Generally a business manager is concerned with problems of

Q17) “Generally a business manager is concerned with problems of his own business units. He does not study the economic problems of an economy as a whole.” State whether the above statement is___________

Try again

Correct

Try again

Solution:
While it is true that a business manager is primarily concerned with the problems of his or her own business unit, it is also important for the manager to have an understanding of the broader economic environment in which the business operates.

Economic conditions such as inflation, interest rates, and exchange rates can have a significant impact on a business's operations and profitability.

Furthermore, changes in the overall economy can create new business opportunities or threats that a manager needs to be aware of in order to make informed decisions.

Therefore, while a business manager's primary focus is on the performance of their own unit, they cannot ignore the economic context in which the business operates. Answer given in module is option(a)

Correct option is (c)

C A foundation Economics Paper4 Part I Questions for practice