Asked by Jobin Mathew on May 10, 2024
Verified
Managers assign tasks to employees, arbitrate disputes, answer questions, solve on the spot problems, and make many decisions that affect customers and employees, which in turn, will likely influence future financial and nonfinancial performance.
Assign Tasks
The process of allocating specific duties or responsibilities to individuals or teams within an organization.
Nonfinancial Performance
Measures of an organization's success not directly related to financial gains, such as customer satisfaction, employee engagement, and environmental impact.
- Understand the significance of implementing control measures in management, such as performance evaluations and the Plan-Do-Check-Act (PDCA) Cycle.
Verified Answer
SV
Surjit VictorMay 15, 2024
Final Answer :
True
Explanation :
This statement is true. Managers have many responsibilities that influence both financial and nonfinancial performance, such as assigning tasks, resolving conflicts, and making decisions that impact customers and employees.
Learning Objectives
- Understand the significance of implementing control measures in management, such as performance evaluations and the Plan-Do-Check-Act (PDCA) Cycle.
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