Podcast
Questions and Answers
What are some indicators of business growth as mentioned in the text?
What are some indicators of business growth as mentioned in the text?
- Decrease in sales volume and product range contraction
- Increase in employee count and capital investment (correct)
- Lowering of costs and reduction in workforce
- Minimal capital investment and employee downsizing
Why is profit important for a business, based on the text?
Why is profit important for a business, based on the text?
- It decreases employee count
- It reduces the need for social responsibility
- It limits the growth opportunities
- It helps cover costs and risks (correct)
What is a key element of fulfilling social responsibility according to the text?
What is a key element of fulfilling social responsibility according to the text?
- Providing employment opportunities to underprivileged sections (correct)
- Using unethical production methods
- Reducing basic amenities for the community
- Ignoring environmental concerns
Why should management focus on the organization's survival according to the text?
Why should management focus on the organization's survival according to the text?
What purpose do personnel objectives serve within an organization based on the text?
What purpose do personnel objectives serve within an organization based on the text?
How can a company demonstrate its commitment to social responsibility according to the text?
How can a company demonstrate its commitment to social responsibility according to the text?
What is one of the higher-level needs mentioned in the text?
What is one of the higher-level needs mentioned in the text?
How does management contribute to achieving personal objectives?
How does management contribute to achieving personal objectives?
What is one way management contributes to business growth?
What is one way management contributes to business growth?
How does management assist in achieving group goals?
How does management assist in achieving group goals?
Which aspect of management helps in the development of society according to the text?
Which aspect of management helps in the development of society according to the text?
What is an important financial need mentioned in the text?
What is an important financial need mentioned in the text?
What is the primary task of management according to the text?
What is the primary task of management according to the text?
Which of the following functions is NOT part of the continuous process of management described in the text?
Which of the following functions is NOT part of the continuous process of management described in the text?
Why is management considered a group activity according to the text?
Why is management considered a group activity according to the text?
Which aspect does the management of operations primarily involve in an organization?
Which aspect does the management of operations primarily involve in an organization?
How do managers ensure personnel objectives are met according to the text?
How do managers ensure personnel objectives are met according to the text?
In what way does management contribute to business growth as discussed in the text?
In what way does management contribute to business growth as discussed in the text?