Question 1

An organization retrenches by increasing its investment in a particular area.

Accepted Answer

A) True 
 B)False

Question 2

What of the following indicates an organization's reason for being?

Accepted Answer

A)  Strategy 
B)  Tactic 
C)  Mission 
D)  Diversity 
E)  Profitability 
A)  Strategy 
B)  Tactic 
C)  Mission 
D)  Diversity 
E)  Profitability

Question 3

The informational roles of a manager are natural continuations of a manager's interpersonal role.

Accepted Answer

A) True 
 B)False

Question 4

Which aspect of the management process involves determining what the organization needs to do and how best to get it done?

Accepted Answer

A)  Organizing 
B)  Planning 
C)  Controlling 
D)  Processing 
E)  Monitoring 
A)  Organizing 
B)  Planning 
C)  Controlling 
D)  Processing 
E)  Monitoring

Question 5

Which type of business constituent has titles such as President and CEO?

Accepted Answer

A)  First-line managers 
B)  Top managers 
C)  Middle managers 
D)  Power brokers 
E)  Stockholders 
A)  First-line managers 
B)  Top managers 
C)  Middle managers 
D)  Power brokers 
E)  Stockholders

Question 6

What type of skill is needed to understand foreign markets,cultural differences,and motives of foreign rivals?

Accepted Answer

A)  Technology 
B)  Strategic management 
C)  Decision making 
D)  Conceptual 
E)  Global management 
A)  Technology 
B)  Strategic management 
C)  Decision making 
D)  Conceptual 
E)  Global management

Question 7

A three year goal is considered to be what?

Accepted Answer

A)  Long-term 
B)  Intermediate 
C)  Short-term 
D)  Objective 
E)  Problematic 
A)  Long-term 
B)  Intermediate 
C)  Short-term 
D)  Objective 
E)  Problematic

Question 8

SWOT analysis is usually conducted before strategic goals have been established.

Accepted Answer

A) True 
 B)False

Question 9

What identifies performance targets used by organizations and their managers to measure success or failure at every level?

Accepted Answer

A)  Tactics 
B)  Goals 
C)  Strategies 
D)  Mission statements 
E)  Promotions 
A)  Tactics 
B)  Goals 
C)  Strategies 
D)  Mission statements 
E)  Promotions

Question 10

Who is responsible for designing and implementing systems to gather,organize,and distribute facts and data essential for the running of the company?

Accepted Answer

A)  Marketing managers 
B)  Information managers 
C)  Production managers 
D)  Human resource managers 
E)  Research and development managers 
A)  Marketing managers 
B)  Information managers 
C)  Production managers 
D)  Human resource managers 
E)  Research and development managers

Question 11

Contingency planning seeks to identify how a company will respond to change.

Accepted Answer

A) True 
 B)False

Question 12

The first main component in the planning process is determining goals.What is the next step?

Accepted Answer

A)  Developing a strategic mission 
B)  Developing a comprehensive strategy 
C)  Developing an array of tactics 
D)  Developing an operational plan 
E)  Developing a functioning budget 
A)  Developing a strategic mission 
B)  Developing a comprehensive strategy 
C)  Developing an array of tactics 
D)  Developing an operational plan 
E)  Developing a functioning budget

Question 13

Titles such as plant manager,operations manager,and division manager designate which level of management?

Accepted Answer

A)  First-line managers 
B)  Middle managers 
C)  Top managers 
D)  Supervisors 
E)  Technology managers 
A)  First-line managers 
B)  Middle managers 
C)  Top managers 
D)  Supervisors 
E)  Technology managers

Question 14

If an organization sets out to increase its share of the snack food market by 10 percent during the next eight years,what kind of goal is the organization setting?

Accepted Answer

A)  A short-term goal 
B)  An intermediate goal 
C)  A tactical goal 
D)  A long-term goal 
E)  An organizational goal 
A)  A short-term goal 
B)  An intermediate goal 
C)  A tactical goal 
D)  A long-term goal 
E)  An organizational goal

Question 15

What skills can a manager utilize to work well with people and make them feel excited about their work?

Accepted Answer

A)  Human relations skills 
B)  Technical skills 
C)  Accounting skills 
D)  Conceptual skills 
E)  Marketing skills 
A)  Human relations skills 
B)  Technical skills 
C)  Accounting skills 
D)  Conceptual skills 
E)  Marketing skills

Question 16

Strategy has a wider scope than planning.

Accepted Answer

A) True 
 B)False

Question 17

What is the difference between a goal and a strategy?

Accepted Answer

A goal is an objective that a business h

Question 18

What does e-partnering involve?

Accepted Answer

A)  Buying shares of small companies that provide technology unavailable to the purchasing company 
B)  Buying shares of small companies that are similar to the purchasing firm 
C)  Linking up to the inventory records of another company 
D)  Sharing a Web server with another company 
E)  Advertising another company on the purchasing company's Web site 
A)  Buying shares of small companies that provide technology unavailable to the purchasing company 
B)  Buying shares of small companies that are similar to the purchasing firm 
C)  Linking up to the inventory records of another company 
D)  Sharing a Web server with another company 
E)  Advertising another company on the purchasing company's Web site

Question 19

What strategic management activity do company managers undertake so they can later measure success or failure at every organizational level?

Accepted Answer

A)  Planning tactics 
B)  Setting goals 
C)  Devising strategies 
D)  Auditing skills 
E)  Publicizing promotions 
A)  Planning tactics 
B)  Setting goals 
C)  Devising strategies 
D)  Auditing skills 
E)  Publicizing promotions

Question 20

Which kind of strategy takes place at the level of the product line and focuses on a firm's competitive position?

Accepted Answer

A)  Functional 
B)  Business 
C)  Local 
D)  Fundamental 
E)  Environmental 
A)  Functional 
B)  Business 
C)  Local 
D)  Fundamental 
E)  Environmental

An organization retrenches by increasing its investment in a particular area.

What of the following indicates an organization's reason for being?

The informational roles of a manager are natural continuations of a manager's interpersonal role.

Which aspect of the management process involves determining what the organization needs to do and how best to get it done?

Which type of business constituent has titles such as President and CEO?

What type of skill is needed to understand foreign markets,cultural differences,and motives of foreign rivals?

A three year goal is considered to be what?

SWOT analysis is usually conducted before strategic goals have been established.

What identifies performance targets used by organizations and their managers to measure success or failure at every level?

Who is responsible for designing and implementing systems to gather,organize,and distribute facts and data essential for the running of the company?

Contingency planning seeks to identify how a company will respond to change.

The first main component in the planning process is determining goals.What is the next step?

Titles such as plant manager,operations manager,and division manager designate which level of management?

If an organization sets out to increase its share of the snack food market by 10 percent during the next eight years,what kind of goal is the organization setting?

What skills can a manager utilize to work well with people and make them feel excited about their work?

Strategy has a wider scope than planning.

What is the difference between a goal and a strategy?

What does e-partnering involve?

What strategic management activity do company managers undertake so they can later measure success or failure at every organizational level?

Which kind of strategy takes place at the level of the product line and focuses on a firm's competitive position?

The US Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters

Exam 5: Managing the Business

An organization retrenches by increasing its investment in a particular area.

What of the following indicates an organization's reason for being?

The informational roles of a manager are natural continuations of a manager's interpersonal role.

Which aspect of the management process involves determining what the organization needs to do and how best to get it done?

Which type of business constituent has titles such as President and CEO?

What type of skill is needed to understand foreign markets,cultural differences,and motives of foreign rivals?

A three year goal is considered to be what?

SWOT analysis is usually conducted before strategic goals have been established.

What identifies performance targets used by organizations and their managers to measure success or failure at every level?

Who is responsible for designing and implementing systems to gather,organize,and distribute facts and data essential for the running of the company?

Contingency planning seeks to identify how a company will respond to change.

The first main component in the planning process is determining goals.What is the next step?

Titles such as plant manager,operations manager,and division manager designate which level of management?

If an organization sets out to increase its share of the snack food market by 10 percent during the next eight years,what kind of goal is the organization setting?

What skills can a manager utilize to work well with people and make them feel excited about their work?

Strategy has a wider scope than planning.

What is the difference between a goal and a strategy?

What does e-partnering involve?

What strategic management activity do company managers undertake so they can later measure success or failure at every organizational level?

Which kind of strategy takes place at the level of the product line and focuses on a firm's competitive position?

The US Business Environment

Understanding Business Ethics and Social Responsibility

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology Itfor Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters