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Business Management Quiz 16 (25 MCQs)

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1. It is a portion of profits earned by the shareholder.
2. Explains a company's reason for existence.
3. The quantity of goods that a firm has on hand. A complete list of items such as property, goods in stock, or the contents of a building is the definition of _____
4. Which of the following types of managers tends to focus on the organization as a whole and are concerned mainly with long-term planning?
5. Study of the movements of both the workers and the machine to eliminate wasteful movement is _____
6. The ability to consider alternatives by analyzing "what if" scenarios is a key capability of a(n)
7. Functional specialists, data scientists, and business process manager are _____ Positions?
8. When apple computer built a personal computer, it was an example
9. Which of the following Business Functions will organize production in a factory?
10. Which of the following types of information does a company need customer input to obtain
11. Which is the approach to corporate planning?
12. Which of the following IS NOT an example of a point of sale system?
13. When managers are grouping related tasks into departments or teams, they are _____
14. An organizational structure where jobs are assigned to units or departments by function.
15. An important reason for having business policies is that policies
16. Staff advice is usually illustrated on an organization chart with
17. A business creates an organizational design in which no employee has to report to more than one manager at a time. This is following an organizational principle called
18. _____ determined the "one best way" of performing a task or series of task.
19. On an organizational chart a direct line of authority is indicated by a _____ line.
20. Which of these is a skill important for managers?
21. Acquire businesses in different stages of production
22. Which of the following is NOT a barrier to effective decision making?
23. The idea that most people seek to meet the lower-level needs before they address higher-level needs is most closely associated with _____
24. Which statement is most accurate about demand?
25. In this function, managers must bring together the various resources to achieve objectives. In manay businesses, many different activities are going on so the manager should _____
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