What Is Business Acumen? - Definition & Examples

Instructions:

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question 1 of 3

Business acumen is understanding _______________ and how it achieves its goals and objectives.

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1. A leader with business acumen understands the planning element of a business, which requires which of the following characteristics?

2. Business acumen can be an important trait for employees for which of the following reasons?

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About This Quiz & Worksheet

Assess your knowledge of business acumen with this multiple-choice quiz and worksheet. You should be familiar with a characteristic that's required in the planning element of a business, among other details.

Quiz & Worksheet Goals

This quiz will test you on the following:

  • How to define 'business acumen'
  • The planning element of a business
  • Why business acumen can be an important trait for employees
  • How it can help managers
  • Why operations is an important part of business acumen

Skills Practiced

  • Defining key concepts - ensure that you can accurately define a main phrase, such as 'business acumen'
  • Making connections - use what you've learned to make connections between business acumen and employees
  • Interpreting information - verify that you can read information about the importance of operations as an element of business acumen and interpret it correctly

Additional Learning

Continue learning about this topic with the lesson titled What Is Business Acumen? - Definition & Examples. Here are examples of the information you'll find in this lesson:

  • The financial aspect of business acumen
  • Traits of savvy business leaders
  • Recognizing the impact of business decisions
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