Mini-Quiz: Managing a Business Effectively

1. What are some functions of the owner of a one-person business?

   Making long-run objectives, short-term decisions and then doing the workThat is correct. You know how manage a business. Delegating as much as he can to workersGood try, but not right. Select another answer. Organizing and then letting things run themselvesSorry, not correct. Try another button.

2. Why should a manager have technical skills on how a product is made?

   Often, if someone is sick, the manager must go on the assembly lineOops! Wrong answer. Re-read the question and try again. The manager needs to be able to give intelligent decisionsCorrect. You are improving! It is only necessary if the manager does not have an MBASorry, not correct. Try another button.

3. What is the best way to manage a long-term project?

   Set a long-term goal and try to finish as fast as possibleOops! Wrong answer. Re-read the question and try again. Set short-term goals to steadily complete the projectThat is correct. You know how manage a business. Extend the schedule as long as you canGood try, but not right. Select another answer.

Pick an answer to see instant feedback. Re-read the lesson if you miss one.