Elements of Business Management
Commerce · 50 practice questions
Functions of management (planning, organizing, staffing, coordinating, motivating, communicating, controlling); principles (span of control, unity of command, delegation of authority); organizational structures (line, line-and-staff, functional, matrix, committee); functional areas of business (production, marketing, finance, personnel); business resources (man, money, materials, machines, opportunities/goodwill).
- Appraise the functions of management.
- Analyse the principles of management.
- Identify organizational structures.
- Assess the functional areas of business.
- Examine business resources.
Try a few questions
- Practice question 1
The management function of 'motivating' primarily involves
- A.Eliminating the need for employee feedback
- B.Punishing employees for poor performance only
- C.Reducing employee wages to cut costs
- D.Inspiring and encouraging employees to willingly put in their best effort toward achieving organizational goals
Show the answer
D. Inspiring and encouraging employees to willingly put in their best effort toward achieving organizational goals
Motivating involves inspiring employees to willingly give their best effort toward organizational goals.
- Practice question 2
'Time management', as a management skill, involves a manager
- A.Delegating every single task to subordinates with no personal involvement
- B.Effectively planning, prioritizing and allocating available time to accomplish tasks and goals efficiently
- C.Working continuously with no breaks or planning
- D.Ignoring deadlines and prioritization entirely
Show the answer
B. Effectively planning, prioritizing and allocating available time to accomplish tasks and goals efficiently
Time management involves effectively planning, prioritizing and allocating time to accomplish tasks efficiently.
- Practice question 3
'Span of control' in management refers to
- A.The geographic area covered by a business
- B.The total number of departments in an organization
- C.The total capital owned by a business
- D.The number of subordinates a manager can effectively supervise
Show the answer
D. The number of subordinates a manager can effectively supervise
Span of control refers to the number of subordinates a manager can effectively supervise.
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