Here are the answers to your questions:
Question 1
Which function of management consists of motivating employees and influencing their behavior to achieve organizational objectives?
- Answer: Leading
Question 2
Branding includes things like: (Select all that apply)
- Answer:
- Slogan
- Company Logo
- Company Employees
Question 3
Match the function of business with the correct description.
- Accounting - Measuring and summarizing business activities, interpreting financial information, and communicating the results to management and other decision makers.
- Finance - Helps to provide resources and planning for resources to help operate and expand the business.
- Operations and Production - Use company resources to efficiently produce goods and services that their customers want.
- Marketing - Identification of customers and potential customers, product promotion, selling and follow-up.
- Sales - Help the business identify potentially successful products and promote those products.
- Management - Seeks to reach organizational goals through planning, organizing, directing, and controlling.
Question 4
A company's mission statement focuses on the current objectives or the business while a vision statement focuses on what the business hopes to achieve in the future.
- Answer: True
Question 5
Strategy ___________________ involves three crucial activities: reviewing the internal and external factors affecting the implementation of the strategy, measuring performance, and taking corrective steps to make the strategy more effective.
- Answer: Evaluation
Question 6
When you represent a company's brand, you have to "walk the walk and talk the talk" not only in your professional life but also in your personal life.
- Answer: True
Question 7
Effective strategy ___________________ involves developing a solid structure, or framework, for implementing the strategy, maximizing the utilization of relevant resources, and redirecting marketing efforts in line with the strategy's goals and objectives.
- Answer: Implementation
Question 8
During which phase of management do managers establish organizational goals and create a course of action to achieve them?
- Answer: Planning
Question 9
In strategic _______________, a company will first assess its current situation by performing an internal and external audit. Managers will then decide on which plans or markets they should focus on or abandon, how to best allocate the company's resources, and whether to take actions.
- Answer: Formulation
Question 10
Put the steps of the business decision making process in order from first to last.
- Identify the Problem
- Gather Information
- Generate Alternatives
- Evaluate the Alternatives
- Reach a Decision
- Implement
- Evaluate Results
Question 11
What are the main reasons to set solid goals for your business? Select all that apply.
- Answer:
- motivate and inspire employees
- provide guidance and direction, making sure everyone is on the same page
- to help an organization evaluate and control performance
- facilitate planning
Question 12
What are the four basic functions of management?
- Answer: Planning, Organizing, Leading and Controlling
Question 13
How do organizational skills assist in productivity in the workforce?
- Answer: Organizational skills significantly enhance productivity in the workforce by allowing employees to effectively prioritize tasks and manage their time. When individuals are organized, they can complete assignments more efficiently and meet deadlines, reducing stress and increasing overall satisfaction. Furthermore, a well-organized work environment fosters collaboration and clear communication among team members, enabling them to work cohesively towards common goals.
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