TSA Business Management Review

The term used for the way a company organizes its management hierarchy is:

• management complacency.

• management flexibility.

• management structure.

• management accommodation.

A chain of command outlines a proper path for:

• promotion.

• communication.

• hiring.

• scheduling.

What are the five functions of management?

• Planning, organizing, staffing, selling, and controlling

• Planning, staffing, leading, managing, and controlling

• Planning, staffing, leading, performing, and controlling

• Planning, organizing, staffing, leading, and controlling

What type of management style do the following characteristics describe? A manager who develops and guides their team, placing their team's professional development at the forefront of their priorities. A manager who values long-term development above short-term failures and promotes learning, upskilling, and growth in the workplace.

• Authoritative

• Affiliative

• Pacesetting

• Coaching

Which term reflects the coordination and administration of tasks to achieve a goal?

• Management

• Leadership

• Supervision

• Jurisdiction

An activity existing or occurring WITHIN a country is known as:

• bi-national.

• global.

• domestic.

• multi-national.

In what phase of a business cycle do prices tend to fall?

• During increased unemployment.

• When interest rates increase.

• During an economic recession.

• When goods become more affordable.

What causes prices to rise?

• An increase in the demand for goods or services.

• A decrease in the demand for goods or services.

• When the demand for goods remains the same.

• When the supply of goods increases.

When an organization acts in the best interests of the environment and society as a whole it is called what?

• Caring concern

• Social responsibility

• Sustainable development

• Public conscience

In which phase of a business cycle do businesses cut back on production?

• Expansion

• Peak

• Trough

• Contraction