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 are the four primary functions of management?
Answer: Plan, organize, lead, control
The four functions of management are planning, organizing, leading, and controlling — the POLC framework.
What is 'span of control' in organizational management?
Answer: The number of employees a manager directly supervises
Span of control refers to how many subordinates a manager directly supervises, which affects organizational structure.
Which leadership style involves making decisions without consulting team members?
Answer: Autocratic
An autocratic leader makes decisions unilaterally, maintaining strict control without seeking input from the team.
What is 'delegation' in management?
Answer: Assigning responsibility and authority to subordinates to complete tasks
Delegation is the process of transferring tasks and decision-making authority from a manager to an employee.
What does 'MBO' (Management by Objectives) emphasize?
Answer: Setting specific, measurable goals agreed upon by managers and employees
MBO is a management strategy where managers and employees collaboratively set specific objectives and evaluate performance against them.
What is 'organizational culture'?
Answer: The shared values, beliefs, and behaviors that define how a company operates
Organizational culture encompasses the shared norms, values, and behaviors that shape how employees interact and make decisions.