Conceptual Skills Enable Managers to

question 78

Multiple Choice

Conceptual skills enable managers to

• A) take an overall view of how the parts of the organization interrelate and to think strategically.
• B) solve detailed problems for their subordinates.
• C) understand,interact with,and communicate effectively with others in the organization.
• D) correctly diagnose organizational problems.
• E) None of these choices

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Definitions:

Nonfinancial Compensation

Benefits or incentives provided to employees that do not involve direct payment, such as health insurance, retirement plans, or company car.

Employee Recognition Programs

Schemes designed to acknowledge and reward employees for their performance and contributions to the organization.

Health Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured, often offered by employers as part of benefits packages.

CPI

Stands for Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate the economy's inflation rate.