Business acumen exam Study guides, Class notes & Summaries

BUSINESS ACUMEN CERTIFICATION EXAM QUESTIONS WITH CORRECT ANSWERS!!

BUSINESS ACUMEN CERTIFICATION EXAM

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? - ANSWER Evaluating results What is the result of a company increasing the delegation of authority and the span of control? - ANSWER Increased number of direct reports per manager Which two key elements does an effective organization include? - ANSWER Human interaction, structure

balanced budget situation in which total revenues raised by taxes equal the total proposed spending for the year. budget organization's plan for how it will raise and spend money during a given period of time. taxes, fees, and borrowing. The primary sources of government funds to cover the costs of the annual budget are budget deficit situation in which the government spends more than the amount of money it raises through taxes.

What is Management? ANSWER: Management is the process of achieving Organizational objectives through people and other resources. The Manager's job is to combine Human and Technical resources in the best way possible to achieve the company's goals. How do the jobs of top managers, middle managers, and supervisory managers differ? ANSWER: Top managers design long term plans, set a direction for their organization and inspire all employees to achieve the company's vision. Middle man...

What is Management? - ANSWER Management is the process of achieving Organizational objectives through people and other resources. The Manager's job is to combine Human and Technical resources in the best way possible to achieve the company's goals. How do the jobs of top managers, middle managers, and supervisory managers differ? - ANSWER Top managers design long term plans, set a direction for their organization and inspire all employees to achieve the company's vision. Middle managers ...

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? - ANSWER Evaluating results What is the result of a company increasing the delegation of authority and the span of control? - ANSWER Increased number of direct reports per manager Which two key elements does an effective organization include? - ANSWER Human interaction, structure Why does a line organizational structure function most ef...