1479. Formal information systems, used in organizations to focus company’s learning and attention given to most important strategic issues are known as

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A. interactive control system
B. belief systems
C. boundary systems
D. diagnostic control systems
✅ The correct answer is option A.
Formal information systems, used in organizations to focus company’s learning and attention given to most important strategic issues are known as interactive control system. Interactive Control System is a management system used to provide strategic feedback, track new ideas, trigger new organizational learning, and to properly position the organization for the future: incorporating process data into management interaction, face-to-face meetings with employees, challenging data, assumptions and action plans of subordinates.

125. Identifying and executing the firm’s mission by matching its capabilities with demands of its environment is the firm’s:

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A. Strategic Management
B. Mission statement
C. Vision
D. SWOT analysis
✅ The correct answer is option A.
Identifying and executing the firm’s mission by matching its capabilities with demands of its environment is the firm’s Strategic Management. The strategic management process is a management technique used to plan for the future: Organizations create a vision by developing long-term strategies.

Type of voting in which all directors in voting lists are voted at same time is classified as

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A. cumulative voting
B. non-cumulative voting
C. dual class voting
D. limited voting
✅ The correct answer is option A.
Type of voting in which all directors in voting lists are voted at same time is classified as cumulative voting. Cumulative voting is a type of voting system that helps strengthen the ability of minority shareholders to elect a director. This method allows shareholders to cast all of their votes for a single nominee for the board of directors when the company has multiple openings on its board.

132. Which of the following is not an element of traditional job design?

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A. Formal Organisation charts
B. Clear and precise job descriptions
C. Well-defined mobility (promotion and transfer) paths
D. Employee number chart
✅ The correct answer is option D.
Employee number chart is not an element of traditional job design. Good job design considers the company’s performance needs along with individual employee skills, needs and motivation. The different elements that fall under consideration include the tasks that need to be performed, job enlargement, job rotation and job enrichment.

1501. Internal marketing is marketing by a service firm to train and effectively motivate its customer-contact employees and all the supporting service people to work as a team to provide customer satisfaction.

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A. TRUE
B. FALSE
Answer: Option A
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✅ The correct answer is option A.
Internal marketing is marketing by a service firm to train and effectively motivate its customer-contact employees and all the supporting service people to work as a team to provide customer satisfaction. Internal marketing is the promotion of a company’s objectives, products and services to employees within the organization. The purpose is to increase employee engagement with the company’s goals and fostering brand advocacy.

131. Which of the following act represents a situation in which employment decisions are NOT affected by illegal discrimination?

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A. Fair employment
B. Legal compliance
C. Litigation Process
D. Affirmative action
✅ The correct answer is option A.
Fair employment act represents a situation in which employment decisions are NOT affected by illegal discrimination. Fair employment is employment of workers on a basis of equality without discrimination or segregation especially because of race, color, or creed.

Financial firms such as mutual fund and insurance companies are also called

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A. insured financials
B. guaranteed business
C. credit business
D. business financial
✅ The correct answer is option D.
Financial firms such as mutual fund and insurance companies are also called business financial. Business Finance means the funds and credit employed in the business. Finance is the foundation of a business.