FREE Degree in Business Management MCQ Questions and Answers
A good manager may occasionally decide in opposition to acknowledged management best practices.
It is true that a good manager may occasionally make a decision that goes against generally accepted principles of management. While generally accepted principles of management provide valuable guidance and best practices for effective leadership, there can be situations where a manager needs to deviate from those principles based on unique circumstances, organizational context, or the specific needs of the team or project.
A manager should speak with a direct report about a problem that is causing the department disruption: arriving to work late on a regular basis. Which of the following is the BEST communication tactic for the manager to employ during this meeting in order to reduce defensiveness and resistance?
Employing empathy as a communication strategy during a meeting with a direct report about repeated tardiness is highly effective for minimizing defensiveness and resistance. Empathy involves understanding and acknowledging the emotions, perspectives, and experiences of the other person.
By using empathy as a communication strategy, the manager can create a supportive and understanding environment that encourages open dialogue and collaborative problem-solving. It helps minimize defensiveness and resistance, fostering a constructive approach to addressing the issue of repeated tardiness while maintaining a positive working relationship
One team member has been assigned as the project manager's responsibility for making sure the project's output complies with all legal standards. What important stakeholder function is this person filling?
The member of the team designated by the project manager to ensure that the project output meets all legal requirements is performing the role of the Regulatory Key Stakeholder.
The Regulatory Key Stakeholder is responsible for ensuring that the project complies with all relevant laws, regulations, and legal requirements that pertain to the project's industry, scope, or specific deliverables. This role involves understanding and interpreting the applicable legal frameworks, communicating legal requirements to the project team, and monitoring compliance throughout the project lifecycle.
Which of the following papers corresponds to an account on a balance sheet under the shareholder's equity category?
Retained earnings represent an account within the shareholder's equity section of a balance sheet. It represents the accumulated profits or losses of a company that have not been distributed as dividends to shareholders.
The most affordable source of capital is personal finances.
Personal finance refers to using one's own funds or personal resources to finance expenses or investments. While personal finance may not involve interest payments or fees associated with borrowing from external sources, it does come with its own costs and implications.
A code of ethics typically covers matters like as pricing, billing, and contractual procedures.
It is generally true that pricing, billing, and contracting practices are areas covered by a code of ethics. A code of ethics is a set of principles and guidelines that outlines the expected behavior and standards of conduct for professionals in a particular field or industry. Pricing, billing, and contracting practices are critical aspects of business transactions, and ethical considerations play an important role in these areas.
A manager runs the risk of losing a top job candidate to another company if they don't follow up with them after 72 hours.
It is generally true that if a manager fails to call back a top job candidate within a reasonable timeframe, typically within 72 hours, there is a risk of losing the candidate to another company. Timely communication and responsiveness during the hiring process are important for maintaining a candidate's interest and engagement.