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CAIB 4 Exam Questions with Correct Answers

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CAIB 4 Exam Questions with Correct Answers What are the two approaches to planning? Explain each - Answer-1) Top Down Planning - Management provides the mission, strategies, and objectives for the brokerage 2) Bottom Up Planning - Management provides the mission and broad strategies. Leaves the objectives, goals and activities to business units. What are the advantages and disadvantages of top down planning? - AnswerAdvantages: Management feels in control and in charge of decision makin...

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CAIB 4 Exam Questions and Correct Answers

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CAIB 4 Exam Questions and Correct Answers 4 Forms of operating affiliations - Answer-loosely knit, general purpose groups, clusters, common identity groups What are the considerations when evaluating operating affiliations - Answer-services and support, exclusivity, fees, contractual agreement, financial strength What is the law of agency - Answer-when one entity acts on behalf of another 6 activities with human resources management function - Answer-planning, selecting, orienting, tra...

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