Trivia questions and answers, drawn fresh from the well

• Easy Easy difficulty.
• Business Terminology

In project management, what term describes the longest sequence of dependent tasks that determines a project’s minimum duration?

Answer

Critical path

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• Intermediate Intermediate difficulty.
• Business Terminology

In corporate takeover defense, what is a poison pill designed to do?

Answer

Make a takeover more expensive

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• Easy Easy difficulty.
• Business Terminology

In corporate finance, what term describes a company’s ability to meet its short-term financial obligations?

Answer

Liquidity

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• Intermediate Intermediate difficulty.
• Business Terminology

In business strategy, what term describes creating an uncontested market space instead of competing directly in an existing market?

Answer

Blue ocean strategy

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• Intermediate Intermediate difficulty.
• Business Terminology

In accounting, what term describes recording revenue when it is earned rather than when cash is received?

Answer

Accrual accounting

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• Easy Easy difficulty.
• Business Terminology

In startup finance, what term describes the rate at which a company spends its available cash before becoming profitable?

Answer

Burn rate

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• Hard Hard difficulty.
• Business Terminology

In corporate governance, what is the committee responsible for overseeing financial reporting and external audits?

Answer

Audit committee

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• Intermediate Intermediate difficulty.
• Business Terminology

In operations management, what term describes a process improvement approach that reduces waste and variation?

Answer

Lean Six Sigma

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• Intermediate Intermediate difficulty.
• Business Terminology

In entrepreneurship, what term describes a company that reaches a $1 billion valuation while still privately held?

Answer

Unicorn

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• Intermediate Intermediate difficulty.
• Business Terminology

In pricing strategy, what is the term for charging different customers different prices for the same product?

Answer

Price discrimination

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• Intermediate Intermediate difficulty.
• Business Terminology

In marketing, what is the business term for a group of customers sharing similar needs?

Answer

Market segment

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• Easy Easy difficulty.
• Business Terminology

In accounting, what term describes cash received and paid by a business over a period?

Answer

Cash flow

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