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business
principles of management
Questions and Answers of
Principles Of Management
What is a need?
What are the characteristics of an economic entity?
What is the difference between a regional and supranational economy?
What is meant by the term globalization?
What is the subject matter of business administration?
How can the various areas within business administration be classified?
What are the key features of the normative and descriptive decision theory?
What is the difference between business administration and economics?
What are the most important neighboring disciplines of business administration and economics?
What are the most important methods used in discovery during the research process?
What is the purpose of modelling in business administration research?
What is the relationship between perceptions, thought processes and learning processes?
What are the differences between individual and collective needs?
What are examples of needs in local economies?
What is Maslow’s hierarchy of needs?
Which instruments in need research do you know?
What distinguishes private and public goods?
What are substitute and complementary goods?
What four methods exist for need fulfilment?
What is the core of the Theory of Public Tasks?
Which economic entities can carry out public tasks?
What is Gossen’s first law?
What is the difference between typical and atypical economic agents?
Give examples of typical and atypical economic agents.
What are the criteria for a typology of operational units?
What are the weaknesses of the classification of economic agents according to the criterion of market and state?
What are the four basic types of economic agent?
What characterizes the goals and financing of the four basic types?
What types of revenues of households can be distinguished?
How is the operating profit or loss calculated?
Define associations and give examples.
Describe how decisions on membership fees of associations are made?
What is the decision-making process in associations?
What are the public tasks of administrations based upon?
Identify different public charges.
How can hospitals be characterized as a mixed type of economic agent?
What are economic efficiency, efficiency and effectiveness?
How are profitability and economic efficiency connected?
What is the difference between outcomes and impacts?
What does the principle of solidarity say?
What is of the greatest importance in a market economy?
What is the principle of equivalence?
What is the relationship between economic and met economic rationality?
What themes does behavioral economics investigate?
What is the relationship between objective and means?
How can efficiency be defined and what different types of efficiency exist?
What are the principle of maximum result and the principle of minimum means?
How can effectiveness be measured?
What factors must be considered in order to draw conclusions about the effectiveness of measures?
What is the difference between effectiveness and efficiency related to each other?
What are the different goal types of economic entities?
Describe the “magic triangle”.
Which goals dominate the goal system of public administrations?
What are the components of a goal concept?
What is the function of a mission statement and what aspects should be considered in its development?
What sub-factors are included in the universal system of production factors?
What are assets?
What characterizes internal services?
Give examples of external services.
What is meant by licensing?
What costs can arise due to effects on nature and natural resources?
What are external diseconomies?
How can personnel requirements be determined?
What is meant by coverage rate?
What factors shape the organization of procurement?
What is the relationship described by the production function?
What are outcome and impact in the context of an efficiency analysis?
What are the different kinds of scale and when are they used?
Why are administrative prices useful?
Why is it important to operationalize?
What payment streams exist?
What does the golden financing rule say?
How is cash flow calculated?
What are the general forms of financing and what do each of them compromise?
How is a performance split conducted?
How are income statements structured?
What is the structure of a balance sheet?
What is the goal of creating a cost center plan?
What is the task of cost unit accounting?
What is an operating statement?
What is the difference between the direct costing-method and the method of relative direct costs?
What is the goal of the cost-benefit analysis?
How can the benefits of a project be analyzed if it cannot be measured in monetary terms?
Which accounting branches are part of the systematic arrangement of management accounting?
What is the eco-efficiency analysis?
What are the contents of outcome-impact-result statements?
What is a flow statement?
What is included in an outcome-impact-balance sheet?
What are external assets and liabilities?
Distinguish between expenditures and expenses.
What is the difference between revenues and income?
What is a ratio system and what does it include?
Why are ratios so popular?
How are the characteristics of static calculations? And dynamic calculations?
Describe how the profit comparison method works.
What is the prerequisite for the use of profitability calculations?
What conclusions can be drawn from payback calculations?
What conclusions can be drawn from a break-even calculation?
What are the two ways of calculating added value?
What is meant by capital value and what are the problems of the capital value method?
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