A Business Management Formative Assessment Test Quiz

15 Questions | By Keith.lue | Updated: Mar 20, 2022 | Attempts: 496

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A Business Management Formative Assessment Test Quiz - Quiz

This is a formative assessment of Business Management. This is a no-stress test for students in Management Foundations to see what you know about Business Management. It's okay if you don't know any of the answers, or if you know all of them! Just learning is it's all about.

Questions and Answers

1.

There are four main functions of Management. They are:
- A.
  
  Leading, Directing, Planning, Controlling
- B.
  
  Planning, Controlling, Staffing, Organizing
- C.
  
  Planning, Organizing, Controlling, Leading
2.

A strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats to a project. It involves specifying the objective of the project and identifying the internal and external factors that are favourable and unfavourable to achieving that objective.
- A.
  
  Implementation Strategy
- B.
  
  SWOT Strategy
- C.
  
  Growth Strategy
- D.
  
  Focus Strategy
3.

When organizing a company, you must decide which type of company you want to be. Which of the following is NOT an option.
- A.
  
  Bureaucracy
- B.
  
  Sole Proprietorship
- C.
  
  Partnership
- D.
  
  Corporation
4.

A group of people working together in a coordinated effort to reach certain goals can best be described as a(n)
- A.
  
  Authority
- B.
  
  Organization
- C.
  
  Special force
- D.
  
  Division
5.

In this organization authority originates at the top and moves downward in a line:
- A.
  
  Matrix organization
- B.
  
  Team organization
- C.
  
  Line and staff organization
- D.
  
  Line organization
6.

Leaders who do not listen to other people but make all the decisions themselves are known as
- A.
  
  Laissez-faire leaders
- B.
  
  Democratic leaders
- C.
  
  Autocratic leaders
- D.
  
  Coercive leaders
7.

The lowest level of management is
- A.
  
  Supervisory management
- B.
  
  Middle management
- C.
  
  Senior management
- D.
  
  Upper management
8.

A manager in this role decides how many and what kind of people a business needs to meet its goals, and then recruits, selects, and trains the right people
- A.
  
  Planning
- B.
  
  Staffing
- C.
  
  Leading
- D.
  
  Organizing
9.

An organization that has many levels with small spans of management is called
- A.
  
  Tall structure
- B.
  
  Flat structure
- C.
  
  Short structure
- D.
  
  Team structure
10.

The idea that personality, social, or even physical traits determine good leadership is associated with
- A.
  
  Reinforcement theory
- B.
  
  Path-goal theory
- C.
  
  Leadership theory
- D.
  
  Trait theory
11.

The point at which increasing controls no longer increase performance or reduce costs is determined through
- A.
  
  Economic behaviors
- B.
  
  Setting standards
- C.
  
  Cost-benefit analysis
- D.
  
  Analyzing behavior
12.

Which of the following is owned by one person?
- A.
  
  Parntership
- B.
  
  Sole Proprietorship
- C.
  
  Corporation
- D.
  
  LLC
13.

Business Management Theory that assumes people are basically lazy and will avoid working if they can
- A.
  
  Theory X
- B.
  
  Theory Y
- C.
  
  Theory Z
- D.
  
  TQM