Industry Definition and Author Quiz

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14 Questions

Which statement correctly describes the difference between primary and supportive activities in business operations?

Primary activities involve core business functions directly related to production and distribution, while supportive activities are secondary tasks not directly related to the primary functions.

Are stakeholders limited to individuals or groups within the organization?

False

What is the primary purpose of a professional association?

Promoting the interests of its members and their profession

Which of the following is a key contribution of the Hawthorne studies?

The observation that people's behavior and attitudes are closely related

Which of the following is a key advantage of the structural approach?

The focus on customer needs and excellent coordination across functional departments

What is the decision-making technique in which people are assigned to express competing points of view?

Point-counterpoint

According to the BCG matrix, which of the following exists in a new, rapidly growing industry but has a small market share?

The question mark

Which of the following functions of management were proposed by Henry Fayol?

Planning, organizing, commanding, coordinating, and controlling

Which of the following can be associated with factors of the general environment?

Both a and b

Which of the following is a key advantage of the structural approach?

Efficient use of resources and in-depth skill specialization

What type of organizational structure is described where employees report to two supervisors simultaneously?

Matrix structure

What is a visual representation of an organization's structure called?

None of the above

At which level of management are managers concerned less with individual performance and more with linking groups of people?

Middle-level management

According to Henry Mintzberg, one of the manager's roles is to represent the department during negotiations. What is this role called?

Negotiator

Test your knowledge on the definition of 'industry' and the author of the value chain model. Choose the correct options from the given multiple-choice questions.

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