Intro Business Management Module 1

Business management is how managers run a business on a daily basis.

• True

• False

The FIVE managerial functions are ............. ; organising ; controlling; staffing and leading

Give FOUR basic tasks of a Human Resource Manager

• Recruiting staff

• Training staff

• Controlling staff

• Discipline staff

• Motivating staff

A .......... system allows businesses to determine the prices of their goods and services with no interference from the government.

Food and water is classified as a ....... need.

• Esteem

• Self-actualisation

• Safety

• Physiological

.............. is considered to be a factor of production.

• Market

• Location

• Land

The ................. sector involves the transfer of goods from the supplier to the final consumers.