Business Management Exam - Waseem Home Study

1. What is your name?

This name will be used on your certificate.

2. What is your primary language?

This language will be used for your certificate.

3. Which of these is NOT considered a key area of business management?

(Select 1 correct answer).

Operations Management

Strategic Management

Marketing Management

Human Resource Management

Entrepreneurship

Financial Management

Political Science

4. Which of these is considered important qualities of a business manager?

(Select 1 correct answer).

Personal Wealth

Intimidating Presence

Physical Strength

Adaptability

5. Which of these skills allows a manager to “Inspire and motivate teams to achieve organizational goals”?

(Select 1 correct answer).

Problem-Solving

Financial-Literacy

Leadership

Negotiation

6. Which business management theory “focuses on how businesses can gain a competitive advantage through cost leadership, differentiation, and focus strategies”?

(Select 1 correct answer).

Scientific Management (Frederick Taylor)

Porter’s Competitive Strategy

Theory of Bureaucracy (Max Weber)

Maslow’s Hierarchy of Needs

7. What is an example of a main challenges associated with entering a foreign market?

(Select 1 correct answer).

Media Attention

Culinary Differences

Cultural Differences

8. Which of the following social and ethical issues affecting businesses is described as “Managers must ensure that decisions are made with integrity, fairness, and in consideration of all stakeholders’ well-being”?

(Select 1 correct answer).

Ethical Decision Making

Corporate Social Responsibility

Sustainability