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