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Questions and Answers
What does SWOT stand for in the context of business management?
What does SWOT stand for in the context of business management?
- Security, Wealth, Ownership, Trust
- Sales, Workflow, Organization, Training
- Strategy, Workforce, Operations, Technology
- Strength, Weakness, Opportunity, Threat (correct)
Which of the following is not a function of management?
Which of the following is not a function of management?
- Planning
- Supervising
- Coordinating
- Performing (correct)
Which of the following is a characteristic of a command economy?
Which of the following is a characteristic of a command economy?
- Centralized government planning (correct)
- Private ownership of businesses
- Market-driven resource allocation
- Economic freedom for individuals
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