Business Management

identify this person ?

• Frederick Winslow Taylor

• Henri Fayol

• Chris Argyris

• peter drucker

Which concept measures how well a business uses its resources in the production process?

• Sustainability

• Efficiency

• Production planning

• Conservation

___________ a process involving the reduction of the amount of unwanted or unusable resources produced by a business in an attempt to improve the efficiency and effectiveness of operations.

____________ is an approach that improves the efficiency and effectiveness of operations by eliminating waste and improving quality

Which management style involves a leader making decisions unilaterally without much input from group members?

• Autocratic

• Democratic

• Laissez-faire

• Transformational

What is the primary goal of strategic management in a business context?

• Maximizing short-term profits

• Achieving long-term objectives

• Increasing employee satisfaction

• Reducing operational costs

Which term describes the process of identifying, assessing, and prioritizing risks in business management?

• Risk management

• Quality control

• Financial planning

• Market analysis

What is the main focus of human resource management within a company?

• Product development

• Employee recruitment and retention

• Financial auditing

• Market expansion

Which concept refers to the shared values, beliefs, and norms within an organization?

• Corporate culture

• Market strategy

• Financial structure

• Operational plan

What is the role of a SWOT analysis in business management?

• To evaluate strengths, weaknesses, opportunities, and threats

• To determine pricing strategies

• To assess employee performance

• To analyze financial statements