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Which two of the following factors are particularly important when assessing management's ability to successfully operate...

Which two of the following factors are particularly important when assessing management's ability to successfully operate a business that is in a highly cyclical industry?

1. How long the management team has been working together

2. Integrity of the managers

3. Succession planning

4. Ability to manage during economic downturns

ANSWERS -

1 & 4

2 & 4

1 & 3

2 & 3

business   Operations-Management   
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Answer #1

Answer: a) 1 and 4

Cyclical business faces challenges lost of employees due to job security or less payment, many people leave the management board due to slow growth and less work to some of the months of the year and they might search better options. It creates problem to the business organization's operation in a cyclical industry. Longer the people will work with the management team , business will grow better. When economic downturn occurs the role of management will be automatically increased. Their approach to guide and motivate employees and make sustainable business decisions will also care the cyclical business.  

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