Exam 6: Managing for Business Success

Compare and contrast the transactional leadership style with the transformational leadership style.

_____ planning means identifying those aspects of a business that are most likely to be adversely affected by change.

The patterns of formal communication among an organization's members are called its _____.

Managers engage in the organizing function when they allocate resources to carry out a company's plans.

What are the responsibilities of middle managers?

A company usually has a product division structure when it must move goods through several production steps.

The advertising manager and sales supervisor at Greenwalt Advertising perform related job functions and report to the _____ manager.

Newly established Lyons Supermarkets, which shows only a few layers of management on its organization chart, has a _____ organizational structure.

When late McDonald's CEO Jim Cantalupo explained his goal to revitalize the company by increasing sales in existing restaurants, his objective was to assess the company's place in its business environment.

Hans Goering, who manages the allocation of his company's resources to achieve its plans, is involved in the _____ process.

SWOT analysis is a common approach used to:

Dorothy Gibson and her team are currently working on _____ plans that specify her firm's activities and the allocation of its resources.

Managers at ACE Consulting, who generally seek input from subordinates before making decisions, favor a democratic leadership style.

What value does an organization chart have in a business?

General Motors Corp., as everyone knows, makes many brands of cars, SUVs, vans, trucks, and hybrid vehicles. Production and assembly plants are located in numerous states and countries. Each make of vehicle—such as Chevy, Pontiac, and Saturn—is produced by a separate division. -Because the company serves the needs of individual consumers, businesses, police departments, and the military, GM's stock would be worth more if it reorganized into customer divisions.

First-line managers report to top management and oversee the activities of middle managers.

Department heads at St. Claire Machine Works, a $5 million metal fabricating company with operations in four states, are meeting to determine both the management responsibilities that they share in common and those that differ according to different functions. They all set goals, allocate resources, motivate employees, and compare results with original goals. Marketing oversees sales and advertising, while production handles purchasing, engineering, and fabrication. Finance oversees accounting, raising capital, and paying/collecting bills. -Which of the following is a step in the contingency planning process

In the sixstep model of problem solving, selecting the best option is the final task.

A _____ organization groups together people who have comparable skills and perform similar tasks.

An organization chart is a diagram or visual representation delineating the interrelationships of positions within an organization.