Business management chapter 4 test answers

  • Are supervisors usually responsible for strategic planning?

    Typically, managers are higher-level, higher-paid leaders in an organization responsible for strategic planning, goal setting and team management.
    Supervisors, on the other hand, are closer to the day-to-day tasks of their teams to ensure the manager's goals are achieved..

  • Does a true or false SWOT analysis involves both internal and external investigation?

    If you know how to take stock of the strengths, weaknesses, opportunities, and threats, you are more likely to plan and act effectively.
    SWOT provides a tool to explore both internal and external factors that may influence your work..

  • What are three tasks of knowledge managers?

    What are the main three tasks of knowledge managers? Knowledge managers design and oversee a knowledge management framework, maintain a centralized knowledge base, and foster a culture of knowledge sharing within the organization..

  • What is a business's purpose or reason for existing?

    The purpose of a business is to organize some sort of economic production of goods or services.
    Businesses can be for-profit entities or non-profit organizations fulfilling a charitable mission or furthering a social cause..

  • Which principle states that each employee reports to one and only one supervisor at a time?

    Unity of command: This principle states that an employee should have one and only one supervisor to whom he or she is directly responsible.
    No employee should report to two or more people..

  • In particular, planning helps to critically assess the goal to see if it's realistic.
    It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal.
    It also defines how to measure performance against the set goals and whose responsibility it will be.
  • Typically, managers are higher-level, higher-paid leaders in an organization responsible for strategic planning, goal setting and team management.
    Supervisors, on the other hand, are closer to the day-to-day tasks of their teams to ensure the manager's goals are achieved.

Are there any multiple choice questions for the management exam?

These multiple-choice questions are really useful for students planning to appear in various competitive or recruitment exams.
They should refer to Management MCQ Questions with Answers provided by us for free.
All objective-based questions have been developed by expert faculty and are available for free.


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