In Comparing the Types of Skills Used by Managers at Different

question 26

Multiple Choice

In comparing the types of skills used by managers at different levels within an organization,it is generally true that:

• A)top managers use mainly technical skills and middle and first-line managers use mostly conceptual skills.
• B)first-line managers use mainly technical and human relations skills,while top managers devote most of their time to activities involving human relations and conceptual skills.
• C)the specific skills used at different levels of management do vary,but conceptual skills are the most important at all levels.
• D)the types of skills used by managers do not change much from one level of management to another.

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Definitions:

Cumulative Profit

The total amount of profit or loss generated over a specific period of time, taking into account all revenues and expenses up to that point.

Probability

A statistical measure representing the chance or likelihood that a particular event will happen, expressed as a fraction or percentage.

NPV Value

Net Present Value, a calculation used in finance to determine the value of a series of future cash flows projected to be received or paid, adjusted for the time value of money.

Probability

A scale from 0 to 1 used to quantify the likelihood of an event's occurrence.