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LEAN BUSINESS 2100 MANAGEMENT PROGRAM
BUSINESS IQ TEST

Please Select Only One Most Accurate Answer To Each Of The 20 Questions Below.

No Questions And Answers Your Answer
1.0 What Are The Four Most Important Management Functions?  

1.1

Analyzing, formulating, planning, and communicating.

1.2

Developing, planning, monitoring, and controlling.

1.3

Recruiting, planning, communicating, and controlling.

1.4

Planning, organizing, leading, and controlling.

2.0 What Are The Main Approaches To Business Management?  

2.1

The planning approach, the communication approach, the performance approach, and the financial approach.

2.2

The development approach, the systems approach, the planning approach, and the operations approach.

2.3

The process approach, the behavioral approach, the systems approach, and the contingency approach.

2.4

The evaluation approach, the process approach, the planning approach, and the performance approach.

3.0 What Are The Five Main Areas Of Activities, Covered By The Lean Business Engineering Method?  

3.1

General planning, human resources evaluation, financial control, operations control, marketing planning.

3.2

Human resources administration, operations control, financial planning, marketing analysis, and sales planning.

3.3

General management, human resources management, financial management, operations management, marketing and sales management.

3.4

General planning, human resources control, financial management, operations planning, and marketing and sales control.

4.0 What Are The Four Main Pillars Of Lean Management And TPS?  

4.1

Just-in-time, kaizen, total productive maintenance (TPM), and kanban.

4.2

Total productive maintenance (TPM), jidoka (automation), just-in-time, and kaizen.

4.3

Kaizen, just-in-time, kanban, and gemba.

4.4

Kaizen, just-in-time, hansei, and hoshin kanri.

5.0 What Are The Steps In The Decision-Making Process?  

5.1

Analyze the existing situation, define the problem, develop alternative solutions, select the most suitable solution, implement the decision, and evaluate results.

5.2

Analyze the existing situation, monitor potential problems, develop alternative solutions, measure the performance, implement the decision, and evaluate results.

5.3

Analyze the problem, identify optional solutions, select the most suitable solution, implement the most suitable solution, and measure results.

5.4

Define the problem, analyze the situation, select the most suitable solution, evaluate results, implement the decision, and repeat the process.

6.0 What Are The Five Main Types Of The External Business Environment?  

6.1

Economic, social, operational, global, and technological.

6.2

Economic, social, competitive, global, and technological.

6.3

Social, competitive, global, financial, and technological.

6.4

Social, business, global, financial, and technological.

7.0 What Are The Elements Of The Planning Process?  

7.1

Short-term strategic plans and long-term operational plans.

7.2

Operational plans are short-term plans and strategic plans are long-term plans.

7.3

Both strategic and operational plans can be short-term and long-term plans.

7.4

Strategic plans don't apply to small businesses.

8.0 What Are The Four Basic Strategic Planning Options?  

8.1

Immediate growth, slow expansion, long-term growth, short-term consolidation.

8.2

Controlled growth, immediate expansion, slow retrenchment, consolidation.

8.3

Long-term consolidation, retrenchment, slow-term expansion, combination strategy.

8.4

Limited growth, expansion, retrenchment, combination strategy.

9.0 What Are The Four Supporting Elements Of Strategic Planning?  

9.1

Policies, procedures, communication, and control.

9.2

Tactics, policies, procedures, and rules.

9.3

Operations, communication, analysis, and solutions.

9.4

Analysis, tactics, planning, and policies.

10.0 What Is Essential For Management By Objectives (MBO) Implementation?  

10.1

Setting of objectives by employees.

10.2

Annual review of MBO results.

10.3

Commitment of senior managers to the MBO process.

10.4

Commitment of employees to the MBO process.

11.0 What Is The Time Range Of Operational Plans?  

11.1

One day, or one month.

11.2

One day, one month, or two months.

11.3

Any time range during a twelve months period.

11.4

Unlimited time range.

12.0 What Are The Elements Of The Plan Of Management?  

12.1

Strategic objectives, opportunities and threats, strategic plan, and operational plan.

12.2

Mission statement, strategic objectives, administration plan, and communication plan.

12.3

Situational analysis, supporting plans, financial plan, and controlling plan.

12.4

Strategic plan, communication plan, controlling plan, financial plan.

13.0 What Are The Elements Of The Organizational Structure?  

13.1

Control of communication, centralization of activities, specialization of operations, and size of the operational unit.

13.2

Communication of orders, specialization of activities, centralization of decision-making, and size of the management team.

13.3

Specialization of activities, coordination of activities, centralization of the decision-making, and size of the work unit.

13.4

Specialization of activities, centralization of control, coordination of communication, and size of the work activities.

14.0

What Are The Types Of Organizational Departmentalization?

 

14.1

Departmentalization by methods, by management team, by function, and by operations.

14.2

Departmentalization by activities, by function, by sections, and by customer.

14.3

Departmentalization by function, by activities, by service, and by methods.

14.4

Departmentalization by function, by product, by customer, and by territory.

15.0 What Are The Two Important Principles Related To A Management Structure Development Process?  

15.1

The Unity of Control Principle and the Fiedler Principle.

15.2

The Unity of Command Principle and the Scalar Principle.

15.3

The Unity of Communication Principle and the Franklin Principle.

15.4

The Unity of Supervision Principle and the Scoler Principle.

16.0 What Are The Six Phases Of A Company's Growth?  

16.1

1 - Development; 2- Evaluation; 3 - Planning; 4 - Leading; 5 - Delegation; 6 - Coordination.

16.2

1 - Analysis; 2 -Planning; 3 - Delegation; 4 - Managing; 5 -Communication; 6 - Control.

16.3

1- Creativity; 2 - Direction; 3 -Delegation; 4 - Coordination; 5 -Collaboration; 6 - Alliance.

16.4

1 - Creativity; 2 - Planning; 3 - Coordination; 4 - Control; 5 - Delegation; 6 -Communication.

17.0 What Are The Two Basic Leadership Styles?  

17.1

Task-oriented style and control-oriented style.

17.2

Communication-oriented style and management-oriented style.

17.3

Employee-oriented style and control-oriented style.

17.4

Task-oriented style and employee-oriented style.

18.0 What Are The Three Basic Types Of Communication In A Company?  

18.1

Lateral, company-wide, and personal.

18.2

Vertical, personal, and horizontal.

18.3

Vertical, horizontal, and company-wide.

18.4

Vertical, horizontal, and diagonal.

19.0 What Are The Three Types Of Management Control?  

19.1

Straight-forward, concurrent, and feedback.

19.2

Straight-forward, concurrent, and management.

19.3

Feed-forward, concurrent, and feedback.

19.4

Feed-forward, management, and feedback.

20.0 What Factors Influence Managerial Ethics?  

20.1

Company culture, industry codes, personal characteristics, and profitability.

20.2

Government regulations, company culture, personal characteristics, and industry codes.

20.3

Personal characteristics, company culture, industry codes, and cost-effectiveness.

20.4

Industry codes, government regulations, company culture, and volume of sales.

 

YOUR BUSINESS IQ TEST RESULT

Result:
 
0-20% 21% - 40% 41% - 60% 61% - 80% 81% - 100%
Very Poor
Potential
Poor
Potential
Fair
Potential
Good
Potential
Very Good
Potential
 
FINAL QUESTION

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LESSON FOR TODAY:
You Only Know What You Know,
But You Don’t Know What You Don’t Know!