Business Management

Front

What is the role of human resources in a company?

Back

To oversee employee recruitment and welfare.

Front

Who proposed the hierarchy of needs?

Back

Abraham Maslow.

Front

What does LIFO stand for?

Back

Last In First Out.

Front

Which of the following is not a problem-solving strategy?

Back

Use of technology.

Front

What is a group of people invested financially in a business?

Back

Shareholders.

Front

What is the primary function of management?

Back

To plan, organize, lead, and control resources.

Front

Define 'stakeholders' in a business context.

Back

Individuals or groups that have an interest in the success of a business.

Front

What is the purpose of a business plan?

Back

To outline the goals, strategies, and financial forecasts of a business.

Front

What is the difference between a leader and a manager?

Back

A leader inspires and motivates, while a manager focuses on organizing and controlling.

Front

What is 'market segmentation'?

Back

The process of dividing a market into distinct groups of buyers.