Quiz 1

Question 1

Creating goods and services

Answer 1

Production/Manufacturing

Question 2

Promoting and selling products or services.

Answer 2

Sales and Marketing

Question 3

Managing financial transactions and records.

Answer 3

Finance and Accounting

Question 4

Recruiting, training, and managing personnel.

Answer 4

Human Resources

Question 5

Innovating and improving products/services.

Answer 5

Research and Development

Question 6

Addressing customer inquiries and issues.

Answer 6

Customer Service

Question 7

Managing the flow of goods and services.
Information Technology: Handling

Answer 7

Supply Chain Management

Question 8

Handling technology infrastructure and systems

Answer 8

Information Technology

Question 9

An M’s of management where it refers to the workforce or personnel within an organization

Answer 9

Manpower

Question 10

An M’s of management where it involves the resources and raw materials needed for production.

Answer 10

Materials

Question 11

An M’s of management where it encompasses the tools, equipment, and technology used in operations.

Answer 11

Machine

Question 12

An M’s of management where it refers to the processes and procedures employed to achieve goals.

Answer 12

Methods

Question 13

An M’s of management where it involves the financial resources required for various business activities

Answer 13

Money

Question 14

What are the functions of management?

Answer 14

1. Planning
2. Directing
3. Organizing
4. Controlling

Question 15

Involves setting goals, defining strategies, and outlining tasks to achieve objectives efficiently. It’s essentially the process of deciding what needs to be done and how to do it.

Answer 15

Planning

Question 16

Focuses on arranging resources, tasks, and people to implement the plans effectively. This includes establishing roles, responsibilities, and relationships within the organization

Answer 16

Organizing

Question 17

Involves motivating, guiding, and influencing individuals or teams to achieve organizational goals. It includes communication, motivation, and leadership.

Answer 17

Directing

Question 18

Encompasses monitoring, evaluating, and adjusting activities to ensure that the organization is moving toward its goals. This involves measuring performance, comparing it with objectives, and taking corrective actions as needed

Answer 18

Controlling

Question 19

What are the main functions of an organization?

Answer 19

1. Production
2. Sales and marketing
3. Finance and accounting
4. Research and development
5. Customer Service
6. Human Resources
7. Information Technology

Question 20

What are the 5 M’s of Management?

Answer 20

1. Manpower
2. Money
3. Machine
4. Methods
5. Materials