A Unique Quiz On Business Studies

The statement is true because the changing nature of markets is an external factor that can significantly impact an organization's operations and strategies. Markets are constantly evolving due to various factors such as technological advancements, shifts in consumer preferences, and changes in economic conditions. These external influences can force companies to adapt and change their business models, products, or services to remain competitive and meet the evolving needs of the market. Therefore, the changing nature of markets is an external influence that can drive organizational change.

The term "Management Role" refers to the different roles that managers play within an organization. These roles include interpersonal, informational, and decisional roles. The educational role, however, is not typically considered a management role. While managers may provide training and education to their employees, the educational role is not one of the primary roles that managers are expected to fulfill. Instead, it is more closely associated with the role of a trainer or educator within the organization.

The given statement represents the Classical-Scientific management theory. This theory emphasizes the importance of hierarchy in the management structure, as well as the functions of planning, organizing, and controlling. It also mentions an autocratic leadership style, which is commonly associated with the Classical-Scientific approach.

E-commerce, new technology & systems, and business culture are the three main internal influences on change. E-commerce refers to the use of electronic platforms for conducting business activities, which has a significant impact on how businesses operate and interact with customers. New technology & systems encompass the adoption and integration of innovative technologies and processes within an organization, driving change and improving efficiency. Business culture, on the other hand, refers to the shared values, beliefs, and behaviors that shape the way people work within a company, influencing their attitudes towards change and their ability to adapt to it. These three factors play a crucial role in driving and managing internal change within an organization.

The examples of management skills listed are People Skills, Complex problem solving and decision making, and Vision. People skills are essential for managing and working with a team effectively. Complex problem solving and decision making are crucial for handling challenging situations and making informed choices. Vision refers to the ability to set goals and create a clear direction for the organization. All these skills are important for effective management and leadership.