Question 1

If a company retrenches,it may be ________.

Accepted Answer

A)  increasing its activities in a particular area 
B)  increasing its investment in a particular area 
C)  reducing its investment in a particular area 
D)  operating multiple businesses in compatible industries as part of its corporate strategy 
A)  increasing its activities in a particular area 
B)  increasing its investment in a particular area 
C)  reducing its investment in a particular area 
D)  operating multiple businesses in compatible industries as part of its corporate strategy C

Question 2

What is the difference between long-term,intermediate,and short-term goals?

Accepted Answer

Long-term goals relate to extended periods of time,typically five years or longer.Intermediate goals are set for a period of one to five years.Short-term goals are typically set for one year or less.

Question 3

Discuss the four main purposes of organizational goal setting.

Accepted Answer

Goal setting provides direction and guidance for managers at all levels,helps firms allocate resources,helps to define corporate culture,and helps managers assess performance.

Question 4

Information managers are responsible for getting products from producers to consumers.

Accepted Answer

A) True 
 B)False

Question 5

The skills needed to perform specialized tasks are called human relations skills.

Accepted Answer

A) True 
 B)False

Question 6

When a sales manager compares actual sales to the quarterly sales quota,she is performing the controlling function of management.

Accepted Answer

A) True 
 B)False

Question 7

Firms develop ________ goals for the very near future.

Accepted Answer

A)  short-term 
B)  intermediate 
C)  tactical 
D)  long-term 
A)  short-term 
B)  intermediate 
C)  tactical 
D)  long-term

Question 8

Why do managers engage in crisis management?

Accepted Answer

Crisis management allows manag

Question 9

Define and explain the four basic functions that constitute the management process.

Accepted Answer

The four basic functions include plannin

Question 10

Which of the following is often concerned with the nuts and bolts of setting goals,choosing tactics,and establishing schedules?

Accepted Answer

A)  strategy 
B)  mission statement 
C)  planning 
D)  controlling 
A)  strategy 
B)  mission statement 
C)  planning 
D)  controlling

Question 11

Marty uses computer forecasts to determine possible outcomes of an intended change in his division.This illustrates ________.

Accepted Answer

A)  strategy formulation 
B)  goal setting 
C)  crisis management 
D)  contingency planning 
A)  strategy formulation 
B)  goal setting 
C)  crisis management 
D)  contingency planning

Question 12

The process of monitoring a firm's performance to make sure that it is meeting its goals is referred to as ________.

Accepted Answer

A)  planning 
B)  leading 
C)  controlling 
D)  organizing 
A)  planning 
B)  leading 
C)  controlling 
D)  organizing

Question 13

Experts estimate that managers get interrupted by the phone every ________ minutes.

Accepted Answer

A)  5 
B)  10 
C)  20 
D)  35 
A)  5 
B)  10 
C)  20 
D)  35

Question 14

Operations managers are responsible for production,inventory,and quality control.

Accepted Answer

A) True 
 B)False

Question 15

Organizational analysis involves scanning the environment for threats and opportunities.

Accepted Answer

A) True 
 B)False

Question 16

Technical skills are utilized most often by top managers in organizations.

Accepted Answer

A) True 
 B)False

Question 17

Describe Best Buy's "centricity" initiative.

Accepted Answer

The keys to centricity are demographics

Question 18

At which level of management are technical skills especially important?

Accepted Answer

Technical skills are most crit

Question 19

What is contingency planning? Why is it important to organizations?

Accepted Answer

Contingency planning is planning for cha

Question 20

What evidence in this scenario indicates that Koch has exercised good decision-making skills?

Accepted Answer

Koch's determination to use only the fin

If a company retrenches,it may be ________.

What is the difference between long-term,intermediate,and short-term goals?

Discuss the four main purposes of organizational goal setting.

Information managers are responsible for getting products from producers to consumers.

The skills needed to perform specialized tasks are called human relations skills.

When a sales manager compares actual sales to the quarterly sales quota,she is performing the controlling function of management.

Firms develop ________ goals for the very near future.

Why do managers engage in crisis management?

Define and explain the four basic functions that constitute the management process.

Which of the following is often concerned with the nuts and bolts of setting goals,choosing tactics,and establishing schedules?

Marty uses computer forecasts to determine possible outcomes of an intended change in his division.This illustrates ________.

The process of monitoring a firm's performance to make sure that it is meeting its goals is referred to as ________.

Experts estimate that managers get interrupted by the phone every ________ minutes.

Operations managers are responsible for production,inventory,and quality control.

Organizational analysis involves scanning the environment for threats and opportunities.

Technical skills are utilized most often by top managers in organizations.

Describe Best Buy's "centricity" initiative.

At which level of management are technical skills especially important?

What is contingency planning? Why is it important to organizations?

What evidence in this scenario indicates that Koch has exercised good decision-making skills?

The U.S.Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

The Global Context of Business

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters

Exam 5: Business Management

If a company retrenches,it may be ________.

What is the difference between long-term,intermediate,and short-term goals?

Discuss the four main purposes of organizational goal setting.

Information managers are responsible for getting products from producers to consumers.

The skills needed to perform specialized tasks are called human relations skills.

When a sales manager compares actual sales to the quarterly sales quota,she is performing the controlling function of management.

Firms develop ________ goals for the very near future.

Why do managers engage in crisis management?

Define and explain the four basic functions that constitute the management process.

Which of the following is often concerned with the nuts and bolts of setting goals,choosing tactics,and establishing schedules?

Marty uses computer forecasts to determine possible outcomes of an intended change in his division.This illustrates ________.

The process of monitoring a firm's performance to make sure that it is meeting its goals is referred to as ________.

Experts estimate that managers get interrupted by the phone every ________ minutes.

Operations managers are responsible for production,inventory,and quality control.

Organizational analysis involves scanning the environment for threats and opportunities.

Technical skills are utilized most often by top managers in organizations.

Describe Best Buy's "centricity" initiative.

At which level of management are technical skills especially important?

What is contingency planning? Why is it important to organizations?

What evidence in this scenario indicates that Koch has exercised good decision-making skills?

The U.S.Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

The Global Context of Business

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters