6, Many companies forbid smoking at work. This is an example of a a, safety proc

Question

6, Many companies forbid smoking at work. This is an example of a

a, safety procedure
b, regulation
c, health insurance policy

7, An organization’s budget is a document that details

a, the headcount assigned to each departmental manager for the year
b, the cash available for business expenses and payroll during a year
c, the financial and physical resources allocated to a project or department for a period

8, General Motors would like an estimate of the chance that Tesla will bring the cost of batteries down from $300 per kWh to $70. Dr. Tetlock has developed a process whereby selected teams are better estimators of future probabilities than experts. General Motors is willing to pay Dr. Tetlock for his teams’ ________ .

a, forecasts
b, scenarios
c, contingency plans

9, Management by objectives is Peter Drucker’s version of goal setting. His concept is that employees commit to goals. A manager should review progress toward individual goals with each employee and then

a, make the individual responsible for the next steps
b, joint discuss the implications
c, reward or punish the employee as appropriate

Explanation / Answer

6) b

The company is following the regulations of government of not allowing people to smoke at open places.

7) c

Part C is the correct explanation of what a budget means in an organisation

8) a

The team is a specialist in estimating future probabilities, i.e forecasts and GM will pay for the this services only which are better than experts.

9) c

There are five steps in this Management by Objectives concept. The final one being rewarding the employees for achieving the objectives as a way of encouragement.

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