Business Management Final Review

Which of the following is NOT one of the four management functions?

• Planning

• Organizing

• Budgeting

• Controlling

What does the 'S' in SWOT Analysis stand for?

• Strategic

• Simple

• Strengths

• Significant

Which leadership style is characterized by the leader making all the decisions without much input from group members?

• Democratic

• Autocratic

• Laissez-Faire

• Participative

Which type of planning focuses on long-term goals and the overall direction of an organization?

• Tactical Planning

• Operational Planning

• Strategic Planning

• Contingency Planning

Which of the following is NOT a type of business ownership?

• Partnership

• LLC

• Franchise

• League

What type of organizational structure is characterized by a clear, hierarchical structure?

• Line (Traditional)

• Flat

• Team

• Network

Lean Operations primarily aim to:

• Increase product variety

• Reduce waste

• Expand market reach

• Increase inventory

Which of the following is NOT a type of financial statement?

• Income Statement

• Balance Sheet

• Cash Flow Statement

• Supply Chain

Which item is typically found on a balance sheet?

• Revenue or Sales

• Expenses

• Assets

• Cash Flow

Which method to raise capital includes borrowing money and paying it back with interest?

• Debt Financing

• Venture Capital

• Equity Financing

• Bootstrapping