11
Which of the following is a risk when seeking synergy in a merger or acquisition?
A.
B.
C.
D.
Answer & 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?
A.
B.
C.
D.
Answer & 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?
A.
B.
C.
D.
Answer & 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?
A.
B.
C.
D.
Answer & 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?
A.
B.
C.
D.
Answer & 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)?
A.
B.
C.
D.
Answer & 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?
A.
B.
C.
D.
Answer & 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)?
A.
B.
C.
D.
Answer & 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)?
A.
B.
C.
D.
Answer & 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"?
A.
B.
C.
D.
Answer & 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.
