Exam 6: Managing the Business Enterprise

A flight-services manager for a specific Air Canada flight is a ________ manager, while a chief financial officer for a consumer products company is a ________ manager.

Long-term goals typically relate to time periods in the range of ________ years, while intermediate goals usually cover a time period of ________ years.

What is the difference between a goal and a strategy?

What are the purposes of goal setting?

Explain the term "time management skills" and discuss the four leading causes of wasted time. Suggest solutions to these problems.

Since the mid-1980s, Disney's strategic planning group turned the company into a huge and diverse collection of media and entertainment businesses. The sprawling Disney grew to include everything from theme resorts and film studios to media networks to consumer products and a cruise line. The newly transformed Disney proved hard to manage and performed unevenly. Recently, Disney disbanded the centralized strategic planning unit, decentralizing its functions to Disney division managers. Since then, Disney's management has helped it perform strongly in a competitive marketplace. Which of the following, if true, would support the conclusion that disbanding the centralized planning unit helped Disney perform strongly?

Since the mid-1980s, Disney's strategic planning group turned the company into a huge and diverse collection of media and entertainment businesses. The sprawling Disney grew to include everything from theme resorts and film studios to media networks to consumer products and a cruise line. The newly transformed Disney proved hard to manage and performed unevenly. Recently, Disney disbanded the centralized strategic planning unit, decentralizing its functions to Disney division managers. Since then, Disney's management has helped it perform strongly in a competitive marketplace. A strategic manager at Disney believes that the video-on-demand unit should be sold because the return it has made on Disney's investment has been below Disney's standards. Which of the following, if true, would most weaken the strategic manager's conclusion?

When an organization strives to provide goods or services that are distinctive from those of its competitors, it is pursuing the strategic option known as

Identify the different levels and types of managers found in organizations.

Tom Smith Jr., a manager responsible for hockey stick tape production at StickStuck Corp., spontaneously tours the plant to check on what's going on. By so doing, Tom is functioning in Mintzberg's ________ role.

Managers with a high risk propensity are more likely than their conservative counterparts to achieve big successes with their decisions, but they are also more likely to incur greater losses.

With respect to the concepts of "purpose" and "mission," which of the following is correct?

Determining the jobs to be performed and how best to arrange the jobs into a logical system is known as

Which of the following best captures the difference between efficiency and effectiveness?

Mintzberg's research on managers showed which of the following?

What are the two basic ways that individuals can acquire the skills necessary to be a manager?

When Millie was appointed president of Goodcare Hospital, she noticed that the former president had all the major functions reporting directly to him. She is analyzing the functions to see how they could be restructured to be more efficient. She is engaged in the management process of

Donna is going to open her own restaurant. How will a mission statement help her with her new business?

Brown Corp. has implemented a strategy of acquiring control of competitors in the same or similar markets. The company is using which strategy?

Vice-president, treasurer, chief executive officer, and president are found at the ________ level of management.