FBLA Business Management and Leadership

Question 1

What are the four primary functions of management?

Accepted Answer

Plan, organize, lead, control

Answer

The four functions of management are planning, organizing, leading, and controlling — the POLC framework.

Question 2

What is 'span of control' in organizational management?

Accepted Answer

The number of employees a manager directly supervises

Answer

Span of control refers to how many subordinates a manager directly supervises, which affects organizational structure.

Question 3

Which leadership style involves making decisions without consulting team members?

Accepted Answer

Autocratic

Answer

An autocratic leader makes decisions unilaterally, maintaining strict control without seeking input from the team.

Question 4

What is 'delegation' in management?

Accepted Answer

Assigning responsibility and authority to subordinates to complete tasks

Answer

Delegation is the process of transferring tasks and decision-making authority from a manager to an employee.

Question 5

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

Accepted Answer

Setting specific, measurable goals agreed upon by managers and employees

Answer

MBO is a management strategy where managers and employees collaboratively set specific objectives and evaluate performance against them.

FBLA - Future Business Leaders of America Practice Test