Group 7 Test

How does business management help a company achieve its goals?

• Unlimited growth

• Optimize resources

• Highest profit without considering costs

• Choosing short-term strategies

What areas does business management cover?

• Only finance and marketing

• Finance, marketing, human resources, and production

• Only finance and production

• Only human resources and marketing

Which of the following is NOT a function of management?

• A. Planning

• B. Organizing

• C. Guessing

• D. Controlling

Why is business management important?

• It only focuses on increasing company size

• It helps businesses achieve profits, growth, and competitiveness

• It removes the need for financial management

• It eliminates competition in the market

Which career in Business Administration ensures projects are completed on time and within budget?

• Marketing Management

• Financial Management

• Project Management

• Supply Chain Management

Which of the following professions is NOT mentioned in Chapter 2 in Business Administration?

• Marketing Management

• Human Resource Management

• Financial Management

• Information Technology Management

Where can Business Administration skills be applied?

• Only in large businesses

• Only in non-profit organizations

• In both large and small businesses

• Only in public sectors

Which skill is important in dealing with supply disruptions and price fluctuations?

• Negotiating with suppliers

• Risk management

• Quality management

• Budget planning

Which of the following is an example of a soft skill in supply chain management?

• Inventory Management Skills

• IT Skills

• Problem-Solving Skills

• Data Analysis Skills

Which skill is necessary in Supply Chain Management?

• Only hard skills

• Only soft skills

• Both hard skills and soft skills

• Only creative skills