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Business Concepts - Chapter 6

Authored by Dusti Burrows

Business

10th - 12th Grade

Used 1+ times

Business Concepts - Chapter 6
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60 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

_____ make decisions about the use of an organization's resources and are concerned with planning, organizing, directing, and controlling the organization's activities.

A) Managers
B) Shareholders
C) Creditors
D) Consumers
E) Suppliers

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

If a manager is concerned about doing the work with the least cost and waste possible, then his or her primary managerial concern is

A) efficiency.
B) effectiveness.
C) delegation.
D) hiring.
E) expertise.

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Hiring people to carry out the work of an organization is known as

A) factoring.
B) bartering.
C) staffing.
D) controlling.
E) directing.

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Managers need adequate _____ resources to pay for essential activities.

A) human
B) intangible
C) financial
D) non-renewable
E) biological

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

To earn a profit, managers must acquire, coordinate, and control all of the following resources EXCEPT

A) competitive products.
B) people.
C) services.
D) money.
E) raw materials and equipment.

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Determining an organization's objectives and deciding how to accomplish them, a management function, is known as

A) planning.
B) nearshoring.
C) staffing.
D) crowdsourcing.
E) factoring.

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Megan manages an online clothing store. She must determine what her company's warehouses and distributing facilities need and which type of automation can maximize order efficiency. What major phase of the planning process does this example describe?

A) data gathering
B) event forecasting
C) objective setting
D) action taking
E) option selecting

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