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CEV70070 - Business Concepts Quiz #3

True/False
Indicate whether the statement is true or false.
 

 1. 

Today, less businesses pay attention to consumer comments and complaints and they realize consumers don’t have much influence on how they run a business.
 

 2. 

Managers need strong leadership skills to effectively lead their employees and departments.
 

 3. 

If you want to start a business, unless it is going to be really large, a business plan is unnecessary and a waste of your time and energy.
 

Multiple Choice
Identify the choice that best completes the statement or answers the question.
 

 4. 

Which of the following is NOT considered a main management function?
a.
Planning
b.
Organizing
c.
Controlling
d.
Counseling
 

Multiple Response
Identify one or more choices that best complete the statement or answer the question.
 

 5. 

A business plan is made up of which 3 components listed below?
 a.
Business Description and Analysis
 d.
Financial Plan
 b.
Consumerism Plan
 e.
Social Activities Plan
 c.
Organization and Marketing Plan
 f.
Business Meeting Plan
 

Completion
Complete each statement.
 

 6. 

There are many types of social responsibilities that businesses need to be aware of. One of these is Consumerism. President _________________________ put for the Consumer Bill of Rights during his term to protect consumers.
 

 

 7. 

There are two basic management structures used by most businesses. Most are either organized __________________________ (which is the traditional method) or Horizontally (which is rather new and can be complex).
 

 

 8. 

The type of business structure that involves self-management teams who set their own goals and make their own decisions is known as ______________________________ management.
 

 

 9. 

Self-Managing teams work heavily with the sense of _________________________ - encouraging each other to contribute to and take responsibility for the management process.
 

 

 10. 

One Management Function is known as __________________________, which involves setting standards, evaluation of these standards and solving any problems revealed by the evaluation.
 

 



 
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