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BUSAD 250 Final Exam Study Guide

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Which of the following statements about managers and the management process is TRUE? Answer According to one study, 33% of new managers fail within the first 18 months. ____________________ skills refer to a manager's ability to identify a problem, analyze it, evaluate the alternatives, choose an appropriate solution, implement it, and review the results. Answer Decision-making The ____________________ function of an organization can help reduce uncertainty, provide for more focused action, and increase a business's ability to respond to change. Answer planning Julia is a product manager for an automobile manufacturing firm. She delegates part of her duties to some of the workers who she supervises and involves them when key decisions need to be made. She appreciates new ideas and encourages suggestions from her staff. Julia is an example of which type of leadership? Answer Democratic Which of the following examples represents a technical skill that managers must have in order to be effective? Answer The ability to operate a flexible machining center that makes auto parts. Setting the strategic direction and priorities of the business are activities that would frequently be performed by a ____________________. Answer top-level manager


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