Business managers do not need to be aware of the decisions of collective businesses outside their own industry.

Question

Quizplus · Accepted Answer

Business managers should be aware of the decisions of collective businesses outside their own industry as these decisions can have an impact on their own industry. For example, a decision by a government to increase taxes or regulations on one industry can affect other industries as well. Therefore, it is important for managers to keep themselves informed about these decisions.

Business Managers Do Not Need to Be Aware of the Decisions