List and Explain the Three Management Skills

question 53

Essay

List and explain the three management skills.

Realize the foundational step of establishing investment goals in creating a successful investment plan.

Acknowledge the necessity of financial literacy and the overwhelming availability of investment information.

Understand the roles and responsibilities of different management levels in an organization.

Differentiate between efficiency and effectiveness in organizational productivity.

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Definitions:

Sherman Act

A foundational antitrust law in the United States aimed at promoting competition by prohibiting monopolies and unfair business practices.

Antitrust Law

A body of laws and regulations aimed at promoting business competition and preventing unfair business practices such as monopolies, cartels, and mergers that limit competition.

Competition

The rivalry among businesses to attract customers, increase sales, and develop innovative products and services.

Sherman Act

A landmark federal statute in antitrust law passed by Congress in 1890, which prohibits monopolistic practices and promotes competitive markets.