Question 1

When conducting a SWOT analysis of an organization,which question can help management brainstorm for the strengths section of the analysis?

Accepted Answer

A)  What external changes present interesting possibilities? 
B)  What aspect of the organization's vision can be altered? 
C)  What necessary skills do the organization's employees currently lack? 
D)  What does the organization offer that makes it stand out from other organizations? 
E)  What external economic forces can affect the organization's bottom line? 
A)  What external changes present interesting possibilities? 
B)  What aspect of the organization's vision can be altered? 
C)  What necessary skills do the organization's employees currently lack? 
D)  What does the organization offer that makes it stand out from other organizations? 
E)  What external economic forces can affect the organization's bottom line? D

Question 2

The marketing manager wants to increase regional sales by 2 percent each quarter over the next year.This is an example of what kind of goal?

Accepted Answer

A)  Long-term 
B)  Intermediate 
C)  Short-term 
D)  Strategic 
E)  Tactical 
A)  Long-term 
B)  Intermediate 
C)  Short-term 
D)  Strategic 
E)  Tactical C

Question 3

Describe and discuss the three levels of management and their roles in the organization.

Accepted Answer

A key role of top managers is mentoring and developing those who work for them.Top managers are responsible for the overall performance and effectiveness of the firm.This is done by setting general policies,formulating strategies and approving all significant decisions.Top managers also represent the company in dealings with other firms and the government.Middle managers are responsible for implementing the strategies set by top managers,and working towards those goals.First line managers supervise the work of employees who report to them,and ensure employees understand and are trained in company policies and procedures.

Question 4

Corporate culture is largely a result of state and local laws and regulations.

Accepted Answer

A) True 
 B)False

Question 5

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 6

Which of the following is TRUE about corporate culture?

Accepted Answer

A)  It can direct employees' efforts toward goals. 
B)  It is usually determined by outside forces. 
C)  It cannot be changed. 
D)  It is easy to change. 
E)  It rarely affects newcomers in an organization. 
A)  It can direct employees' efforts toward goals. 
B)  It is usually determined by outside forces. 
C)  It cannot be changed. 
D)  It is easy to change. 
E)  It rarely affects newcomers in an organization.

Question 7

Fostering new ideas and innovation and resolving conflicts within a department is a responsibility under which managerial role?

Accepted Answer

A)  Interpersonal 
B)  Resource allocator 
C)  Decisional 
D)  Disturbance handler 
E)  Informational 
A)  Interpersonal 
B)  Resource allocator 
C)  Decisional 
D)  Disturbance handler 
E)  Informational

Question 8

Which of the following BEST describes a mission?

Accepted Answer

A)  An objective that a business hopes and plans to achieve 
B)  A broad set of organizational plans for implementing decisions made for achieving organizational goals 
C)  The shared experiences, stories, beliefs, and norms that characterize an organization 
D)  An organization's statement of how it will achieve its purpose in the environment in which it conducts business 
E)  An organization's competitive standing in the marketplace 
A)  An objective that a business hopes and plans to achieve 
B)  A broad set of organizational plans for implementing decisions made for achieving organizational goals 
C)  The shared experiences, stories, beliefs, and norms that characterize an organization 
D)  An organization's statement of how it will achieve its purpose in the environment in which it conducts business 
E)  An organization's competitive standing in the marketplace

Question 9

An accountant's ability to audit a company's records is an example of what type of skills?

Accepted Answer

A)  Motor skills 
B)  Technical skills 
C)  Human relations skills 
D)  Conceptual skills 
E)  Decision-making skills 
A)  Motor skills 
B)  Technical skills 
C)  Human relations skills 
D)  Conceptual skills 
E)  Decision-making skills

Question 10

Corporate culture influences management's philosophy,style,and behavior.

Accepted Answer

A) True 
 B)False

Question 11

Which level of management sets general policies,formulates strategies,approves all significant decisions,and represents the company in dealings with other firms and with government bodies?

Accepted Answer

A)  Operations managers 
B)  Production managers 
C)  Top managers 
D)  Middle managers 
E)  First-line managers 
A)  Operations managers 
B)  Production managers 
C)  Top managers 
D)  Middle managers 
E)  First-line managers

Question 12

What is SWOT analysis?

Accepted Answer

After strategic goals have been set,orga

Question 13

Managers have many roles within the organization.Discuss the interpersonal roles of managers and how those roles affect the organization.

Accepted Answer

Three interpersonal roles are inherent i

Question 14

Which type of manager is responsible for implementing the strategies,policies,and decisions made by top managers?

Accepted Answer

A)  First-line manager 
B)  Middle manager 
C)  Supervisory manager 
D)  Office manager 
E)  Financial managers 
A)  First-line manager 
B)  Middle manager 
C)  Supervisory manager 
D)  Office manager 
E)  Financial managers

Question 15

Business strategy focuses on improving the company's competitive position.

Accepted Answer

A) True 
 B)False

Question 16

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 17

When conducting a SWOT analysis of an organization,which question can help management brainstorm for the threats section of the analysis?

Accepted Answer

A)  What external changes present interesting possibilities? 
B)  What aspect of the organization's vision can be altered? 
C)  What necessary skills do the organization's employees currently lack? 
D)  What does the organization offer that makes it stand out from other organizations? 
E)  What external economic forces can affect the organization's bottom line? 
A)  What external changes present interesting possibilities? 
B)  What aspect of the organization's vision can be altered? 
C)  What necessary skills do the organization's employees currently lack? 
D)  What does the organization offer that makes it stand out from other organizations? 
E)  What external economic forces can affect the organization's bottom line?

Question 18

Differentiate among strategic,tactical,and operational plans.

Accepted Answer

Strategic plans reflect decisions about

Question 19

Discuss how new technologies have shaped management communication and decision-making skills.

Accepted Answer

One significant issue facing tomorrow's

Question 20

Discuss the four main purposes of organizational goal setting.

Accepted Answer

Goal setting provides direction and guid

When conducting a SWOT analysis of an organization,which question can help management brainstorm for the strengths section of the analysis?

The marketing manager wants to increase regional sales by 2 percent each quarter over the next year.This is an example of what kind of goal?

Describe and discuss the three levels of management and their roles in the organization.

Corporate culture is largely a result of state and local laws and regulations.

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

Which of the following is TRUE about corporate culture?

Fostering new ideas and innovation and resolving conflicts within a department is a responsibility under which managerial role?

Which of the following BEST describes a mission?

An accountant's ability to audit a company's records is an example of what type of skills?

Corporate culture influences management's philosophy,style,and behavior.

Which level of management sets general policies,formulates strategies,approves all significant decisions,and represents the company in dealings with other firms and with government bodies?

What is SWOT analysis?

Managers have many roles within the organization.Discuss the interpersonal roles of managers and how those roles affect the organization.

Which type of manager is responsible for implementing the strategies,policies,and decisions made by top managers?

Business strategy focuses on improving the company's competitive position.

What type of analysis focuses on external factors?

When conducting a SWOT analysis of an organization,which question can help management brainstorm for the threats section of the analysis?

Differentiate among strategic,tactical,and operational plans.

Discuss how new technologies have shaped management communication and decision-making skills.

Discuss the four main purposes of organizational goal setting.

The US 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

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 Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters

Exam 5: Managing the Business

When conducting a SWOT analysis of an organization,which question can help management brainstorm for the strengths section of the analysis?

The marketing manager wants to increase regional sales by 2 percent each quarter over the next year.This is an example of what kind of goal?

Describe and discuss the three levels of management and their roles in the organization.

Corporate culture is largely a result of state and local laws and regulations.

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

Which of the following is TRUE about corporate culture?

Fostering new ideas and innovation and resolving conflicts within a department is a responsibility under which managerial role?

Which of the following BEST describes a mission?

An accountant's ability to audit a company's records is an example of what type of skills?

Corporate culture influences management's philosophy,style,and behavior.

Which level of management sets general policies,formulates strategies,approves all significant decisions,and represents the company in dealings with other firms and with government bodies?

What is SWOT analysis?

Managers have many roles within the organization.Discuss the interpersonal roles of managers and how those roles affect the organization.

Which type of manager is responsible for implementing the strategies,policies,and decisions made by top managers?

Business strategy focuses on improving the company's competitive position.

What type of analysis focuses on external factors?

When conducting a SWOT analysis of an organization,which question can help management brainstorm for the threats section of the analysis?

Differentiate among strategic,tactical,and operational plans.

Discuss how new technologies have shaped management communication and decision-making skills.

Discuss the four main purposes of organizational goal setting.

The US 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

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 Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters