Business Management Quiz

What type of plan should a business implement when the original plan fails to produce the desired results?

• communications

• contingency

• production

• strategic

Goals established by a company should be:

• linked to punishments.

• specific and measurable.

• difficult and generally unattainable.

• set for every single aspect of the business.

The Vice Presidents of Marketing, Product Development, Finance, and Operations all report to Theo, the CEO of a Fortune 500 company. They each have their own teams made up of several employees. Which organization structure does this represent?

• divisional

• functional

• matrix

• specialized

What are characteristics of tactical planning?

• long-term and vague

• long-term and specific

• short-range and vague

• short-range and specific

Patrice tells her sales staff to spend one-fourth of their time on sales meetings, one-fourth on sales reports, one-fourth on answering emails, and one-fourth on generating new leads. Which step of the organizing process is Patrice demonstrating?

• evaluating results

• allocating resources

• delegating authority

• grouping tasks into structures

One way to determine whether an employee is helping a business achieve its organizational goals is by:

• developing an incentive program

• analyzing external economic factors

• evaluating the employee’s performance

• providing the employee with extensive training

Coordinating business activities is an important aspect of the organizing function of management because it:

• defines the company’s mission statement.

• enables the business to prepare precise forecasts.

• establishes clear relationships between the company’s resources.

• ensures that the employees understand all the business’s processes.

What management function is responsible for coordinating resources in ways that maximize efficiency?

• directing

• organizing

• staffing

• controlling

The primary purpose of developing organizational goals is to:

• establish loyalty

• provide direction

• assign authority

• ensure profitability

An important aspect of the organizing function of management involves:

• promoting employees

• motivating team members

• establishing levels of authority

• conducting performance reviews