Management Flashcards
1
Q
What is the 5 ys theory?
A
The 5 y’s theory is…
2
Q
What is delegating and why is it important to a business?
A
Delegating is the act of handing out tasks to employees to fulfil.
3
Q
What is the Maslows hierarchy theory? What are the levels to it and why is it useful to understand?
A
The levels from the bottom are Physiological needs, Safety, Love and Esteem and Self Actualisation.
4
Q
What is problem solving and how is it important?
A
Problem solving is the act of…
5
Q
What is a contigency plan and why is it useful?
A
Contigency planning is when you are planning for what ifs
6
Q
What is decision making?
A
Decision making is the act of…
7
Q
What are KPI’s? How are they useful to a company?
A
They are Key Performance Indicators.
