Diagnostic Skills

question 72

Multiple Choice

Diagnostic skills

• A)are the skills necessary to accomplish specific tasks within the organization.
• B)are used by managers to communicate with, understand, and motivate individuals and groups.
• C)are used by managers to think in the abstract.
• D)are used by managers to understand cause-and -affect relationships and to recognize the optimal solutions to problems.
• E)are used by managers to plan the big future of the organization.

---

Definitions:

Loan Balance

The remaining amount owed on a loan, not including future interest, at any given time.

Minimum Cash Balance

The lowest amount of cash that a company or individual aims to hold in order to meet short-term obligations.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping organizations manage their liquidity and cash reserves.

Management Use

Management use typically refers to information or resources utilized by the management team for decision-making and strategic planning purposes.