Exam (elaborations)
Business Management Chapter 1-5 Questions with Correct Answers 2025
Course
BUSINESS MANAGEMENT
Institution
BUSINESS MANAGEMENT
Business Management Chapter 1-5 Questions with Correct Answers 2025
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BUSINESS MANAGEMENT
Course
BUSINESS MANAGEMENT
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Business Management Chapter 1-5
Questions with Correct Answers 2025
organizationF-FCORRECTFANSWERF-aFgroupFofFpeopleFwhoFworkFtogetherFtoFachieveFsomeFspecificFpurpose
managementF-FCORRECTFANSWERF-
pursuitFofForganizationalFgoalsFefficientlyFandFeffectivelyFbyFintegratingFtheFworkFofFpeopleFthroughFplanni
ng,Forganizing,FleadingFandFcontrollingFtheForganization'sFresources
efficientF-FCORRECTFANSWERF-cheapFandFwise
effectiveF-FCORRECTFANSWERF-getFitFdone
ManagementFprocess(FourFManagementFFunctions)F-FCORRECTFANSWERF-Planning
OrganizingF
Leading
Controlling
CompetitiveFAdvantageF-FCORRECTFANSWERF-
AbilityFofFanForganizationFtoFproduceFgoodsForFservicesFmoreFeffectivelyFthanFcompetitorsFdo,FtherebyFout
performingFthem
SustainableFCompetitiveFAdvantageF-FCORRECTFANSWERF-MustFstayFaheadFin:
ResponseFtoFcustomers
Innovation
Quality
Efficiency
ManagingFforFdiversityF-FCORRECTFANSWERF-1/6FAmericanFWorkersFisFforeignFborn
MaximizeFtheFcontributionsFofFemployees
DiverseFinFgender,Fage,Frace,FethnicityF&FsexualForientation
,ManagingFforFGlobalizationF-FCORRECTFANSWERF-
verbalFexpressionsF&FgesturesFdon'tFhaveFtheFsameFmeaningFtoFeveryoneFthroughoutFtheFworld
ManagingFforFI.T.F-FCORRECTFANSWERF-consumersFspendFtrillionsFonline
e-business:FuseFtheFinternetFtoFfacilitateFeveryFaspectFofFtheFbusiness
ManagingFforFEthicalFStandardsF-FCORRECTFANSWERF-balanceFsalesF&FbusinessFw/ethics
safety
F
environment
F
suckingFup
F
trashFtalking
F
ManagingFforFSustainabilityF-FCORRECTFANSWERF-theFBusinessFofFGreen
U.S.FChamberFofFCommerceFisFresistantFtoFclimateFchangeFlegislation
ManagingFforFHappinessFandFMeaningfulnessF-FCORRECTFANSWERF-
TrulyFlikeFpeople,FenjoyFmentoringF&FhelpingFothersFgrowFandFthrive
TraditionalFManagementFPyramidF-FCORRECTFANSWERF-TopFManager
MiddleFManager
First-LineFManager
TeamFLeader
TopFManagerF-FCORRECTFANSWERF-long-termFdecisionsFaboutFtheFoverallFdirectionFofFtheForganization
establishFobjectives,Fpolicies,F&FstrategiesFforFitF
attentive
, MiddleFManagerF-FCORRECTFANSWERF-
ImplementFpoliciesF&FplansFofFtheFtopFmanagersFaboveFthemF&FsuperviseF&FcoordinateFtheFactivitiesFofFth
eFFirst-LineFManagers
Organized
DealFw/people
First-LineFManagersF-FCORRECTFANSWERF-Short-termFoperatingFdecisionsF(hiring/firing)
directFdailyFtasks
startingFplaceFforFmanagers
TeamFLeadersF-FCORRECTFANSWERF-
ResponsibleFforFfacilitatingFteamFactivitiesFtowardFachievingFkeyFresults
mayFnotFhaveFauthorityFoverFothers
resolveFconflicts
FunctionalFManagementF-FCORRECTFANSWERF-ResponsibleFforFjustFoneForganizationalFactivity
GeneralF(LineFManagers)F-FCORRECTFANSWERF-ResponsibleFforFseveralForganizationalFactivities
ForFProfitF-FCORRECTFANSWERF-formedFtoFmakeFmoney
measuredFinFgain/loss
Non-ProfitF-FCORRECTFANSWERF-KnownFasF"administrators"
offerFservicesFtoFclients,FnotFtoFmakeFaFprofit
forFofferingFservices
measuredFinFeffectiveness
MutualFBenefitFOrganizationsF-FCORRECTFANSWERF-forFaidingFmembers
advanceFmembers'Finterests
i.e.FpoliticalFparties