Test Your Business Management Skills With This Quiz
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How much do you know about business?
- 1.How would you describe an authoritarian (or controlling) management style?
- A.
A manager who involes employees in decision making.
- B.
A manager who asks staff for feedback before making a decision.
- C.
A manager who likes to make all decisions by him/herself.
- 2.How would you describe a compromising management style?
- A.
A manager who likes to make all decisions by him/herself.
- B.
A manager who involes employees in decision making.
- C.
A manager who sets the goals of the business and communicates 'downwards' to employees.
- 3.How would you describe a democratic management style?
- A.
A manager who likes to make all the decisions.
- B.
A manager who sets the goals of the business and communicates 'downwards' to employees.
- C.
A manager who involves employees in decision making and aims to benefit both the business and personnel as a result of decisions that are made.
- 4.How would you describe an accommodating (or laissez-faire) manager?
- A.
A manager who avoids making decisions, instead, leaving it up to other staff.
- B.
A manager who involves employees in decision making and aims to benefit both the business and personnel as a result of decisions that are made.
- C.
A manager who likes communication with employees to go in both directions: from management to emoployees, and back upward to the manager.
- 5.One management role in the business process is to PLAN.
- A.
True
- B.
False
- 6.Planning is...
- A.
Where management directs employees on "what to do."
- B.
A management role where the procedures for meeting organisational goals are developed.
- C.
A process of controlling the assets of the business.
- 7.Strategic planning is...
- A.
Short term planning.
- B.
Long term planning.
- 8.Action planning is...
- A.
Short term planning.
- B.
Long term planning.
- 9.A plan is a proposed method to be used to achieve the organization's goals and objectives.
- A.
True
- B.
False
- 10.Planning and goal setting are important because they give the manager focus and direction.
- A.
True
- B.
False
- 11.A business can set goals in a number of areas. Goals are vital in assisting the manager to focus on the details of...
- A.
Loan repayments.
- B.
The strategic plan.
- C.
Short term cash flow.
- 12.Once a business has been established, ongoing monitoring by the owner is no longer necessary.
- A.
True
- B.
False
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