Question 1

Which of the following is a step in the contingency planning process?

Accepted Answer

A) Set up teams trained to deal with emergencies. 
B) Set performance targets to direct all company activities. 
C) Develop alternative courses of action in case an anticipated change does occur. 
D) Assess the company's strengths and weaknesses. 
A) Set up teams trained to deal with emergencies. 
B) Set performance targets to direct all company activities. 
C) Develop alternative courses of action in case an anticipated change does occur. 
D) Assess the company's strengths and weaknesses.

Question 2

All of the following are advantages of the functional approach to organization _____.

Accepted Answer

A) easily understood structure 
B) specialized staff 
C) communication between units 
D) marketing expertise 
A) easily understood structure 
B) specialized staff 
C) communication between units 
D) marketing expertise

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

If members of your team are unmotivated and don't seem interested in providing input, it makes sense to move away from a democratic style of leadership.

Accepted Answer

A) True 
 B)False

Question 5

The process of comparing actual to planned performance and taking corrective action is called controlling.

Accepted Answer

A) True 
 B)False

Question 6

SWOT analysis is a common approach used to:

Accepted Answer

A) develop a strategic plan. 
B) plan for contingencies. 
C) assess a company's fit with its environment. 
D) identify the core values that will define the organization. 
A) develop a strategic plan. 
B) plan for contingencies. 
C) assess a company's fit with its environment. 
D) identify the core values that will define the organization.

Question 7

To reduce duplication of operations and increase efficiency in ordering parts and controlling costs, GM should reorganize into functional departments.

Accepted Answer

A) True 
 B)False

Question 8

_____ are important because they report to top-level managers while overseeing the activities of first-line managers.

Accepted Answer

A) Foremen 
B) Mid-level managers 
C) Supervisors 
D) Group leaders 
A) Foremen 
B) Mid-level managers 
C) Supervisors 
D) Group leaders

Question 9

The process of organizing activities into clusters of related tasks that can be handled by certain individuals is called specialization.

Accepted Answer

A) True 
 B)False

Question 10

Strategic planning is often delegated to combined teams of top, middle, and first-line managers.

Accepted Answer

A) True 
 B)False

Question 11

The principle of _____ refers to the number of people reporting to a particular manager.

Accepted Answer

A) centralization of control 
B) span of control 
C) delegation 
D) supervisory control 
A) centralization of control 
B) span of control 
C) delegation 
D) supervisory control

Question 12

The ability to reason abstractly and analyze complex situations depends on
conceptual skills.

Accepted Answer

A) True 
 B)False

Question 13

What is a mission statement?

Accepted Answer

A mission statement describes

Question 14

Identifying the problem that you want to work on is part of the five-step control process.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) functional 
B) serviceable 
C) purposeful 
D) divisional 
A) functional 
B) serviceable 
C) purposeful 
D) divisional

Question 16

Identify the steps in the strategic planning process.

Accepted Answer

F1F1F1S1F1F1F10Identify the purpose of

Question 17

Middle managers, who direct all of the major activities that must be performed if the company is to fulfill its mission, are responsible for an organization's general health and performance.

Accepted Answer

A) True 
 B)False

Question 18

The vertical connecting lines in the organization chart show the firm's span of control.

Accepted Answer

A) True 
 B)False

Question 19

An organizational structure is considered wide if communications must filter upward through two or more management layers.

Accepted Answer

A) True 
 B)False

Question 20

_____ skills, though developed through job training and work experience, are generally acquired during the course of your formal education.

Accepted Answer

A) Interpersonal 
B) Technical 
C) Conceptual 
D) Communication 
A) Interpersonal 
B) Technical 
C) Conceptual 
D) Communication

Which of the following is a step in the contingency planning process?

All of the following are advantages of the functional approach to organization _____.

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

If members of your team are unmotivated and don't seem interested in providing input, it makes sense to move away from a democratic style of leadership.

The process of comparing actual to planned performance and taking corrective action is called controlling.

SWOT analysis is a common approach used to:

To reduce duplication of operations and increase efficiency in ordering parts and controlling costs, GM should reorganize into functional departments.

_____ are important because they report to top-level managers while overseeing the activities of first-line managers.

The process of organizing activities into clusters of related tasks that can be handled by certain individuals is called specialization.

Strategic planning is often delegated to combined teams of top, middle, and first-line managers.

The principle of _____ refers to the number of people reporting to a particular manager.

The ability to reason abstractly and analyze complex situations depends on conceptual skills.

What is a mission statement?

Identifying the problem that you want to work on is part of the five-step control process.

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

Identify the steps in the strategic planning process.

Middle managers, who direct all of the major activities that must be performed if the company is to fulfill its mission, are responsible for an organization's general health and performance.

The vertical connecting lines in the organization chart show the firm's span of control.

An organizational structure is considered wide if communications must filter upward through two or more management layers.

_____ skills, though developed through job training and work experience, are generally acquired during the course of your formal education.

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Managing Financial Resources

Teamwork and Communications

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters

Exam 5: Managing for Business Success

Which of the following is a step in the contingency planning process?

All of the following are advantages of the functional approach to organization _____.

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

If members of your team are unmotivated and don't seem interested in providing input, it makes sense to move away from a democratic style of leadership.

The process of comparing actual to planned performance and taking corrective action is called controlling.

SWOT analysis is a common approach used to:

To reduce duplication of operations and increase efficiency in ordering parts and controlling costs, GM should reorganize into functional departments.

_____ are important because they report to top-level managers while overseeing the activities of first-line managers.

The process of organizing activities into clusters of related tasks that can be handled by certain individuals is called specialization.

Strategic planning is often delegated to combined teams of top, middle, and first-line managers.

The principle of _____ refers to the number of people reporting to a particular manager.

The ability to reason abstractly and analyze complex situations depends on conceptual skills.

What is a mission statement?

Identifying the problem that you want to work on is part of the five-step control process.

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

Identify the steps in the strategic planning process.

Middle managers, who direct all of the major activities that must be performed if the company is to fulfill its mission, are responsible for an organization's general health and performance.

The vertical connecting lines in the organization chart show the firm's span of control.

An organizational structure is considered wide if communications must filter upward through two or more management layers.

_____ skills, though developed through job training and work experience, are generally acquired during the course of your formal education.

The Foundations of Business

Entrepreneurship

Selecting a Form of Business Ownership

Business Ethics and Social Responsibility

Recruiting, Motivating, and Keeping Quality Employees

Product Design and Development

Operations Management in Manufacturing and Service Industries

Business in a Global Environment

Marketing: Providing Value to Customers

Operating in a Digital Marketing and Social Networking

The Role of Accounting in Business

Managing Financial Resources

Teamwork and Communications

Personal Finances

Managing Information and Technology

The Legal and Regulatory Environment of Business

Filters