Question 1

________ strategy takes place at the level of the business unit or product line and focuses on a firm's competitive position.

Accepted Answer

A)  Business 
B)  Fundamental 
C)  Corporate 
D)  Mission 
E)  Functional 
A)  Business 
B)  Fundamental 
C)  Corporate 
D)  Mission 
E)  Functional

Question 2

Collier Corp. has grown by boosting sales of present products by more aggressive selling in the firm's current markets. This is an example of

Accepted Answer

A)  concentration. 
B)  market penetration. 
C)  geographic expansion. 
D)  product development. 
E)  horizontal integration. 
A)  concentration. 
B)  market penetration. 
C)  geographic expansion. 
D)  product development. 
E)  horizontal integration.

Question 3

Technical skills are especially important for

Accepted Answer

A)  middle-level managers. 
B)  members of the board of directors. 
C)  top-level managers. 
D)  company presidents. 
E)  first-line managers. 
A)  middle-level managers. 
B)  members of the board of directors. 
C)  top-level managers. 
D)  company presidents. 
E)  first-line managers.

Question 4

The growth of international air travel motivated Boeing and Airbus to see an opportunity to increase the capacity of their planes. This is an example of the first step in the rational decision-making process: recognizing and defining the decision situation.

Accepted Answer

A) True 
 B)False

Question 5

Middle managers can typically have any of the following job titles except

Accepted Answer

A)  general manager. 
B)  operations manager. 
C)  plant manager. 
D)  production supervisor. 
E)  division manager. 
A)  general manager. 
B)  operations manager. 
C)  plant manager. 
D)  production supervisor. 
E)  division manager.

Question 6

The organizing function of management is concerned with mobilizing the necessary resources to complete a particular task.

Accepted Answer

A) True 
 B)False

Question 7

What is organizational politics?

Accepted Answer

The actions that people take a

Question 8

What does "retrenchment" mean in terms of business strategy?

Accepted Answer

A)  A change in the mission for the organization 
B)  Ceasing to do business 
C)  Cutting back some operations 
D)  An increase in the market share for two or more products 
E)  Growth at a modest rate 
A)  A change in the mission for the organization 
B)  Ceasing to do business 
C)  Cutting back some operations 
D)  An increase in the market share for two or more products 
E)  Growth at a modest rate

Question 9

What does the term "escalation of commitment" mean?

Accepted Answer

A)  As a project proceeds toward successful completion, managers make an increased commitment to doing a good job 
B)  The actions that managers take as they try to get the outcomes they desire 
C)  As a project proceeds, managers become increasingly committed to it even if there is evidence that it is not working out as planned 
D)  It refers to how much a manager is willing to gamble when making decisions 
E)  None of these 
A)  As a project proceeds toward successful completion, managers make an increased commitment to doing a good job 
B)  The actions that managers take as they try to get the outcomes they desire 
C)  As a project proceeds, managers become increasingly committed to it even if there is evidence that it is not working out as planned 
D)  It refers to how much a manager is willing to gamble when making decisions 
E)  None of these

Question 10

What is corporate culture?

Accepted Answer

A)  The shared experiences, stories, and beliefs that characterize a firm 
B)  The ethnic background of most of the managers in an organization 
C)  The extent to which the organization is accommodating to those of different races and creeds 
D)  The ethnic background of most of the employees in an organization 
E)  The shared experiences, stories, and beliefs of the management of a firm 
A)  The shared experiences, stories, and beliefs that characterize a firm 
B)  The ethnic background of most of the managers in an organization 
C)  The extent to which the organization is accommodating to those of different races and creeds 
D)  The ethnic background of most of the employees in an organization 
E)  The shared experiences, stories, and beliefs of the management of a firm

Question 11

Which of the following best describes a functional strategy?

Accepted Answer

A)  A strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines 
B)  A strategy at the business-unit or product-line level that focuses on improving a firm's competitive position 
C)  A strategy by which managers in specific areas decide how best to achieve corporate goals through productivity 
D)  A strategy that assists first-line managers in making day-to-day decisions about motivating employees 
E)  A strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential 
A)  A strategy for determining the firm's overall attitude toward growth and the way it will manage its businesses or product lines 
B)  A strategy at the business-unit or product-line level that focuses on improving a firm's competitive position 
C)  A strategy by which managers in specific areas decide how best to achieve corporate goals through productivity 
D)  A strategy that assists first-line managers in making day-to-day decisions about motivating employees 
E)  A strategy that integrates an organization's marketing goals into a cohesive whole by focusing on the ideal product mix to achieve maximum profit potential

Question 12

What is crisis management?

Accepted Answer

Crisis management means dealin

Question 13

At which level of management are human relation skills most important?

Accepted Answer

The answer of At which level of management are human...

Question 14

What is the difference between contingency planning and crisis management?

Accepted Answer

Contingency planning requires identifica

Question 15

When Atco says it wants to provide products and services to the energy and resource industries, that is their

Accepted Answer

A)  corporate strategy. 
B)  mission. 
C)  purpose. 
D)  intuition. 
E)  goal. 
A)  corporate strategy. 
B)  mission. 
C)  purpose. 
D)  intuition. 
E)  goal.

Question 16

What is management?

Accepted Answer

Management is the process of planning, o

Question 17

The post-project review of the Alpha Supplement project is complete. It found failures in planning. Too much time was budgeted to market research, leaving not enough time for product development and quality assurance. As a result, the project could not have succeeded even if the project had been run perfectly. But there were other problems as well. Constant conflicts between team members demonstrated a failure of leadership. Finally, there were failures in controlling. When component providers failed to deliver, project leaders did not locate and train new providers in time. Which of the following, if true, would most strongly suggest that the failures attributed to leadership were also caused by failures in organizing?

Accepted Answer

A)  Most of the conflicts between team members concerned questions of roles and determining who had the authority to make decisions. 
B)  The market research was delayed because the firms hired to conduct customer interviews backed out of the project after the market research began. 
C)  The reports of conflicts among team members were exaggerated in order to make the project leaders seem less competent. 
D)  The failure to locate an alternative component provider is very similar to other failures that have appeared in past projects. 
E)  Even the most successful projects encounter some problems related to each of the main management functions. 
A)  Most of the conflicts between team members concerned questions of roles and determining who had the authority to make decisions. 
B)  The market research was delayed because the firms hired to conduct customer interviews backed out of the project after the market research began. 
C)  The reports of conflicts among team members were exaggerated in order to make the project leaders seem less competent. 
D)  The failure to locate an alternative component provider is very similar to other failures that have appeared in past projects. 
E)  Even the most successful projects encounter some problems related to each of the main management functions.

Question 18

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

Accepted Answer

A)  11 
B)  25 
C)  41 
D)  59 
E)  71 
A)  11 
B)  25 
C)  41 
D)  59 
E)  71

Question 19

A(n) ________ is a plan which is decided by a firm's top management and which reflects the company's priorities, as well as the steps needed to meet strategic goals.

Accepted Answer

A)  tactical plan 
B)  operational plan 
C)  standing plan 
D)  strategic plan 
E)  single-use plan 
A)  tactical plan 
B)  operational plan 
C)  standing plan 
D)  strategic plan 
E)  single-use plan

Question 20

Strategic goals are

Accepted Answer

A)  derived from the environmental analysis. 
B)  intermediate goals derived directly from a firm's long-term goals. 
C)  long-term goals derived directly from a firm's mission statement. 
D)  derived from the organizational analysis. 
E)  derived from strategic plans. 
A)  derived from the environmental analysis. 
B)  intermediate goals derived directly from a firm's long-term goals. 
C)  long-term goals derived directly from a firm's mission statement. 
D)  derived from the organizational analysis. 
E)  derived from strategic plans.

________ strategy takes place at the level of the business unit or product line and focuses on a firm's competitive position.

Collier Corp. has grown by boosting sales of present products by more aggressive selling in the firm's current markets. This is an example of

Technical skills are especially important for

The growth of international air travel motivated Boeing and Airbus to see an opportunity to increase the capacity of their planes. This is an example of the first step in the rational decision-making process: recognizing and defining the decision situation.

Middle managers can typically have any of the following job titles except

The organizing function of management is concerned with mobilizing the necessary resources to complete a particular task.

What is organizational politics?

What does "retrenchment" mean in terms of business strategy?

What does the term "escalation of commitment" mean?

What is corporate culture?

Which of the following best describes a functional strategy?

What is crisis management?

At which level of management are human relation skills most important?

What is the difference between contingency planning and crisis management?

When Atco says it wants to provide products and services to the energy and resource industries, that is their

What is management?

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

A(n) ________ is a plan which is decided by a firm's top management and which reflects the company's priorities, as well as the steps needed to meet strategic goals.

Strategic goals are

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

________ strategy takes place at the level of the business unit or product line and focuses on a firm's competitive position.

Collier Corp. has grown by boosting sales of present products by more aggressive selling in the firm's current markets. This is an example of

Technical skills are especially important for

The growth of international air travel motivated Boeing and Airbus to see an opportunity to increase the capacity of their planes. This is an example of the first step in the rational decision-making process: recognizing and defining the decision situation.

Middle managers can typically have any of the following job titles except

The organizing function of management is concerned with mobilizing the necessary resources to complete a particular task.

What is organizational politics?

What does "retrenchment" mean in terms of business strategy?

What does the term "escalation of commitment" mean?

What is corporate culture?

Which of the following best describes a functional strategy?

What is crisis management?

At which level of management are human relation skills most important?

What is the difference between contingency planning and crisis management?

When Atco says it wants to provide products and services to the energy and resource industries, that is their

What is management?

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

A(n) ________ is a plan which is decided by a firm's top management and which reflects the company's priorities, as well as the steps needed to meet strategic goals.

Strategic goals are

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