Two Important Capabilities That an Owner Manager Ought to Have

question 25

Multiple Choice

Two important capabilities that an owner manager ought to have are:

• A) public image and banking contacts.
• B) good health and expertise in the fundamentals of management.
• C) industry connections and knowledge.
• D) pleasant personality and talent.

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Definitions:

Job Enrichment

A method of motivating employees by adding more meaningful tasks and duties to their role to increase engagement and satisfaction.

Job Enlargement

Was developed to increase the total number of tasks workers perform based on the assumption that doing the same basic task over and over is the primary cause of worker dissatisfaction.

Job Description

A formal account of an employee's responsibilities, duties, and scope of work.

Reduction Strategy

A plan implemented to decrease the scale, scope, or operations of an organization, often as part of cost-cutting measures or organizational restructuring.