Here are ten popular business, finance and economics principles/laws which everyone needs to know to get ahead in the commercial world. Enjoy completing this quiz. Afterwards; do leave your comments, score and up-vote in the section below. Thanks.
To view my other Business Posts: please click here: 1) Business Quiz: No. 1 – Click here: – 2) Business Quiz: No. 2 – Click here: – 3) Business Quiz: No. 3
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Question of
Which management principle states that: “In any organisation and its hierarchy, every employee tends to rise to his, or her, own level of incompetence”? (Note: Not competence!)
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The Pareto Principle
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The Peter Principle
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The Parkinson’s Principle
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Question of
Which principle of business-writing, known as: ‘The Law of Headlines’ – states that: “Any headline which ends in a question mark can be answered by the word, – No -”?
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Reilly’s law
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Betteridge’s law
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Benford’s law
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Question of
Which principle of personal development states that: “Everyone specializes in his or her own area of weakness”?
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Benford’s law
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Brandolini’s law
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Rothbard’s law
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Question of
Which management principle provides: “that ineffective workers are to be moved to those duties where they can do the least damage to the organisation” This is a variation of the Peter Principle of employee advancement.
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The Dilbert Principle
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The Pareto Principle
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The Parkinson’s Principle
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Question of
Which principle for improving effectiveness and productivity, is known as: ‘The 20:80 Rule”? This principle states that: “For most events (phenomena or situations); 80% of the consequences (effects or results) come from 20% of the causes (work-done/inputs)”.
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The Parkinson’s Principle – by C. Northcote Parkinson (1909–1993)
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The Peter Principle – by Dr. Laurence J. Peter (1919–1990)
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The Pareto Principle – by Economist Vilfredo Pareto
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Question of
In economics: which principle proclaims that under certain conditions, it is perfectly rational for competitors in business to make their products (or services) to be as nearly identical as possible.
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Hotelling’s law
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Hauser’s law
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Beckstrom’s law
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Question of
Which economics finance principle popularly states that: “Bad money drives good money out of circulation; if their exchange rate is set by law.”
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Beckstrom’s law
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Gresham’s law
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Hauser’s law
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Question of
Which management principle states that: “Work expands to fill the time available for its completion”; and the corollary principle, that: “Expenditure rises to meet income”?
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Rosenthal Principle
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Parkinson’s Principle
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Benford’s law
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Question of
Which marketing principle, known as: ‘The Law of Retail Gravitation’ – states that: “People generally patronize the largest shopping mall in any given area”?
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Benford’s law
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Reilly’s law
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Say’s law
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Question of
Which staff performance/productivity principle, also known as: ‘The Pygmalion Effect’ – states that: “Higher expectations lead to an increase in performance; and low expectations lead to a decrease in performance”?
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Okun’s law
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Say’s law
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Rosenthal’s law
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Interesting Quiz. Thank you very much.
Got 6 out of 10.??
6/10, kind of lame in business principals, but at least I learned something new. Great quiz!
5/10 some of them I guessed and marked.
Seems like business principles are a weakness of mine, yet I haven’t gravitated to them thus disproving Rothbard’s law…