The four main resources available to businesses are:

Human, Information & Technology, Physical and Financial

Which of the following statements are true?

Typical business managers are constantly interrupted

To be an effective manager, you must ...

Ensure efforts of employees are directed to a common goal

What is the traditional definition of business management?

Coordinating a business's resources to achieve its goals

In business terms, what is efficiency?

Goods and services produced relative to the resource inputs

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Prelim Business Studies: 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 15

Answers

1
Autocratic leadership says....
Do it my way!
One manager only!
What ever you think is right!
Do it your way!
2
Classical-scientific approach was introduced by?
Henry Mintzberg
Frederick W. Taylor
Henri Fayol
Michael Jackson
3
Which business function is concerned with getting the job done?
Operations
Marketing
Finance
Human Resource
4
Which of the following is usually a major determinant of the success or failure of a business?
Cutting edge technology
Strong vision and mission statements
Effective management
Marketing strategies
5
Strategic decisions, direction and information flow from middle to top level management. T/F?
False
True
6
The four main resources available to businesses are:
Profit, Turnover, Sales & Revenue
Primary, Secondary, Tertiary & Quaternary
Land, Natural Resources, Capital & Enterprise
Human, Information & Technology, Physical and Financial
7
Which of the following statements are true?
Managers have time to reflect on the mission of the business
Management is about making systematic decisions
The activity of management is a science with set formulas
Typical business managers are constantly interrupted
8
To be an effective manager, you must ...
Ensure you maximise revenue
Closely supervise the activities of employees
Repay creditors and long term loans as quickly as possible
Ensure efforts of employees are directed to a common goal
9
Which of the following is an example of a stakeholder in a business?
Shareholder
Customer
Supplier
All of the above
10
What is the traditional definition of business management?
Coordinating a business's resources to achieve its goals
Operations to maximise profit
Achieving a work/life balance
Satisfying the wants and needs of a target market
11
Which level of management would be responsible for developing policies, plans and strategies?
Top level management
Middle level management
Supervisory /first level management
12
Behavioural management approach was attributed to?
Henry Mintzberg
Elton Mayo
Elton John
Colonel Sanders
13
Which of the following are human resources?
Employees
Long term loans
Machinery
Goodwill
14
Which of the following is not a skill of management?
Vision
Perception
Communication
Problem Solving
15
In business terms, what is efficiency?
The degree to which business goals have been achieved
Goods and services produced relative to the resource inputs
The effectiveness of a production factor
Following instructions quickly and correctly

Prelim Business Studies: Management Flashcards | StudBud