Exam 6: Understanding the Management Process

Fairwood Construction has set a target of building 10 new houses a year. Halfway through the year it had built only three houses. The owner intends to take some corrective action to ensure the firm reaches its target. Which of the four functions of management does this describe?

Air Canada is completing a SWOT analysis as part of its yearly strategic planning process. It finds out from factory managers that the machinists are threatening to go on strike if wages and benefits aren't increased soon. Until then, the machinists are threatening a work slowdown. This labour dissention would be classified as which of the following for the company?

Augustus, sales manager for a pharmaceutical sales company, sees that his team's sales numbers for the first quarter are well below the goal. He decides to hold a mandatory training session with the entire team, as well as individual meetings with each team member, in an attempt to increase the team's sales numbers. Which function of management does this exemplify?

Warren Buffet hires people he knows can perform their job well without his help. He steps in only when necessary to help fix a problem and sometimes allows his subordinates to make mistakes so that his team can learn from them. Buffett's leadership style can be described as which of the following?

Nathan is a plant manager for National Manufacturing Company. Based on his title, we can assume that Nathan is which type of manager?

After creating a strategic plan, an executive at Microsoft then looks at how to configure her departments to most effectively reach the company's goals. Which function of management is this executive practising?

The new discount airline Swoop currently offers flights within Canada. If executives at Swoop were to perform a SWOT analysis, "flights to Europe" would be classified as which of the following?

Apple stores have some of the highest sales per square foot of any retailer. If you were completing a SWOT analysis, this would be classified as which of the following for the company?

Janelle is an operations manager for a manufacturing firm. She aspires to become chief operating officer at her company one day. Janelle knows that in order to move from her current position to COO, she will need to improve her skills in which of the following areas?

A SWOT analysis is an identification and evaluation of a firm's strengths, weaknesses, and threats along with which of the following?

Sami has a very engaging management style, but some employees are still underperforming. She meets individually with each of them to find out what might help influence them toward meeting the team's common goals. Which function of management is Sami utilizing?

Which level of management is associated with job titles such as president, vice president, and chief executive officer?

Political factors, financial constraints, time limits, and legal obstacles may influence which stage of the managerial decision-making process?

Jamilla is part of top management and oversees all marketing activities of the organization. Which of the following is likely to be her title?

Dwayne is a foreman for a construction crew that pours foundation for residential houses. Dwayne is which type of manager?

Planning, organizing, leading/motivating, and controlling comprise which of the following?

A company decides that it will become the market leader in the poultry business in five years, with a 40% share of the market. This statement would be classified as which of the following?

A company like Rogers might establish a goal of reducing its inventory by 50% over the next year. To ensure that it reaches this goal, the company could monitor its progress on a quarterly or monthly basis. If the managers at Rogers discover they are not on track to achieve this goal, they can take corrective action. Which function of management is being described?

Samsung's VP of research and development is analyzing the development timelines for each of the products slated to launch next year. She wants to make sure these launches are still on track to proceed as planned. Which function of management is the VP engaging in?

On her latest performance review, Marika's manager noted the following: "Marika's technical skills are a strength to her department. She is able to effectively assist her subordinates if they have questions about their daily activities. Further, Marika's communication skills are top notch, and she is well liked by her employees and fellow co-workers. Moving forward, we would like Marika to grow in her ability to see the big picture and create strategic plans to implement organizational goals." Based on her performance review, Marika is likely which type of manager?