SEVI EXAM 2 Practice Problems Questions and Answers | Latest Version | 2024/2025 | 100% Verified
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Course
SEVI
Institution
SEVI
SEVI EXAM 2 Practice Problems
Questions and Answers | Latest Version
| 2024/2025 | 100% Verified
What is the primary focus of strategic management?
A) Day-to-day operations
B) Long-term organizational goals and resource allocation
C) Employee performance evaluations
D) Financial reportin...
SEVI EXAM 2 Practice Problems
Questions and Answers | Latest Version
| 2024/2025 | 100% Verified
What is the primary focus of strategic management?
A) Day-to-day operations
B) Long-term organizational goals and resource allocation
C) Employee performance evaluations
D) Financial reporting
✔✔ B) Long-term organizational goals and resource allocation
Which of the following best defines organizational culture?
A) The physical layout of a company
B) The values, beliefs, and behaviors that shape how work gets done
C) The financial health of an organization
D) The technology used by a company
✔✔ B) The values, beliefs, and behaviors that shape how work gets done
1
,What is a common tool used in strategic planning?
A) SWOT analysis
B) Daily checklists
C) Budget reports
D) Employee surveys
✔✔ A) SWOT analysis
Which leadership style focuses on building strong relationships and motivating team members?
A) Autocratic
B) Transactional
C) Transformational
D) Laissez-faire
✔✔ C) Transformational
What is the purpose of performance management systems in organizations?
2
,A) To track employee attendance
B) To improve employee performance and achieve organizational goals
C) To minimize communication among teams
D) To enforce strict hierarchies
✔✔ B) To improve employee performance and achieve organizational goals
What does the term "stakeholder" refer to in a business context?
A) Individuals or groups affected by or interested in a company's operations
B) Only the company's employees
C) Investors only
D) Competitors in the market
✔✔ A) Individuals or groups affected by or interested in a company's operations
What is the significance of conducting a market analysis?
A) To understand employee performance
B) To assess market trends and consumer needs
3
, C) To enforce pricing strategies
D) To evaluate financial health
✔✔ B) To assess market trends and consumer needs
How does effective communication impact management?
A) It creates confusion among employees
B) It enhances collaboration and decision-making
C) It limits the sharing of information
D) It only matters in top-level management
✔✔ B) It enhances collaboration and decision-making
Which of the following is an essential skill for a successful manager?
A) Time travel
B) Technical expertise in all areas of the business
C) Interpersonal and communication skills
D) Strict adherence to rules
4
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