,1. Multiple Choice: Which of the following is a key characteristic of
transformational leadership?
a) Focusing on short-term goals
b) Maintaining the status quo
c) Inspiring change and innovation in an organization
d) Avoiding risk
Correct Answer: c) Inspiring change and innovation in an
organization
Rationale: Transformational leaders are known for their ability to
drive change and encourage innovation within an organization,
which helps in adapting to and shaping the business environment.
2. Fill-in-the-Blank: __________ is the process of identifying,
assessing, and controlling threats to an organization's capital and
earnings.
Correct Answer: Risk management
Rationale: Risk management is crucial in business management
as it involves the identification and mitigation of factors that could
potentially harm the organization's financial health.
3. True/False: The Hawthorne Effect states that employees will
improve their behavior and productivity if they know they are being
observed.
, Correct Answer: True
Rationale: The Hawthorne Effect is a psychological phenomenon
that suggests the mere awareness of being observed can significantly
impact an individual's behavior.
4. Multiple Response: Select all that apply. Which of the following
are considered core components of corporate social responsibility
(CSR)?
a) Economic viability
b) Legal compliance
c) Ethical conduct
d) Philanthropic efforts
Correct Answers: a) Economic viability, b) Legal compliance, c)
Ethical conduct, d) Philanthropic efforts
Rationale: CSR encompasses a company's efforts to conduct
business in an ethical manner, contribute to economic
development, comply with laws, and give back to society.
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