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Questions and Answers
Which of the following best describes effective management?
Which of the following best describes effective management?
- When employees work towards the goals of other businesses
- When employees work individually to achieve the goals of the business
- When employees work towards their own personal goals
- When employees work together to achieve the goals of the business (correct)
What is the importance of coordination in producing goods and services?
What is the importance of coordination in producing goods and services?
- It increases the cost of production
- It decreases the amount of goods and services produced
- It is not necessary for producing goods and services
- It ensures the greatest amount of goods and services can be produced efficiently (correct)
What is the role of businesses in meeting stakeholders' needs?
What is the role of businesses in meeting stakeholders' needs?
- Businesses must meet the needs of all stakeholders in general (correct)
- Businesses have no responsibility to meet stakeholders' needs
- Businesses should prioritize meeting the needs of consumers only
- Businesses only need to meet the needs of individuals
