Teamwork wastes the time of the good worker and only benefits a lazy worker?

Affirmative, Yes, but No, Negative

To be an effective manager, you must ...

Ensure efforts of employees are directed to a common goal

Which of the following statements are true?

Managers need a range of skills

In business terms, what is efficiency?

maximum outputs with minimum inputs

What is the definition of effective business management?

achieving goals and objectives of the business

The four basic functions of managers are:

planning organising, leading and controlling

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The Nature of Management

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

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Questions 11

Answers

1
Which of the following is a goal of businesses?
Happy and content employees
Strong vision and mission statements
Using cutting edge technology
Increased market share
2
Multiskilling is learning, through training, to do many tasks.
True
False
Only women can do this
3
Teamwork wastes the time of the good worker and only benefits a lazy worker?
Affirmative
Yes, but No
Negative
4
To be an effective manager, you must ...
Repay creditors and long term loans as quickly as possible
Closely supervise the activities of employees
Ensure you maximise revenue
Ensure efforts of employees are directed to a common goal
5
In recent years management have developed goals and strategies and imposed them on employees?
true
false
6
Which of the following are human resources?
Employees
Long term loans
Goodwill
Machinery
7
Which of the following statements are true?
Managers put their feet on the desk and earn the big bucks
The activity of management is a science with set formulas
Management is about making systematic decisions
Managers need a range of skills
8
In business terms, what is efficiency?
The degree to which business goals have been achieved
Following instructions quickly and correctly
maximum outputs with minimum inputs
The effectiveness of a production factor
9
What is the definition of effective business management?
Satisfying the wants and needs of a target market
achieving goals and objectives of the business
Achieving a work/life balance
Operations to maximise profit
10
The four basic functions of managers are:
selling, employing, setting goals, controlling the business
efficiencies, making profit, reducing waste, producing
planning organising, leading and controlling
managing employees, strategic planning, filing and accounts
11
Which of the following is an example of a stakeholder in a business?
Supplier
Customer
All of the above
Shareholder

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