Question 1

The number of students competing for places in business courses is on a constant decline.

Accepted Answer

A) True 
 B)False

Question 2

Discuss the managerial function of leading. What is its outcome?

Accepted Answer

In leading, managers articulate a clear

Question 3

An organization's efficiency decreases when it reduces the quantity of resources it uses to produce goods or services.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following management techniques involves giving employees more authority and responsibility over how they perform their work activities?

Accepted Answer

A)  Innovation 
B)  Total quality management 
C)  Empowerment 
D)  Outsourcing 
A)  Innovation 
B)  Total quality management 
C)  Empowerment 
D)  Outsourcing

Question 5

In order to ensure that it has a competitive advantage over its competitors, a company decides to acquire a much smaller local company. The move is an example of a ________.

Accepted Answer

A)  vision 
B)  business model 
C)  strategy 
D)  mission 
A)  vision 
B)  business model 
C)  strategy 
D)  mission

Question 6

Which of the four principal managerial tasks can help William understand his performance in the other three tasks?

Accepted Answer

A)  Planning 
B)  Organizing 
C)  Controlling 
D)  Leading 
A)  Planning 
B)  Organizing 
C)  Controlling 
D)  Leading

Question 7

A short, succinct, and inspiring statement of what the organization intends to become is an organization's ________.

Accepted Answer

A)  goal 
B)  strategy 
C)  vision 
D)  mission 
A)  goal 
B)  strategy 
C)  vision 
D)  mission

Question 8

Simplifying, shrinking, or downsizing an organization's operations to lower operating costs is known as ________.

Accepted Answer

A)  restructuring 
B)  outsourcing 
C)  empowering 
D)  innovating 
A)  restructuring 
B)  outsourcing 
C)  empowering 
D)  innovating

Question 9

A manufacturing company is said to be effective if it ________.

Accepted Answer

A)  uses fewer workers and yet maintains productivity as before 
B)  takes less time than before to produce a given output 
C)  sets appropriate goals and achieves them 
D)  generates employment for a large number of people 
A)  uses fewer workers and yet maintains productivity as before 
B)  takes less time than before to produce a given output 
C)  sets appropriate goals and achieves them 
D)  generates employment for a large number of people

Question 10

The outcome of organizing is the creation of a strategy.

Accepted Answer

A) True 
 B)False

Question 11

Today, the term "chief operating officer" refers to the chief executive officer.

Accepted Answer

A) True 
 B)False

Question 12

The task of managers to evaluate how well an organization has achieved its goals and to take any corrective actions needed to maintain or improve performance is ________.

Accepted Answer

A)  planning 
B)  organizing 
C)  leading 
D)  controlling 
A)  planning 
B)  organizing 
C)  leading 
D)  controlling

Question 13

How to allocate organizational resources to pursue the strategies that attain set goals is a question addressed during ________.

Accepted Answer

A)  regulating 
B)  planning 
C)  leading 
D)  controlling 
A)  regulating 
B)  planning 
C)  leading 
D)  controlling

Question 14

Which of the following strategies helps an organization to obtain customers by making decisions that allow it to produce goods or services more cheaply than its competitors?

Accepted Answer

A)  Disintermediation strategy 
B)  Low-cost strategy 
C)  Centralization strategy 
D)  Differentiation strategy 
A)  Disintermediation strategy 
B)  Low-cost strategy 
C)  Centralization strategy 
D)  Differentiation strategy

Question 15

A formal system of reporting relationships that coordinates and motivates organizational members so that they work together to achieve organizational goals is called an organizational ________.

Accepted Answer

A)  culture 
B)  structure 
C)  assimilation 
D)  chart 
A)  culture 
B)  structure 
C)  assimilation 
D)  chart

Question 16

If Lucas has opted for a differentiation strategy, which of the following courses of action is he taking?

Accepted Answer

A)  Selling goods at lower prices than rivals 
B)  Reaping benefits from economies of scale 
C)  Innovating products for different consumers 
D)  Opting for low-cost country sourcing 
A)  Selling goods at lower prices than rivals 
B)  Reaping benefits from economies of scale 
C)  Innovating products for different consumers 
D)  Opting for low-cost country sourcing

Question 17

Which of the following is true of effectiveness?

Accepted Answer

A)  Organizational performance increases in direct proportion to increase in effectiveness. 
B)  It is a measure of how productively resources are used to achieve a goal. 
C)  Organizations are effective when managers minimize the amount of input resources. 
D)  Effectiveness is related to performance but not efficiency. 
A)  Organizational performance increases in direct proportion to increase in effectiveness. 
B)  It is a measure of how productively resources are used to achieve a goal. 
C)  Organizations are effective when managers minimize the amount of input resources. 
D)  Effectiveness is related to performance but not efficiency.

Question 18

Which of the following describes organizational performance that results in a product that customers want at a quality and price that they can afford?

Accepted Answer

A)  Low efficiency and low effectiveness 
B)  High efficiency and low effectiveness 
C)  Low efficiency and high effectiveness 
D)  High efficiency and high effectiveness 
A)  Low efficiency and low effectiveness 
B)  High efficiency and low effectiveness 
C)  Low efficiency and high effectiveness 
D)  High efficiency and high effectiveness

Question 19

Who among the following has opted for a low-cost strategy?

Accepted Answer

A)  Nivon Flights in their first year are offering tickets cheaper than their competitors. 
B)  Klaus Ltd. is creating highly innovative products that appeal to different consumers. 
C)  Baron Blakes has ruled out achievement of economies of scale for its product range. 
D)  Cantaloupe Farms has decided to invest fewer resources into its marketing ventures. 
A)  Nivon Flights in their first year are offering tickets cheaper than their competitors. 
B)  Klaus Ltd. is creating highly innovative products that appeal to different consumers. 
C)  Baron Blakes has ruled out achievement of economies of scale for its product range. 
D)  Cantaloupe Farms has decided to invest fewer resources into its marketing ventures.

Question 20

Explain the significance of information technology with regard to empowering employees and facilitating self-managed teams.

Accepted Answer

Empowerment is a management technique th

The number of students competing for places in business courses is on a constant decline.

Discuss the managerial function of leading. What is its outcome?

An organization's efficiency decreases when it reduces the quantity of resources it uses to produce goods or services.

Which of the following management techniques involves giving employees more authority and responsibility over how they perform their work activities?

In order to ensure that it has a competitive advantage over its competitors, a company decides to acquire a much smaller local company. The move is an example of a ________.

Which of the four principal managerial tasks can help William understand his performance in the other three tasks?

A short, succinct, and inspiring statement of what the organization intends to become is an organization's ________.

Simplifying, shrinking, or downsizing an organization's operations to lower operating costs is known as ________.

A manufacturing company is said to be effective if it ________.

The outcome of organizing is the creation of a strategy.

Today, the term "chief operating officer" refers to the chief executive officer.

The task of managers to evaluate how well an organization has achieved its goals and to take any corrective actions needed to maintain or improve performance is ________.

How to allocate organizational resources to pursue the strategies that attain set goals is a question addressed during ________.

Which of the following strategies helps an organization to obtain customers by making decisions that allow it to produce goods or services more cheaply than its competitors?

A formal system of reporting relationships that coordinates and motivates organizational members so that they work together to achieve organizational goals is called an organizational ________.

If Lucas has opted for a differentiation strategy, which of the following courses of action is he taking?

Which of the following is true of effectiveness?

Which of the following describes organizational performance that results in a product that customers want at a quality and price that they can afford?

Who among the following has opted for a low-cost strategy?

Explain the significance of information technology with regard to empowering employees and facilitating self-managed teams.

Values, Attitudes, Emotions, and Culture: the Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Planning, Strategy, and Competitive Advantage

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and

Filters

Exam 1: The Management Process Today

The number of students competing for places in business courses is on a constant decline.

Discuss the managerial function of leading. What is its outcome?

An organization's efficiency decreases when it reduces the quantity of resources it uses to produce goods or services.

Which of the following management techniques involves giving employees more authority and responsibility over how they perform their work activities?

In order to ensure that it has a competitive advantage over its competitors, a company decides to acquire a much smaller local company. The move is an example of a ________.

Which of the four principal managerial tasks can help William understand his performance in the other three tasks?

A short, succinct, and inspiring statement of what the organization intends to become is an organization's ________.

Simplifying, shrinking, or downsizing an organization's operations to lower operating costs is known as ________.

A manufacturing company is said to be effective if it ________.

The outcome of organizing is the creation of a strategy.

Today, the term "chief operating officer" refers to the chief executive officer.

The task of managers to evaluate how well an organization has achieved its goals and to take any corrective actions needed to maintain or improve performance is ________.

How to allocate organizational resources to pursue the strategies that attain set goals is a question addressed during ________.

Which of the following strategies helps an organization to obtain customers by making decisions that allow it to produce goods or services more cheaply than its competitors?

A formal system of reporting relationships that coordinates and motivates organizational members so that they work together to achieve organizational goals is called an organizational ________.

If Lucas has opted for a differentiation strategy, which of the following courses of action is he taking?

Which of the following is true of effectiveness?

Which of the following describes organizational performance that results in a product that customers want at a quality and price that they can afford?

Who among the following has opted for a low-cost strategy?

Explain the significance of information technology with regard to empowering employees and facilitating self-managed teams.

Values, Attitudes, Emotions, and Culture: the Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Planning, Strategy, and Competitive Advantage

Designing Organizational Structure

Control, Change, and Entrepreneurship

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and

Filters