Business Administration

1. How do you deal with busy and stressful business periods?

Gender: male. Age: 18. Job: student. Javier morales.
Look for candidates that highlight tried and tested stress management techniques.
Candidates should also touch on the importance of staying organized and
employing effective time-management techniques.
2. What is the key to drafting and working with a successful budget?
Gender: female. Age: 35. Job: teacher. Nancy Sanchez.
Look for candidates that demonstrate a talent for numbers and can prioritize
business activities.
3. What challenges or difficulties do you often find with budgeting?
Gender: female. Age: 22. Job: student. Paula Prieto.
Look for candidates that acknowledge their challenges. Candidates that appear to
be over-selling their abilities could land the business in financial trouble.
4. Tell me about a time when you had a difficult situation with a supplier. How did
you resolve the issue?
Gender: male. Age: 40. Job: teacher. Humberto Acevedo.
Look for candidates that demonstrate problem-solving and conflict resolution skills.
Applicants should also demonstrate good negotiating skills.
5. What office software, computer applications, and business technology are you
proficient in?
Gender: male. Age: 43. Job: security guard. David Duran.
Look for candidates that stay up to date with technological advancements and
have used a range of apps and software. Also, applicants should be comfortable
learning and introducing new technology to the role.
6. What are the roles played by a business administrator?
Gender: female. Age: 37. Job: teacher. Diana Martinez.
Business Administrator is someone who handles all the financial management of a
business. His specific role varies from one company to another.
A business administrator understands the business operations and processes. His
roles may involve accounting, finance, marketing, economics, statistics, human
resources, and decision-making. In small organizations, business administrator
manages administrative support services but in large organizations there are
several levels of managers who specialize in different areas from human resources
to facilities management.
7. What is the difference between administration and management?
Gender: male. Age: 21. Job: student. Brayan Escobar.
Management and administration are two different words but mean almost the same
apart from some slight differences.
- 'Administration' deals with the setting up of objectives and crucial policies for
every organization, whereas 'management' is the act of putting the policies and
plans decided upon by the administration into practice.
- Administration is a decision-making body, while management executes those
decisions made by the administration.
- Administration works in the top level, whereas management operates in the
middle level.
8. How does business contribute to economic development?
Gender: female. Age: 21. Job: student. Manuela Cruz.
Economic growth is measured through the changes in the gross domestic product
of a country over a year. Growth of the economy is related to business as business
involves money. Real economic development can be seen from the major
improvements in living standards, expansion of the existing market and the
opening of new ones. Therefore, when a business enterprise is setting objectives
and planning strategies for the future, economic growth is an important aspect to
consider.
9. Is management a profession? Give reasons.
Gender: female. Age: 34. Job: security guard. Isabel Guevara.
Yes, management is considered a profession as it has the following features:
Well defined body of knowledge: In management there is a systematic body of
knowledge which is an important feature of any profession.
- Restricted Entry: You can enter any profession through an examination or degree.
In case of management too companies prefer to appoint candidates only with an
MBA degree.
- Presence of professional associations: In every profession you need to get
registered to special associations that are established for that particular profession
and very soon it will be mandatory for management also.
- Existence of ethical codes: For every profession there is a set of ethics fixed by
professional organizations which is to be followed by all the employees and
employers of that profession. In case of management there is a growing emphasis
on the ethical behavior of managers.
10. What do you understand by SWOT analysis?
Gender: male. Age: 25 Job: student. Diego manrrique.
SWOT stands for 'Strengths, Weaknesses, Opportunities and Threats'. This is a
method to analyze the environment and the company's standing in it.
SWOT consists of two parts. The strengths and weaknesses refer to the internal
environment of a company while the opportunities and threats are related to the
external environment.
Internal problems and issues are constantly dealt with. But external factors such as
opportunities and threats are not in a company's control.
11. How will you create flexibility in an organization?
Gender: male. Age: 52. Job: teacher. Pedro Ortiz.
In order to create flexibility in any organization you need to analyze some areas
that are mentioned below.
- Different kinds of problems - You need to categorize the kinds of problems you
face and have to find answers accordingly as every problem cannot be solved in
the same way.
- Employees' needs and wants - It is always important for you to keep a track of
your employees' needs and wants as it will be a source of motivation for them.
- Organizational strategies - It is very important for an organization to make a
position for itself in the market through its products. Various strategies are used for
this purpose. These strategies can be according to the newest and the best
products (differentiation strategy). All the strategies require a structure to reach the
organizational goal.
- Competitiveness - The feeling of competition among your employees is reflected
in the positive changes of the organization which is, in turn, related to the flexibility
of an organization.
12. How can one increase the longevity of an organization?
Gender: female. Age: 42. Job: teacher. Johana cordoba.
Longevity of an organization depends on the implementation of new and improved
techniques and technologies which holds the key to its survival and ultimate
success. To survive for a long time you require long term profits in your business.
One can increase the longevity through the following ways:
- Continuous development
- Keeping up with technology
- Retaining key employees
- Satisfying employees
- Offer training to the staff
- Offering excellent services
13. Who are the stakeholders in an organization?
Gender: male. Age: 20. Job: student. Mateo santos.
A stakeholder can be a person, an organization, a social group or a society at large
that has a stake in a business where stake is an essential interest in the business
or its activities. It can include ownership and property interests, legal interests and
obligations, and moral rights.