Exam 1: The Management Process Today

Restructuring involves contracting with another company in a low-cost country abroad to have it perform a work activity the organization previously performed itself.

Identifying and selecting appropriate organizational goals and courses of action help managers perform the planning task.

Fresh Farms,Inc. ,is facing financial problems.In order to tackle the situation,the management has decided to reduce the number of middle managers by 20 percent to help them cut costs.This is an example of:

Organizations appoint turnaround CEOs when the organizations become more efficient and effective.

Organizations are collections of people who work together and coordinate their actions to achieve a wide variety of goals or desired future outcomes.

Managers identify and select appropriate organizational goals and courses of action to perform the ______________ task.

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

Pressure to increase performance may induce managers to behave unethically.

Being a part of top management at a large fast food chain,Donald is most likely to spend more of his time in:

The ability of one organization to outperform other organizations because it produces desired goods or services more efficiently and effectively than its competitors is known as its:

Define efficiency.When is an organization said to be efficient?

As managers articulate a clear organizational vision for the organization's members to accomplish and as they energize and enable employees so that everyone understands the part they play in achieving organizational goals,the managers are ______________.

Susan,the CEO of United Group Ltd. ,reviews the performance of her company in the past month's Profit & Loss Statement to determine if the company is on pace to meet the planned sales and profitability goals.Susan is engaged in which of the following managerial functions?

Organizations are efficient when managers maximize the amount of input resources.

Which of the following refers to a cluster of decisions concerning what organizational goals to pursue,what actions to take,and how to use resources to achieve these goals?

What does the managerial function of controlling involve?

Which of the following processes gives the managers the ability to measure performance accurately and regulate organizational efficiency and effectiveness?

Which of the following is an appropriate definition of organizational performance?

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

Organizations that operate and compete in more than one country are known as ____________ organizations.