Business EOPA Exam Study Guide with Complete Solutions
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Module
EOPA
Institution
EOPA
Business EOPA Exam Study Guide with
Complete Solutions
What is management - Answer️️ -It is the process of accomplishing the goals of an
organization through the effective use of people and resourses
Functions of Management: - Answer️️ -The process of coordinating work activities so
th...
Business EOPA Exam Study Guide with
Complete Solutions
What is management - Answer✔️✔️-It is the process of accomplishing the goals of an
organization through the effective use of people and resourses
Functions of Management: - Answer✔️✔️-The process of coordinating work activities so
that an organization's objectives are achieved efficiently and effectively with and through
other people
Vision Statement - Answer✔️✔️-expresses what the organization should become, where
it wants to go strategically
Mission statement - Answer✔️✔️-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 - Answer✔️✔️-Things you aim for that take planning and work
Objectives - Answer✔️✔️-Tasks that are intended to be accomplished by a specific date,
and are stated in specific terms so that they are measurable
SWOT analysis - Answer✔️✔️-identifying internal strengths (S) and weaknesses (W) and
also examining external opportunities (O) and threats (T)
Strategic planning - Answer✔️✔️-the managerial process of creating and maintaining a fit
between the organization's objectives and resources and the evolving market
opportunities
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