Business Management

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mnb2601 assessment 2 semester 1 2024

mnb2601 assessmnet 2 semester 1 2024

Business Management Exam Questions And Answers Solved Correctly Business - answerThe organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. What are the four resources a business needs in order to be successful? - answerHuman resources, material resources, informational resources, and financial resources. What do service businesses do? - answerThey provide services. Ex: Haircuts, legal advice, tax preparation, etc. Interme...

Business Management Final Review Exam Questions And Answers Solved Correctly Herzberg Theory - answerTwo Factor theory of human motivation. Dissatisfaction was a result of hygiene factors. Satisfaction and psychological growth were motivation factors. Centralized - answerCommunications by team members through a single person to solve problems or make decisions. Franchise - answerA license, granted by one company (franchiser) to another company or person (franchisee), entitling the franchi...

Business Management Final Review Exam Questions And Answers Solved Correctly 2024 Copyright - answerProtects a creative work Small Business Administration - answerGovernment agency that provides resources for small business owners Controlling - answerManagement Function that includes evaluating a company's performance to see if it's meeting its objectives. Income Statement - answerFinancial Statement that shows revenue, expenses, and profit or loss Franchise - answerOwnership type th...

Business Management Final Review Exam Questions And Answers Solved Correctly 2024 added value - answertakes an existing product, adds additional "value" usually in the form of a specific application, packaging, etc. and resells it as a new product or "package." affirmative-action programs - answerProgram set up by a business firm to increase employment opportunities for women and minorities. Autocratic leadership style - answerLeader reaches a decision, communicates the decision to s...