Business Management Essentials
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Questions and Answers

What is the primary objective of a SWOT analysis?

  • To identify the strengths, weaknesses, opportunities, and threats of a business (correct)
  • To identify the strengths and weaknesses of a competitor
  • To evaluate the external environment of a business
  • To determine the ethical standards of a company
  • Which of the following leadership styles is characterized by a democratic and participative approach?

  • Autocratic leadership style
  • Participative leadership style (correct)
  • Laissez-faire leadership style
  • Bureaucratic leadership style
  • What is the main goal of human resources management?

  • To attract, retain, and develop employees to achieve business objectives (correct)
  • To manage the financial resources of a company
  • To oversee the production process of a company
  • To increase employee productivity
  • Which of the following is a characteristic of effective business communication?

    <p>Being clear, concise, and respectful in the message</p> Signup and view all the answers

    What is the primary focus of social responsibility in business?

    <p>Minimizing the negative impact of business operations on the environment and society</p> Signup and view all the answers

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