Exam 1: Managers and Entrepreneurs

According to recent government data, small firms with fewer than 500 employees produced no new net jobs over the last decade.

Clark L. Wilson's research shows that ____ of managers at all levels are ineffective because of imbalanced managerial skills.

According to Clark L. Wilson, technical, team building, and ____ are three skill categories used by managers.

Entrepreneurs are less comfortable with ambiguity and risk taking compared to general administrators.

In concept, the Internet began as a(n) ____ research project.

According to recent statistics, four out of five businesses go out of business with unpaid bills within five years, that is an 80% failure rate.

Management is, above all else, a political process.

True economic progress for individuals and organizations cannot be achieved without learning and continuous improvement.

The managerial function involving structural considerations, such as chain of command, division of labor, and assignment of responsibility, is called

The ideal way for future managers to learn to manage is to

The primary way in which managers learn to manage is through formal training, according to the Honeywell study.

Managerial functions are general administrative duties that need to be carried out in virtually all productive organizations.

Each year in the U.S., ____ account for more than one-quarter of the nation's $1.4 trillion in business capital investment.

Which of these best describes a small business?

At Zappos, protecting the company culture and sticking to core values is a long-term benefit.

Big Wheel Bikes, Inc. Kaily Bach was recently promoted to the managing director's position at Big Wheel Bikes, Inc. Kaily was told by her boss that she received the promotion because he believed she had the management skills necessary to help the company become more efficient and effective. During her first week, Kaily first compared the actual revenues and expenses of the company with desired results. She also met with employees to get their feedback and suggestions. Armed with this information, she formulated the future course of action for Big Wheel Bikes. One of her short-term goals is to provide the employees of Big Wheel Bikes with flexible working schedules. Another short-term goal is to create business lunches, in which groups of five employees meet over lunch to discuss organizational objectives. Kaily is confident she can lead the company into a prosperous future. -Refer to Big Wheel Bikes, Inc. When Kaily implements the flexible work schedule program, what management function will be positively affected?

Renee' Burgos Renee' Burgos, recently took a risk for he and his family by choosing to move to the United States from Columbia. Although he owned a cafe' and bakery in his home country of Columbia, he considered the future and felt his family would have better long-term opportunities in the U.S.. He is considering a career in small business. During his research to learn more about small business and entrepreneurship in America he has discovered frightening statistics along with contradictory and confusing information. Can you help him? -Refer to Renee' Burgos. Which of the following entrepreneurial traits does Mr. Burgos have?

Full-time students tend to get a lot of theory and little practice.

According to research by Clark L. Wilson, about 10 percent of managers at all levels do not achieve an appropriate balance of managerial skills and are thus ineffective.

Which of the following is the global network of servers and personal and organizational computers?