Business Management Chapter 1-5 Exam Question & Answers ( Latest ).docx

Business Management Chapter 1-5
Exam Question & Answers ( Latest
2025/2026)
organization - CORRECT ANSWERS ✔✔a group of
people who work together to achieve some specific
purpose


management - CORRECT ANSWERS ✔✔pursuit of
organizational goals efficiently and effectively by
integrating the work of people through planning,
organizing, leading and controlling the organization's
resources


efficient - CORRECT ANSWERS ✔✔cheap and wise


effective - CORRECT ANSWERS ✔✔get it done


Management process(Four Management Functions) -
CORRECT ANSWERS ✔✔Planning
Organizing
Leading
Controlling


Competitive Advantage - CORRECT ANSWERS
✔✔Ability of an organization to produce goods or services

,Business Management Chapter 1-5
Exam Question & Answers ( Latest
2025/2026)
more effectively than competitors do, thereby
outperforming them


Sustainable Competitive Advantage - CORRECT
ANSWERS ✔✔Must stay ahead in:
Response to customers
Innovation
Quality
Efficiency


Managing for diversity - CORRECT ANSWERS ✔✔1/6
American Workers is foreign born
Maximize the contributions of employees
Diverse in gender, age, race, ethnicity & sexual
orientation


Managing for Globalization - CORRECT ANSWERS
✔✔verbal expressions & gestures don't have the same
meaning to everyone throughout the world


Managing for I.T. - CORRECT ANSWERS
✔✔consumers spend trillions online

,Business Management Chapter 1-5
Exam Question & Answers ( Latest
2025/2026)
e-business: use the internet to facilitate every aspect of
the business


Managing for Ethical Standards - CORRECT ANSWERS
✔✔balance sales & business w/ethics
safety
environment
sucking up
trash talking


Managing for Sustainability - CORRECT ANSWERS
✔✔the Business of Green
U.S. Chamber of Commerce is resistant to climate change
legislation


Managing for Happiness and Meaningfulness - CORRECT
ANSWERS ✔✔Truly like people, enjoy mentoring &
helping others grow and thrive


Traditional Management Pyramid - CORRECT ANSWERS
✔✔Top Manager
Middle Manager

, Business Management Chapter 1-5
Exam Question & Answers ( Latest
2025/2026)
First-Line Manager
Team Leader


Top Manager - CORRECT ANSWERS ✔✔long-term
decisions about the overall direction of the organization
establish objectives, policies, & strategies for it
attentive


Middle Manager - CORRECT ANSWERS ✔✔Implement
policies & plans of the top managers above them &
supervise & coordinate the activities of the First-Line
Managers
Organized
Deal w/people


First-Line Managers - CORRECT ANSWERS ✔✔Short-
term operating decisions (hiring/firing)
direct daily tasks
starting place for managers