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NOCTI GENERAL MANAGEMENT EXAM QUESTIONS WITH VERIFIED ANSWERS NEW MODIFIED GRADED A+

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Ace the NOCTI General Management exam with this comprehensive study guide featuring actual exam questions and verified answers. This updated 2024 resource covers all key topics, including strategic, tactical, and operational planning, SWOT analysis, financial management (budgets, cash flow, ratios), marketing mix, business structures (LLC, Corporation, Sole Proprietorship), leadership styles, ethics, and global business. Download now for a proven tool to master the material, identify key concepts, and pass your certification test with confidence.

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NOCTI GENERAL MANAGEMENT EXAM
QUESTIONS WITH VERIFIED ANSWERS
NEW MODIFIED GRADED A+


strategic planning --CORRECT ANSWER--the process of determining the
major goals of the organization and the policies and strategies for obtaining and
using resources to achieve those goals



tactical planning --CORRECT ANSWER--the process of developing detailed,
short term statements about what is to be done, who is to do it, and how it is to
be done



operational planning --CORRECT ANSWER--the process of setting work
standards and schedules necessary to implement the company's tactical
objectives



contingency planning --CORRECT ANSWER--the process of preparing
alternative courses of action that may be used if the primary plans don't achieve
the organizations objectives



decision making --CORRECT ANSWER--choosing among two or more
alternatives




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,problem solving --CORRECT ANSWER--the process of solving the everyday
problems that occur. problem solving is less formal than decision making and
usually calls for quicker action



brainstorming --CORRECT ANSWER--coming up with as many solutions to a
problem as possible in a short period of time with no censoring of ideas



PMI --CORRECT ANSWER--PMI = Pluses, Minuses, Implications; listing all
the pluses for a solution in one column, all the minuses in another, and the
implications in a third column



organization chart --CORRECT ANSWER--a visual device that shows
relationships among people and divides the organizatins work; it shows who is
accountable for the completion of specific work and who reports to whom



top management --CORRECT ANSWER--highest level of management,
consisting of the president and other key company executives who develop
strategic plans



middle management --CORRECT ANSWER--the level of management that
includes general managers, dividsion managers, and branch and plant managers
who are responsible for tactical planning and controlling



supervisory management --CORRECT ANSWER--managers who are directly
responsible for supervising workers and evaluating their daily performance

Page 2 of 71

,management --CORRECT ANSWER--the process used to accomplish
organizational goals through planning, organizing, leading, and controlling
people and other organizational resources



planning --CORRECT ANSWER--a management function that includes
anticipating trends and determining the best strategies and tactics to achieve
organizational goals and objectives



organizing --CORRECT ANSWER--a management function that includes
designing the structure of the organization and creating conditions and systems
in which everyone and everything work together to achieve the organizations
goals and objectives



leading --CORRECT ANSWER--creating a vision for the organization and
guiding, training, coaching, and motivating others to work effectively to achieve
the organizations goals and objectives



controlling --CORRECT ANSWER--a management function that involves
establishing clear standards to determine whether or not an organization is
progressing toward its goals and objectives, rewarding people for doing a good
job, and taking corrective action if they are not



vision --CORRECT ANSWER--an encompassing explanation of why the
organization exists and where it's trying to head

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, mission statement --CORRECT ANSWER--an outline of the fundamental
purpose of an organization



goals --CORRECT ANSWER--the broad, long term accomplishments an
organization wishes to attain



objectives --CORRECT ANSWER--specific, short term statements detailing
how to achieve the organizations goals



SWOT analysis --CORRECT ANSWER--SWOT = Strengths, Weaknesses,
Opportunities and Threats; a planning tool used to analyze an organizations
strengths, weakness, opportunities and threats




What are technical skills --CORRECT ANSWER--skills that involve the ability
to perform tasks in a specific discipline or department



human relations skills --CORRECT ANSWER--skills that involve
communication and motivation; they enable managers to work through and with
people




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