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Business Management Quiz 27 (25 MCQs)

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1. In strategic management process, any organizational skills or resources that are exceptional or unique are the organization's
2. The two financial statements most used by businesses are
3. Which management function is described in the following situation:Marshall determines the type of workers he needs, locates qualified applicants, selects those to be hired, andassigns the new hires to a work area
4. Which of the following is least likely to be a problem that a new business faces?
5. When a management team takes into account the opinions of the team members before making a decision, it is called?
6. This form of communication includes interviews, meetings, lectures and presentations.
7. What is important about managing a business
8. What is self understanding?
9. A plant manager, or a department head, would be an example of which level of management?
10. The obligation to do an assigned task is called
11. When an organization relocates one or more of its processes to another country, usually to save on costs.
12. The process of making sure work meets acceptable standards
13. Control function cannot be performed without
14. A person who is paid to perform management functions within a particular job
15. In planning the physical arrangement of an airplane facility, a manager should consider this type of facility layout
16. Henri Fayol Supports the
17. A manager studies the business's previous sales statistics as well as the sales forecast before making purchasing decisions. What type of resource is the manager using?
18. A disadvantage of the line and staff authority structure is that it can lead to _____
19. In line and staff organisation, the authority lies in
20. Measures the results of a process or a change such as sales, profits, and customer service levels.
21. Process of setting goals and deciding how to accomplish them
22. Which of the following is/are integral part(s) of an effective organising effort?
23. Moore's Law forecasts that the amount of data that could be processed by a computer chip would
24. Persons who are not employed but who are available for work.
25. Starting small in your business means you may NOT be able to
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