Question 1

Leading is the management process that involves guiding and motivating employees to meet the firm's objectives.

Accepted Answer

A) True 
 B)False  True

Question 2

Montreal-based Gildan Activewear is pursuing what kind of business-level strategy?

Accepted Answer

A) Investment reduction 
B) Cost leadership 
C) Differentiation 
D) Focus 
E) Horizontal integration 
A) Investment reduction 
B) Cost leadership 
C) Differentiation 
D) Focus 
E) Horizontal integration B

Question 3

Which of the following is the creation of a broad program for defining and meeting an organization's goals?

Accepted Answer

A) Brainstorming 
B) Strategy formulation 
C) Road map planning 
D) Tactic development 
E) Objective mapping 
A) Brainstorming 
B) Strategy formulation 
C) Road map planning 
D) Tactic development 
E) Objective mapping B

Question 4

The analysis of a firm's strengths and weaknesses is known as

Accepted Answer

A) SBU analysis. 
B) barrier analysis. 
C) organizational analysis. 
D) environmental analysis. 
E) contingency analysis. 
A) SBU analysis. 
B) barrier analysis. 
C) organizational analysis. 
D) environmental analysis. 
E) contingency analysis.

Question 5

What are the two basic ways that individuals can acquire the skills necessary to be a manager?

Accepted Answer

The two ba

Question 6

Marilyn is involved in making an important decision regarding the purchase of new equipment for her company's only manufacturing plant.She has just identified several alternative possibilities that will solve the problem that is facing her.What should she do next?

Accepted Answer

A) Select the best alternative 
B) Identify alternatives 
C) Evaluate the alternatives 
D) Implement the chosen alternative 
E) Follow up and evaluate the results 
A) Select the best alternative 
B) Identify alternatives 
C) Evaluate the alternatives 
D) Implement the chosen alternative 
E) Follow up and evaluate the results

Question 7

Why are conceptual skills particularly important for top managers?

Accepted Answer

Conceptual skills allow top managers to

Question 8

Strategic goals are set by

Accepted Answer

A) production employees. 
B) middle management and first-line supervisors. 
C) first-line supervisors. 
D) top managers. 
E) middle management. 
A) production employees. 
B) middle management and first-line supervisors. 
C) first-line supervisors. 
D) top managers. 
E) middle management.

Question 9

Strategic goals are

Accepted Answer

A) derived directly from the mission statement. 
B) derived directly from tactical plans. 
C) derived directly from operational plans. 
D) the product of input from all customers. 
E) the product of input from all employees. 
A) derived directly from the mission statement. 
B) derived directly from tactical plans. 
C) derived directly from operational plans. 
D) the product of input from all customers. 
E) the product of input from all employees.

Question 10

What are the objectives that a business plans to attain called?

Accepted Answer

A) Ambitions 
B) Targets 
C) Intentions 
D) Marks 
E) Goals 
A) Ambitions 
B) Targets 
C) Intentions 
D) Marks 
E) Goals

Question 11

If a firm is building a hotel and plans for two grand opening dates,they are most likely engaged in

Accepted Answer

A) contingency planning. 
B) crisis management. 
C) investment reduction. 
D) differentiation. 
E) a SWOT analysis. 
A) contingency planning. 
B) crisis management. 
C) investment reduction. 
D) differentiation. 
E) a SWOT analysis.

Question 12

If a firm establishes a back-up plan,they are engaging in

Accepted Answer

A) contingency planning. 
B) crisis management. 
C) investment reduction. 
D) differentiation. 
E) none of these. 
A) contingency planning. 
B) crisis management. 
C) investment reduction. 
D) differentiation. 
E) none of these.

Question 13

Why is planning important?

Accepted Answer

Planning is important since it

Question 14

What is intuition?

Accepted Answer

Making decisions based on year

Question 15

What is the difference in the need for conceptual skills at first-line management levels and the need at top management levels,and what accounts for this difference?

Accepted Answer

Top-level managers deal with abstract st

Question 16

What is the difference between management efficiency and management effectiveness?

Accepted Answer

Efficiency means achieving the greatest

Question 17

In a SWOT analysis,strengths and weaknesses are factors that are ________ to the firm,while opportunities and threats are factors that are ________ to the firm.

Accepted Answer

A) irrelevant;relevant 
B) relevant;irrelevant 
C) internal;external 
D) external;internal 
E) central;peripheral 
A) irrelevant;relevant 
B) relevant;irrelevant 
C) internal;external 
D) external;internal 
E) central;peripheral

Question 18

What is escalation of commitment?

Accepted Answer

Remaining committed to a decis

Question 19

Just as every individual has a unique personality,every company has a unique corporate culture.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following are managers?

Accepted Answer

A) President of IBM 
B) Prime minister of Canada 
C) Head of the business department at a local college 
D) Shipping dock foreman 
E) All of these are managers. 
A) President of IBM 
B) Prime minister of Canada 
C) Head of the business department at a local college 
D) Shipping dock foreman 
E) All of these are managers.

Leading is the management process that involves guiding and motivating employees to meet the firm's objectives.

Montreal-based Gildan Activewear is pursuing what kind of business-level strategy?

Which of the following is the creation of a broad program for defining and meeting an organization's goals?

The analysis of a firm's strengths and weaknesses is known as

What are the two basic ways that individuals can acquire the skills necessary to be a manager?

Marilyn is involved in making an important decision regarding the purchase of new equipment for her company's only manufacturing plant.She has just identified several alternative possibilities that will solve the problem that is facing her.What should she do next?

Why are conceptual skills particularly important for top managers?

Strategic goals are set by

Strategic goals are

What are the objectives that a business plans to attain called?

If a firm is building a hotel and plans for two grand opening dates,they are most likely engaged in

If a firm establishes a back-up plan,they are engaging in

Why is planning important?

What is intuition?

What is the difference in the need for conceptual skills at first-line management levels and the need at top management levels,and what accounts for this difference?

What is the difference between management efficiency and management effectiveness?

In a SWOT analysis,strengths and weaknesses are factors that are to the firm,while opportunities and threats are factors that are to the firm.

What is escalation of commitment?

Just as every individual has a unique personality,every company has a unique corporate culture.

Which of the following are managers?

Understanding the Canadian Business System

The Environment of Business

Conducting Business Ethically and Responsibly

Entrepreneurship,small Business,and New Venture Creation

The Global Context of Business

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating,satisfying,and Leading Employees

Operations Management,productivity,and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing,promoting,and Distributing Products

Money and Banking

Financial Decisions and Risk Management

Filters

Exam 6: Managing the Business Enterprise

Leading is the management process that involves guiding and motivating employees to meet the firm's objectives.

Montreal-based Gildan Activewear is pursuing what kind of business-level strategy?

Which of the following is the creation of a broad program for defining and meeting an organization's goals?

The analysis of a firm's strengths and weaknesses is known as

What are the two basic ways that individuals can acquire the skills necessary to be a manager?

Marilyn is involved in making an important decision regarding the purchase of new equipment for her company's only manufacturing plant.She has just identified several alternative possibilities that will solve the problem that is facing her.What should she do next?

Why are conceptual skills particularly important for top managers?

Strategic goals are set by

Strategic goals are

What are the objectives that a business plans to attain called?

If a firm is building a hotel and plans for two grand opening dates,they are most likely engaged in

If a firm establishes a back-up plan,they are engaging in

Why is planning important?

What is intuition?

What is the difference in the need for conceptual skills at first-line management levels and the need at top management levels,and what accounts for this difference?

What is the difference between management efficiency and management effectiveness?

In a SWOT analysis,strengths and weaknesses are factors that are ________ to the firm,while opportunities and threats are factors that are ________ to the firm.

What is escalation of commitment?

Just as every individual has a unique personality,every company has a unique corporate culture.

Which of the following are managers?

Understanding the Canadian Business System

The Environment of Business

Conducting Business Ethically and Responsibly

Entrepreneurship,small Business,and New Venture Creation

The Global Context of Business

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating,satisfying,and Leading Employees

Operations Management,productivity,and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing,promoting,and Distributing Products

Money and Banking

Financial Decisions and Risk Management

Filters

In a SWOT analysis,strengths and weaknesses are factors that are to the firm,while opportunities and threats are factors that are to the firm.