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General Management I Quiz

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Questions and Answers

What is required for a company to obtain benefits?

Existence of multiple products

A large workforce

A structured organization of resources and employees (correct)

A well-defined marketing strategy

What defines a company as a 'technical-economic unit'?

It has a social responsibility program.

It transforms resources into a product or service with economic value. (correct)

It is limited to a single factory location.

It produces only physical products.

Which of the following is NOT a trait shared by all organizations?

They need a set of resources of various kinds

They exist to achieve one or more ends

They require a structure to coordinate activities

They must have a governmental endorsement (correct)

What is meant by 'added value' in a company context?

Outputs value minus inputs value Signup and view all the answers

What characterizes a company as a 'political social unit'?

It involves social elements that negotiate interests. Signup and view all the answers

What distinguishes different factories and premises as part of the same company?

Their belonging to the same decision-making unit Signup and view all the answers

In the context of a commercial company, what does 'legal unit' refer to?

The legal form regulating relationships of resource contributors Signup and view all the answers

Which of the following describes an 'exploitation' in a business context?

The set of technological processes Signup and view all the answers

Study Notes

General Management I

General Management I is a course topic.
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Description

Test your understanding of key concepts in General Management I. This quiz covers fundamental principles and practices that are essential for effective management in organizations. Challenge your knowledge and prepare for success in your management studies.