Business Management EOP Review 2

On a supply/demand graph what has a positive slope?

• Demand curve
• Supply curve
• Equilibrium
• Scarcity

On a Balance Sheet, Assets= Liabilities + ________________.

• Credit
• Expenses
• Owner's Equity (or Net Worth)
• Total Revenue (losses)

Which function of management involves analyzing information, set goals, make decisions.

• organizing
• leading
• planning
• controlling

Which function of management involves identifying and arranging work and resources to achieve company goals.

• organizing
• leading
• planning
• controlling

When managers look back to reflect on what has been done in the past and make sure things are being done as planned, they are engaging in the function of

• organizing
• reflecting
• planning
• controlling

Which of the following is NOT a function of management?

• Control
• Finance
• Organize
• Plan

Which of the following is NOT an aspect of social responsibility?

• Air and water pollution
• Conservation and recycling
• Green marketing
• The ozone layer

Which of the following describes small businesses?

• Are usually national or global
• Can be divided into many different departments
• Usually have LESS than 100 employees
• Usually have MORE than 100 employees

What occurs in the planning function of management?

• Comparing what was planned with the actual performance
• Coordinating all those involved to achieve the company of departmental goals
• Deciding what needs to be done and how it will be accomplished
• Delegating duties to other employees in the company

Which of the following is the traditional management structure?

• Expansive
• Horizontal
• Pyramid
• Vertical