Cycle #3 - Mid Cycle Exam

What is the purpose of business management principles?

• To complicate decision-making

• To focus on short-term goals

• To enhance efficiency and achieve organizational goals

• To restrict creativity in management

Which of the following describes the planning principle?

• Monitoring performance and making adjustments

• Guiding and motivating teams to achieve goals

• Setting objectives and determining how to achieve them

• Arranging resources to streamline operations

What is an example of organizing in logistics?

• Celebrating team achievements

• Creating a warehouse layout

• Tracking inventory levels

• Conducting performance reviews

How does controlling help in business management?

• By assigning roles to team members

• By forecasting market trends

• By guiding and motivating employees

• By monitoring performance and making adjustments

Which tool is most associated with effective planning?

• Inventory management software

• Performance management systems

• Gantt charts

• Feedback mechanisms

What is the primary focus of leading in business management?

• Guiding and motivating individuals or teams

• Allocating resources effectively

• Monitoring performance gaps

• Tracking stock levels

What are some consequences of failing to plan properly in logistics?

• Increased employee motivation

• Missed deadlines and higher costs

• Improved service delivery

• Enhanced customer satisfaction

How does organizing improve communication within a team?

• By celebrating individual achievements

• By clarifying roles and responsibilities

• By providing constructive feedback

• By using reporting software

What is a key benefit of using flowcharts in logistics?

• Monitoring real-time inventory levels

• Celebrating team milestones

• Visualizing processes for clarity

• Reducing operational costs

Which activity aligns with the controlling principle?

• Developing distribution routes

• Creating team vision statements

• Designing a new warehouse

• Conducting performance reviews