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Javone's NOCTI management exam quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

what is management used for ?

a)

the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources

b)

a management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives

2.

The main purpose for organizing is

a)

designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organizations goals and objectives

b)

creating a vision for the organization and guiding, training, coaching,and motivating others

3.

What is a mission statement about?

a)

an outline of the fundamental purpose of an organization

b)

the broad, long term accomplishments an organization wishes to attain

c)

specific, short term statements detailing how to achieve the organizations goals

d)

choosing among two or more alternatives

4.

the value of raw materials and stock.

a)

inventory

b)

liability

c)

organization chart

d)

decision making

5.

An encompassing explanation of why the organization exists and where it's trying to head.

a)

vision

b)

organizing

c)

planning

d)

objectives

6.

The difference between revenue and expenses?

a)

profit

b)

storing

7.

How can financing help customers purchase goods and services?

a)

Budgeting for marketing activities,obtaining the necessary funds needed for operations,and providing financial assistance

b)

bearing the uncertainties that are part of the marketing process

c)

pay for something

8.

Do businesses keep money and save for future investments?

a)

True

b)

False

9.

revenue and expenses are the same

a)

True

b)

False

10.

What are examples of stakeholders ?

a)

employees, dealers,customers

b)

media

c)

community