Business Management Exam Review

Business Management Exam Review

9th Grade

35 Qs

quiz-placeholder

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Business Management Exam Review

Business Management Exam Review

Assessment

Quiz

Business

9th Grade

Practice Problem

Easy

Created by

Katherine Ott

Used 4+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does leadership differ from management?

Leadership is about micromanaging, while management is about delegating tasks.
Leadership inspires and guides, while management organizes and coordinates.
Leadership focuses on short-term goals, while management focuses on long-term goals.
Leadership involves working alone, while management involves working in teams.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do hard and soft skills differ?

Hard skills are related to emotions, while soft skills are related to technical knowledge.
Hard skills are specific, teachable abilities or knowledge, while soft skills are interpersonal or people skills.
Hard skills are intangible, while soft skills are tangible.
Hard skills are only useful in personal life, while soft skills are only useful in professional life.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define SWOT Analysis and explain what the letters stand for, and why it is considered an important strategic planning tool.

SWAT Analysis is used to identify Strengths, Weaknesses, Opportunities, and Treats
SWOT Analysis stands for Strengths, Weaknesses, Opportunities, and Trends
SWOT Analysis is a strategic planning tool used to identify Strengths, Weaknesses, Opportunities, and Threats of a business or project.
SWOT Analysis is a tool for identifying Strengths, Weaknesses, Opportunities, and Trends

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a mission statement?

A mission statement is a marketing slogan used by an organization.
A mission statement is a list of employee grievances within an organization.
A mission statement is a detailed financial report of an organization.

A mission statement is a brief description of an organization's purpose, goals, and values.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a vision statement?

A vision statement is a legal document outlining company policies.
A vision statement is a short-term goal set by an individual employee.
A vision statement is a detailed financial plan for an organization.

A vision statement is a declaration of an organization's objectives, intended to guide its internal decision-making. It is important because it provides direction, inspires employees, and helps align the organization towards a common future goal.

6.

OPEN ENDED QUESTION

3 mins • 1 pt

How do you determine your competitive advantage?

Evaluate responses using AI:

OFF

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define empowerment in a business setting.

Delegating authority and responsibility to employees while providing the tools and resources needed to be successful.

Micromanaging every task
Ignoring employee feedback
Withholding information from employees

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