Exam 5: Managing for Business Success

Because the company serves the needs of individual consumers, businesses, police departments, and the military, GM's stock would be worth more if it reorganized into customer divisions.

Employees generally dislike working for democratic leaders and like working for autocratic leaders.

Why are communication skills critical to success in an organization?

_____ are shorter-term performance targets that direct the activities of an organization.

Core values describe the purpose of your organization and the reason for its existence.

What are the consequences of failure to delegate authority?

Assessing a company's strengths, weaknesses, opportunities, and threats usually takes place during the process of _____ planning.

Which of the following is an advantage associated with divisional organizations?

Objectives are major accomplishments that the company wants to achieve over a long period of time.

Long-range planning that establishes an overall course of action for a company is generally called _____.

In setting strategic goals and performance objectives, Joan Rivers of DayMark Solutions would develop an overall course of action.

9Which of the following is not one of the four primary functions of management?

If there is a difference between actual performance and standard performance, the reason is:

The best time for management to practice crisis management is when a crisis occurs in their company.

What are the responsibilities of middle managers?

Identify the three levels of management in a typical organization and briefly describe the responsibility of manager at each of these levels.

Identify two reasons why actual performance might differ from standards and explain why the control process is helpful in both situations.

Describe the four functions that managers perform.

As a president of an organization, you'll depend upon your _____ skills to solve major, long-term problems.

Managers who've developed a laissez-faire leadership style tend to make decisions without soliciting input from subordinates.