BUS 101 CHAPTER 1 UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
Question:
1. Conceptual Skill
Answer:
In order to perform management functions, a manager must possess the ability to
think in abstract terms in order to see the "big picture".
Question:
2. Business
Answer:
Studying this can help you develop skills and acquire knowledge to prepare for
your future career, regardless of whether you plan to work for a multinational
Fortune 500 firm, start your own business, work for a government agency, or
manage or volunteer at a nonprofit organization
Question:
3. Controlling
Answer:
To be an effective manager, you must perform this basic management function.
Question:
4. What is the term for all of the different people or groups of people that are
affected by the policies, activities, and decisions of a business and whose
concerns the business needs to address?
Answer:
Stakeholders
Question:
5. Customers
Answer:
The ultimate objective of every firm is to satisfy the needs of its...
Question:
6. Human Resources, Material Resources, and Financial
Resources
Answer:
For a business to organize and be successful, this must be effectively combined
and used.
AND CORRECT ANSWERS
Question:
1. Conceptual Skill
Answer:
In order to perform management functions, a manager must possess the ability to
think in abstract terms in order to see the "big picture".
Question:
2. Business
Answer:
Studying this can help you develop skills and acquire knowledge to prepare for
your future career, regardless of whether you plan to work for a multinational
Fortune 500 firm, start your own business, work for a government agency, or
manage or volunteer at a nonprofit organization
Question:
3. Controlling
Answer:
To be an effective manager, you must perform this basic management function.
Question:
4. What is the term for all of the different people or groups of people that are
affected by the policies, activities, and decisions of a business and whose
concerns the business needs to address?
Answer:
Stakeholders
Question:
5. Customers
Answer:
The ultimate objective of every firm is to satisfy the needs of its...
Question:
6. Human Resources, Material Resources, and Financial
Resources
Answer:
For a business to organize and be successful, this must be effectively combined
and used.
