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Business Management Flashcards | StudBud
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Business Management
Business Management
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1
What does SMART (in terms of goal setting) stand for?
Specific, Measurable, Achievable, Reasonable, Timeframe
Specific, Measurable, Achievable, Realistic, Timeframe
Specific, Measurable, Achievable, Relevant, Timeframe
Specific, Measurable, Applicable, Realistic, Timeframe
2
What does efficient mean?
Can produce something quickly with minimum waste
Can multitask
Is good at their job
Award winning
3
Which management position is most senior?
CFO
Operations Manager
COO
CEO
4
What are the 3 management approaches?
Autocratic, democratic, laizzes faire
Democratic, Behavioural, Laissez faire
Classical, Autocratic, Contingency
Classical, Behavioural, Contingency
5
What is wrong with this goal? - 'To grow'
Too specific
Unrealistic
No timeframe
Too broad
6
What is wrong with this goal? - 'To open 100 000 stores in a year'
Too broad
Unrealistic
No timeframe
Too specific
7
Which of the following is NOT a management skill listed in the syllabus?
empathy
interpersonal
communication
flexibility
8
Which of the following is NOT a common motivating factor for employees in Australia?
Hunger
Recognition
Rewards
Money
9
Which of the following is a good business goal?
To open 100 000 new stores in one year
To open 2 new stores by the end of 2017
To grow
To employ more people
10
Under the syllabus dot point of 'staff involvement' which are the factors listed?
innovation, motivation, mentoring and training
Motivation, mentoring, training, controlling
Training, mentoring, leading, motivation
Innovation, planing, motivation and mentoring
11
What does effective mean?
Works well with people
Successful in producing a desired result
Can perform quickly and with limited waste
Can multitask
12
What does CEO stand for?
Chief Executive Officer
Chief Employment Officer
Chief Enterprise Officer
Chief Employment Organiser
13
Who is this manager?
Steve Jobs
Steve Ballmer
Donald Trump
Bill Gates
14
Which of the following is NOT a feature of effective management?
Controlling
Inegrity
Optimism
Self-Motivated
15
Which of the following are 3 leadership styles discussed in this unit?
Classical, Behavioural, Contingency
Democratic, Behavioural, Laissez Faire
Democratic, Autocratic, Laissez Faire
Democratic, Behavioural, Laissez faire
