Business Management: Final Exam Questions
with Correct Answers 2026-2027
For employees who like their current work, moving into management means they can no longer do th
at work. - CORRECT ANSWER -True
There are a number of activities that must be performed by all managers no matter what the type of s
ize of the company. - CORRECT ANSWER -True
The primary work of all managers can be grouped within four functions: planning, organizing, impleme
nting, and budgeting. - CORRECT ANSWER -False
A manager who spends most of the time on one management function or is responsible for a specific
part of the company's operations is known as a mid-manager. - CORRECT ANSWER -True
Supervisors work directly with employees and are responsible for translating the company's plan into a
ction. - CORRECT ANSWER -True
The job of supervisor does not vary much from department to department or from one company to a
nother. - CORRECT ANSWER -False
All managers perform some of the same activities. - CORRECT ANSWER -True
The manager who knows how to plan, organize, implement, and control is ready to make decisions ne
eded to operate a business successfully. - CORRECT ANSWER -True
Many employees of a business complete tasks that could be considered management activities. -
CORRECT ANSWER -True
The levels of management in an organization can be described as a management triangle. -
CORRECT ANSWER -False
Executives spend more time controlling than planning. - CORRECT ANSWER -False
,Between 2000 and 2050, the percentage of Asian workers will increase more than the percentage of H
ispanic workers declines. - CORRECT ANSWER -False
Classical management is the careful, objective study of management decisions and procedures in order
to improve the operation of businesses and organizations. - CORRECT ANSWER -False
Frederick W. Taylor is closely associated with behavioral management - CORRECT ANSWER -False
The percentage of workers age 25 to 54 will rise significantly between 2000 and 2050. -
CORRECT ANSWER -False
Elton Mayo discovered the Hawthorn effect. - CORRECT ANSWER -True
A management strategy is a carefully developed overall approach to leading an organization. -
CORRECT ANSWER -True
In 2010, e-commerce retail sales represented approximately 25% of total retail sales. -
CORRECT ANSWER -False
When it comes to production efficiency, some businesses located outside the United States have an ad
vantage. - CORRECT ANSWER -True
Given all of the characteristics and options, each organization must develop its own management strat
egy. - CORRECT ANSWER -True
The process of accomplishing the goals of an organization through the effective use of people and oth
er resources is
a. planning
b. supervision
c. managemnet
d. implementation - CORRECT ANSWER -C
,The function being performed when a manager is carrying out plans and helping employees work effec
tively is
a. planning
b. organizing
c. implementing
d. budgeting - CORRECT ANSWER -C
Analyzing information and making decision about what needs to be done is the management function
known as
a. planning
b. organizing
c. implementing
d. projecting - CORRECT ANSWER -A
To be considered a manager, you must
a. regularly complete all four management functions
b. have authority over other jobs
c. have authority over other people
d. all of these responses - CORRECT ANSWER -D
People in the first (or beginning) level of management in a company are known as
a. executives
b. supervisors
c. mid-managers
d. trainees - CORRECT ANSWER -B
Classical management was widely accepted and implemented in businesses around the time of
a. the Civil War
, b. the Cold War
c. the Vietnam War
d. World War I - CORRECT ANSWER -D.
Who is most closely associated with the theory of management that focuses on identifying the most ef
fective practices for organizing and managing a business?
a. Deming
b. Fayol
c. Mayo
d. Taylor - CORRECT ANSWER -B
In the near future, the percentage of women in the workforce will be about
a. 40%
b. 45%
c. 50%
d. 55% - CORRECT ANSWER -C
The Industrial Revolution began in
a. Ancient Egypt
b. Detroit, Michigan
c. Hawthorne, Illinois
d. Western Europe - CORRECT ANSWER -D
By 2050, the total number of workers in U.S. workforce is expected to be close to
a. 50 million
b. 100 million
c. 150 million
d. 200 million - CORRECT ANSWER -C
with Correct Answers 2026-2027
For employees who like their current work, moving into management means they can no longer do th
at work. - CORRECT ANSWER -True
There are a number of activities that must be performed by all managers no matter what the type of s
ize of the company. - CORRECT ANSWER -True
The primary work of all managers can be grouped within four functions: planning, organizing, impleme
nting, and budgeting. - CORRECT ANSWER -False
A manager who spends most of the time on one management function or is responsible for a specific
part of the company's operations is known as a mid-manager. - CORRECT ANSWER -True
Supervisors work directly with employees and are responsible for translating the company's plan into a
ction. - CORRECT ANSWER -True
The job of supervisor does not vary much from department to department or from one company to a
nother. - CORRECT ANSWER -False
All managers perform some of the same activities. - CORRECT ANSWER -True
The manager who knows how to plan, organize, implement, and control is ready to make decisions ne
eded to operate a business successfully. - CORRECT ANSWER -True
Many employees of a business complete tasks that could be considered management activities. -
CORRECT ANSWER -True
The levels of management in an organization can be described as a management triangle. -
CORRECT ANSWER -False
Executives spend more time controlling than planning. - CORRECT ANSWER -False
,Between 2000 and 2050, the percentage of Asian workers will increase more than the percentage of H
ispanic workers declines. - CORRECT ANSWER -False
Classical management is the careful, objective study of management decisions and procedures in order
to improve the operation of businesses and organizations. - CORRECT ANSWER -False
Frederick W. Taylor is closely associated with behavioral management - CORRECT ANSWER -False
The percentage of workers age 25 to 54 will rise significantly between 2000 and 2050. -
CORRECT ANSWER -False
Elton Mayo discovered the Hawthorn effect. - CORRECT ANSWER -True
A management strategy is a carefully developed overall approach to leading an organization. -
CORRECT ANSWER -True
In 2010, e-commerce retail sales represented approximately 25% of total retail sales. -
CORRECT ANSWER -False
When it comes to production efficiency, some businesses located outside the United States have an ad
vantage. - CORRECT ANSWER -True
Given all of the characteristics and options, each organization must develop its own management strat
egy. - CORRECT ANSWER -True
The process of accomplishing the goals of an organization through the effective use of people and oth
er resources is
a. planning
b. supervision
c. managemnet
d. implementation - CORRECT ANSWER -C
,The function being performed when a manager is carrying out plans and helping employees work effec
tively is
a. planning
b. organizing
c. implementing
d. budgeting - CORRECT ANSWER -C
Analyzing information and making decision about what needs to be done is the management function
known as
a. planning
b. organizing
c. implementing
d. projecting - CORRECT ANSWER -A
To be considered a manager, you must
a. regularly complete all four management functions
b. have authority over other jobs
c. have authority over other people
d. all of these responses - CORRECT ANSWER -D
People in the first (or beginning) level of management in a company are known as
a. executives
b. supervisors
c. mid-managers
d. trainees - CORRECT ANSWER -B
Classical management was widely accepted and implemented in businesses around the time of
a. the Civil War
, b. the Cold War
c. the Vietnam War
d. World War I - CORRECT ANSWER -D.
Who is most closely associated with the theory of management that focuses on identifying the most ef
fective practices for organizing and managing a business?
a. Deming
b. Fayol
c. Mayo
d. Taylor - CORRECT ANSWER -B
In the near future, the percentage of women in the workforce will be about
a. 40%
b. 45%
c. 50%
d. 55% - CORRECT ANSWER -C
The Industrial Revolution began in
a. Ancient Egypt
b. Detroit, Michigan
c. Hawthorne, Illinois
d. Western Europe - CORRECT ANSWER -D
By 2050, the total number of workers in U.S. workforce is expected to be close to
a. 50 million
b. 100 million
c. 150 million
d. 200 million - CORRECT ANSWER -C
