Business Management 1 - 1.02

What is the logical process of coordinating resources to accomplish an organization's goals?

• Planning

• Organizing

• Management

• Staffing

What are the three main categories of skills that managers need to be successful?

• Tactical, Operational, Administrative

• Financial, Operational, Strategic

• Analytical, Creative, Leadership

• Technical, Interpersonal, Conceptual

Who are responsible for the operation of the entire organization?

• First-line managers

• Top-level (executive) management

• Supervisory managers

• Middle managers

Which level of management is responsible for implementing the goals set by top management?

• Top-level (executive) management

• Senior management

• First-line (supervisory) management

• Mid-level (middle) management

What are all of the sources of money available to the business called?

• Human resources

• Financial resources

• Information resources

• Material resources

What is the most important resource for a business because without workers, the business could not function?

• Material resources

• Information resources

• Human resources

• Financial resources

What are the types of information that a business must manage?

• Internal and external

• Financial and material

• Human and financial

• Operational and strategic

What is the process of coordinating the business's activities to make sure that the company is performing effectively and achieving its goals?

• Controlling

• Staffing

• Organizing

• Planning

What is the level of management that is responsible for the day-to-day activities of the employees who do the routine work of the business?

• Senior management

• First-line (supervisory) management

• Mid-level (middle) management

• Top-level (executive) management

What are the skills that managers need to understand the technical aspects of the business and be able to answer questions, give directions, and solve problems?

• Analytical skills

• Conceptual skills

• Interpersonal skills

• Technical skills