Exam 6: Managing the Business Enterprise

Contingency planning is an organization's method for dealing with emergencies.

Rachelle is one of the managers responsible for hiring, training, evaluation, and compensation of employees. She is a(n) ________ manager.

Doreen has been tracking product sales for McCoy Industries. She notices that sales of surgical supplies have fallen off in the past six months and she is considering strategies to reverse this trend. This is an example of what function of the management process?

The flight-services manager for an airline is a middle manager.

Cathi Prokofit is a candidate for a position at Domino Grace, a financial services firm. She knows that corporate culture can have a large impact on employees, and so she is trying to learn as much as she can about the culture at Domino Grace. During one of her interviews, a Domino Grace Human Resources representative describes the culture as very team-oriented, people-oriented, and hard-working. Which of the following best explains why Cathi should be skeptical about the description of the corporate culture at Domino Grace?

Determining what a firm needs to do and how best to accomplish that is called

Cathi Prokofit is a candidate for a position at Domino Grace, a financial services firm. She knows that corporate culture can have a large impact on employees, and so she is trying to learn as much as she can about the culture at Domino Grace. During one of her interviews, a Domino Grace Human Resources representative describes the culture as very team-oriented, people-oriented, and hard-working. Which of the following questions would be most important to determine the attitude toward risk that prevails in Domino Grace's corporate culture?

Which of the following are managers?

The management process which involves interactions between managers and their subordinates is

Crisis management involves

Burton Kinzel, vice-president of personnel at QVJ Corporation, sat down at the bargaining table across from the leader of the union, Vladmir Ramonovitch. Burton's expertise in the managerial role Mintzberg called ________ was about to be tested.

In his job, Marcus has found that the ability to think in the abstract, to diagnose and analyze different situations, and to see beyond the present is crucial. Marcus must therefore possess ________ skill.

Explain the importance of strategic management and effective goal setting in organizational success.

Which of the following would usually be considered a strength in a SWOT analysis?

Environmental analysis is the process of analyzing a firm's strengths and weaknesses as they relate to the external environment of the organization.

Describe the three general level of managers that are found in organizations. What mix of skills is necessary at each of these levels?

Montreal-based Gildan Activewear is pursuing what kind of business-level strategy?

Why should managers develop a crisis management plan for their business?

In a SWOT analysis, strengths and weaknesses are factors that are ________ to the firm, while opportunities and threats are factors that are ________ to the firm.

XYZ Cake Mix Company is merging with the ABC Petroleum Company. This is an example of