Question 1

Effective controlling requires the existence of plans,

Accepted Answer

A)   since planning provides the necessary performance standards or objectives.
B)   since understanding the mission of the organization requires strategic plan.
C)   since control techniques are budget and performance audits.
D)   since managers must show compliance with company policies. A

Question 2

The three informational roles assumed by a manager are primarily concerned with providing information outside the organization.

Accepted Answer

A) True 
 B)False  False

Question 3

Principles of management are often discussed or learned using a framework of _______.

Accepted Answer

planning, organizing, leading, and controlling

Question 4

Why is entrepreneurship defined as a process ion 3

Accepted Answer

The answer of Why is entrepreneurship defined as a process...

Question 5

Controlling involves ensuring that performance does not deviate from _____________.

Accepted Answer

The answer of Controlling involves ensuring that performance does not...

Question 6

_______________ is the function of management that involves developing an organizational structure and allocating human resources.

Accepted Answer

The answer of _______________ is the function of management that...

Question 7

Since there have been tremendous changes in the environment faced by managers, the functions of planning, organizing, leading and controlling are not considered essential functions by many organizations today.

Accepted Answer

A) True 
 B)False

Question 8

The difference between group and team is:

Accepted Answer

A)   A collection of people is a group and not necessarily a team
B)   Complementary skills are found in a group but not a team
C)   The aim and purpose of a group is to perform in the workplace
D)   Groups are defined by their relatively small size.

Question 9

Economic performance of a firm is a function of its success in producing benefits for its owners in particular, accomplished through product innovation and the efficient use of resources to produce some form of profit.

Accepted Answer

A) True 
 B)False

Question 10

Traditionally, ___________ was based on principles of division of labor and specialization.

Accepted Answer

The answer of Traditionally, ___________ was based on principles of...

Question 11

Environmental scanning is the act of analyzing the critical external contingencies and trends facing an organization in terms of:

Accepted Answer

A)   economic conditions, employees capabilities, and stakeholders.
B)   economic conditions, competitors, and customers.
C)   competitors, and economic and financial capabilities.
D)   stakeholders, community conditions and customers.

Question 12

CSR is a concept whereby organizations consider the interest of ________ by taking responsibility for the impact of their activities on customers, suppliers, employees, communities, and the environment in all aspects of their operations.

Accepted Answer

The answer of CSR is a concept whereby organizations consider...

Question 13

Monitor, disseminator, and spokesperson are the three decisional managerial roles in an organization.

Accepted Answer

A) True 
 B)False

Question 14

Describe leadership.

Accepted Answer

The answer of Describe leadership....

Question 15

Entrepreneurs are the catalysts for value creation by first identifying a(an) _______________.

Accepted Answer

The answer of Entrepreneurs are the catalysts for value creation...

Question 16

Managers are responsible for getting activities completed efficiently and achieving the firm's goals by utilizing:

Accepted Answer

A)   human, financial, and material resources.
B)   information, human, and service resources.
C)   human resources, organizational competitiveness, and organizational goals.
D)   financial resources, top management, and organizational goals.

Question 17

Organizational citizenship behaviors can be understood as:

Accepted Answer

A)   individual behaviors that are beneficial to the organization and not recognized by the formal reward system.
B)   individual behaviors that are beneficial to the organization and are recognized by the formal reward system.
C)   group behaviors that are beneficial to the organization and are recognized by the formal reward system.
D)   group behaviors that are beneficial to the organization and are not recognized by the formal reward system.

Question 18

What are the three interpersonal roles a manager may assume in an organization?

Accepted Answer

The answer of What are the three interpersonal roles a...

Question 19

In the role of spokesperson, the manager disseminates the organization's information to the units and departments.

Accepted Answer

A) True 
 B)False

Question 20

There are two decisional managerial roles in an organization.

Accepted Answer

A) True 
 B)False

Exam 1: Introduction to Principles of Management

Effective controlling requires the existence of plans,

The three informational roles assumed by a manager are primarily concerned with providing information outside the organization.

Principles of management are often discussed or learned using a framework of _______.

Why is entrepreneurship defined as a process ion 3

Controlling involves ensuring that performance does not deviate from _____________.

_______________ is the function of management that involves developing an organizational structure and allocating human resources.

Since there have been tremendous changes in the environment faced by managers, the functions of planning, organizing, leading and controlling are not considered essential functions by many organizations today.

The difference between group and team is:

Economic performance of a firm is a function of its success in producing benefits for its owners in particular, accomplished through product innovation and the efficient use of resources to produce some form of profit.

Traditionally, ___________ was based on principles of division of labor and specialization.

Environmental scanning is the act of analyzing the critical external contingencies and trends facing an organization in terms of:

CSR is a concept whereby organizations consider the interest of ________ by taking responsibility for the impact of their activities on customers, suppliers, employees, communities, and the environment in all aspects of their operations.

Monitor, disseminator, and spokesperson are the three decisional managerial roles in an organization.

Describe leadership.

Entrepreneurs are the catalysts for value creation by first identifying a(an) _______________.

Managers are responsible for getting activities completed efficiently and achieving the firm's goals by utilizing:

Organizational citizenship behaviors can be understood as:

What are the three interpersonal roles a manager may assume in an organization?

In the role of spokesperson, the manager disseminates the organization's information to the units and departments.

There are two decisional managerial roles in an organization.