Test 1 - Intro to Business

Test 1 - Intro to Business

68 Qs

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Test 1 - Intro to Business

Test 1 - Intro to Business

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68 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the four functions of management?

Planning
Controlling
Organizing
Budgeting
Leadership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Manila Water, the provider of the water and sewerage services in the capital of the Philippines has purchased the government owned water and sewerage system for the entire country. It promises to make the nation's water and sewerage system run as efficiently and profitably as the one it operates in Manila. The development, maintenance, and allocation of resources to achieve its goal will require:

processing
organizing
leadership
planning
controlling

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _____ is a formal document that states an organization’s purpose and reason for existing and describes its basic philosophy.

corporate manifesto
mission statement
vision
company proclamation
principle of existence

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ provides the structure of people, positions, departments, and activities within which the company objectives can be accomplished.

Leadership
Communicating
Organizing
Planning
Controlling

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Two co-workers at Nortel came up with an idea for renting software over the Internet. Nortel’s top management liked the idea and set up a special division called Channelware devoted to taking the idea and making a new product. The establishment of a new company and assigning the employees in the division the task of making an idea a reality requires which management function?

Organizing
Controlling
Communicating
Planning
Leadership

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Middle managers usually:

act as representatives to other firms
set overall goals and objectives
manage the employees on the assembly line
carry out plans and policies of top management
act as figureheads for the company

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Top management usually performs all of the following tasks EXCEPT:

establish long-range plans
formulate basic policies of operation
direct workers on the assembly line
develop strategic plans
review new product development

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