Question

What is the primary managerial responsibility in an organization? Multiple Choice O Development of employees. 0 Development of profits 0 Decision making 0 Development of performance measurements.

Answer 1

Answer: Development of Performance Measurements

It's the primary responsibility to Set Strategic Goals and Develop Policies

Every company needs to have goals that direct its operations. The business manager is the person in charge of determining the company's position with the market and setting goals for future growth. Within a larger company, this task may take place on the departmental level and therefore vary between managers.

For example, the production manager might be looking to improve worker safety on the floor and increase production output by 5 percent, while the manager of the marketing department focuses on improving customer engagement with the company through social media and modernizing the company's packaging.

In a small business, it may actually be the company owner who functions in this strategic role. Because they are "doing it all," the tasks are varied and may include:

-Determining the company's mission.
-Setting quarterly sales goals.
-Deciding on appropriate credit terms.
-Selecting venues for marketing the company's products.