Exam 1: Understanding the Managers Job

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Farmers can choose to buy and plant drought-tolerant seeds at greater expense than other seeds.The seed producers claim 5-15% increase in yield.Farmer Mitch Schaffner measures his yields and crop quality to analyze if the seeds are worth the expense.This represents which function of management?

(Multiple Choice)
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The marketing,production,and finance functions within Toyota are systems in their own right but are also subsystems within the overall organization.

(True/False)
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Apple is known for its cutting edge technology and rapid growth.Based on this information,Apple is an effective company.

(True/False)
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Amazon sold out of the Kindle Fire on-line a week before unveiling a new Kindle.The launch of the new Kindle coincided with the beginning of the holiday shopping season.This is an example of

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Why do managers study management history and theory?

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Winston interacts with his subordinates with ease,but he is often intimidated and uncomfortable with his superiors.Winston needs to develop his ____ skills.

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Managers who are able to see the overall relationships among their organization,its competitors,its suppliers,and the economy are said to have good technical skills.

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Interpersonal skills enable managers

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____________________ skills refer to the manager's ability to correctly recognize and define problems and opportunities and to then select an appropriate course of action to solve problems and capitalize on opportunities.

(Short Answer)
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If a manager has two employees who commit the same offense,but she realizes that she will have to take a different approach to correcting the behavior of each person,she obviously understands the concept of the ____________________ perspective.

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An example of a human resource is the stockholder who invests money in a corporation.

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How do top managers spend most of their time?

(Multiple Choice)
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Managers can be classified by both the level of the organization at which they work and the area in which they specialize.

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____ provide(s)a conceptual framework for organizing knowledge.

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Subsystems

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Which of the following persons is a manager?

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Julia assigns Jason a project to be completed and then holds periodic meetings with Jason to determine whether target dates for subparts of the project are being met.Which management function do these meetings represent?

(Multiple Choice)
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Managers who select a course of action from among a set of rational alternatives are involved in decision making.

(True/False)
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Describe how the recession of 2008-2010 impacted the new workplace,work force diversity and organizational change.

(Essay)
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Managers who deal with the marketing aspects of a firm are frequently referred to as financial managers.

(True/False)
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