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Business Management Practice 3

Authored by Rosemarie Rellona Womack

Professional Development

10th Grade

Used 26+ times

Business Management Practice 3
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of business management?

Maximize profit and ensure sustainability and growth

Focus solely on short-term gains

Minimize profit and ensure sustainability and growth

Maximize profit at the expense of sustainability

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the concept of SWOT analysis in business management.

SWOT analysis involves identifying Strengths, Weaknesses, Opportunities, and Threats of a business to make informed decisions and develop strategies for growth and sustainability.

SWOT analysis is only focused on weaknesses and threats

SWOT analysis is a tool used only by small businesses

SWOT analysis does not require any strategic planning

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the key functions of management according to Henri Fayol?

Delegating

Supervising

Directing

Planning, Organizing, Commanding, Coordinating, Controlling

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Discuss the importance of leadership in business management.

Leadership is solely focused on micromanaging employees

Leadership is only important in non-profit organizations

Leadership has no impact on business management

Leadership plays a vital role in guiding the team towards achieving goals, maintaining morale, and adapting to changes in the business environment.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between efficiency and effectiveness in management?

Efficiency is doing things right; effectiveness is doing the right things.

Efficiency is doing the right things; effectiveness is doing things right.

Efficiency is doing the wrong things; effectiveness is doing the right things.

Efficiency is doing things right; effectiveness is doing the wrong things.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the concept of organizational culture and its impact on business performance.

Organizational culture is irrelevant to business performance

Organizational culture only impacts employee satisfaction, not business performance

Organizational culture has a negative impact on business performance

Organizational culture is the shared values, beliefs, and behaviors within a company that influence employee interactions and decision-making. It can positively impact business performance by fostering employee engagement, innovation, and productivity.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the different types of organizational structures commonly used in business management?

Functional, Divisional, Matrix, Flatarchy

Hierarchical

Network

Circular

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