Business Management

Business Management Exam 1 Qs & As Solved Correctly!!

organization - Answer a group of people who work together to achieve some specific purpose management - Answer pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading and controlling the organization's resources efficient - Answer cheap and wise effective - Answer get it done Management process(Four Management Functions) - Answer Planning Organizing Leading Controlling Competitive Advantage - Answer A...

Business Management Exam 1 Questions And Answers Four Management Functions - ANS 1. Planning 2. Organizing 3. Leading 4. Controlling Management Skills - ANS 1. Conceptual- ability to see the organization as a whole system 2. Human Skills- Managers ability to work with the entire group. 3. Technical Skills- Understanding of and proficiency in the performance of specific tasks. Different levels of manager (Vertical) - ANS -Top manager - setting organizational goals, defin...

Business Management UNIT 3/4 EXAM Questions With 100% Correct Answers 2024 Sole Trader - answerBusinesses owned and operated by a single individual. Advantage: -Owner has complete control over all decisions in the business - The owner has the right to keep all the profits after taxes Disadvantage: - Unlimited liability for business debts - Burden of management and failure all falls to the owner Partnership - answerBusinesses that are owned by a minimum of 2 and a maximum of 20 people. ...

Business Management Exam 2

Business Management UNIT 3_4 EXAM questions & answers

Business Management Test #2 Exam Questions And Answers 2024 TRUE OR FALSE international business involves the buying selling and trading of goods and services across national boundaries. - answerTRUE TRUE OR FALSE Nations trade with other nations to obtain resources that would otherwise be unavailable to them. - answerTRUE TRUE OR FALSE Fit Rite a firm based in the united states buys metal parts from china to manufacture its fasteners in doing so the company is engaged in exporting. - ...

Small Business Management Final Exam With Complete Solutions independent; local - answerIn order for a business to be classified as small, its management is _____ and the area of operation is primarily _____ self-employment - answerA major reason for the increased interest in small businesses is there is a growing trend toward _____ new ideas; services - answerOne of the contributions of small businesses is that they are sources of _____ or _____ that larger businesses may be unable to pr...

Business Management Final Review Quizzes & Ans Rated 100% Correct!!