Podcast
Questions and Answers
According to Maslow's Hierarchy of Needs, which of the following needs is considered the most basic?
According to Maslow's Hierarchy of Needs, which of the following needs is considered the most basic?
- Esteem
- Self-actualization
- Belongingness
- Safety (correct)
Which type of strategy involves distinguishing products/services from competitors to make them more appealing?
Which type of strategy involves distinguishing products/services from competitors to make them more appealing?
- Low-Cost Strategy
- Market Penetration Strategy
- Differentiation Strategy (correct)
- Operational Strategy
What is the main purpose of the National Labor Relations Act?
What is the main purpose of the National Labor Relations Act?
- To strengthen organized labor (correct)
- To restrict the formation of labor unions
- To limit employee rights
- To support management in labor disputes
Which financial metric measures the number of new customers acquired in a given time period?
Which financial metric measures the number of new customers acquired in a given time period?
What does Herbert Simon's concept of 'Bounded Rationality' suggest about managers?
What does Herbert Simon's concept of 'Bounded Rationality' suggest about managers?
Which two factors are drivers of the financial value of a business?
Which two factors are drivers of the financial value of a business?
Who is credited with the concept of Lean manufacturing that focuses on reducing production times and eliminating waste?
Who is credited with the concept of Lean manufacturing that focuses on reducing production times and eliminating waste?
Which management approach did Henry Gantt contribute to by graphically illustrating the elapsed time for different tasks?
Which management approach did Henry Gantt contribute to by graphically illustrating the elapsed time for different tasks?
Who is best known for identifying the 14 principles of management according to the text?
Who is best known for identifying the 14 principles of management according to the text?
In the context of management according to the text, who believed that bureaucracy was the best form of governance for businesses?
In the context of management according to the text, who believed that bureaucracy was the best form of governance for businesses?
