To Make Good Decisions, a Successful Manager Must Be Able

question 65

Multiple Choice

To make good decisions, a successful manager must be able to think abstractly in order to picture the organization as a whole and to understand its relationship to the rest of the business community. In other words, the manager must have ________.

• A)conceptual skills
• B)decision-making skills
• C)interpersonal skills
• D)community relations skills

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Definitions:

Domestic Manufacturing

The production of goods within a country's borders, focusing on local industries and labor forces rather than outsourcing.

Currency Valuation

The process of determining the value of one currency in terms of another, often influenced by market conditions, economic indicators, and governmental policies.

Textile-Producing

Involved in the manufacture of cloth or fabric materials, typically involving the spinning, weaving, or knitting of fibers.

Foreign Exchange

The exchange of one currency for another or the conversion of one currency into another currency.