Business management Exam
Questions With Verified Answers
\.Management (traditional) - Answer- Is the process of coordinating a business's resources to
achieve its goals.
\.Manager - Answer- Someone who coordinates the business's limited resources in order to
achieve specific goals.
\.Management (Contemporary) - Answer- The process of working with and through other
people to achieve business goals in a changing environment. Crucial to this process is the
effective and efficient use of limited resources.
\.Features of effective management. - Answer- Planning, Organising, Leading, Controlling
\.Interpersonal (People) Skills - Answer- Those skills needed to work and communicate with
other people and to understand their needs.
\.Communication - Answer- The exchange of information between people; the sending and
receiving of messages.
\.Nonverbal Communication - Answer- Any message that is not written or spoken.
\.Strategic Thinking - Answer- Allows a manager to see the business as a whole and to take
the broad, long-term view.
, \.Vision - Answer- The clear, shared sense of direction that allows people to attain a common
goal.
\.Leadership - Answer- Is the ability to influence people to set and achieve specific goals.
\.Problem Solving - Answer- A broad set of activities involved in searching for, identifying and
then implementing a course of action to correct and unworkable situation.
\.Decision Making - Answer- The process of identifying the options available and then
choosing a specific course of action to solve a specific problem.
\.Flexible - Answer- To being responsive to change and able to adjust to changing
circumstances.
\.Proactive - Answer- A management style that incorporates dynamic action and forward
planning to achieve particular objectives.
\.Triple bottom Line - Answer- Economic, Social and Environmental performance of a
business.
\.Stakeholder Engagement - Answer- Businesses sharing information with and seeking input
from stakeholders, and involving them decision making.
\.Goal - Answer- A desired outcome that an individual or business intends to achieve within a
certain time frame.
\.Benchmark - Answer- A standard by which something can be measured or judged.
Questions With Verified Answers
\.Management (traditional) - Answer- Is the process of coordinating a business's resources to
achieve its goals.
\.Manager - Answer- Someone who coordinates the business's limited resources in order to
achieve specific goals.
\.Management (Contemporary) - Answer- The process of working with and through other
people to achieve business goals in a changing environment. Crucial to this process is the
effective and efficient use of limited resources.
\.Features of effective management. - Answer- Planning, Organising, Leading, Controlling
\.Interpersonal (People) Skills - Answer- Those skills needed to work and communicate with
other people and to understand their needs.
\.Communication - Answer- The exchange of information between people; the sending and
receiving of messages.
\.Nonverbal Communication - Answer- Any message that is not written or spoken.
\.Strategic Thinking - Answer- Allows a manager to see the business as a whole and to take
the broad, long-term view.
, \.Vision - Answer- The clear, shared sense of direction that allows people to attain a common
goal.
\.Leadership - Answer- Is the ability to influence people to set and achieve specific goals.
\.Problem Solving - Answer- A broad set of activities involved in searching for, identifying and
then implementing a course of action to correct and unworkable situation.
\.Decision Making - Answer- The process of identifying the options available and then
choosing a specific course of action to solve a specific problem.
\.Flexible - Answer- To being responsive to change and able to adjust to changing
circumstances.
\.Proactive - Answer- A management style that incorporates dynamic action and forward
planning to achieve particular objectives.
\.Triple bottom Line - Answer- Economic, Social and Environmental performance of a
business.
\.Stakeholder Engagement - Answer- Businesses sharing information with and seeking input
from stakeholders, and involving them decision making.
\.Goal - Answer- A desired outcome that an individual or business intends to achieve within a
certain time frame.
\.Benchmark - Answer- A standard by which something can be measured or judged.
