BUSM 1100 Verified Exam Questions and Answers Latest update
2026/2027
Question:
1. Managers
Answer:
The people who plan, organize, lead, and control the operations of an organization
Question:
2. Top Management Responsible for overall performance of the firm
Answer:
Question:
3. Middle Management
Answer:
Responsible for implementing decisions of top managers
Question:
4. First-Line Managers
Answer:
Responsible for training and supervising the employees
Question:
5. HR Skills
Answer:
Lead, Motivate, communicate, build, and maintain relationships
Question:
6. Conceptual Skills Abstract thinking; seeing beyond the present situation
Answer:
Question:
7. Organization Policies
Answer:
The actions that people take as they try to get what they want
, Question:
8. Escalation of Commitment
Answer:
when a manager makes a decision and then remains committed to its implementation in spite of clear
evidence that it was a bad decision
Question:
9. Risk Propensity
Answer:
refers to how much a manager is willing to gamble when making decisions
Question:
10. Mission Statement
Answer:
A statement of how an organization will achieve their purpose
Question:
11. SWOT
Answer:
Strength, Weakness, Opportunities, Threats
Question:
12. Strategic Management
Answer:
The process of setting goals, procedures, and objectives in order to make a company or org. more
competitive
Question:
13. contingency planning
Answer:
Identifying in advance changes that might occur that would affect business and developing a plan to
respond to changes
Question:
14. Crisis Management
Answer:
Dealing with an emergency that demands an immediate response
2026/2027
Question:
1. Managers
Answer:
The people who plan, organize, lead, and control the operations of an organization
Question:
2. Top Management Responsible for overall performance of the firm
Answer:
Question:
3. Middle Management
Answer:
Responsible for implementing decisions of top managers
Question:
4. First-Line Managers
Answer:
Responsible for training and supervising the employees
Question:
5. HR Skills
Answer:
Lead, Motivate, communicate, build, and maintain relationships
Question:
6. Conceptual Skills Abstract thinking; seeing beyond the present situation
Answer:
Question:
7. Organization Policies
Answer:
The actions that people take as they try to get what they want
, Question:
8. Escalation of Commitment
Answer:
when a manager makes a decision and then remains committed to its implementation in spite of clear
evidence that it was a bad decision
Question:
9. Risk Propensity
Answer:
refers to how much a manager is willing to gamble when making decisions
Question:
10. Mission Statement
Answer:
A statement of how an organization will achieve their purpose
Question:
11. SWOT
Answer:
Strength, Weakness, Opportunities, Threats
Question:
12. Strategic Management
Answer:
The process of setting goals, procedures, and objectives in order to make a company or org. more
competitive
Question:
13. contingency planning
Answer:
Identifying in advance changes that might occur that would affect business and developing a plan to
respond to changes
Question:
14. Crisis Management
Answer:
Dealing with an emergency that demands an immediate response
