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Questions and Answers
What is the most important lesson for managers to learn?
What is the most important lesson for managers to learn?
- To know the business (correct)
- To manage risk
- To communicate efficiently
- To delegate tasks effectively
Who is responsible for knowing the business?
Who is responsible for knowing the business?
- Only the board of directors
- Everyone involved in the business (correct)
- Only the department heads
- Only the CEO
What is knowing the business an integral component of?
What is knowing the business an integral component of?
- Marketing strategy
- Financial management
- Human resources management
- Risk management (correct)
What level of management is responsible for knowing the business?
What level of management is responsible for knowing the business?
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Why is it important for everyone involved in the business to know the business?
Why is it important for everyone involved in the business to know the business?
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