To be an effective manager, you must ...

Ensure efforts of employees are directed to a common goal

In business terms, what is efficiency?

Goods and services produced relative to the resource inputs

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

What is the traditional definition of business management?

Coordinating a business's resources to achieve its goals

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2.1 Nature of Management Review

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

2.1 Nature of Management Review Flashcards | StudBud