Question 1

How will the types of goals that Donna will most likely set help her in growing her business?

Accepted Answer

Donna will be wise to create long-term,i

Question 2

What is the difference between a goal and a strategy?

Accepted Answer

A goal is an objective that a business h

Question 3

Which of the following refers to a person's ability to think in the abstract,to diagnose and analyze different situations,and to see beyond the present situation?

Accepted Answer

A)  human relations skills 
B)  decision-making skills 
C)  conceptual skills 
D)  production skills 
E)  technical skills 
A)  human relations skills 
B)  decision-making skills 
C)  conceptual skills 
D)  production skills 
E)  technical skills

Question 4

What are the basic steps in decision making?

Accepted Answer

The basic steps are to gather facts,iden

Question 5

Define the term management.

Accepted Answer

Management is the process of planning,or

Question 6

A strong corporate culture directs employees' efforts and helps everyone work toward the same goals.

Accepted Answer

A) True 
 B)False

Question 7

Which business constituents analyze their competitive environments and plan,organize,direct,and control the operations of their organizations?

Accepted Answer

A)  stockholders 
B)  managers 
C)  regulators 
D)  agents 
E)  customers 
A)  stockholders 
B)  managers 
C)  regulators 
D)  agents 
E)  customers

Question 8

Which of the following,if true,would support the conclusion that disbanding the centralized planning unit helped Disney perform strongly?

Accepted Answer

A)  The centralized planning unit used a decision procedure that required business units to answer the same fundamental questions each year. 
B)  In the entertainment industry, companies can be profitable if just a few of their projects earn extraordinarily high returns. 
C)  The centralized planning unit was created in response to concerns that the company was losing focus on its core business. 
D)  An economic downturn that took place after Disney disbanded the centralized planning unit reduced Disney customers' discretionary income. 
E)  Disney's rivals often change their management structures as part of efforts to make their organizations more efficient and customer-focused. 
A)  The centralized planning unit used a decision procedure that required business units to answer the same fundamental questions each year. 
B)  In the entertainment industry, companies can be profitable if just a few of their projects earn extraordinarily high returns. 
C)  The centralized planning unit was created in response to concerns that the company was losing focus on its core business. 
D)  An economic downturn that took place after Disney disbanded the centralized planning unit reduced Disney customers' discretionary income. 
E)  Disney's rivals often change their management structures as part of efforts to make their organizations more efficient and customer-focused.

Question 9

What type of skills requires defining problems and selecting the best course of action to take?

Accepted Answer

A)  human relations skills 
B)  production skills 
C)  conceptual skills 
D)  decision-making skills 
E)  technical skills 
A)  human relations skills 
B)  production skills 
C)  conceptual skills 
D)  decision-making skills 
E)  technical skills

Question 10

When he was CEO of Best Buy,Brad Anderson decided to stop paying commission to sales staff.Why was this decision considered risky,and how did it affect sales as well as the relationship with suppliers and customers?

Accepted Answer

When Anderson made this decision,there w

Question 11

What can Donna learn by undertaking an organizational analysis?

Accepted Answer

An organizational an

Question 12

At the end of the month,Donna compares actual sales to the goal that she set during the planning phase.Which of the management functions BEST describes this activity? Why is this important?

Accepted Answer

Donna is now engaging in the process of

Question 13

What are the purposes of having a strong corporate culture?

Accepted Answer

A strong corporate culture serves severa

Question 14

Increasing sales by 4 percent in the next six months would be an example of an intermediate goal.

Accepted Answer

A) True 
 B)False

Question 15

Define the term corporate culture.

Accepted Answer

Corporate culture is the shared stories,

Question 16

An organization retrenches by increasing its investment in a particular area.

Accepted Answer

A) True 
 B)False

Question 17

What type of analysis focuses on external factors?

Accepted Answer

A)  organizational analysis 
B)  governmental analysis 
C)  environmental analysis 
D)  functional analysis 
E)  financial analysis 
A)  organizational analysis 
B)  governmental analysis 
C)  environmental analysis 
D)  functional analysis 
E)  financial analysis

Question 18

If Kohler became known as a provider of products and services that embrace the "essence of gracious living," which of the following would be the MOST likely result?

Accepted Answer

A)  Kohler would feel pressure to expand its business to include a wider range of products and services. 
B)  Customers who had a positive experience with some of Kohler's products would be more interested in trying other Kohler products. 
C)  Kohler's divisions would be more likely to create their own individual mission statements. 
D)  Sales of higher-priced goods and services would increase less than sales of lower-priced goods and services. 
E)  Kohler's customers would be more likely to focus on price and less likely to focus on customer service. 
A)  Kohler would feel pressure to expand its business to include a wider range of products and services. 
B)  Customers who had a positive experience with some of Kohler's products would be more interested in trying other Kohler products. 
C)  Kohler's divisions would be more likely to create their own individual mission statements. 
D)  Sales of higher-priced goods and services would increase less than sales of lower-priced goods and services. 
E)  Kohler's customers would be more likely to focus on price and less likely to focus on customer service.

Question 19

Which description identifies the organizing function of the management process?

Accepted Answer

A)  guiding and motivating employees to meet organizational objectives 
B)  determining how best to arrange an organization's resources into a coherent structure 
C)  scanning the business environment for threats and opportunities 
D)  monitoring an organization's performance to ensure that it is meeting its goals 
E)  determining what an organization needs to do and how best to get it done 
A)  guiding and motivating employees to meet organizational objectives 
B)  determining how best to arrange an organization's resources into a coherent structure 
C)  scanning the business environment for threats and opportunities 
D)  monitoring an organization's performance to ensure that it is meeting its goals 
E)  determining what an organization needs to do and how best to get it done

Question 20

After planning,what is the next step in the management process? Why will Donna need to follow this process?

Accepted Answer

After planning,the next step in the mana

How will the types of goals that Donna will most likely set help her in growing her business?

What is the difference between a goal and a strategy?

Which of the following refers to a person's ability to think in the abstract,to diagnose and analyze different situations,and to see beyond the present situation?

What are the basic steps in decision making?

Define the term management.

A strong corporate culture directs employees' efforts and helps everyone work toward the same goals.

Which business constituents analyze their competitive environments and plan,organize,direct,and control the operations of their organizations?

Which of the following,if true,would support the conclusion that disbanding the centralized planning unit helped Disney perform strongly?

What type of skills requires defining problems and selecting the best course of action to take?

When he was CEO of Best Buy,Brad Anderson decided to stop paying commission to sales staff.Why was this decision considered risky,and how did it affect sales as well as the relationship with suppliers and customers?

What can Donna learn by undertaking an organizational analysis?

At the end of the month,Donna compares actual sales to the goal that she set during the planning phase.Which of the management functions BEST describes this activity? Why is this important?

What are the purposes of having a strong corporate culture?

Increasing sales by 4 percent in the next six months would be an example of an intermediate goal.

Define the term corporate culture.

An organization retrenches by increasing its investment in a particular area.

What type of analysis focuses on external factors?

If Kohler became known as a provider of products and services that embrace the "essence of gracious living," which of the following would be the MOST likely result?

Which description identifies the organizing function of the management process?

After planning,what is the next step in the management process? Why will Donna need to follow this process?

The U.S.Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters

Exam 5: Managing the Business

How will the types of goals that Donna will most likely set help her in growing her business?

What is the difference between a goal and a strategy?

Which of the following refers to a person's ability to think in the abstract,to diagnose and analyze different situations,and to see beyond the present situation?

What are the basic steps in decision making?

Define the term management.

A strong corporate culture directs employees' efforts and helps everyone work toward the same goals.

Which business constituents analyze their competitive environments and plan,organize,direct,and control the operations of their organizations?

Which of the following,if true,would support the conclusion that disbanding the centralized planning unit helped Disney perform strongly?

What type of skills requires defining problems and selecting the best course of action to take?

When he was CEO of Best Buy,Brad Anderson decided to stop paying commission to sales staff.Why was this decision considered risky,and how did it affect sales as well as the relationship with suppliers and customers?

What can Donna learn by undertaking an organizational analysis?

At the end of the month,Donna compares actual sales to the goal that she set during the planning phase.Which of the management functions BEST describes this activity? Why is this important?

What are the purposes of having a strong corporate culture?

Increasing sales by 4 percent in the next six months would be an example of an intermediate goal.

Define the term corporate culture.

An organization retrenches by increasing its investment in a particular area.

What type of analysis focuses on external factors?

If Kohler became known as a provider of products and services that embrace the "essence of gracious living," which of the following would be the MOST likely result?

Which description identifies the organizing function of the management process?

After planning,what is the next step in the management process? Why will Donna need to follow this process?

The U.S.Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters