In Most Small Businesses, Which of the Following Is the Lowest

question 103

Multiple Choice

In most small businesses, which of the following is the lowest priority for managers?

• A)sales
• B)finance
• C)production
• D)HR management

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Definitions:

Contingency Approach

A management theory that suggests the best course of action in business or decision-making depends on the specific circumstances or factors present at the time.

Walter A. Shewart

An American statistician and engineer, known for his works in the field of quality control and the development of the control chart.

Statistical Quality Control

A methodical approach to managing quality that uses statistical techniques to monitor and control processes and outputs.

Bell Laboratories

An industrial research and scientific development company renowned for its significant contributions to technology and science, originally part of AT&T and later Nokia.