Question 1

Which of the following is NOT considered an organizational strength?

Accepted Answer

A)  strong market position 
B)  dedicated work force 
C)  changing consumer tastes 
D)  technical expertise 
A)  strong market position 
B)  dedicated work force 
C)  changing consumer tastes 
D)  technical expertise

Question 2

Differentiate between strategic,tactical,and operational plans.

Accepted Answer

Strategic plans reflect decisions about

Question 3

Lynne Smith,chief financial officer for Web Industries,is working on a broad set of organizational plans for implementing the decisions made for achieving organizational goals.Lynne is developing a ________ for Web Industries.

Accepted Answer

A)  mission 
B)  function 
C)  blueprint 
D)  strategy 
A)  mission 
B)  function 
C)  blueprint 
D)  strategy

Question 4

The means by which organizations and their managers measure success or failure at every level are referred to as ________.

Accepted Answer

A)  tactics 
B)  goals 
C)  strategies 
D)  skills 
A)  tactics 
B)  goals 
C)  strategies 
D)  skills

Question 5

Crisis management involves planning for change.

Accepted Answer

A) True 
 B)False

Question 6

A strategy is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Accepted Answer

A) True 
 B)False

Question 7

Scanning the environment for threats and opportunities is referred to as ________.

Accepted Answer

A)  developing implementation tactics 
B)  devising strategy 
C)  environmental analysis 
D)  organizational analysis 
A)  developing implementation tactics 
B)  devising strategy 
C)  environmental analysis 
D)  organizational analysis

Question 8

Which of the following statements about conceptual skills is most correct?

Accepted Answer

A)  Conceptual skills are most important to first-line managers. 
B)  Conceptual skills are most important to middle managers. 
C)  Conceptual skills are most important to top managers. 
D)  Conceptual skills are equally important at all levels of management. 
A)  Conceptual skills are most important to first-line managers. 
B)  Conceptual skills are most important to middle managers. 
C)  Conceptual skills are most important to top managers. 
D)  Conceptual skills are equally important at all levels of management.

Question 9

________ focuses on external factors,whereas ________ focuses on internal factors.

Accepted Answer

A)  Organizational analysis; environmental analysis 
B)  Governmental analysis; environmental analysis 
C)  Environmental analysis; organizational analysis 
D)  Functional analysis; organizational analysis 
A)  Organizational analysis; environmental analysis 
B)  Governmental analysis; environmental analysis 
C)  Environmental analysis; organizational analysis 
D)  Functional analysis; organizational analysis

Question 10

SWOT analysis allows managers and employees to assess ________.

Accepted Answer

A)  organizational opportunities 
B)  environmental threats 
C)  environmental weaknesses 
D)  environmental strengths 
A)  organizational opportunities 
B)  environmental threats 
C)  environmental weaknesses 
D)  environmental strengths

Question 11

Which of the following best describes business strategy?

Accepted Answer

A)  A strategy for determining the firm's overall attitude towards growth and the way it will manage its businesses or product lines. 
B)  A strategy at the business-unit or product-line level that focuses on improving a firm's competitive position. 
C)  A strategy by which managers in specific areas decide how best to achieve corporate goals through productivity. 
D)  A strategy that assists first-line managers in making day to day decisions about motivating employees. 
A)  A strategy for determining the firm's overall attitude towards growth and the way it will manage its businesses or product lines. 
B)  A strategy at the business-unit or product-line level that focuses on improving a firm's competitive position. 
C)  A strategy by which managers in specific areas decide how best to achieve corporate goals through productivity. 
D)  A strategy that assists first-line managers in making day to day decisions about motivating employees.

Question 12

The management function of ________ involves setting goals,developing a strategy to reach each goal,and designing plans to implement each strategy.

Accepted Answer

A)  organizing 
B)  developing 
C)  planning 
D)  controlling 
A)  organizing 
B)  developing 
C)  planning 
D)  controlling

Question 13

Systems by which a firm produces goods and services are called ________.

Accepted Answer

A)  human resources 
B)  operations 
C)  information 
D)  departments 
A)  human resources 
B)  operations 
C)  information 
D)  departments

Question 14

On its website,Microsoft states,"At Microsoft,our mission and values are to help people and businesses throughout the world realize their full potential." This is an example of a ________.

Accepted Answer

A)  mission statement 
B)  corporate culture 
C)  value judgment 
D)  stereotype 
A)  mission statement 
B)  corporate culture 
C)  value judgment 
D)  stereotype

Question 15

Which of the following would be classified as opportunities for an organization?

Accepted Answer

A)  government regulations 
B)  new products on the market 
C)  new competitors 
D)  possible expansion of the firm 
A)  government regulations 
B)  new products on the market 
C)  new competitors 
D)  possible expansion of the firm

Question 16

A ________ is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Accepted Answer

A)  mission 
B)  function 
C)  formula 
D)  strategy 
A)  mission 
B)  function 
C)  formula 
D)  strategy

Question 17

Which of the following managers depend most on conceptual skills?

Accepted Answer

A)  first-line managers 
B)  top managers 
C)  middle managers 
D)  marketing managers 
A)  first-line managers 
B)  top managers 
C)  middle managers 
D)  marketing managers

Question 18

Which of the following plan and oversee the firm's accounting functions?

Accepted Answer

A)  financial managers 
B)  information managers 
C)  production managers 
D)  human resource managers 
A)  financial managers 
B)  information managers 
C)  production managers 
D)  human resource managers

Question 19

Identify the four leading causes of wasted time in the workplace as outlined in the text.

Accepted Answer

The four leading causes of was

Question 20

Which of the following managers are responsible for implementing the strategies,policies,and decisions made by top managers?

Accepted Answer

A)  first-line managers 
B)  middle managers 
C)  supervisory managers 
D)  office managers 
A)  first-line managers 
B)  middle managers 
C)  supervisory managers 
D)  office managers

Which of the following is NOT considered an organizational strength?

Differentiate between strategic,tactical,and operational plans.

Lynne Smith,chief financial officer for Web Industries,is working on a broad set of organizational plans for implementing the decisions made for achieving organizational goals.Lynne is developing a ________ for Web Industries.

The means by which organizations and their managers measure success or failure at every level are referred to as ________.

Crisis management involves planning for change.

A strategy is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Scanning the environment for threats and opportunities is referred to as ________.

Which of the following statements about conceptual skills is most correct?

focuses on external factors,whereas focuses on internal factors.

SWOT analysis allows managers and employees to assess ________.

Which of the following best describes business strategy?

The management function of ________ involves setting goals,developing a strategy to reach each goal,and designing plans to implement each strategy.

Systems by which a firm produces goods and services are called ________.

On its website,Microsoft states,"At Microsoft,our mission and values are to help people and businesses throughout the world realize their full potential." This is an example of a ________.

Which of the following would be classified as opportunities for an organization?

A ________ is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Which of the following managers depend most on conceptual skills?

Which of the following plan and oversee the firm's accounting functions?

Identify the four leading causes of wasted time in the workplace as outlined in the text.

Which of the following managers are responsible for implementing the strategies,policies,and decisions made by top managers?

The U.S.Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

The Global Context of Business

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters

Exam 5: Business Management

Which of the following is NOT considered an organizational strength?

Differentiate between strategic,tactical,and operational plans.

Lynne Smith,chief financial officer for Web Industries,is working on a broad set of organizational plans for implementing the decisions made for achieving organizational goals.Lynne is developing a ________ for Web Industries.

The means by which organizations and their managers measure success or failure at every level are referred to as ________.

Crisis management involves planning for change.

A strategy is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Scanning the environment for threats and opportunities is referred to as ________.

Which of the following statements about conceptual skills is most correct?

________ focuses on external factors,whereas ________ focuses on internal factors.

SWOT analysis allows managers and employees to assess ________.

Which of the following best describes business strategy?

The management function of ________ involves setting goals,developing a strategy to reach each goal,and designing plans to implement each strategy.

Systems by which a firm produces goods and services are called ________.

On its website,Microsoft states,"At Microsoft,our mission and values are to help people and businesses throughout the world realize their full potential." This is an example of a ________.

Which of the following would be classified as opportunities for an organization?

A ________ is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Which of the following managers depend most on conceptual skills?

Which of the following plan and oversee the firm's accounting functions?

Identify the four leading causes of wasted time in the workplace as outlined in the text.

Which of the following managers are responsible for implementing the strategies,policies,and decisions made by top managers?

The U.S.Business Environment

Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

The Global Context of Business

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters

focuses on external factors,whereas focuses on internal factors.