BUSI101_Week 4_Summary_Part 2

What do all businesses depend on?

• A) Effective management

• B) High profits

• C) Large workforce

• D) Advanced technology

What functions do managers perform across different types of companies?

• A) Unique functions specific to each company

• B) Similar functions

• C) Functions only related to finance

• D) Functions only related to marketing

To which type of organizations do the principles of management also apply?

• A) Only business organizations

• B) Only government organizations

• C) Non-business organizations

• D) Only educational institutions

Which of the following is NOT one of the functions of management as depicted in the diagram?

• Planning

• Leading

• Organizing

• Marketing

According to the diagram, which function of management involves setting objectives and determining a course of action for achieving those objectives?

• Leading

• Planning

• Organizing

• Controlling

Which function of management, as shown in the diagram, is primarily concerned with motivating and directing employees?

• Planning

• Leading

• Organizing

• Controlling

In the management process diagram, which function is responsible for arranging resources and tasks to achieve the organization's goals?

• Planning

• Leading

• Organizing

• Controlling

Which function of management, as indicated in the diagram, involves monitoring and evaluating the progress towards the organization's goals?

• Planning

• Leading

• Organizing

• Controlling

Which of the following is NOT one of the steps in the 5-step planning process?

• Goal establishment

• Gap analysis

• Plan development

• Resource allocation

At which level do plans exist in the management process?

• Strategic, tactical, and operational

• Strategic, tactical, and developmental

• Tactical, operational, and developmental

• Strategic, operational, and developmental