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Business Management Principles
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1
Question
List and explain three benefits of planning in business.
Answer
Sets clear goals, improves resource allocation, enhances decision-making
2
Question
What is the difference between intrinsic and extrinsic motivation?
Answer
Intrinsic: driven by internal rewards; Extrinsic: driven by external rewards
3
Question
Give two examples of ethical business practices.
Answer
Honest advertising, fair employee treatment
4
Question
What does 'there is no one leadership style' mean?
Answer
Effective leadership requires adaptability to situations and followers
5
Question
How can leadership and motivation theories be applied to solve workplace problems?
Answer
By analyzing situation factors and selecting appropriate theories to guide actions
6
Question
Choose a management style and justify your choice.
Answer
Transformational; it fosters innovation and motivated teams
7
Question
Reflect on your learning and personal growth in management skills.
Answer
Improved communication, strategic thinking, and adaptability
8
Question
As a manager with disengaged employees, what leadership style would you use?
Answer
Participative (democratic) style to involve employees in decision-making
9
Question
Which motivational theory best applies to increasing employee engagement?
Answer
Maslow's Hierarchy of Needs, addressing unmet needs for growth and esteem
10
Question
How would you improve turnover in a team with disengagement issues?
Answer
Enhance recognition, provide development opportunities, and involve employees in goal setting
11
Question
Choose two units and explain how their concepts apply to your personal or professional life.
Answer
Leadership (unit 1): applying to team projects; Motivation (unit 2): maintaining self-discipline and goal focus.