question What does the term benchmarking mean in management

What is the focus of transactional leadership in management?

A. Inspiring followers with a shared vision
B. Exchanging rewards and punishments for performance
C. Marketing strategies
D. Employee training programs

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 SWOT analysis in strategic planning?

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

In management, what does the term "organizational structure" refer to?

A. Employee recruitment
B. The formal arrangement of tasks, roles, and reporting relationships
C. Financial decision-making
D. Marketing strategies

What is the focus of the Maslow's Hierarchy of Needs in organizational behavior?

A. Evaluating employee performance
B. Understanding the psychological needs that motivate human behavior
C. Financial reporting
D. Marketing strategies

In management, what is the role of a mission statement?

A. Setting financial goals
B. Defining the organization's purpose and values
C. Marketing strategies
D. Employee performance appraisal

In management, what does the term "cultural competency" mean?

A. Employee recruitment
B. The ability to work effectively across different cultures
C. Financial decision-making
D. Marketing strategies

In management, what does the term "benchmarking" mean?

A. Assessing employee performance
B. Comparing organizational processes and performance to industry best practices
C. Financial decision-making
D. Marketing strategies

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 does the term "cognitive diversity" mean in the context of team management?

A. Employee recruitment
B. Differences in thought processes, perspectives, and problem-solving approaches within a team
C. Financial decision-making
D. Marketing strategies

Management MCQS - QUESTION DETAILS

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