Business Management and Leadership Flashcards
6 cards from real FBLA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Business Management and Leadership flashcards as text
What is 'transformational leadership'?
Answer: Inspiring and motivating followers to exceed expectations through vision and change
Transformational leaders inspire change by creating a compelling vision, motivating followers, and fostering innovation beyond routine management.
What is 'Maslow's Hierarchy of Needs' in a management context?
Answer: A motivational theory ranking human needs from basic survival to self-actualization
Maslow's hierarchy suggests that employees are motivated by progressively higher needs, from physiological to self-actualization, once lower needs are met.
What is 'supply chain management'?
Answer: Overseeing the flow of goods from raw materials to the final customer
Supply chain management coordinates the sourcing, production, and delivery of goods from suppliers to end consumers as efficiently as possible.
What does a 'flat organizational structure' indicate?
Answer: Few management layers with a wide span of control
A flat structure has few hierarchical levels, meaning managers oversee many employees and decisions can be made quickly.
Which conflict resolution strategy seeks a solution that satisfies all parties involved?
Answer: Collaboration (win-win)
Collaboration, or the win-win approach, seeks a mutually beneficial resolution by addressing the needs and concerns of all parties.
What is 'strategic planning' in business management?
Answer: A long-term process of defining an organization's direction and allocating resources to achieve goals
Strategic planning involves setting long-term goals and determining the best approaches and resource allocations to achieve organizational objectives.