Two Truths One Lie
1. Objectives should be Measurable, Accurate and Timely
2. Objectives should be Specific, Realistic and Timely
3. Objectives should be Specific, Measurable and Relevant
1. Objectives should be Measurable, Accurate and Timely - LIE
2. Objectives should be Specific, Realistic and Timely - TRUTH
3. Objectives should be Specific, Measurable and Relevant - TRUTH
Types of Economic Activity
What is Primary Sector, Secondary Sector and Tertiary Sector
Meaning behind the acronym SMART
What is
S - Specific
M - Measurable
A - Attainable/Achievable
R - Relevant/Realistic
T - Timely
Stages of Decision Making
What is:
1. Definition of Problem/Opportunity
2. Data Collection
3. Developing Alternatives
4. Analysing Alternatives
5. Selecting and Implementing the Alternative
6. Evaluation
Riddle me this, riddle me that, I hold the power and that is that. No input I seek, my orders are final, to challenge my way is not a path quite viral. What leadership style am I?
What is Autocratic?
1. Information must be cost effective, accurate, timely
2. Information must be accurate, timely, realistic
3. Information must be accurate, relevant, timely
1. Information must be cost effective, accurate, timely - TRUTH
2. Information must be accurate, timely, realistic - LIE
3. Information must be accurate, relevant, timely - TRUTH
Enterprises taken over by the government from private-sector organizations
What are Nationalized Industries?
Statement of Purpose within the Hierarchy of Objectives
What is Aim/Vision?
Long term decisions that entail high risks and usually made up by management
What is Strategic Level?
Riddle me this, riddle me that, all voices matter, let's have a chat. Decisions we make together, as one, until every task is complete and done. What leadership style am I?
What is Democratic?
1. PEST includes Political, Technological, Economic
2. PEST includes Economic, Technological, Sociological
3. PEST includes Technological, Social, Political
1. PEST includes Political, Technological, Economic - TRUE
2. PEST includes Economic, Technological, Sociological - LIE
3. PEST includes Technological, Social, Political - TRUE
Types of Cooperatives
What is Consumer, Producer, Workers' and Financial Cooperatives
Document that governs the behaviour of management and employees
What is Code of Ethics?
Types of unemployment
- Frictional
- Structural
- Seasonal
- Cyclical
Riddle me this, riddle me that, no title I hold, no official hat. Yet people follow the path I've shown, my influence grows, my guidance is known. What type of leader am I?
What is Informal Leader?
1. Maslow's Hierarchy of Needs is one of the content theories.
2. Vroom's Expectance Theory is one of the content theories.
3. Herzberg's two factor theory is one of the content theories.
1. Maslow's Hierarchy of Needs is one of the content theories. -TRUTH
2. Vroom's Expectance Theory is one of the content theories. -LIE
3. Herzberg's two factor theory is one of the content theories. -TRUTH
Purchases enough shares of other companies to control the decisions and policies made and implemented by the board of directors but does not interfere in day-to-day operations
What are Holding Companies?
To increase sales by 60 percent by three years' time is what objective?
What is Strategic Objective?
Type of Decision Making that makes use of PEST (Political, Economic, Social, Technological factors) and SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses
What is a Qualitative Decision?
Riddle me this, riddle me that, I inspire a vision and raise the bar at. With passion and purpose, we reach new heights, changing the future with all our might. What leadership style am I?
What is Transformational?
1. Centralization allows easy control and coordination of policies.
2. Centralization makes decision making less time consuming.
3. Centralization allows firms to respond to changes more quickly
1. Centralization allows easy control and coordination of policies. -TRUTH
2. Centralization makes decision making less time consuming. -TRUTH
3. Centralization allows firms to respond to changes more quickly -LIE
2 Reasons for Privatisation
What is:
- Generate income to fund projects
- Improve Efficiency
- Can no longer afford to finance and operate these entities
- Encourage Competition
- Share ownership of Resources
?
Hierarchy of Objectives in Descending Order
What is:
1. Aim/Vision
2. Mission Statement
3. Corporate Objectives
4. Strategic Objectives
5. Tactical Objectives
6. Operational Objectives
Name 3 Factors Affecting Decision Making
What is:
- Government, political and legal
- Social and Cultural
- Technological
- Economic
- Ecological
Riddle me this, riddle me that, follow the rules, let's keep it at that. Rewards for compliance, corrections for missteps, a system of exchange, as the contract accepts. What leadership style am I?
What is Transactional?