question In management what does the term delegation refer to

What is the purpose of the Fishbone Diagram (Ishikawa) in problem-solving in management?

A. Evaluating employee performance
B. Identifying potential causes of a problem
C. Financial reporting
D. Market analysis

What is the primary focus of the SWOT analysis in strategic management?

A. Evaluating employee performance
B. Assessing internal strengths and weaknesses, external opportunities and threats
C. Financial reporting
D. Market analysis

In management, what is the purpose of the Deming Cycle (PDCA)?

A. Evaluating employee performance
B. Continuous improvement through Plan, Do, Check, Act cycles
C. Financial reporting
D. Marketing strategies

What is the purpose of the SMART criteria in goal-setting in management?

A. Assessing employee performance
B. Evaluating market trends
C. Setting specific, measurable, achievable, relevant, and time-bound goals
D. Financial reporting

What is the purpose of the Pareto Principle (80/20 Rule) in management?

A. Evaluating employee performance
B. Identifying the vital few factors that contribute to the majority of outcomes
C. Financial reporting
D. Market analysis

What does the term "benchmarking" mean in management?

A. Assessing employee performance
B. Comparing organizational processes and performance to industry best practices
C. Setting financial goals
D. Marketing strategies

What is the focus of the BCG Matrix in strategic management?

A. Evaluating employee performance
B. Portfolio analysis for businesses' product lines
C. Financial reporting
D. Market analysis

What is the purpose of the Tuckman's Stages of Group Development in team management?

A. Evaluating employee performance
B. Describing the stages of forming, storming, norming, performing, and adjourning
C. Financial reporting
D. Marketing strategies

In management, what does the term "corporate governance" involve?

A. Employee recruitment
B. The system of rules, practices, and processes by which a company is directed and controlled
C. Financial decision-making
D. Marketing strategies

What is the purpose of the Force Field Analysis in change management?

A. Evaluating employee performance
B. Identifying and analyzing forces for and against change
C. Financial reporting
D. Market analysis

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