Business Management Final Exam Review Spring 2011

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20 Νοε 2013 (πριν από 3 χρόνια και 8 μήνες)

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Business Management


Final Exam Review


Spring 2011


The exam will include chapters 6, 8, 10, 11, 12, and 16. The following will be on the final
and will be short answer questions, make sure you are able to support your answers with
facts and examples.


Ch
apter 6:



The concepts of scarcity and opportunity cost



Contraction and expansion of the business cycle, be able to draw diagram of
business cycle


Chapter 8:



Explain the difference between intuitive and rational decision making



Describe the advantages and
disadvantages of group decision making



What are the different ways managers go about making decisions



How do managers make creative and effective decisions (brainwriting,
brainstorming etc..)


Chapter 10:



The differences between strategic and operational p
lanning



The differences among missions, goals, policies, procedures, and rules



SWOT Analysis


Chapter 11:



Role of an operations manager



Difference between continuous flow and intermittent flow operating system, give
an example of each



Factors in choosing a

site for a facility (page 259)



3 Kind of facility layouts


Chapter 12:



How do businesses prevent their workers from losing interest in their jobs



Why do managers delegate authority? Why do they choose not to?


Chapter 16:



The difference between power and
authority



Describe 3 styles of leadership



Identify leadership skills necessary for effective management



There will be an essay question reflecting on working in the school store.