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Business Management 1.02 Flashcards | StudBud
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Business Management 1.02
Business Management 1.02
20 terms
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Summer 2019 version. Questions taken directly from the associated LAP.
Flashcards
20 cards
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Questions
20
Answers
1
Which of the following are examples of MIDDLE management jobs?
President, Sr. VP., and CEO
DM, Dept. Head., & Regional Sales Manager
Floor Sup., Area Sup. & Section Manager
Collections Sup., Crew Chief, and Prod. Sup.
2
Which of the following is the main purpose of management?
create a pleasant work atmosphere
accomplish the business's goals
reach a specific level of productivity
obtain needed resources
3
Which of the following are examples of TOP LEVEL management job titles:
Collections supervisor, crew chief & production manager
President, Sr. VP, & CEO
Floor Supervisor, area supervisor & setion manager
DM, dept. head and Regional Sales manager
4
Why do top-level managers usually receive high salaries?
Responsibilities involve hands-on supervision
More experience than others
They are required to attend a lot of meetings
Their decisions affect the entire company
5
What must managers be able to do it they want employees to understand the business's goals and be productive?
Communicate Clearly
Obtain feedback
Listen Carefully
Ask questions
6
A top level manager identifies jobs to be performed, assigns responsibility for them, etc. What function is this?
Organizing
Directing
Controlling
Planning
7
A manager studying the previous sales statistics as well as forecasts is using
Human
Financial
Information
Material
8
Why do all businesses need financial resources?
Pay operating expenses
Manage Investment accounts
Develop cash budgets
Negotiate bank loans
9
Which of the following are examples of first line mgmt?
Sr. VP., CEO & regional VP
Pres., Sr. VP., & CEO
Collections Supervisor, Crew Chief, & Prod. Sup.
VP, dept. head, regional sales manager
10
Who is normally responsible for purchasing the proper materials?
First Line Workers
Middle Managers
Supervisory Managers
Top Level managers
11
Which of the following is an important function of MID-level mgmt?
Prepare worker's daily schedules
Establish long term objectives for the company
Serve as a link btw top level & first line mgmt
Make sure projects meet deadlines
12
Determining the type of workers needed, locating qualified applicants, & selection is what function?
Controlling
Staffing
Planning
Directing
13
Why should managers know how to do the work of the workers they supervise?
Create team spirit
Establish a chain of command
To have realistic expectations for workers
Coordinate employee's efforts
14
In order to increase sales, a manager increased the advertising budget. This is an example of what function?
Controlling
Organizing
Planning
Directing
15
Which of the following statements about first line mgmt is TRUE?
Business typically hire them from inside the company
Not responsible for carrying out middle mgmt's plans
Never work side by side w/ employees
Fewer 1st line managers than middle or top
16
Which of the following do many businesses believe to be their most important resource?
Employees
Sales Revenue
Office Supplies
Equipment
17
Evaluating production output against production goals is:
Organizing
Directing
Planning
Controlling
18
A manager who help an employee county the money in a cash drawer and prepare a bank deposit is demonstrating
Natural Talent
Creativity
Technical Skills
Aggressive Behavior
19
A manager who considers how a one-person reduction in office staff could impact the company is demonstrating
conceptual skills
job-knowledge skills
technical skills
interpersonal skills
20
Creating a team atmosphere and rewarding employees is an example of:
Directing
Planning
Controlling
Organizing
