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Exam (elaborations)

Business Management Chapter 1-5 Questions with Correct Answers 2025

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Business Management Chapter 1-5 Questions with Correct Answers 2025

Institution
BUSINESS MANAGEMENT
Course
BUSINESS MANAGEMENT










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Institution
BUSINESS MANAGEMENT
Course
BUSINESS MANAGEMENT

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Uploaded on
January 1, 2025
Number of pages
17
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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  • business management chapter 1 5 questions with cor

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Business Management Chapter 1-5
Questions with Correct Answers 2025
organizationF-FCORRECTFANSWERF-aFgroupFofFpeopleFwhoFworkFtogetherFtoFachieveFsomeFspecificFpurpose



managementF-FCORRECTFANSWERF-
pursuitFofForganizationalFgoalsFefficientlyFandFeffectivelyFbyFintegratingFtheFworkFofFpeopleFthroughFplanni
ng,Forganizing,FleadingFandFcontrollingFtheForganization'sFresources



efficientF-FCORRECTFANSWERF-cheapFandFwise



effectiveF-FCORRECTFANSWERF-getFitFdone



ManagementFprocess(FourFManagementFFunctions)F-FCORRECTFANSWERF-Planning

OrganizingF

Leading

Controlling



CompetitiveFAdvantageF-FCORRECTFANSWERF-
AbilityFofFanForganizationFtoFproduceFgoodsForFservicesFmoreFeffectivelyFthanFcompetitorsFdo,FtherebyFout
performingFthem



SustainableFCompetitiveFAdvantageF-FCORRECTFANSWERF-MustFstayFaheadFin:

ResponseFtoFcustomers

Innovation

Quality

Efficiency



ManagingFforFdiversityF-FCORRECTFANSWERF-1/6FAmericanFWorkersFisFforeignFborn

MaximizeFtheFcontributionsFofFemployees

DiverseFinFgender,Fage,Frace,FethnicityF&FsexualForientation

,ManagingFforFGlobalizationF-FCORRECTFANSWERF-
verbalFexpressionsF&FgesturesFdon'tFhaveFtheFsameFmeaningFtoFeveryoneFthroughoutFtheFworld



ManagingFforFI.T.F-FCORRECTFANSWERF-consumersFspendFtrillionsFonline

e-business:FuseFtheFinternetFtoFfacilitateFeveryFaspectFofFtheFbusiness



ManagingFforFEthicalFStandardsF-FCORRECTFANSWERF-balanceFsalesF&FbusinessFw/ethics

safety
F



environment
F



suckingFup
F



trashFtalking
F




ManagingFforFSustainabilityF-FCORRECTFANSWERF-theFBusinessFofFGreen

U.S.FChamberFofFCommerceFisFresistantFtoFclimateFchangeFlegislation



ManagingFforFHappinessFandFMeaningfulnessF-FCORRECTFANSWERF-
TrulyFlikeFpeople,FenjoyFmentoringF&FhelpingFothersFgrowFandFthrive



TraditionalFManagementFPyramidF-FCORRECTFANSWERF-TopFManager

MiddleFManager

First-LineFManager

TeamFLeader



TopFManagerF-FCORRECTFANSWERF-long-termFdecisionsFaboutFtheFoverallFdirectionFofFtheForganization

establishFobjectives,Fpolicies,F&FstrategiesFforFitF

attentive

, MiddleFManagerF-FCORRECTFANSWERF-
ImplementFpoliciesF&FplansFofFtheFtopFmanagersFaboveFthemF&FsuperviseF&FcoordinateFtheFactivitiesFofFth
eFFirst-LineFManagers

Organized

DealFw/people



First-LineFManagersF-FCORRECTFANSWERF-Short-termFoperatingFdecisionsF(hiring/firing)

directFdailyFtasks

startingFplaceFforFmanagers



TeamFLeadersF-FCORRECTFANSWERF-
ResponsibleFforFfacilitatingFteamFactivitiesFtowardFachievingFkeyFresults

mayFnotFhaveFauthorityFoverFothers

resolveFconflicts



FunctionalFManagementF-FCORRECTFANSWERF-ResponsibleFforFjustFoneForganizationalFactivity



GeneralF(LineFManagers)F-FCORRECTFANSWERF-ResponsibleFforFseveralForganizationalFactivities



ForFProfitF-FCORRECTFANSWERF-formedFtoFmakeFmoney

measuredFinFgain/loss



Non-ProfitF-FCORRECTFANSWERF-KnownFasF"administrators"

offerFservicesFtoFclients,FnotFtoFmakeFaFprofit

forFofferingFservices

measuredFinFeffectiveness



MutualFBenefitFOrganizationsF-FCORRECTFANSWERF-forFaidingFmembers

advanceFmembers'Finterests

i.e.FpoliticalFparties
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