Business Q2 Study Guide (2024 - 2025)

Business Q2 Study Guide (2024 - 2025)

12th Grade

41 Qs

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Business Q2 Study Guide (2024 - 2025)

Business Q2 Study Guide (2024 - 2025)

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Christopher Crabb

Used 2+ times

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41 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define the term management.

Tthe process of guiding the development, maintenance, and allocation of resources to attain organizational goals.

Management is the act of managing personal relationships.
Management is solely about financial planning.
Management refers to the physical resources of an organization.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the four key functions of managers?

Planning, Organizing, Leading, Controlling
Leading, Coordinating, Advising, Training
Organizing, Directing, Reporting, Monitoring
Planning, Budgeting, Staffing, Evaluating

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference between efficiency and effectiveness?

Efficiency is about achieving maximum output; effectiveness is about minimizing costs.
Efficiency and effectiveness are the same concepts and can be used interchangeably.

Efficiency is using the least possible amount of resources to get work done, whereas effectiveness is the ability to produce a desired result.

Effectiveness focuses on speed while efficiency focuses on quality.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain the difference between management and leadership.

Management is about processes and organization, while leadership is about vision and inspiration.
Management is about inspiring teams, while leadership is about enforcing rules.
Leadership is about maintaining the status quo, while management encourages change.
Management focuses solely on financial outcomes, while leadership ignores them.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are some drawbacks of laissez-faire style leadership?

Lack of direction, poor communication, decreased motivation, unclear roles, and hindered decision-making.

Clear and structured decision-making
Enhanced creativity and innovation
Increased team cohesion

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is corporate culture?

Corporate culture is the set of shared values, beliefs, and behaviors within an organization.
Corporate culture is the financial strategy of a company.
Corporate culture refers to the physical layout of an office.
Corporate culture is the legal structure of a business.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an autocratic leadership style?

A style where leaders delegate all decision-making to subordinates.
An autocratic leadership style is a form of leadership where one individual has total control and makes decisions without consulting others.
A form of leadership that encourages team participation.
A leadership style where decisions are made by consensus.

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