Exam 1: Managers and Managing

Restructuring boosts the morale of employees.

Managers affect society directly with their decisions regarding the use of resources.

Craig is a highly effective manager. This implies that he:

The process of creating new products that customers want is called:

A company with a low level of efficiency and high level of effectiveness is most likely to produce:

Abby, the CEO of Little Angel Photography, reviews the performance of her company over the last quarter to determine whether they are meeting the planned sales and profitability goals. In this instance, which managerial task is she performing?

What is core competency? How is it related to competitive advantage?

Which of the following managerial tasks does a manager perform when he/she articulates a clear organizational vision for the organization's members to accomplish?

Which of the following is a consequence of restructuring?

The amount of time that managers spend planning and organizing resources decreases as they ascend the hierarchy within the organization.

According to Mintzberg's typology, a manager who evaluates the performance of other managers in different tasks and takes corrective action to improve their performance is a _____.

The essential tasks of management include planning, organizing, leading, and controlling.

Marietta is the product manager at Fireflies Ltd., a company that designs and manufactures clothes and fashion accessories. Noticing the rising popularity of rhinestone jewelry and the fact that only a handful of stores actually stocked it, she decided to take advantage of the latent demand in the market. Marietta knew that she was taking a risk by committing organizational resources to pursuing this idea, but was confident about the merit of her decision. In deciding the allocation of resources for attaining her goals, which managerial task can Marietta be said to be performing?

The job-specific skills required to perform a particular type of work or occupation at a high level are called conceptual skills.

Efficiency is a measure of the appropriateness of the goals that managers have selected for the organization to pursue and the degree to which the organization achieves those goals.

Leading is the process that mangers use to select the goals for the organization.

Categorizing people according to their salary into various departments of an organization is known as organizing.

Owing to financial problems in the organization, the top management of an investment bank decided to reduce the number of middle managers by 10 percent. This is an example of _____.

Bob was recently promoted to the position of manager of the engineering division in his company because of his knowledge and his ability to perform all the functions required in his field. In this instance, Bob was promoted because of his _____ skill.

Management teaches people not yet in positions of authority how to lead coworkers, solve conflicts between them, achieve team goals, and thus increase performance.