Podcast
Play an AI-generated podcast conversation about this lesson
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
