Question 1

Due to a drop in the sales of its products,a few production employees and sales personnel of Red Fin Products Inc.were laid off.Which aspect of staffing does this scenario illustrate?

Accepted Answer

A)  Downsizing
B)  Bartering
C)  Outsourcing
D)  Benchmarking
E)  DirectingF) C) and E)
G) All of the above

Question 2

Melanie is one of the senior managers in the consumer electronics department of a large company.She is part of a team that determines the objectives of the department based on future trends in the industry and decides how to accomplish them.Melanie is involved in the management function of:

Accepted Answer

A)  staffing.
B)  recruiting.
C)  planning.
D)  crowdsourcing.
E)  factoring.F) C) and D)
G) A) and B)

Question 3

George is a bank manager.He manages the activities of an entire branch without specializing in any one particular function.Thus,George is a(n) _____.

Accepted Answer

A)  human resource manager
B)  production manager
C)  sales manager
D)  administrative manager
E)  marketing managerF) C) and E)
G) D) and E)

Question 4

Xtreme Toys,a company that manufactures toys inspired by popular video games,creates a strategic plan to be the leader in the product category within a period of three years.The company's middle management also creates a half-yearly plan to ensure that the objectives of the strategic plan are properly implemented.The half-yearly plan created by Xtreme Toys can be regarded as a(n) :

Accepted Answer

A)  operational plan.
B)  contingency plan.
C)  static plan.
D)  tactical plan.
E)  executive-level plan.F) A) and C)
G) A) and B)

Question 5

_____ refer to the ability of an individual to think in abstract terms and to see how parts fit together to form the whole.

Accepted Answer

A)  Technical skills
B)  Perceptual skills
C)  Conceptual skills
D)  Social skills
E)  Human relations skillsF) A) and C)
G) C) and E)

Question 6

Dividing work into small units and assigning it to specific individuals is a task related to the management function of _____.

Accepted Answer

A)  evaluating
B)  organizing
C)  staffing
D)  controlling
E)  recruitingF) A) and B)
G) A) and E)

Question 7

Positions such as foremen,supervisors,and office service managers are a part of the _____ of a company.

Accepted Answer

A)  top management
B)  first-line management
C)  middle management
D)  executive levels
E)  strategic planning divisionF) C) and D)
G) A) and B)

Question 8

Crisis management plans generally cover maintaining business operations during a crisis and:

Accepted Answer

A)  holding first-line employees solely responsible for the crisis.
B)  avoiding responsibility for the crisis in the media.
C)  communicating with others about the situation and the company's response to the crisis.
D)  ensuring that the employees do not know about details of the crisis.
E)  isolating top managers from the process of dealing with the crisis.F) A) and E)
G) All of the above

Question 9

When assessing the appropriateness of a decision option,managers should:

Accepted Answer

A)  consider its impact on the organization as a whole.
B)  think narrowly about the one department most affected by the decision.
C)  disregard the practicality of the options available.
D)  choose the option that partially addresses the problem.
E)  limit the evaluation to objective procedures.F) B) and C)
G) A) and E)

Question 10

_____ is the process of evaluating and correcting activities to keep an organization on course.

Accepted Answer

A)  Planning
B)  Benchmarking
C)  Staffing
D)  Controlling
E)  RecruitingF) A) and B)
G) C) and E)

Question 11

Strategic plans:

Accepted Answer

A)  establish the short-range objectives of an organization.
B)  must take into account an organization's capabilities and resources.
C)  are designed to implement the activities and objectives specified in the tactical plans.
D)  generally cover periods ranging from two to six months.
E)  must be developed by an organization's lower management.F) None of the above
G) C) and E)

Question 12

The specific operations of an organization,plant,division,or department would most typically involve the _____ of the company.

Accepted Answer

A)  top management
B)  middle management
C)  executive officers
D)  board of directors
E)  stockholdersF) B) and D)
G) C) and D)

Question 13

A(n) _____ is best described as the result that a firm wishes to achieve.

Accepted Answer

A)  protocol
B)  statute
C)  referendum
D)  agenda
E)  goalF) A) and D)
G) A) and B)

Question 14

Top-level managers make an organization's strategic decisions that focus on a key idea for using resources in order to take advantage of opportunities.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is true of the management function of directing?

Accepted Answer

A)  All managers are involved in directing,but it is most important for top-level managers.
B)  Directing designs the map that lays the groundwork for the other managerial functions.
C)  Good directing does not require the implementation of deadlines.
D)  Directing involves determining and administering appropriate rewards and recognition.
E)  Telling employees what to do and when to do it is against the principles of directing.F) A) and E)
G) D) and E)

Question 16

Jason is an operations manager in an automobile company.Which of the following is most likely to be his primary management function in the firm?

Accepted Answer

A)  Administering production activities
B)  Arranging finance
C)  Creating advertisements
D)  Recruiting employees
E)  Promoting products and servicesF) B) and E)
G) B) and C)

Question 17

When analyzing options in the decision-making process,managers must consider the appropriateness and _____ of each option.

Accepted Answer

A)  novelty
B)  practicality
C)  creativity
D)  universality
E)  reversibilityF) A) and D)
G) All of the above

Question 18

In the context of a business's objectives,which of the following is an ineffective practice?

Accepted Answer

A)  Isolating them from the business's mission
B)  Stating them in such a way that they are measurable
C)  Using them to make tactical plans for the business
D)  Keeping them elaborate or simple
E)  Using them to establish criteria to evaluate performanceF) A) and D)
G) C) and D)

Question 19

For any company,owners and shareholders are the only sources of primary funding.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is the first function of management?

Accepted Answer

A)  Planning
B)  Crowdsourcing
C)  Staffing
D)  Factoring
E)  DirectingF) A) and B)
G) B) and E)

Exam 6: The Nature of Management

Top-level managers make an organization's strategic decisions that focus on a key idea for using resources in order to take advantage of opportunities.

Correct Answer
verified

Strategic plans:

Correct Answer
verified

For any company,owners and shareholders are the only sources of primary funding.

Correct Answer
verified

Which of the following is the first function of management?

Correct Answer
verified

Which of the following is true of the management function of directing?

Correct Answer
verified

Melanie is one of the senior managers in the consumer electronics department of a large company.She is part of a team that determines the objectives of the department based on future trends in the industry and decides how to accomplish them.Melanie is involved in the management function of:

Correct Answer
verified

_____ is the process of evaluating and correcting activities to keep an organization on course.

Correct Answer
verified

Jason is an operations manager in an automobile company.Which of the following is most likely to be his primary management function in the firm?

Correct Answer
verified

Crisis management plans generally cover maintaining business operations during a crisis and:

Correct Answer
verified

Correct Answer
verified

_____ refer to the ability of an individual to think in abstract terms and to see how parts fit together to form the whole.

Correct Answer
verified

Due to a drop in the sales of its products,a few production employees and sales personnel of Red Fin Products Inc.were laid off.Which aspect of staffing does this scenario illustrate?

Correct Answer
verified

The specific operations of an organization,plant,division,or department would most typically involve the _____ of the company.

Correct Answer
verified

Positions such as foremen,supervisors,and office service managers are a part of the _____ of a company.

Correct Answer
verified

In the context of a business's objectives,which of the following is an ineffective practice?

Correct Answer
verified

When assessing the appropriateness of a decision option,managers should:

Correct Answer
verified

Dividing work into small units and assigning it to specific individuals is a task related to the management function of _____.

Correct Answer
verified

A(n) _____ is best described as the result that a firm wishes to achieve.

Correct Answer
verified

When analyzing options in the decision-making process,managers must consider the appropriateness and _____ of each option.

Correct Answer
verified

George is a bank manager.He manages the activities of an entire branch without specializing in any one particular function.Thus,George is a(n) _____.

Correct Answer
verified

Exam 6: The Nature of Management

Top-level managers make an organization's strategic decisions that focus on a key idea for using resources in order to take advantage of opportunities.

Correct AnswerverifiedShow Answer

Strategic plans:

Correct AnswerverifiedShow Answer

For any company,owners and shareholders are the only sources of primary funding.

Correct AnswerverifiedShow Answer

Which of the following is the first function of management?

Correct AnswerverifiedShow Answer

Which of the following is true of the management function of directing?

Correct AnswerverifiedShow Answer

Melanie is one of the senior managers in the consumer electronics department of a large company.She is part of a team that determines the objectives of the department based on future trends in the industry and decides how to accomplish them.Melanie is involved in the management function of:

Correct AnswerverifiedShow Answer

_____ is the process of evaluating and correcting activities to keep an organization on course.

Correct AnswerverifiedShow Answer

Jason is an operations manager in an automobile company.Which of the following is most likely to be his primary management function in the firm?

Correct AnswerverifiedShow Answer

Crisis management plans generally cover maintaining business operations during a crisis and:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

_____ refer to the ability of an individual to think in abstract terms and to see how parts fit together to form the whole.

Correct AnswerverifiedShow Answer

Due to a drop in the sales of its products,a few production employees and sales personnel of Red Fin Products Inc.were laid off.Which aspect of staffing does this scenario illustrate?

Correct AnswerverifiedShow Answer

The specific operations of an organization,plant,division,or department would most typically involve the _____ of the company.

Correct AnswerverifiedShow Answer

Positions such as foremen,supervisors,and office service managers are a part of the _____ of a company.

Correct AnswerverifiedShow Answer

In the context of a business's objectives,which of the following is an ineffective practice?

Correct AnswerverifiedShow Answer

When assessing the appropriateness of a decision option,managers should:

Correct AnswerverifiedShow Answer

Dividing work into small units and assigning it to specific individuals is a task related to the management function of _____.

Correct AnswerverifiedShow Answer

A(n) _____ is best described as the result that a firm wishes to achieve.

Correct AnswerverifiedShow Answer

When analyzing options in the decision-making process,managers must consider the appropriateness and _____ of each option.

Correct AnswerverifiedShow Answer

George is a bank manager.He manages the activities of an entire branch without specializing in any one particular function.Thus,George is a(n) _____.

Correct AnswerverifiedShow Answer

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