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Business EOPA | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | 100% Pass
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Business EOPA | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | 100% Pass

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  • August 3, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • business eopa questions answers 100 score l

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Business EOPA | Questions & Answers (100 %Score) Latest Updated 2024/2025
Comprehensive Questions A+ Graded Answers | 100% Pass


What is management - It is the process of accomplishing the goals of an organization through the
effective use of people and resourses



Functions of Management: - The process of coordinating work activities so that an organization's
objectives are achieved efficiently and effectively with and through other people



Vision Statement - expresses what the organization should become, where it wants to go strategically



Mission statement - a statement of the firm's business based on a careful analysis of benefits sought by
present and potential customers and an analysis of existing and anticipated environmental conditions



Goals - Things you aim for that take planning and work



Objectives - Tasks that are intended to be accomplished by a specific date, and are stated in specific
terms so that they are measurable



SWOT analysis - identifying internal strengths (S) and weaknesses (W) and also examining external
opportunities (O) and threats (T)



Strategic planning - the managerial process of creating and maintaining a fit between the organization's
objectives and resources and the evolving market opportunities



Tactical planning - A set of procedures for translating broad strategic goals and plans into specific goals
and plans that are relevant to a distinct portion of the organization, such as a functional area like
marketing.



Operational planning - The process of setting work standards and schedules necessary to implement the
company's tactical objectives

, Contingency planning - The process of preparing alternative courses of action that may be used if the
primary plans don't achieve the organization's objectives



Decision making - Assessing and choosing among alternatives.



Problem solving - The behavior of individuals when confronted with a situation or task that requires
insight or determination of some unknown elements.



Brainstorming - Problem-solving technique that involves considering all possible solutions without
making prior evaluative judgments.



PMI - Project Management Institute



Organization chart - traces the line of authority within the corporation



Top management - The highest level of management, consisting of the president and other key company
executives who develop strategic plans.



Middle management - Which level of management includes job titles such as general manager, division
manager, or plant manager



Supervisory management - perform hands on functions in addition to supervisory functions. Direct daily
work, create work schedules, and monitor the quality of the work and productivity of staff. They also
train and recruit.



Technical skills - The ability to apply specialized knowledge or expertise.



Human relations skills - skills that involve communication and motivation; they enable managers to work
through and with people



Conceptual skills - The ability to see the organization as a whole, understand how the different parts
affect each other, and recognize how the company fits into or is affected by its environment

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