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Management for Entrepreneurs

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

This is getting the work of an organization done through its people and resources.

a)

Leadership

b)

Motivation

c)

Management

d)

Manipulation

2.

Analyzing information, setting goals, and determining how to achieve them.

a)

Planning

b)

Organizing

c)

Leading

d)

Controlling

3.

Arranging people, activities, and resources in the best way to accomplish the goals of the organization.

a)

Planning

b)

Organizing

c)

Staffing

d)

Controlling

4.

Measuring performance, comparing it with goals and making adjustments when necessary.

a)

Planning

b)

Organizing

c)

Leading

d)

Controlling

5.

Selecting employees and matching individuals with the work to be done.

a)

Planning

b)

Organizing

c)

Staffing

d)

leading

6.

The ability to communicate the direction of the business and influence others to successfully carry out the needed work.

a)

Planning

b)

Organizing

c)

Leading

d)

Controlling

7.

An entrepreneur who earns the respect and cooperation of employees to effectively accomplish the work of the new business is known as a:

a)

Small Business Owner

b)

Employee of the Month

c)

Worker

d)

Leader

8.

An entrepreneur who is ethical in decision-making and ethical in their treatment of others has this very important leadership characteristic.

a)

Honesty

b)

Good Judgment

c)

Intelligence

d)

Objectivity

9.

The entrepreneur John Mackey, founder of Whole Foods Market, focused on building trust with his employees. He said that those around you know who you really are, so as a leader you should be honest and:

a)

Strange

b)

Authentic

c)

Intelligent

d)

Objective

10.

The ability to work effectively as part of a group:

a)

Teamwork

b)

Cooperation

c)

Self-directed Work Team

d)

Cooperating Team

11.

This is a group of employees who work together toward a common purpose or goal without the usual managerial or other supervision:

a)

Teamwork

b)

Cooperation

c)

Self-directed Work Team

d)

Cooperating Team

12.

The entrepreneur Steve Jobs felt that teamwork was essential to the success of Apple. He said that teams at Apple worked together on a project until that project was accomplished. Successful entrepreneurs develop a culture of:

a)

Hierarchy

b)

Complacency

c)

Bureaucracy

d)

Collaboration

13.

This occurs when employees learn a variety of jobs within one company and regularly switch jobs within the same organization:

a)

Job Teamwork

b)

Job Rotation

c)

Self-directed Rotation

d)

Cooperating Rotation

14.

The ___________ __________ is a short, specific statement of the business’s purpose and direction.

a)

Mission Statement

b)

Team Statement

c)

Mission Announcement

d)

Work Announcement

15.

This is a statement that is more inspirational and broadly identifies why the business exists.

a)

Team Statement

b)

Vision Statement

c)

Mission Announcement

d)

Work Announcement

16.

These are rules or guidelines to be used in a company to make consistent decisions:

a)

Policies

b)

Mission Statement

c)

Procedures

d)

Operating Principles

17.

These are the steps to be followed for consistent performance of important activities:

a)

Policies

b)

Mission Statement

c)

Procedures

d)

Operating Principles

18.

The Walt Disney Company wants “To make people happy.” This is an example of a:

a)

Mission Statement

b)

Vision Statement

19.

Which of the following is a FALSE statement:

a)

Successful entrepreneurs will value and show appreciation for the work of their partners and employees.

b)

Those entrepreneurs who lead, rather than direct and order employees, are more effective and successful business owners.

c)

Very few, if any, entrepreneurs will also become managers as their new business venture grows.

d)

The entrepreneur will manage the work of employees and manage other resources needed to successfully operate the business.

20.

Companies with effective managers usually have:

a)

good products

b)

satisfied customers

c)

good employees

d)

all of these

21.

Trusting your own judgment:

a)

Confidence

b)

Stability

c)

Dependability

d)

Understanding

22.

A self-starter who does things that need to be done without being instructed to do so has this characteristic.

a)

Initiative

b)

Cooperation

c)

Dependability

d)

Courage

23.

The characteristic of NOT being highly emotional or rash in decision-making.

a)

Confidence

b)

Stability

c)

Dependability

d)

Understanding

24.

Looking at all sides of a problem and NOT making a biased decision or statement.

a)

Honesty

b)

Good Judgment

c)

Intelligence

d)

Objectivity

25.

Being consistent in actions and being relied on by others. Following through on commitments.

a)

Initiative

b)

Cooperation

c)

Dependability

d)

Courage