Q. In the context of management, what does SWOT analysis stand for?
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A.
Strengths, Weaknesses, Opportunities, Threats
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B.
Systems, Workflows, Objectives, Tactics
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C.
Strategies, Workforce, Operations, Technology
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D.
Sales, Workforce, Outcomes, Trends
Solution
SWOT analysis stands for Strengths, Weaknesses, Opportunities, and Threats, and is used for strategic planning.
Correct Answer:
A
— Strengths, Weaknesses, Opportunities, Threats
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Q. What does the term 'entrepreneurship' primarily refer to?
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A.
The process of managing a large corporation
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B.
The act of starting and running a new business
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C.
The study of economic theories
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D.
The practice of investing in stocks
Solution
Entrepreneurship primarily refers to the act of starting and running a new business, often involving innovation and risk.
Correct Answer:
B
— The act of starting and running a new business
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Q. What is the main goal of marketing management?
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A.
To maximize production efficiency
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B.
To create customer value and satisfaction
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C.
To reduce operational costs
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D.
To increase employee engagement
Solution
The main goal of marketing management is to create customer value and satisfaction through effective marketing strategies.
Correct Answer:
B
— To create customer value and satisfaction
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Q. What is the primary function of human resource management?
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A.
To manage financial resources
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B.
To oversee production processes
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C.
To recruit, train, and develop employees
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D.
To handle marketing strategies
Solution
The primary function of human resource management is to recruit, train, and develop employees to meet organizational needs.
Correct Answer:
C
— To recruit, train, and develop employees
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Q. What is the primary purpose of organizational structure?
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A.
To increase employee workload
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B.
To define roles and responsibilities
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C.
To limit communication
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D.
To enhance competition
Solution
The primary purpose of organizational structure is to define roles and responsibilities within the organization.
Correct Answer:
B
— To define roles and responsibilities
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Q. Which leadership style is characterized by a high degree of control and directive behavior?
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A.
Democratic
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B.
Laissez-faire
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C.
Autocratic
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D.
Transformational
Solution
The autocratic leadership style is characterized by a high degree of control and directive behavior from the leader.
Correct Answer:
C
— Autocratic
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Q. Which of the following is a common tool used in project management?
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A.
Gantt chart
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B.
Balance sheet
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C.
SWOT analysis
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D.
Market segmentation
Solution
A Gantt chart is a common tool used in project management to visualize project timelines and tasks.
Correct Answer:
A
— Gantt chart
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Q. Which of the following is a key principle of effective delegation?
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A.
Assigning tasks without guidance
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B.
Trusting employees to make decisions
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C.
Retaining all decision-making authority
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D.
Avoiding accountability
Solution
A key principle of effective delegation is trusting employees to make decisions and take ownership of their tasks.
Correct Answer:
B
— Trusting employees to make decisions
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Q. Which of the following is NOT a characteristic of effective leadership?
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A.
Visionary thinking
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B.
Micromanagement
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C.
Empowerment of team members
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D.
Adaptability
Solution
Micromanagement is not a characteristic of effective leadership; it often undermines team autonomy and trust.
Correct Answer:
B
— Micromanagement
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Q. Which planning approach focuses on setting specific, measurable objectives?
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A.
Strategic planning
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B.
Operational planning
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C.
Contingency planning
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D.
Tactical planning
Solution
Strategic planning focuses on setting specific, measurable objectives to guide the organization towards its long-term goals.
Correct Answer:
A
— Strategic planning
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