Business Management Quiz
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Questions and Answers

What is the most significant measure of success in a competitive environment?

  • Customer satisfaction ratings (correct)
  • Total market share
  • Profit margin
  • Innovation rate
  • Which factor is least likely to influence employee productivity?

  • Workplace environment
  • Management style
  • Company profits
  • Extracurricular activities (correct)
  • In terms of strategic planning, which of the following is generally considered a short-term objective?

  • Expanding to international markets
  • Establishing a company culture
  • Increasing quarterly sales (correct)
  • Building brand loyalty
  • Which of the following describes a key advantage of a diverse workforce?

    <p>Enhanced creativity and innovation</p> Signup and view all the answers

    What is typically seen as the disadvantage of centralized decision-making?

    <p>Slower decision processes</p> Signup and view all the answers

    Study Notes

    Domain 6 - Environmental Management

    • Environmental hazards have increased over the years due to accidents globally.
    • Bhopal, India, and Institute, West Virginia, accidents raised public concern over chemical releases.
    • EPA established the Chemical Emergency Preparedness Program (CEPP) in 1985.
    • CEPP supports local and state efforts for planning potential emergencies.
    • Emergency Planning and Community Right-to-Know Act (EPCRA) of 1986, also known as Title III of SARA.

    Topic 1 - Environmental Hazards

    • Disaster Preparedness
    • SARA Title III requires states to create state emergency response commissions (SERCs) and local emergency planning committees (LEPCs) to develop local emergency response plans.
    • Facilities must notify LEPCs and SERCs if a chemical release exceeds the minimum reportable quantity.
    • EPCRA (Section 304, 40 CFR 355) mandates reporting of:
      • Extremely hazardous substances (EHSs)
      • Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) hazardous substances
    • Emergency Notifications must include:
      • Chemical name
      • Indication if extremely hazardous
      • Estimated quantity released
      • Release time and duration
      • Media of release (air, water, or soil)
      • Health risks (acute and chronic)
      • Contact information (name and phone number)

    Topic 1: Environmental Hazards

    • Oil-Spill Prevention and Preparedness
    • EPA has a program to prevent, prepare for, and respond to any oil spill in U.S. inland waters.
    • The Spill Prevention, Control, and Countermeasure (SPCC) rule (40 CFR 112).
    • SPCC rules require facilities to have spill prevention, control, and countermeasure (SPCC) plans.
    • SPCC plans prevent oil from reaching navigable waters by planning and enforcement.
    • Oil Pollution Act of 1990 provides facility operators with incentives to prevent oil spills.
    • Oil spill contingency plan is required if secondary containment isn't possible.
    • Facilities must provide information.

    Domain 6 - Environmental Management

    • EPA Review of Emergency Preparedness Systems
    • Nationwide Survey of Local Emergency Planning Committees (LEPCs) conducted in 2008
    • Goals of 2008 survey were to track progress of LEPCs, understand current LEPC preferences, and assess effectiveness of OEM products and services.
    • Chemical Accident Prevention Program in 1986 (integrated with CEPP).
    • Accidental Release Information Program (ARIP) and Chemical Safety Audit Program aid in accident prevention.
    • EPA reviews emergency systems, detects, and prevents chemical accidents across the U.S. from April 2008.

    Miscellaneous

    • Oil Spill – April 20, 2010, BP explosion and oil spill.
    • Largest U.S. oil spill, exceeding the Exxon Valdez incident.
    • EPA's 2008 report on the progress of LEPCs.

    Topic 1: Environmental Hazards

    • Federal Emergency Management Agency (FEMA).
    • Created in 1979 to coordinate response to major disasters (e.g., hurricanes, floods, earthquakes).
    • Now part of the Department of Homeland Security, focused on preparedness, response, and recovery.
    • FEMA's role is to protect people and the environment during disasters.
    • FEMA provides guidance on environmental requirements.
    • FEMA collaborates with local, state, and federal partners on environmental issues during disaster recovery.

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    Description

    Test your knowledge on key concepts of business management including employee productivity, strategic planning, and workforce diversity. Answer questions that explore the significant measures of success in competitive environments and the impact of decision-making structures. This quiz is essential for aspiring managers and business students.

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