Proper Operational Management Involves Managing So as to Make a Profit

question 8

Multiple Choice

Proper operational management involves managing so as to make a profit and managing working capital accounts so as to:

• A)minimize interest income
• B)maintain adequate liquidity and cash flow
• C)maximize interest expense
• D)maximize the investment in those accounts

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Definitions:

Political Skill

A combination of social astuteness with the capacity to adjust and adapt behavior to the demands of different situations.

Ingratiating

An attempt to increase one’s attractiveness to others to influence their behavior

Self-promotion

The act of advocating for oneself to advance personal goals, often involving highlighting one's achievements and capabilities to others.

Organizational Citizen

An employee who goes beyond the required duties of their position to contribute positively to the organization's culture and functioning.