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Questions and Answers
What is a SWOT analysis used for?
What is a SWOT analysis used for?
- Evaluating the financial performance of the organization
- Assessing internal limitations and external threats (correct)
- Identifying and evaluating favorable conditions for the organization
- Analyzing competitors' weaknesses
Which type of resource includes physical, tangible items used by an organization?
Which type of resource includes physical, tangible items used by an organization?
- Financial resources
- Human resources
- Informational resources
- Material resources (correct)
What does a strategic plan focus on?
What does a strategic plan focus on?
- Short-term goals
- Implementing tactical plans
- Major policy setting and decision-making (correct)
- Day-to-day operational details
What is the purpose of a contingency plan?
What is the purpose of a contingency plan?
What is the main focus of operational plans?
What is the main focus of operational plans?
What is the purpose of a mission statement in organizations?
What is the purpose of a mission statement in organizations?
What is the primary responsibility of an operations manager?
What is the primary responsibility of an operations manager?
Which type of control takes place after work activity is done?
Which type of control takes place after work activity is done?
What do conceptual skills refer to in the context of management?
What do conceptual skills refer to in the context of management?
What is the key responsibility of a top manager?
What is the key responsibility of a top manager?
What differentiates a first-line manager from a middle manager?
What differentiates a first-line manager from a middle manager?
Which control function involves setting standards, measuring actual performance, and taking corrective action?
Which control function involves setting standards, measuring actual performance, and taking corrective action?
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