Bussiness Quiz

What is the primary function of management?

• Hiring employees

• Increasing sales

• Coordinating resources to achieve goals

• Paying taxes

Which is NOT a function of management?

• Planning

• Organizing

• Innovating

• Controlling

Effective management ensures:

• Higher expenses

• Optimized resource use

• Employee layoffs

• Lack of accountability

Which company successfully turned around by refocusing on customer experience under Howard Schultz?

• Kodak

• Google

• Starbucks

• Blockbuster

What led to Blockbuster's failure?

• Poor customer service

• Overexpansion in foreign markets

• Ignoring digital streaming trends

• Expensive marketing campaigns

What distinguishes Google’s management approach?

• Strict hierarchies

• Employee-centric policies

• Lack of innovation

• Focus on traditional marketing

Apple’s turnaround in 1997 was driven by which key management strategy?

• Eliminating competition

• Launching multiple new products quickly

• Streamlining product lines and fostering innovation

• Outsourcing all operations

Which management failure led to Kodak’s decline?

• Overinvestment in digital technology

• Focusing too much on international markets

• Ignoring the shift to digital photography

• Lack of financial resources

Which of the following is an advantage of decentralization in management?

• Faster decision-making

• Reduced innovation

• Centralized control

• Lower employee engagement

Amazon's success is largely attributed to:

• Sticking to its original business model

• Rapid diversification and innovation

• Reducing product lines

• Ignoring customer feedback