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What does 'efficiency' refer to in management?
What does 'efficiency' refer to in management?
- The people, financial capital, technology, and time used in achieving the organization's objectives
- The process of assessing future business conditions and anticipating actions the business should take to reach its objectives
- The degree to which the company's goals are being attained
- The ratio of benefits to costs as resources are used and depleted to produce goods and services (correct)
What is the role of a 'manager' in an organization?
What is the role of a 'manager' in an organization?
- Focusing on specific actions to implement long-range strategies
- Integrating and combining human, capital, and technological resources to achieve organizational objectives (correct)
- Assessing future business conditions and anticipating actions the business should take to reach its objectives
- Setting organizational objectives, determining overall business strategy, and allocating resources to achieve goals
What are 'objectives' in the context of management?
What are 'objectives' in the context of management?
- Targets or desired levels of achievement (correct)
- The process of assessing future business conditions and anticipating actions the business should take to reach its objectives
- The degree to which the company's goals are being attained
- The people, financial capital, technology, and time used in achieving the organization's objectives
Which type of planning focuses on specific actions to implement long-range strategies?
Which type of planning focuses on specific actions to implement long-range strategies?
What is 'bottom-up planning' in the context of management?
What is 'bottom-up planning' in the context of management?
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