Refer to the Scenario Below to Answer the Following Questions

question 84

Multiple Choice

Refer to the scenario below to answer the following questions.
Fun- Spot Fun Park began as a small amusement park in 1985.With nothing more than a merry- go- round,a slide,pony rides,and an ice cream stand,Fun- Spot grew into a popular family attraction with 20 rides,a restaurant,and an outdoor performing arts theater.
"My wife,Gail,and I didn't know what we were getting into," commented Ron Hart,the owner."We just knew that weekenders coming to the lakes in our rural area represented an untapped market."
Today,thousands of visitors flock to Fun- Spot: families,children of all ages,and even senior citizens who enjoy strolling through the gardens and arbor.
"There's something here for everyone," Gail Hart said with a smile."Dozens of companies hold annual company picnics here.We have welcomed class field trips.And we even had one wedding here at the park!"
"Here's the funny thing," Ron chimed in."We really don't know why we've been so successful.There is nothing else like Fun- Spot Fun Park in the area.We were just lucky."
"I think it's the ambience of the park that has brought so many visitors," Gail added."We provide a 'total package' of entertainment.Plus,we try to change our rides and various attractions from time to time for variety"
Ron and Gail Hart admitted that making every visitor happy is a priority."That has always been our philosophy," they said."Like it says on the entrance to the park,'We're here to make you happy!' And we've always been able to deliver on that because we've never allowed ourselves to grow too big too quickly."
-Which of the following would be classified as an opportunity in a SWOT analysis of Fun- Spot?

• A)Fun- Spot employees tend to be enthusiastic and young,projecting an image of fun and vitality at Fun- Spot.
• B)A rival amusement park announces plans to open three new rides next season.
• C)A new luxury hotel is being constructed in the area,with the aim of luring more high- spending families on vacation.
• D)Fun- Spot plans to further diversify its offerings by beginning a two- week summer camp for elementary school students.
• E)Gail and Ron have paid off the mortgage on Fun- Spot,significantly reducing their monthly expenses.

Understand the concept, process, and importance of exit interviews and involuntary turnovers.

Identify and differentiate between core and non-core business tasks and decisions on outsourcing.

Understand key management theories including Management by Objectives (MBO) and goal-setting theory.

Comprehend Maslow’s hierarchy of needs and its application to motivation.

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Definitions:

Personality Psychology

A branch of psychology that studies personality and its variation among individuals, including traits, behaviors, and the psychological processes behind them.

Life Stories

Personal narratives that individuals create to give meaning, coherence, and context to their lives.

Dan McAdams

An American psychologist known for his work in personality psychology and the development of a theory of personality based on narrative identity.

Identities

The various ways in which an individual perceives themselves or is recognized within a community, including aspects of personal, social, and cultural identity.