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Business Management Test Questions and Correct Answers

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Business Management Test Questions and Correct Answers

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Business Management Test Questions and Correct Answers

1. Autocratic ANSWER The manager makes the decision alone, with little or no input from subordinates
2. Semi-Autocratic ANSWER The manager asks subordinates for information needed to make the decision,
but still makes the decision alone.
3. Leading ANSWER The manager shares the situation with a few selected subordinates and asks them
individually for information and advice but still makes the final decision.
4. Collaborative ANSWER The manager meets with all his subordinates as a group to discuss the situation.
5. Accomodating ANSWER The manager and subordinates meet as a group and freely share information.
The entire group make the decision
6. Preparation ANSWER Manager Investigates to make sure all parts of a problem are known and all facts are
understood
7. Concentration ANSWER The manager sets a timetable for solving the problem
8. Incubation ANSWER The manager looks at various options for solving the problem
9. Illumination ANSWER The manager finds an acceptable solution for the problem
10. Verification ANSWER The manager tests the solution for the problem
11. Brainstorming ANSWER A group of people come up with as many ditterent ideas as possible to help solve a
problem, without making judgments about those ideas
12. Brainwriting ANSWER A leader presents group members with a problem situation, but the leader asks the
group to down their ideas rather than say them aloud. Papers are not signed, and the leader then collects the
papers and presents the best ideas to the group
13. Wish Lists ANSWER A leader tells the group to make believe they have the power to solve any problem becaus
there
are no physical or financial restraints. The leader then instructs the group to take the ideas and make them as practical
as possible. Then, the leader and group select the most practical solutions
14. Complacency ANSWER The manager thinks the decision is easier than it really is
15. Avoidance ANSWER The manager denies the importance of a problem
16. Panic ANSWER The manager becomes frantic trying to make a decision
17. Indecisiveness ANSWER The manager becomes unable to make a final decision
18. Regulations ANSWER Rules that government agencies issue to implement laws
19. Sole Proprietorship ANSWER A business owned by a single individual, or proprietor
20. Partnership ANSWER An association of two or more persons who jointly own a for-profit business
21. Corporation ANSWER A business formed under state or federal statutes that is authorized to act as a legal
person
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, Business Management Test Questions and Correct Answers

22. Income tax ANSWER A tax levied against a business's profits
23. Property tax ANSWER A tax levied against the property, buildings, or land owned by a business




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