Business Management Concepts Assessment

Front

Which of the following is an example of operational planning in a company?
Options:
Formulating the mission statement,
Setting the personnel policy,
Selecting the type of business to enter,
Determining the financial needs

Back

Setting the personnel policy

Front

A SWOT analysis is used to:

Back

identify new markets.

Front

The external environment of a SWOT analysis consists of:

Back

opportunities and threats.

Front

Many consultants and advisers push small companies to give more emphasis to their: internal environment, strengths, external environment, competitive edge

Back

external environment

Front

Which of the following is part of a company's financial resources? Tools and equipment, Available equity, Reputation, Supervisors

Back

Available equity

Front

The largest expense for companies selling products usually is related to: human capital and resources, insurance, materials, supplies, and/or goods, advertising

Back

materials, supplies, and/or goods

Front

Financial planning involves: estimating income and expenses.

Back

estimating income and expenses.

Front

Raw materials used to produce products are:

Back

variable expenses.

Front

In order to maintain control, the owner of a business should:

Back

invest more personal funds than all other sources combined.

Front

Through equity financing, a company can be partly owned by:

Back

the investors.