Which of the following statements are true?

Typical business managers are constantly interrupted

The main management functions of behavioural management approach are...

leading, motivating and communicating

What is the traditional definition of business management?

Coordinating a business's resources to achieve its goals

The four main resources available to businesses are:

Human, Information & Technology, Physical and Financial

In business terms, what is efficiency?

Goods and services produced relative to the resource inputs

Management Approaches

Scientific/Classical, Behavioural, Contingency

What level of management does the Contingency approach have?

Depends on abilities of employees and tasks

To be an effective manager, you must ...

Ensure efforts of employees are directed to a common goal

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Preliminary Year 11 Business Studies Topic 2 Business Management - The Nature of Business Quiz #1

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Questions 19

Answers

1
Which of the following statements are true?
Management is about making systematic decisions
The activity of management is a science with set formulas
Managers have time to reflect on the mission of the business
Typical business managers are constantly interrupted
2
Autocratic leadership says....
One manager only!
Do it your way!
Do it my way!
What ever you think is right!
3
The contingency management approach stresses the need for _ and _ of management practices.
operation, human resource
flexibility, adaption
finance, marketing
communications, fairness and honesty
4
The main management functions of behavioural management approach are...
leading, motivating and communicating
increase market share and maximise growth
improve share price and maximise profit
voluntary and involuntary
5
Which of the following is not a skill of management?
Problem Solving
Perception
Vision
Communication
6
Behavioural management approach was attributed to?
Colonel Sanders
Henry Mintzberg
Elton John
Elton Mayo
7
Which of the following is an example of a stakeholder in a business?
Customer
Shareholder
Supplier
All of the above
8
What is the traditional definition of business management?
Satisfying the wants and needs of a target market
Operations to maximise profit
Coordinating a business's resources to achieve its goals
Achieving a work/life balance
9
Which level of management would be responsible for developing policies, plans and strategies?
Middle level management
Supervisory /first level management
Top level management
10
Which of the following are human resources?
Long term loans
Employees
Goodwill
Machinery
11
A flat organisation will have a .................... chain of command
short
long
12
The four main resources available to businesses are:
Primary, Secondary, Tertiary & Quaternary
Human, Information & Technology, Physical and Financial
Profit, Turnover, Sales & Revenue
Land, Natural Resources, Capital & Enterprise
13
Classical-scientific approach was introduced by?
Frederick W. Taylor
Michael Jackson
Henri Fayol
Henry Mintzberg
14
In business terms, what is efficiency?
Goods and services produced relative to the resource inputs
Following instructions quickly and correctly
The effectiveness of a production factor
The degree to which business goals have been achieved
15
Which of the following is usually a major determinant of the success or failure of a business?
Cutting edge technology
Marketing strategies
Strong vision and mission statements
Effective management
16
Management Approaches
Behavioural, Contingency, Hierarchical
Hierarchical, Classical, Organisational
Management, Behavioural, Autocratic
Scientific/Classical, Behavioural, Contingency
17
Strategic decisions, direction and information flow from middle to top level management. T/F?
True
False
18
What level of management does the Contingency approach have?
Lot of levels with decisions with no consultation
lots of levels with More communication
Depends on abilities of employees and tasks
19
To be an effective manager, you must ...
Ensure efforts of employees are directed to a common goal
Closely supervise the activities of employees
Ensure you maximise revenue
Repay creditors and long term loans as quickly as possible

Duplicate of Prelim Business Studies: Management Flashcards | StudBud