Entr. 2a U5L1 Business management

What is required to keep a business running smoothly?

• Management skills

• Financial investment

• Marketing strategies

• Customer feedback

What is the primary role of a manager in a business?

• Designing products

• Managing work performance

• Selling goods

• Conducting market research

Which of the following is NOT a function of management?

• Planning

• Organizing

• Directing

• Manufacturing

Which function of management involves leading and motivating employees?

• Planning

• Organizing

• Directing

• Controlling

What is a significant commitment required for owning and operating a business?

• Time and effort

• Financial investment

• Marketing strategies

• Customer feedback

Which of the following is a benefit of having a great manager according to the image caption?

• Increased profits

• More vacation time

• Employees loving their job

• Better office location

What does good planning ensure within a company?

• Confusion about roles

• Clarity on what is done, who does it, and how

• Increased competition

• Higher costs

What is the significance of the functions mentioned in the text for a business owner?

• They are optional

• They are essential for success and employee satisfaction

• They are outdated

• They are only for large companies

Which of the following is NOT a component of a strategic plan?

• Finding locations

• Creating employee schedules

• Setting a five-year financial goal

• Deciding how many employees to hire

What is an organization chart used for?

• To show financial performance

• To display product lines

• To show interrelationships of positions

• To outline marketing strategies