After a publishing, company realized that it was incurring losses, it set new objectives. These objectives were to increase revenues by at least 5% and reduce net losses by at least 80% by the end of the next fiscal year. In this scenario, which of the following management functions was most likely involved in setting these goals and determining a means for the company to meet them?
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The management of a factory suggests increasing the workweek…
The management of a factory suggests increasing the workweek to 60 hours instead of the standard 40 hours. However, many workers, unhappy with the change, start deliberately slowing down their work and reducing their productivity, completing only the minimum required to avoid penalties. This behavior is an example of:
The worker manages to complete every project they are involv…
The worker manages to complete every project they are involved in before its deadline. In the context of scientific management, the worker can be considered a(n)
An individual is in charge of the Rotary Club’s annual fundr…
An individual is in charge of the Rotary Club’s annual fundraising auction. They determine the site of the event and decides who will collect donations from local businesses. They also decide who will sell tickets to customers and who will conduct the auction. Individual is engaged in the management function of:
In the context of dealing with increased demand for workers,…
In the context of dealing with increased demand for workers, which of the following involves an organization paying a fee to a company that provides a pool of workers who are available on a temporary basis?
A publishing company realized that there was a factual error…
A publishing company realized that there was a factual error in the August issue of its business magazine. The magazine’s editor-in-chief immediately released a press statement apologizing for the error. Subsequently, the company published the actual figures in the magazine’s September issue. Which of the following management functions was used in this scenario?
Which of the following statements about planning is correct?
Which of the following statements about planning is correct?
In a factory setting, one worker completes assembling produc…
In a factory setting, one worker completes assembling products at nearly twice the average speed of their coworkers. Although their work meets all quality standards, other employees are frustrated because they believe this will lead to increased production quotas for everyone. What term best describes this worker in the context of scientific management?
In a country, a significant portion of the population spends…
In a country, a significant portion of the population spends less due to the limited availability of well-paid jobs. As a result, many businesses are negatively impacted, as consumer purchasing power has sharply declined. The organizational environmental characteristic that is affecting businesses is associated with the:
A company that manufactures solar panels has recently encoun…
A company that manufactures solar panels has recently encountered difficulties in sourcing silicon, a key material for their products. Due to a global shortage of silicon, the company is facing delays in production, and customer orders are piling up. This shortage is significantly impacting its ability to meet demand and maintain its supply chain. In the context of external environments, which of the following characteristics is illustrated in this scenario?