Managerial Skills – 5 Major Types of Managerial Skills | Principles of Management

Managerial Skills

Managerial Skills

The 5 Major Types of Managerial Skills are described below:

(1) Technical Skills

A technical skill is the ability to apply procedures, techniques, and knowledge of a particular field. For instance, an accounting manager needs basic technical skills of the accounting profession. The need for technical skills decreases as the manager moves up in the organizational hierarchy. The first line managers require a high degree of technical skill in order to supervise subordinates effectively.

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Recession Marketing – What happens to marketing in a recession? | BBA Notes

Recession Marketing

 

Advertising is one of the first expenses cut when a recession hits, mainly because top management mostly people from the financial department does not believe in it; they accept it as a form of defensive insurance, not as a means of generating profits. Whenever revenue is expected to drop, they reduce marketing expenditures since the entire marketing budget is based on expected revenue.

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What is the purpose of pivot tables in a spreadsheet?

What is the purpose of pivot tables in a spreadsheet?

What is the purpose of pivot tables in a spreadsheet?

Pivot tables let you summarize large amounts of data quickly. They have many features, such as filtering and sorting. They play a crucial role in spreadsheet management for the following reasons:

a) A compact, understandable summary of a large amount of data.
b) The ability to query large amounts of data in a variety of user-friendly ways.
c) To focus on the information that we are interested in, we filter, sort, group, and conditionally format the most useful and interesting subset of data.
d) To see different summaries of the source data, move from row to column or column to row (Pivoting).
e) The probability of a useful and accurate analysis is increased by using a pivot table. Obtaining accurate, useful data, having access to the data for analysis, asking the right questions of the available data, and finally, conducting the analysis with the right tools are the biggest challenges we face in data-driven decision support.)
f)  Printing a report that is attractive.

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How does virtual memory differ from main memory and secondary memory?

How does virtual memory differ from main memory and secondary memory?

How does virtual memory differ from main memory and secondary memory?

As a computer design feature, virtual memory gives the illusion that a computer has more memory than it actually has. It is a way for software to use more and more memory than the computer physically has. According to Microsoft, virtual memory is defined as a temporary storage device used by a computer to run programs that require more memory than it has.

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Why excel is called Spreadsheet or Worksheet ?

Why excel is called Spreadsheet or Worksheet ?

Why excel is called Spreadsheet or Worksheet ?

Each workbook can contain many worksheets. A workbook is a Microsoft Excel file where we enter and store related data, whereas a worksheet (spreadsheet) is a collection of cells on one sheet. The same is true with excel, in which many charts and graphs can be inserted and plotted based on the data, which allows for a lot of analysis of data.

Moreover, Excel has the ability to create pivot tables and charts that help to summarize data creatively. This is why Excel is known as spreadsheets and worksheets.

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The service sector has lower productivity improvements than the manufacturing sector because ___________.

The service sector has lower productivity improvements than the manufacturing sector because ___________.

 Options:

A. the service sector uses less skilled labor than manufacturing .
B. the quality of output is lower in services than manufacturing .
C. services usually are labor intensive .
D. service sector productivity is hard to measure .

The Correct Answer Is:

  • C. services usually are labor intensive .

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