BMA 2 Final Exam Study Guide - Missed Questions

A series of logically related activities or tasks (such as sales, production, or planning) performed together to produce a defined set of results are _________________ .

• business functions
• business processes
• operations processes
• production functions

The CEO of a company sets the direction for the organization to achieve the company/organization objectives. Which management function is the CEO performing?

• Planning
• Organizing
• Leading
• Controlling

Saniya is establishing and implementing systems and processes to achieve company/organization objectives and then evaluating them to see if they are effective. Which management function is Saniya performing?

• Planning
• Organizing
• Leading
• Controlling

Business functions are __________________.

• activities aimed at informing existing or potential buyers via promotion, advertising, telemarketing, selling, and retail management activities

• process or operation that is performed routinely to carry out a part of the mission of an organization

• a series of logically related activities or tasks (such as sales, production, or planning) performed together to produce a defined set of results

• transform inputs into final outputs, either goods or services

Those activities associated with obtaining and storing inputs and with storing and transporting finished products to customers describes the ___________________________ process.

• operations
• strategic management
• managing data
• procurement, logistics, and distribution

Jonathan is delegating tasks and resources to achieve the company/organization objectives. Which management function is Jonathan performing?

• Planning
• Organizing
• Leading
• Controlling

Ryan's Range Rover dealership knows that many customers cannot make cash payments for their vehicles. They offer onsite financing services to their customers. This is an example of which of the 5 utilities?

• Form
• Posession
• Place
• Information
• Time

Activities aimed at informing existing or potential buyers via promotion, advertising, telemarketing, selling, and retail management activities. These activities represent the ________________________ business process.

• marketing, sales, and customer accounts
• customer and after sales service
• product or service development
• advertising and selling

Utility is _____________.

• the value that marketing adds to a product or service

• functions that products possess

• benefits that services provide to customers

• the price of products and services

A __________________ is a business that exists as a separate legal entity. This business entity has the right to buy and sell, incur debt and sign contracts.

• partnership
• corporation
• sole proprietorship
• Limited Liability Company (LLC)