Management Notes

Reference Notes for Management

Entrepreneurship can best be described as:

Entrepreneurship can best be described as:

Entrepreneurship can best be described as:

 Options:

A. a process that requires setting up a business
B. taking a significant risk in a business context
C. having a strong vision
D. a process involving innovation, new products or services, and value creation

The Correct Answer Is:

  • D. a process involving innovation, new products or services, and value creation

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Authority, discipline, unity of command, and unity of direction are:

Authority, discipline, unity of command, and unity of direction are:

Authority, discipline, unity of command, and unity of direction are:

 Options:

A. Taylor’s four principles of management.
B. Principles of the human relations movement.
C. Elements of Weber’s ideal bureaucratic structure.
D. Four of Fayol’s fourteen principles of management.

The Correct Answer Is:

  • D. Four of Fayol’s fourteen principles of management.

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Which of the following statements about Naive Bayes is incorrect?

Which of the following statements about Naive Bayes is incorrect?

Which of the following statements about Naive Bayes is incorrect?

 Options:

A. attributes are equally important.
B. attributes are statistically dependent of one another given the class value.
C. attributes are statistically independent of one another given the class value.

The Correct Answer Is:

  • B. attributes are statistically dependent of one another given the class value.

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Permanent working capital ___________.

Permanent working capital ___________.

Permanent working capital ___________.

 Options:

A. varies with seasonal needs.
B. includes fixed assets.
C. is the amount of current assets required to meet a firm\s long-term minimum needs.
D. includes accounts payable.

The Correct Answer Is:

  • C. is the amount of current assets required to meet a firm\s long-term minimum needs.

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Find out which of the given statements is incorrect

Find out which of the given statements is incorrect

Find out which of the given statements is incorrect

 Options:

A. An organisation must have a purpose
B. An organisation is identified by its actions
C. An organisation is identified by the building it occupies
D. A organisation can sue and be sued

The Correct Answer Is:

  • C. An organisation is identified by the building it occupies

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Wassily Leontief’s results can be interpreted as

Wassily Leontief’s results can be interpreted as

Wassily Leontief’s results can be interpreted as

 Options:

a. evidence against the Ricardian model
b. evidence against the Heckscher-Ohlin model
c. support for the Ricardian model
d. support for the Heckscher-Ohlin model

The Correct Answer Is:

  • b. evidence against the Heckscher-Ohlin model

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MacDougall’s empirical results can be interpreted as

MacDougall’s empirical results can be interpreted as

MacDougall’s empirical results can be interpreted as

 Options:

a. evidence against the classical model
b. evidence against the Heckscher-Ohlin model
c. support for the Ricardian model
d. support for the Heckscher-Ohlin model

The Correct Answer Is:

  • c. support for the Ricardian model

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If the relative price (MRT) of T were to increase, then the price line would:

If the relative price (MRT) of T were to increase, then the price line would

If the relative price (MRT) of T were to increase, then the price line would:

 Options:

a. shift out in a parallel fashion.
b. shift in a parallel fashion.
c. become steeper.
d. become flatter.

The Correct Answer Is:

  • d. become flatter.

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International trade forces domestic firms to become more competitive in terms of:

International trade forces domestic firms to become more competitive in terms of

International trade forces domestic firms to become more competitive in terms of:

 Options:

a. The introduction of new products
b. Product design and quality
c. Product price
d. All of the above

The Correct Answer Is:

  • d. All of the above

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