Unit 1 - Intro. to Business Management Test

What is the role of a manager in business management?

• To analyze information and make decisions

• To create detailed plans and set timelines

• To administer all or parts of a business

• To work well with others and solve problems

Why is it important to learn about business management?

• To understand different management theories

• To gain a broad understanding of business-related aspects

• To experience all aspects of business

• To analyze information and make decisions

What are the main functions of business management?

• Planning, organizing, leading, controlling

• Analyzing information, setting timelines, making decisions

• Creating detailed plans, gathering information, evaluating decisions

• Attracting like-minded employees, reducing uncertainties, improving resource utilization

What is the purpose of a vision statement?

• To describe the company's reason for existing now

• To attract like-minded employees

• To create a detailed plan to meet goals

• To define the direction for planning

What is the purpose of a mission statement?

• To describe what a company wants to become

• To analyze information and make decisions

• To set timelines and make choices

• To state the company's reason for existing now

What is the difference between short-term goals and long-term goals?

• Short-term goals take less than 12 months to achieve, while long-term goals take at least 1-10 years to achieve.

• Short-term goals take at least 1-10 years to achieve, while long-term goals take less than 12 months to achieve.

• Short-term goals and long-term goals take the same amount of time to achieve.

• Short-term goals are not important in business management.

What is the purpose of objectives in business management?

• To help expectations, measure progress, and offer a sense of achievement.

• To create confusion and chaos within the organization.

• To make employees feel overwhelmed and stressed.

• To discourage employees from reaching their goals.

What is the main purpose of organizing in business management?

• To establish orderly uses of all resources and activities to work toward the set goals.

• To create unnecessary complexity and confusion within the organization.

• To delegate responsibilities to the appropriate employees.

• To prevent the achievement of goals.

What is the role of leaders in business management?

• To project a strong sense of motivation and direction for employees.

• To discourage employees from performing well.

• To avoid interpersonal skills and connections with others.

• To create conflicts and misunderstandings within the organization.

What is the purpose of employee evaluations in business management?

• To provide feedback, discuss areas of improvement, and reward high-performing employees.

• To discourage employees and lower their morale.

• To avoid any form of performance measurement.

• To decrease employee satisfaction and motivation.