Exam 1: Managers and Entrepreneurs

An independently owned and managed profit-seeking enterprise employing fewer than 50 people is called a small business.

Founder's disease refers to the problem of organizations outgrowing the entrepreneur's ability to manage them.

Explain the difference between managerial functions and managerial skills. What is significant about both with regard to a manager's job?

Which of the following core values impacted hiring decisions the most at Zappos?

A challenge for managers is imbedding sustainability into their organizations product design, supply chain management, training, production, and transportation processes.

One of the five overarching sources of change for managers is globalization.

Natural disasters and weather events such as the earthquake in Japan and the Eyjafjallajokull volcano erupting in Iceland effect manufacturing managers world wide because of the impact on

____________ is an example of an American mult-national company that has prospered through global expansion that includes 32,000 locations, serving more than 60 million people in 117 countries each day.

Which managerial function consists of recruiting, training, and developing people who can contribute to the organized effort?

Mismanagement can occur when too much emphasis is placed on either effectiveness or efficiency.

Managers today are effective transacting business ____________________.