Introduction to Business Planning

A manager whose main job is to direct the work of the employees is called

• Leader

• Middle manager

• supervisor

• Executive

A manager that completes specialized work in one of the mangement functions is called:

• Leader

• Middle manager

• Supervisor

• Executive

Which level(s) of management sets goals for company or team?

• Executive

• Middle management

• Supervisors

• All levels of management

Which of the following would most address a company's strategic planning?

• public relations campaign
• marketing plan
• mission statement
• profit and lost statement

Which document is used to obtain financing and plan objectives for a business?

• Competitive Analysis
• Financial Statement
• Mission Statement
• Business Plan

When the amount of money supply and business activity dramatically increases, accompanied by sharply rising prices

• Depression
• Recession
• Inflation
• Constriction

Successful managers are

• communicators
• decision makers
• relationship builders
• all of the responses

Which function of management involves defining an organizations goals

• planning

• organizing

• staffing

• leading

Middle managers are managers who ........

• may be directors, chief executive officers, presidents and vice presidents

• are responsible for the management of employees directly engaged in producing the goods or services provided by the business

• are responsible for major areas of organizational activity

• are the ones who set policies and procedures and make final business decisions

The amount of resources used to achieve an organisational goal is known as ______________________.

• effectiveness

• resourcefulness

• management

• efficiency