Exam 6: Understanding the Management Process

Grouping resources and activities to efficiently and effectively accomplish a result is called

Kelly is in charge of both accounting and investments and all of the employees involved with these functions at her firm. Kelly is a(n) ____ manager.

Centrum Springs, Inc. Riley has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. His manager is retiring and hopes that Riley will take over for him. However, even though Riley is an experienced employee, there are many things that he still needs to learn. Riley has trained many new employees, but he has never held a management position. Riley needs to have a general understanding of what it takes to be a manager. There are many problems in Riley's department. There are no plans to fall back on in case the initial plan fails. Riley also will need to learn how to direct people in such a way that makes them want to do more than they absolutely have to. Riley feels that this is a great opportunity, and he is anxious to learn everything to be a great manager. He knows that if he performs well in this position, he will have the opportunity to move up the corporate ladder. -Refer to Centrum Springs, Inc. Riley's usual duties represent which of these areas?

The process of establishing an organization's major goals and objectives and allocating the resources to achieve them is called tactical planning.

A manager who has the ability to see the big picture of an organization and to understand how the various parts of the organization can fit together has ____ skills.

American Airlines has established a goal of increasing its profits by 12 percent next year. To ensure that the goal is reached, management monitors profits on a monthly basis. After three months, if profits have not increased by 3 percent, management will take corrective action to get the company on track. By doing so, management is carrying out its ____ function(s).

Which of the following would least likely to be considered a threat to an organization?

Nearly all experts and academics in the field of leadership agree that a participative leadership style is the best within an American organization.

The process of evaluating and regulating ongoing activities to ensure that goals are achieved is known as

Middle managers implement the strategy developed by top management.

In a SWOT analysis, opportunities are considered external to the organization.

Accounting and investments are areas within which management field of specialization?

Which of the three leadership styles described in the textbook is the most effective? Support your position.

Managers who must be familiar with the Equal Employment Opportunity Commission regulations are ____ managers.

Jeanine has formal power in the Coffee Lovers, Ltd. organization while Sam has informal power. One of the primary differences between Jeanine and Sam is that Jeanine has ____ within the organizations while Sam does not.

McDonalds prides itself on its efficiency and value in delivering a product in a very short time. These characteristics can best be defined as McDonalds'