FBLA Business Management and Leadership 1

Question 1

What are the four primary functions of management?

Accepted Answer

Plan, organize, lead, control

Answer

Hire, train, evaluate, terminate

Answer

Budget, market, sell, deliver

Answer

Research, develop, produce, distribute

Question 2

What is 'span of control' in organizational management?

Accepted Answer

The number of employees a manager directly supervises

Answer

The budget a manager oversees

Answer

The geographic area a manager is responsible for

Answer

The range of products a manager handles

Question 3

Which leadership style involves making decisions without consulting team members?

Accepted Answer

Autocratic

Answer

Democratic

Answer

Laissez-faire

Answer

Transformational

Question 4

What is 'delegation' in management?

Accepted Answer

Assigning responsibility and authority to subordinates to complete tasks

Answer

Firing an underperforming employee

Answer

Attending a conference on behalf of a company

Answer

Approving a department's annual budget

Question 5

What does 'MBO' (Management by Objectives) emphasize?

Accepted Answer

Setting specific, measurable goals agreed upon by managers and employees

Answer

Micromanaging employee activities

Answer

Focusing on cost reduction above all else

Answer

Rewarding seniority over performance

Question 6

What is 'organizational culture'?

Accepted Answer

The shared values, beliefs, and behaviors that define how a company operates

Answer

The diversity of a company's workforce

Answer

The physical layout of a company's office

Answer

A company's holiday celebration traditions only