Management involves directing the activities of a small team only, not a large group. Select one: o a. TRUE O b. FALSE Management is an art and a science. Select one: o a. FALSE o b. TRUE Motivation is the ability to influence and align others towards a common purpose. Select one: o a. FALSE o b. TRUE Political environment consists of political system and its working. Select one: o a. FALSE O b. TRUE

Management involves directing the activities of a small team only, not a large group. Select one: o a. TRUE O b. FALSE Management is an art and a science. Select one: o a. FALSE o b. TRUE Motivation is the ability to influence and align others towards a common purpose. Select one: o a. FALSE o b. TRUE Political environment consists of political system and its working. Select one: o a. FALSE O b. TRUE

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Concept explainers

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

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Management involves directing the activities of a small team only, not a large group.
Select one:
O a. TRUE
O b. FALSE
Management is an art and a science.
Select one:
o a. FALSE
O b. TRUE
Motivation is the ability to influence and align others towards a common purpose.
Select one:
o a. FALSE
O b. TRUE
Political environment consists of political system and its working.
Select one:
O a. FALSE
O b. TRUE

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