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Exam (elaborations)

PENNFOSTER PROCTORED EXAM FOR FINANCE PROGRAM

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This document is a typical and real examination questions containing answers for the BUS 11o Exam on Pennfoster for the finance students .The guaranteed score is 100%(A+)

Institution
Finance 1
Course
Finance 1

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Question 1 points

Explain the three levels of planning in an
organization: strategic, tactical, and operational.

Strategic planning involves decisions about the organization's strategies and
long-term goals and serves as a foundation. Tactical planning are broad and
strategic goals into specific plans. Operational planning has specific
procedures and processes that are required at the lower level of
organizations.

This question has not been graded.

Question 2 points

List and briefly explain the four contemporary approaches to management.

Contemporary approaches to management include sociotechnical systems
theory, quantitative management, organizational behavior and systems
theory. The ideal of the systems approach in an organization is a system
made up interrelated parts that work together, they have inputs processes
and outputs. A change in one area effects the other. Quantitative
management helps managers by development mathematical models of the
problems and emphasizes the quantitative analysis to management itself.
Organization behavior studies and identifies activities that promotes
employee's effectiveness and well-being.

This question has not been graded.

Question 3 points

Explain the different types of leaders: charismatic,
transformational, and transactional.

Charismatic leaders display an extreme level of self-confidence and give
individual attention. while transformational leaders transcend people's
personal interest for the sake of the community. Transactional leaders view
their personal style as a series of transactions.

This question has not been graded.

Question 4 points

Differentiate the terms training and development.

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Institution
Finance 1
Course
Finance 1

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Written in
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