Question : Case Study 2:
ABC Furniture is a leading furniture manufacturer that faces intense competition in the market. The company wants to implement control systems to ensure the efficiency of its production process and maintain a competitive edge.
Question:
Which feature of controlling is ABC Furniture most likely to emphasize?
Option 1: Goal setting.
Option 2: Employee training.
Option 3: Workplace diversity.
Option 4: External communication.
Correct Answer: Goal setting.
Solution : The correct answer is (a) Goal setting.
Goal setting is a crucial aspect of controlling that involves defining clear and specific objectives for the organization. In ABC Furniture's case, setting goals related to production efficiency, quality standards, cost management, and maintaining a competitive edge can help guide the company's efforts and measure its performance against these goals. By setting well-defined goals, ABC Furniture can monitor its progress, identify any deviations, and take corrective actions to ensure that it stays on track to achieve its objectives. This emphasis on goal setting is essential for enhancing efficiency and competitiveness in a challenging market environment.
Why is controlling important for ABC Furniture?
Option 1: To increase employee turnover.
Option 2: To maintain a competitive edge.
Option 3: To reduce sales revenue.
Option 4: To avoid the planning process.
Question : Case Study 18:
ABC Pharmaceuticals is a company that manufactures and sells medicinal products. The management team at ABC is concerned about maintaining the quality of its products and ensuring compliance with regulatory standards.
Which feature of controlling is ABC Pharmaceuticals most likely to emphasize?
Question : Case Study 11:
Question : Case Study 16: Overcoming Communication Challenges at ABC Tech
ABC Tech prioritizes overcoming communication challenges for seamless information exchange. Consider the following scenario to answer the questions.
Question :
ABC Tech faces difficulties in communication due to differences in perception and attitude among employees. This barrier to effective communication is known as:
Option 1: Semantic barrier
Option 2: Psychological barrier
Option 3: Organizational barrier
Option 4: Personal barrier
Question : Case Study 2: Leadership Qualities at ABC Corporation
ABC Corporation believes in effective leadership to ensure its success in a competitive market. Consider the following scenario to answer the questions.
Which quality is essential for effective leadership at ABC Corporation?
Option 1: Autocratic decision-making
Option 2: Rigid adherence to rules
Option 3: Empathy and communication skills
Option 4: Isolation from employees
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