Intro Business Management - #1

Which term best describes the person who is an expert in their field of work and is responsible for administering all or parts of a business?

• Supervisor

• Manager

• Employee

• Coordinator

What is the problem-solving process of using resources to achieve goals through planning, organizing, staffing, directing, and evaluating?

• Leadership

• Administration

• Management

• Coordination

Which word best describes completing tasks with minimal waste of resources?

• Effective

• Productive

• Systematic

• Efficient

Being "effective" means:

• Working quickly at all times

• Producing the intended result

• Using minimal resources

• Following strict guidelines

A manager who is both efficient and effective would:

• Complete tasks regardless of resource usage

• Use minimal resources but miss deadlines

• Achieve goals while optimizing resource use

• Focus solely on speed of completion

The primary focus of business management is:

• Employee satisfaction only

• Resource optimization

• Market dominance

• Organizational goal achievement

An efficient manager would prioritize:

• Using resources wisely

• Meeting deadlines at any cost

• Employee happiness above all

• Maximum output regardless of input

The relationship between effectiveness and efficiency in management is:

• They are completely unrelated concepts

• They are exactly the same thing

• They complement each other for optimal results

• They work against each other

A key characteristic of good management is:

• Avoiding all risks

• Making decisions without consultation

• Working in isolation

• Balancing efficiency and effectiveness

Which statement best defines management in modern business?

• A process focused solely on profit generation

• A system of maintaining status quo

• A method of avoiding responsibility

• A process of achieving objectives through people and resources