11
Which of the following is a risk when seeking synergy in a merger or acquisition?
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B.
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D.
Answer & Solution
Solution:

One of the risks of seeking synergy in mergers or acquisitions is the challenge of integrating different corporate cultures, management styles, and operational systems. This can create friction and reduce the expected benefits of synergy.

12
What is "synergistic advantage" in business?
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B.
C.
D.
Answer & Solution
Solution:

Synergistic advantage refers to the competitive edge gained when multiple entities work together, combining their resources and capabilities to produce a result that is more valuable than what each entity could achieve individually.

13
What does "Management by Objectives" (MBO) mean?
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B.
C.
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Answer & Solution
Solution:

Management by Objectives (MBO) is a process where managers and employees collaborate to set clear, measurable goals and work together to achieve them within a specified period.

14
What is "Leadership" in management?
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B.
C.
D.
Answer & Solution
Solution:

Leadership in management refers to the ability of a manager to inspire, motivate, and direct a team to meet the goals and objectives of the organization.

15
What does "Strategic Planning" involve?
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B.
C.
D.
Answer & Solution
Solution:

Strategic planning is the process of defining an organization’s long-term goals and the strategies or actions required to achieve those goals, typically involving top management.

16
What is "KPI" (Key Performance Indicator)?
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B.
C.
D.
Answer & Solution
Solution:

KPIs are measurable values used to evaluate how well an individual, team, or organization is achieving specific goals. They help track performance and make informed decisions.

17
What is "Conflict Resolution" in management?
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B.
C.
D.
Answer & Solution
Solution:

Conflict resolution in management refers to the methods and processes used to resolve disputes among employees or between employees and management, ensuring a peaceful and productive work environment.

18
What is "Corporate Social Responsibility" (CSR)?
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B.
C.
D.
Answer & Solution
Solution:

CSR refers to a company’s commitment to conduct its operations in an ethical and socially responsible manner, addressing issues like environmental sustainability, employee welfare, and community engagement.

19
What is "Total Quality Management" (TQM)?
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B.
C.
D.
Answer & Solution
Solution:

TQM is a management approach focused on improving the quality of products and services through continuous improvement, customer satisfaction, and involvement of all employees in the process.

20
What is "Benchmarking"?
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B.
C.
D.
Answer & Solution
Solution:

Benchmarking involves evaluating a company's products, services, or processes by comparing them with industry leaders or competitors to identify areas for improvement and set standards.