One of the Most Important Things That a Manager Can

question 116

Multiple Choice

One of the most important things that a manager can do for the organization, according to the text, is to:

• A) talk to their employees.
• B) create a climate of trust and openness.
• C) listen to their employees.
• D) ensure that production remains high.
• E) none of these.

Recognize the significance of personal liability and asset protection in business decisions.

Differentiate between general partners and limited partners in terms of liability and operational control.

Explain the process and implications of business franchising, including the rights and responsibilities of franchisors and franchisees.

Understand the principles of agency and the implications for business management and liability.

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Definitions:

Formal Operational Thinking

The stage in cognitive development (typically occurring from age 12 onwards) where individuals develop the ability to think abstractly, logically, and systematically.

Combination-of-Liquids Task

A task used in developmental psychology to assess a child's understanding of conservation concepts, involving the mixing of different volumes or colors of liquids.

Formal Operational

The stage in Piaget's theory of cognitive development where individuals develop the ability to think abstractly, reason logically, and understand hypothetical situations.

Preoperational

A stage in Piaget's theory of cognitive development, occurring from approximately 2 to 7 years of age, characterized by symbolic thought but not yet capable of logical operations.