BML MidTerm 6: Question Preview (ID: 8051)


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Which of these do you not need information on to start a business?
a) competitors b) government regulations c) masters degrees in business administration d) customers
The first step in developing a business plan, after having the business idea in mind, is
a) identifying alternative plans for production and marketing b) gathering and reviewing information c) writing the introductory section d) having the plan reviewed by an expert
The last step in developing the business plan, before implementing it, is
a) identifying alternative plans for production and marketing b) gathering and reviewing information c) writing the conclusory section d) having the plan reviewed by an expert
Short-term financing is defined as being used for less than
a) one month b) three months c) six months d) one year
Which management function involves identifying and arranging work and resources needed to achieve the goals that have been set?
a) organizing b) planning c) implementing d) controlling
Organizing involves
a) analyzing information, setting goals, and making decisions about what needs to be done b) determining to what extent goals are being reached c) identifying and arranging work and resources needed to achieve the goals that have been set d) directing and leading people to accomplish planned work
Which of the following is most likely an executive level job?
a) customer service manager b) supervisor of human resources c) chief operating officer d) marketing manager
Which of these is most likely a mid-management job?
a) vice president of human resources b) chief executive officer c) shift supervisor d) customer service representative
Executives spend most of their time on
a) planning and organizing b) planning and controlling c) staffing, implementing and controlling d) organizing and implementing
The way a manager treats and involves employees is his/her
a) hairstyle b) influence c) management style d) leadership style
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