The Political Skills of a Manager Consist Mainly of the Ability

question 50

True/False

The political skills of a manager consist mainly of the ability to understand the workings of government and to present information effectively to others in the form of political speechmaking.

Grasp the principles of making decisions on unprofitable segments and the broader impacts of such decisions.

Understand the application of incremental analysis across various managerial decisions, such as special orders, equipment replacement, and further processing decisions.

Understand different organizational structures and their characteristics.

Comprehend the concept and process of organizational change including external and internal forces.

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Definitions:

Company-specific Risk

The risk associated with an individual company, including factors like management competence, product demand, and industry competition.

Correlation

The tendency of two variables to move together.

Two-asset Portfolio

It is a financial portfolio comprising two different assets, aimed at diversifying investment risk.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.