Strayer University BUS 100 Exam 2 (pdf) | 2026/2027 | Intro to
Business Q&A | Business
1. Which of the following best defines management?
A) The process of hiring and firing employees
B) The process used to accomplish organizational goals through planning,
organizing, leading, and controlling people and other organizational
resources
C) The process of creating financial statements for shareholders
D) The process of marketing products to consumers
Correct Answer: The process used to accomplish organizational goals through
planning, organizing, leading, and controlling people and other organizational
resources
Rationale: Management is defined as the process used to accomplish
organizational goals through planning, organizing, leading, and controlling
people and other organizational resources . The four functions of
management are often referred to as POLC. Marketing and financial
management are separate business functions.
2. The four functions of management, often referred to as POLC, are:
A) Planning, Organizing, Leading, and Controlling
B) Planning, Operating, Leading, and Controlling
C) Producing, Organizing, Leading, and Coordinating
D) Planning, Organizing, Leveraging, and Controlling
Correct Answer: Planning, Organizing, Leading, and Controlling
Rationale: The four functions of management are planning, organizing,
leading, and controlling (POLC) . Planning involves anticipating trends and
,determining strategies; organizing involves designing the structure and
creating conditions for work; leading involves guiding and motivating others;
controlling involves establishing standards and taking corrective action .
3. Which management function involves anticipating trends and determining
the best strategies and tactics to achieve organizational goals?
A) Organizing
B) Leading
C) Planning
D) Controlling
Correct Answer: Planning
Rationale: Planning is the management function that includes anticipating
trends and determining the best strategies and tactics to achieve
organizational goals and objectives . It is the first step in the management
process and sets the direction for the organization.
4. A manager is designing the structure of the organization and creating
conditions in which everyone works together to achieve goals. This manager
is performing which function?
A) Planning
B) Organizing
C) Leading
D) Controlling
Correct Answer: Organizing
Rationale: Organizing is the management function that includes designing
the structure of the organization and creating conditions and systems in
,which everyone and everything works together to achieve the organizations'
goals and objectives . This involves allocating resources and defining roles.
5. A supervisor is motivating employees and providing guidance to help them
achieve organizational objectives. This is an example of:
A) Planning
B) Organizing
C) Leading
D) Controlling
Correct Answer: Leading
Rationale: Leading involves creating a vision for the organization and
guiding, training, coaching, and motivating others to work effectively to
achieve the organization's goals and objectives . It is about influencing
people to work toward shared goals.
6. Establishing clear standards, rewarding good performance, and taking
corrective action are part of which management function?
A) Planning
B) Organizing
C) Leading
D) Controlling
Correct Answer: Controlling
Rationale: Controlling is the management function that involves establishing
clear standards to determine whether an organization is progressing toward
its goals and objectives, rewarding people for doing a good job, and taking
corrective action if they are not .
, 7. An encompassing explanation of why an organization exists and where it is
trying to head is called a:
A) Mission statement
B) Vision
C) Goal
D) Objective
Correct Answer: Vision
Rationale: A vision is an encompassing explanation of why the organization
exists and where it is trying to head . A mission statement outlines the
fundamental purposes of the organization .
8. An outline of the fundamental purposes of an organization is called a:
A) Vision statement
B) Mission statement
C) Strategic plan
D) Tactical plan
Correct Answer: Mission statement
Rationale: A mission statement is an outline of the fundamental purposes of
an organization . It defines the organization's core purpose and focus.
9. Broad, long-term accomplishments an organization wishes to attain are
called:
A) Objectives
Business Q&A | Business
1. Which of the following best defines management?
A) The process of hiring and firing employees
B) The process used to accomplish organizational goals through planning,
organizing, leading, and controlling people and other organizational
resources
C) The process of creating financial statements for shareholders
D) The process of marketing products to consumers
Correct Answer: The process used to accomplish organizational goals through
planning, organizing, leading, and controlling people and other organizational
resources
Rationale: Management is defined as the process used to accomplish
organizational goals through planning, organizing, leading, and controlling
people and other organizational resources . The four functions of
management are often referred to as POLC. Marketing and financial
management are separate business functions.
2. The four functions of management, often referred to as POLC, are:
A) Planning, Organizing, Leading, and Controlling
B) Planning, Operating, Leading, and Controlling
C) Producing, Organizing, Leading, and Coordinating
D) Planning, Organizing, Leveraging, and Controlling
Correct Answer: Planning, Organizing, Leading, and Controlling
Rationale: The four functions of management are planning, organizing,
leading, and controlling (POLC) . Planning involves anticipating trends and
,determining strategies; organizing involves designing the structure and
creating conditions for work; leading involves guiding and motivating others;
controlling involves establishing standards and taking corrective action .
3. Which management function involves anticipating trends and determining
the best strategies and tactics to achieve organizational goals?
A) Organizing
B) Leading
C) Planning
D) Controlling
Correct Answer: Planning
Rationale: Planning is the management function that includes anticipating
trends and determining the best strategies and tactics to achieve
organizational goals and objectives . It is the first step in the management
process and sets the direction for the organization.
4. A manager is designing the structure of the organization and creating
conditions in which everyone works together to achieve goals. This manager
is performing which function?
A) Planning
B) Organizing
C) Leading
D) Controlling
Correct Answer: Organizing
Rationale: Organizing is the management function that includes designing
the structure of the organization and creating conditions and systems in
,which everyone and everything works together to achieve the organizations'
goals and objectives . This involves allocating resources and defining roles.
5. A supervisor is motivating employees and providing guidance to help them
achieve organizational objectives. This is an example of:
A) Planning
B) Organizing
C) Leading
D) Controlling
Correct Answer: Leading
Rationale: Leading involves creating a vision for the organization and
guiding, training, coaching, and motivating others to work effectively to
achieve the organization's goals and objectives . It is about influencing
people to work toward shared goals.
6. Establishing clear standards, rewarding good performance, and taking
corrective action are part of which management function?
A) Planning
B) Organizing
C) Leading
D) Controlling
Correct Answer: Controlling
Rationale: Controlling is the management function that involves establishing
clear standards to determine whether an organization is progressing toward
its goals and objectives, rewarding people for doing a good job, and taking
corrective action if they are not .
, 7. An encompassing explanation of why an organization exists and where it is
trying to head is called a:
A) Mission statement
B) Vision
C) Goal
D) Objective
Correct Answer: Vision
Rationale: A vision is an encompassing explanation of why the organization
exists and where it is trying to head . A mission statement outlines the
fundamental purposes of the organization .
8. An outline of the fundamental purposes of an organization is called a:
A) Vision statement
B) Mission statement
C) Strategic plan
D) Tactical plan
Correct Answer: Mission statement
Rationale: A mission statement is an outline of the fundamental purposes of
an organization . It defines the organization's core purpose and focus.
9. Broad, long-term accomplishments an organization wishes to attain are
called:
A) Objectives
