Business Management Fall 2023 Final Exam

Front

Small businesses are sometimes referred to as which of the following? Mom-and-Pop businesses, Family owned and operated, Father and son businesses, All in the family businesses

Back

Mom-and-Pop businesses

Front

Industrial markets can change due to which of the following? The economy, Consumer Behavior, Competitors Prices, The company's social responsibility

Back

Consumer Behavior

Front

What are the two most common management structures?

Back

Vertical and horizontal

Front

Effective management planning should be which of the following? Complex and stringent, Realistic and flexible, Difficult and unmanageable, Easy and whimsical

Back

Realistic and flexible

Front

Which of the following is NOT an activity associated with the controlling function of management? Allowing for missed deadlines, Setting standards, Evaluating performance, Solving problems

Back

Allowing for missed deadlines

Front

Which of the following is NOT a function of management: Control, Plan, Finance, Organize?

Back

Finance

Front

Which of the following is NOT one of the four components of the business process? Production, Marketing, Finance, Organization

Back

Organization

Front

What occurs in the planning function of management?

Back

Deciding what needs to be done and how it will be accomplished

Front

Which of the following describes small businesses?

Back

Usually have less than 100 employees

Front

Supervisors and managers are NOT usually responsible for which of the following?
- Guiding the activities of the businesses
- Setting goals for the business
- Seeing the work is completed
- Performing actual jobs in departments

Back

Performing actual jobs in departments