Business Management Final Exam
Which of the following is the response to the sender's message?
Feedback
Which of the following is NOT a function of management?
Finance
Section three of a business plan describes which of the following?
Financial plan
Which of the followinag is NOT an activity associated with the controlling function of management?
Allowing for missed deadlines
Who should develop business plans?
Anyone wanting to start a business
Which type of leadership style should be used when the group has a strong sense of teamwork and a familiar routine?
Autocratic
Which of the following is the roadmap of where the business is going?
Business plan
Which of the following is one way business can be categorized?
By product
Which of the following is an example of a strength?
Cheaper prices than competitors
Which of the following is NOT a type of service business?
Clothing
Industrial markets can change due to which of the following?
Consumer behavior
What occurs in the planning function of management?
Deciding what needs to be done and how it will be accomplished
Which of the following is defined as the process of the receiver breaking down the message received and interpreting the message?
Decoding
Which of the following is considered the heartbeat of an organization?
Employees
Which of the following is NOT a quality of a good leader?
Greed
Social Security is a federal program designed to do which of the following?
Help workers and retired workers achieve a degree of economic security
Which of the following is the ability of an individual to influence, motivate and enable others to contribute to the effectiveness and success of an organization?
Leadership
Which of the following refers to the process of leading or the entities which perform the act of leading?
Leadership
Which of the following describes strategies for branding, packaging, advertising and promoting the business and its products?
Marketing plan
Which of the following does a business plan NOT do?
Name chief officers of the business
Which of the following is NOT one of the four components of the business process?
Organization
Which of the following is defined as getting goods or services from an outside supplier?
Outsourcing
What kind of businesses are motivated to earn a profit?
Private
Which of the following describes the Equal Pay Act?
Prohibits sex-based wage discrimination between men and women who are performing under similar working conditions in the same establishment
Effective management planning should be which of the following?
Realistic and Flexible
Which of the following is an example of a threat?
Rising costs of raw materials
Which section of the business plan describes the business?
Section one
Which of the following is NOT a component of the production process?
Selling products or services
Business responsibility cfan include responsibility to whom, apart from simply following laws?
Society
SWOT stand for which of the following?
Strengths, weaknesses, opportunities, threats
Training and motivating employees will contribute to which of the following within a business?
Success
Which term is used to describe a specific group of consumers to whom a company aims the selling of its products and/or services?
Target market
Which of the following defines turnover?
The gaining and losing of employees
Which of the following is NOT an aspect of social responsibility?
The ozone layer
Which of the following describes consumerism?
The societal effort to protect consumer rights by enforcing pressure
What are negative or unfavorable external factors affecting organizations and businesses which should be avoided or eliminated?
Threats
How many parts are there to a business plan?
Three
A SWOT analysis can be used for marketing and product development planning.
True
Which of the following describes small businesses?
Usually have less than 100 employees
Where does marketing exist?
Wherever a product is sold to the customer