Do you think that the government has done enough to improve the state of the economy? These are very necessary aspects to know when you take the quiz because they may affect the way you manage your business.
When you take my the social and economic setting of business quiz for me, it won’t just help you find out how you fare financially compared to your peers in the business world, but it can also tell you the current trends in the country and the world at large. This is information that you should not miss out on at all because it could easily play a role in the decisions that you take at present. If you do not want to take advice from others, then you can always do your own research on the matter. Who knows, you might just find out something that you never expected to find out.