Вопросы к экзамену.

Вопрос

Ответ

1)What can you say about management in general?

Management is based on scientific theories and today we can say that it is a developing

2) What can you say about management as a process?

Management – is a process of coordinating the resources of an organization to achieve the organizational goals.

3) What main resources a manager concerned with?

Managers are concerned with four types of resources: material, financial, human and informational.

4) What are the levels of management?

Three levels of management: top, middle and first-line management.

5) What are the common areas of management?

The common areas of management are human resources, financial resources.

6) What is a marketing manager responsible for?

A marketing manager

7) What does an administration manager coordinate?

An administrative manager is coordinate the activities of specialized managers in all management areas.

8) What is financial plan?

Financial plan – is a plan for oblaining and using the money, needed to implement an organization goals.

9) list the three steps involved in financial planning

1) Establishing organization goals and objectives.

2) Budgeting for financial needs.

3) identifying sources of funds.

10) State the meaning of the word “Budget”.

A budget is a financial ststment that progect income and/or expenditures over a special future perion of time.

11)What is the difference

In the traditional approach, each new budget is based on the budget for the preceding year, but zero-line budgeting is approach in which every expense must be justified in every budget.

12) What is short term financing?

Short-term financing is money that will be used for one year or less and then repaid.

13) What can cause a cash flow problem?

Unanticipated expenses may also cause a cash flow problem.

14) What is long term financing?

Long term financing is money that will be used for longer period than one year.

15) What is unsecured financing?

Unsecured financing is financing for which collateral is not required.

16) What are the sources of unsecured short-term financing?

Sources of unsecured short term financing include trade credits, promissory notes, bank loans, commercial papers, and commercial drafts.

17) What is accounting? Give a short definition.

Accounting is a process of systematically collecting, analyzing and reporting financial information.

18) What is the basis for accounting process?

The basis for the accounting process is the accounting equation.

19) What is a balance sheet? Give a short definition.

A balance sheet or statement of financial position is a summary of a firms assets, liabilities and owners’ equity accounts at a particular time.

20) What is an income statement?

An income statement is a summary of a firms revenues and expenses during a specified accounting period.

21) What does operations management consist of?

Operations management consist of all the activities that manager engage in to create product

22) List the steps of operational planning:

1) Select the appropriate planning horizon

2) estimating market demand

3) comparing demand and capacity

4) adjusting output to demand

23) List the major areas of operation control.

Purchasing, inventory, control, scheduling and quality control.

24) What does a market consist of?

A market consist of people with their needs, the ability to buy and the desire and ability to sell.

25) List the ingredients of the marketing mix.

The product and pricing, dictribution