Business 201 Exam 2 Study Guide | 120+ Q&A | Management, Structure, HRM, Culture, Operations – 2025/2026 – Liberty University

This document is a structured and complete Exam 2 study guide for Business 201 – Introduction to Business at Liberty University, aligned with the 2025/2026 academic year. It includes 120+ accurate and well-organized Q&A, covering foundational principles of business management, organizational structure, operations, and human resources. It emphasizes practical, exam-ready definitions and applications across a wide range of business concepts: Management functions and levels: Planning, organizing, leading, controlling; top, middle, and first-line management roles Leadership styles: Autocratic, participative, entrepreneurial Decision-making and SMART goals: Problem-solving processes and goal-setting techniques Organizational structures: Line, staff, matrix, and networked organizations Corporate culture types: Communal, networked, fragmented, mercenary Delegation and departmentalization: Responsibility, authority, accountability; grouping by function, product, customer, or location Operations management: Conversion processes, analytical vs. synthetic production, quality control, service vs. goods economy Human Resources: Job analysis, planning, hiring, maintaining a diverse workforce, employee development Teamwork and development: Team stages (Forming to Adjourning), motivation techniques, cultural diversity, committee types Notable business perspectives: Key takeaways from Rick Torres and Samuel Anderson on energy, self-promotion, and inclusive workplaces This study guide is highly useful for students in business administration, management, HR, entrepreneurship, and organizational leadership. It also benefits learners preparing for general business exams, team management scenarios, or business foundations certifications. Keywords: management functions, organizational structure, business leadership, SMART goals, delegation, corporate culture, HRM, human resources planning, job analysis, operations management, production process, teamwork stages, diversity in workplace, business decision-making, Business 201, Liberty University, Exam 2 review, motivation techniques, business culture types