Developing a purpose statement is the sole responsibility of middle management. True False Developing a purpose statement is the sole responsibility of middle management. True False Specialized staff is a formal group of persons formed for a specific purpose. True
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- 65) Which of the following is a motivation to hire a board member from outside of the company? a) External director have a broader perspective on the firms operations and they are not overly biased towards what is happening in the firm. b) External directors can provide detailed information on firm operations and are biased in favor of the company. c) Both A and B d) Neither A nor B1. Financial planners work_ a) Independent of other departments c) Only with the production department b) In coordination with all departments d) With inputs only from the top 2. _conveys the ultimate goal of the organization. b) Mission c) Objectives a) Goals d) Vision 3. _defines the nature of the business, and its current business activities to realize its vision. a) Goals b) Mission c) Objectives d) Vision 4. _refers to accounts payable and accruals incurred because of increase in assets other than property, plant and equipment. a) Cost of sales ratio b) Dividend payout ratio c) Retention ratio d) Spontaneous liability 5. Lare specific and short-term directions for the actions to be done to reach the goals. d) Vision a) Goals b) Mission c) Objectives 6. is the portion of earnings that is plowed back to the business. b) Dividend payout ratio a) Cost of sales ratio c) Retention ratio d) Spontaneous liability23. Which statement relates to a business plan? A A document that describes the direction and strategy of the business B A document that explains the steps to be taken to develop a business CA document that compares current and future business performance D A document that is the master plan of the business to be carried out 24. Which statement is the importance of preparing a business plan? A Ensure that the business can achieve the set sales target B Take care of the risks that arise when doing business C Increase business competitiveness in the market D Ensure that the business can achieve the set profit target 25. Which of the following are stakeholders who need a business plan? I Government agencies Il Trade unions III Funders IV Creditors AI and II B I and IV C II and III D III and IV
- Content marketing can be a very hectic mess unless you organize it into clear business processes. Consider the following process: The content writer takes up & finishes the first draft of an article. Includes descriptions of any custom images that are to be used in the article The marketer gathers influencer contact information, to be used for advertising and marketing once the article is done The editor proof-reads the article, makes points on grammar, style, spelling, etc. The designer creates custom images as asked, sending them over to the content writer The writer takes the comments into consideration, fixes any mistakes, and adds the images to the article The SEO expert makes sure that the article meets the right optimization best- practices & publishes the article The marketer uses a combination of advertising & email outreach to make sure that the article is read. Activity: Construct the business process diagram and apply the flowcharting process discussed. Note:…addresses changes within the internal and the external business environment, and can range from strikes to natural disasters, bereavement and other occurrences O a. Organizational Planning O b. Strategic Planning O c. Contingency Planning O d. Disaster PlanningA compelling vision is a shared goal or aspiration that inspires and motivates members of an organization, team, or company to work together to achieve it. A compelling vision should be clear, concise, and easily understood by all members. It should also be aligned with the values and purpose of the organization and reflect the needs and desires of its stakeholders. When a compelling vision is effectively communicated and understood, it can unify members and create a sense of purpose and direction. Members can rally around the vision, align their efforts, and work collaboratively towards achieving it. Additionally, a compelling vision can also attract and retain talented individuals who share the same values and goals. However, for a vision to be effective in unifying members, it must be more than just a statement. It must be accompanied by actions and decisions that demonstrate a commitment to achieving the vision. Leaders must model the behaviors and attitudes that support the…
- management exists to provide advice and assistance to those responsible for attaining the objectives of the organization. O A. Line O B. Staff O C. Functional O D. Risk38- Which one of the following is not a step in the sales organization development process? a. Non delegation of set of activities to an individual position b. Classifying the tasks and group them c. Establishing supervision and reporting relationships d. Determining the tasks that must be performedGeneral guidelines for making decisions or taking action in response to a particular event are known as? a. procedures b. regulation c. policies d. none of the above In organizations, effective planning typically involves: Select one: a. determining or revising the organization's mission and goals b. formulating strategy c. implementing strategy d. all of the above
- Assume the role of a management consultant intern whose services are required to help a growing company who are facing various challenges. You are required to produce a business report which addresses the various issue and includes clear recommendations.Content marketing can be a very hectic mess unless you organize it into clear business processes. Consider the following process:The content writer takes up & finishes the first draft of an article. Includes descriptions of any custom images that are to be used in the articleThe marketer gathers influencer contact information, to be used for advertising and marketing once the article is doneThe editor proof-reads the article, makes points on grammar, style, spelling, etc.The designer creates custom images as asked, sending them over to the content writerThe writer takes the comments into consideration, fixes any mistakes, and adds the images to the articleThe SEO expert makes sure that the article meets the right optimization best- practices & publishes the articleThe marketer uses a combination of advertising & email outreach to make sure that the article is read.Activity: Construct the business process diagram and apply the flowcharting process discussed.Content marketing can be a very hectic mess unless you organize it into clear business processes. Consider the following process:The content writer takes up & finishes the first draft of an article. Includes descriptions of any custom images that are to be used in the articleThe marketer gathers influencer contact information, to be used for advertising and marketing once the article is doneThe editor proof-reads the article, makes points on grammar, style, spelling, etc.The designer creates custom images as asked, sending them over to the content writerThe writer takes the comments into consideration, fixes any mistakes, and adds the images to the articleThe SEO expert makes sure that the article meets the right optimization best- practices & publishes the articleThe marketer uses a combination of advertising & email outreach to make sure that the article is read.Activity: Construct the business process diagram and apply the flowcharting process discussed. Note: Organize…