The Three Basic Roles of Management Are

question 86

Multiple Choice

The three basic roles of management are:

• A)informational, educational, and operational
• B)educational, operational, and intrapersonal
• C)interpersonal, decisional, and informational
• D)decisional, operational, and interpersonal
• E)interpersonal, intrapersonal, and informational

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Definitions:

Annual Losses

The total amount of money lost by a company within a fiscal year, encompassing all expenditures that exceeded revenues.

Mass Customization

Mass Customization is a business strategy that combines the efficiency of mass production with the personalization of custom-made products, catering to individual customer preferences at scale.

Economic Downturns

Periods of poor economic performance characterized by a decline in GDP, which can lead to increased unemployment and lower spending.

Employee Loyalty

The dedication of employees to their company, often reflected in their willingness to remain with the company for a long time.