What Are Managerial Business Processes

question 17

Multiple Choice

What are managerial business processes?

• A)dynamic, nonroutine, long-term business processes such as financial planning, expansion strategies, and stakeholder interactions
• B)semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements
• C)static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes
• D)None of these are correct.

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Definitions:

Team Culture

The shared values, practices, and norms that shape the behavior and interaction of team members within an organization.

Creative Teamwork

The collaborative effort of a group to generate innovative solutions and ideas through collective creativity.

Leader-Member Exchange

A theory describing the dyadic relationship and exchange between leaders and followers, influencing organizational outcomes.

Situational Approach

A leadership theory suggesting that the most effective leadership style varies according to the situation and the followers' needs.