FBLA Business Management Test

Front

What does SWOT analysis stand for?

Back

Strengths, Weaknesses, Opportunities, Threats

Front

Which of the following is NOT a function of management? Planning, Organizing, Controlling, Promoting

Back

Promoting

Front

Which management style emphasizes decision-making by consensus and teamwork?

Back

Democratic

Front

What is the first step in the decision-making process?

Back

Identifying the problem

Front

Which of the following is NOT a characteristic of a successful manager? Flexibility, Leadership, Communication Skills

Back

Micromanaging

Front

Which financial statement shows a company's revenues and expenses over a period of time?

Back

Income Statement

Front

Which type of leadership involves setting clear goals and deadlines, but giving employees the freedom to complete tasks in their own way?

Back

Situational

Front

What does ROI stand for in business?

Back

Return on Investment

Front

Which type of organizational structure groups employees by function or specialty?

Back

Functional

Front

What is the process of converting raw materials or components into finished goods called?

Back

Production