BBI2O_7.1 How Management Functions

Which of the following is a long-term goal?

(K:1, T:1)

• The goal is to be the best IT company in the next five years.

• The goal is to increase profit by 10% in the next quarter.

• The goal is to decrease operational cost on the 3rd and 4th quarter.

• The target is to increase profits by 25% over last year.

Which of the following is a short-term goal?

(K:1, T:1)

• The goal is to be the best IT company in the next five years.

• The goal is to increase profit by 10% in the next quarter.

• The goal is to recover the start up cost in three years.

• A new business hopes to generate revenue by the fourth quarter of next year.

________ is the process of setting realistic goals for a business both short-term and long-term-and deciding how best to achieve them.

(K:1, T:1)

Short-term goals are often expressed as a sales or income target.

(K:1, T:1)

• True

• False

Organizing is arranging people and tasks to carry out the business's plans.

(K:1, T:1)

• True

• False

The __________ are responsible in setting the long-term goals of a company.

(K:1, T:1)

• Upper Management

• Middle Management

• Lower Management

Team leader, foreperson and assistant manager are part of ______________.

(K:1, T:1)

• Upper Management

• Middle Management

• Lower Management

Which of the following does not belong to the management major functions?

(K:1, T:1)

• Planning

• Communicating

• Leading

• Organizing

• Controlling

________ involves activities such as leading teams and managing conflict and stress.

(K:1, T:1)

• Planning

• Leading

• Organizing

• Controlling

Managers must motivate workers to do their best work at all times.

(K:1, T:1)

• True

• False