Business Management Final Exam Review 1

The primary purpose of developing organizational goals is to:

• Establish Loyalty

• Assign Authority

• Provide Direction

• Ensure Profitability

An important aspect of the organizing function of management involves:

• Promoting Employees

• Motivating Team Members

• Establishing levels of authority

• Conducting performance reviews

Which person has a general manager career?

• Bill is a labor relations manager

• Sandy manages a small business

• Shirley specializes in sustainable energy

• Antonio is his company's quality manager

Which type of business management and administration career is all about people?

• Business Analytics

• Operations Management

• Supply Chain Management

• Human Resources Management

Jackson plans to increase his business's sales by 15% in 8 months. To do this he increased the advertising budget. Which function does this represent?

• Controlling

• Directing

• Organizing

• Planning

What type of plan should a business implement when the original plan fails to produce the desired results?

• communications

• contingency

• production

• strategic

Goals established by a company should be:

• Linked to punishment

• Specific and measurable

• difficult and generally unattainable

• Set for every single aspect of business

Which is the first step of effective managerial planning?

• Establish criteria to evaluate

• Evaluate the quality of various processes

• Develop procedures for activity implementation

• Use a systematic approach to establish objectives

What management function is responsible for coordinating resources in ways that maximize efficiency?

• controlling

• directing

• organizing

• staffing

Amy and Tom work in a busy purchasing department. The business's ability to achieve it's goals relies on Amy and Tom's collaborative efforts, these two employees' jobs are

• flexible

• incongruent

• interdependent

• symmetrial