Caib 4 exam - Study guides, Class notes & Summaries

CAIB 4 Exam – Questions With Accurate Answers

What are the two approaches to planning? Explain each correct answers1) 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? correct answersAdvantages: Management feels in control and in charge of decision making. Disadvantages: hard to get buy-...

CAIB 4 Exam 105 Questions and Answers with Complete Solutions.

CAIB 3 Practice Exam Questions With Verified & Correct Answers 2024|2025 What is the name given to the collection of written decisions? Correct Answer: Case Law Explain the concept of the Rule of Precedent. Correct Answer: Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". Correct Answer: Compens...

What are the similarities between a strategic plan and an action plan? - correct answer They are both critical steps in the success of a brokerage They both flow from the mission statement They both use the same process (top down/bottom up) What are the differences between a strategic plan and an action plan? - correct answer strategic plans are for three to five years; action plans are for one year strategic plans apply to the brokerage as a whole; action plans apply to a partic...

CAIB 4 Exam Questions and Answers 100% Pass 4 Forms of operating affiliations - Answer- loosely knit, general purpose groups, clusters, common identity groups What are the considerations when evalutating 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,...

CAIB 4 Exam Questions With 100% Correct Answers 2024|2025 What are the two approaches to planning? Explain each - Correct 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? - Correct Answer Advantages: Management feels in control...

CAIB 4 Chapter 4 Exam Questions and Answers 100% Correct Successful leadership results in knowledgeable, dedicated and motivated employees working effectively together to achieve the brokerage's mission, strategies, objectives and goals. Identify the six components of leading. - Answer- 1. Delegating 2. Motivating 3. Communicating 4. Managing conflict 5. Managing change 6. Coaching Delegating is the art of accomplishing objectives and achieving goals through the involvement of others...

CAIB 4 Chapter 4 Exam Questions and Answers 100% Correct Successful leadership results in knowledgeable, dedicated and motivated employees working effectively together to achieve the brokerage's mission, strategies, objectives and goals. Identify the six components of leading. - Answer- 1. Delegating 2. Motivating 3. Communicating 4. Managing conflict 5. Managing change 6. Coaching Delegating is the art of accomplishing objectives and achieving goals through the involvement of others...

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? - Answer- Advantages: Management feels in control and in charge of decision makin...