This question has two parts; be sure to answer each. First, describe the three principal skills that good managers need to have. Second, suppose you are the managing editor of a local newspaper, and give an example of each skill that you might use daily while performing your job.
What will be an ideal response?
Good managers need to work on developing three principal skills. The first is technical skills, which consist of job-specific knowledge needed to perform well in a specialized field. The managing editor of a newspaper needs to understand journalism—what makes a good story—as well as the process of having a newspaper laid out, printed, and delivered on tight schedules.
The second is conceptual skills, or the ability to think analytically. The managing editor of the newspaper needs to think about the newspaper's readership and how the paper can increase both circulation and ad revenue.
The third is human skills, or the ability to interact well with people. The managing editor needs to get the best out of his reporters, copyeditors, and other staff members.
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People who contract to furnish labor or materials to improve real estate:
A. cannot foreclose their lien on the property. B. can claim a lien on a property irrespective of statutory requirements. C. can claim a lien on the property until they are paid. D. cannot claim any lien on the property.
Areena is the Diversity Program Manager in Tech Recruiting at Facebook. To nurture an adaptive culture that is sufficiently flexible to respond rapidly to changing business conditions, what are the most important characteristics of prospective employees that Areena needs to take into consideration? Why?
What will be an ideal response?
What is the probability that Product A will being purchased by the smaller company?
A small entrepreneurial company is trying to decide between developing two different products that they believe they can sell to two potential companies, one large and one small. If they develop Product A, they have a 50% chance of selling it to the large company with annual purchases of about 20,000 units. If the large company won't purchase it, then they think they have an 80% chance of placing it with a smaller company, with sales of 15,000 units. On the other hand if they develop Product B, they feel they have a 40% chance of selling it to the large company, resulting in annual sales of about 17,000 units. If the large company doesn't buy it, they have a 50% chance of selling it to the small company with sales of 20,000 units. A) 0.8 B) 0.5 C) 0.4 D) 0.2
Due to inflationary effects, inventory costs and depreciation write-offs can differ from their true values, thereby distorting profits
Indicate whether the statement is true or false