Marietta Is the Product Manager at Fireflies Ltd

question 103

Multiple Choice

Marietta is the product manager at Fireflies Ltd., a company that designs and manufactures clothes and fashion accessories. Noticing the rising popularity of rhinestone jewelry and the fact that only a handful of stores actually stocked it, she decided to take advantage of the latent demand in the market. Marietta knew that she was taking a risk by committing organizational resources to pursuing this idea, but was confident about the merit of her decision. In deciding the allocation of resources for attaining her goals, which managerial task can Marietta be said to be performing?

• A) Leading
• B) Organizing
• C) Planning
• D) Restructuring
• E) Controlling

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Definitions:

Accurate Predictions

refers to forecasts or expectations that are precisely correct or very close to the actual outcomes or results.

Correlated Variables

Two variables that show a statistical relationship, where changes in one variable are associated with changes in the other.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables change together.

Weak Relationship

Describes a connection or correlation between two variables or entities that shows minimal interdependence or association.