Question 1

Steve motivates employees by rewarding them with additional vacation time when standards are achieved. Steve is involved in the management function of

Accepted Answer

A)  leading. 
B)  controlling. 
C)  planning. 
D)  organizing. 
E)  It is not possible to tell with the information provided. 
A)  leading. 
B)  controlling. 
C)  planning. 
D)  organizing. 
E)  It is not possible to tell with the information provided.

Question 2

A study of 293 Canadian office workers found that only a minority of them believed that office politics was at least somewhat necessary in order to get ahead in their organization.

Accepted Answer

A) True 
 B)False

Question 3

The two most important skills for a supervisor to have are technical and conceptual.

Accepted Answer

A) True 
 B)False

Question 4

Scott is the store manager at one of the Computers R Us retail stores. Each Monday he meets with all the employees to review the assignments for the week and provide assistance for those who need it. Scott is engaged in the management process of

Accepted Answer

A)  planning. 
B)  organizing. 
C)  controlling. 
D)  staffing. 
E)  leading. 
A)  planning. 
B)  organizing. 
C)  controlling. 
D)  staffing. 
E)  leading.

Question 5

Describe the three competitive strategies identified by Michael Porter.

Accepted Answer

- Cost leadership: becoming the low cost

Question 6

Mary Lou is making a presentation to a long-standing employee who has contributed much to the organization over the years. In this situation, Mary Lou is playing the role of "resource allocator."

Accepted Answer

A) True 
 B)False

Question 7

At what level of management are technical skills relatively unimportant?

Accepted Answer

A)  Bottom 
B)  Top 
C)  Front-line supervisor 
D)  First-line 
E)  Middle 
A)  Bottom 
B)  Top 
C)  Front-line supervisor 
D)  First-line 
E)  Middle

Question 8

What is the primary purpose of setting a goal for an organization?

Accepted Answer

A)  Determining if the firm is highly leveraged 
B)  Making workers think in quantitative terms 
C)  Identifying threats and opportunities 
D)  Assuring successes for the firm 
E)  Providing guidance and direction for all managers 
A)  Determining if the firm is highly leveraged 
B)  Making workers think in quantitative terms 
C)  Identifying threats and opportunities 
D)  Assuring successes for the firm 
E)  Providing guidance and direction for all managers

Question 9

Leslie is one of the managers responsible for planning and overseeing the firm's accounting function and publication of the annual report. Leslie is a(n) ________ manager.

Accepted Answer

A)  marketing 
B)  financial 
C)  operations 
D)  human resources 
E)  information 
A)  marketing 
B)  financial 
C)  operations 
D)  human resources 
E)  information

Question 10

Corporate culture reflects the "personality" of the organization.

Accepted Answer

A) True 
 B)False

Question 11

The BP oil spill in the Gulf of Mexico in 2010 was an example of the need for crisis management.

Accepted Answer

A) True 
 B)False

Question 12

Operations managers are typically responsible for production, inventory, and quality control.

Accepted Answer

A) True 
 B)False

Question 13

List the three basic levels of management and explain how both the power and complexity of their duties increases as we move from the lowest level to the highest level.

Accepted Answer

Top managers are responsible for a firm'

Question 14

The primary purpose of setting goals is to determine which business market to enter.

Accepted Answer

A) True 
 B)False

Question 15

If a firm establishes a back-up plan, they are engaging in

Accepted Answer

A)  contingency planning. 
B)  crisis management. 
C)  investment reduction. 
D)  differentiation. 
E)  none of these. 
A)  contingency planning. 
B)  crisis management. 
C)  investment reduction. 
D)  differentiation. 
E)  none of these.

Question 16

At which level of management are technical skills most important?

Accepted Answer

First-line

Question 17

Rolex sells high-quality, high-priced watches through selected jewellery stores. This is their

Accepted Answer

A)  corporate performance target. 
B)  long-term goal. 
C)  strategic goal. 
D)  purpose. 
E)  mission. 
A)  corporate performance target. 
B)  long-term goal. 
C)  strategic goal. 
D)  purpose. 
E)  mission.

Question 18

Information managers are responsible for the firm's financial operations, including its investments and accounting functions.

Accepted Answer

A) True 
 B)False

Question 19

The first step in the control process is to

Accepted Answer

A)  establish standards. 
B)  determine the jobs to be performed. 
C)  determine what the organization needs to do. 
D)  measure performance. 
E)  define the problem. 
A)  establish standards. 
B)  determine the jobs to be performed. 
C)  determine what the organization needs to do. 
D)  measure performance. 
E)  define the problem.

Question 20

Jack Leutens, senior manager of marketing research at Tromex Enterprises, calls in seven of his subordinates to brief them on his recent research findings regarding new machinery that might be relevant for Tromex. This is an example of a manager functioning in the role Mintzberg called the

Accepted Answer

A)  leader. 
B)  disseminator. 
C)  monitor. 
D)  spokesman. 
E)  resource allocator. 
A)  leader. 
B)  disseminator. 
C)  monitor. 
D)  spokesman. 
E)  resource allocator.

Steve motivates employees by rewarding them with additional vacation time when standards are achieved. Steve is involved in the management function of

A study of 293 Canadian office workers found that only a minority of them believed that office politics was at least somewhat necessary in order to get ahead in their organization.

The two most important skills for a supervisor to have are technical and conceptual.

Scott is the store manager at one of the Computers R Us retail stores. Each Monday he meets with all the employees to review the assignments for the week and provide assistance for those who need it. Scott is engaged in the management process of

Describe the three competitive strategies identified by Michael Porter.

Mary Lou is making a presentation to a long-standing employee who has contributed much to the organization over the years. In this situation, Mary Lou is playing the role of "resource allocator."

At what level of management are technical skills relatively unimportant?

What is the primary purpose of setting a goal for an organization?

Leslie is one of the managers responsible for planning and overseeing the firm's accounting function and publication of the annual report. Leslie is a(n) ________ manager.

Corporate culture reflects the "personality" of the organization.

The BP oil spill in the Gulf of Mexico in 2010 was an example of the need for crisis management.

Operations managers are typically responsible for production, inventory, and quality control.

List the three basic levels of management and explain how both the power and complexity of their duties increases as we move from the lowest level to the highest level.

The primary purpose of setting goals is to determine which business market to enter.

If a firm establishes a back-up plan, they are engaging in

At which level of management are technical skills most important?

Rolex sells high-quality, high-priced watches through selected jewellery stores. This is their

Information managers are responsible for the firm's financial operations, including its investments and accounting functions.

The first step in the control process is to

Jack Leutens, senior manager of marketing research at Tromex Enterprises, calls in seven of his subordinates to brief them on his recent research findings regarding new machinery that might be relevant for Tromex. This is an example of a manager functioning in the role Mintzberg called the

Understanding the Canadian Business System

The Environment of Business

Conducting Business Ethically and Responsibly

Entrepreneurship, Small Business, and New Venture Creation

The Global Context of Business

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating, Satisfying, and Leading Employees

Operations Management, Productivity, and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing, Promotion, and Distributing Products

Money and Banking

Finacial Decisions and Risk Management

Filters

Exam 6: Managing the Business Enterprise

Steve motivates employees by rewarding them with additional vacation time when standards are achieved. Steve is involved in the management function of

A study of 293 Canadian office workers found that only a minority of them believed that office politics was at least somewhat necessary in order to get ahead in their organization.

The two most important skills for a supervisor to have are technical and conceptual.

Scott is the store manager at one of the Computers R Us retail stores. Each Monday he meets with all the employees to review the assignments for the week and provide assistance for those who need it. Scott is engaged in the management process of

Describe the three competitive strategies identified by Michael Porter.

Mary Lou is making a presentation to a long-standing employee who has contributed much to the organization over the years. In this situation, Mary Lou is playing the role of "resource allocator."

At what level of management are technical skills relatively unimportant?

What is the primary purpose of setting a goal for an organization?

Leslie is one of the managers responsible for planning and overseeing the firm's accounting function and publication of the annual report. Leslie is a(n) ________ manager.

Corporate culture reflects the "personality" of the organization.

The BP oil spill in the Gulf of Mexico in 2010 was an example of the need for crisis management.

Operations managers are typically responsible for production, inventory, and quality control.

List the three basic levels of management and explain how both the power and complexity of their duties increases as we move from the lowest level to the highest level.

The primary purpose of setting goals is to determine which business market to enter.

If a firm establishes a back-up plan, they are engaging in

At which level of management are technical skills most important?

Rolex sells high-quality, high-priced watches through selected jewellery stores. This is their

Information managers are responsible for the firm's financial operations, including its investments and accounting functions.

The first step in the control process is to

Jack Leutens, senior manager of marketing research at Tromex Enterprises, calls in seven of his subordinates to brief them on his recent research findings regarding new machinery that might be relevant for Tromex. This is an example of a manager functioning in the role Mintzberg called the

Understanding the Canadian Business System

The Environment of Business

Conducting Business Ethically and Responsibly

Entrepreneurship, Small Business, and New Venture Creation

The Global Context of Business

Organizing the Business Enterprise

Managing Human Resources and Labour Relations

Motivating, Satisfying, and Leading Employees

Operations Management, Productivity, and Quality

Understanding Accounting

Understanding Marketing Principles and Developing Products

Pricing, Promotion, and Distributing Products

Money and Banking

Finacial Decisions and Risk Management

Filters