Question 1

Bob's Barbecue currently has a 15 percent share of market.Bob has decided that he wants a 20 percent share of market by the end of the year.Bob has set

Accepted Answer

A)  a short-term goal. 
B)  a long-term goal. 
C)  a midrange goal. 
D)  a strategic target. 
E)  an intermediate goal. 
A)  a short-term goal. 
B)  a long-term goal. 
C)  a midrange goal. 
D)  a strategic target. 
E)  an intermediate goal.

Question 2

What is organizational politics?

Accepted Answer

The actions that peo

Question 3

The first step in the control process is to

Accepted Answer

A)  establish standards. 
B)  determine the jobs to be performed. 
C)  determine what the organization needs to do. 
D)  measure performance. 
E)  define the problem. 
A)  establish standards. 
B)  determine the jobs to be performed. 
C)  determine what the organization needs to do. 
D)  measure performance. 
E)  define the problem.

Question 4

If a hotel burns down a day before its grand opening,the managers are most likely to be engaged in

Accepted Answer

A)  crisis management. 
B)  contingency planning. 
C)  investment reduction. 
D)  retrenchment. 
E)  divestiture. 
A)  crisis management. 
B)  contingency planning. 
C)  investment reduction. 
D)  retrenchment. 
E)  divestiture.

Question 5

Martin is the CEO of Carter Inc.He has found that he must have the ability to think in the abstract,to diagnose and analyze different situations,and to see beyond what is known in the present.Martin's job requires ________ skill.

Accepted Answer

A)  technical 
B)  intuition 
C)  conceptual 
D)  human relations 
E)  decision making 
A)  technical 
B)  intuition 
C)  conceptual 
D)  human relations 
E)  decision making

Question 6

The basic management skill that deals with understanding and getting along with people is

Accepted Answer

A)  conceptual. 
B)  technical. 
C)  human relations. 
D)  decision-making. 
E)  time-management. 
A)  conceptual. 
B)  technical. 
C)  human relations. 
D)  decision-making. 
E)  time-management.

Question 7

Which of the following outlines how an organization intends to meet its mission statement goals and includes the firm's responsiveness to new challenges and needs?

Accepted Answer

A)  Goal setting 
B)  Controlling 
C)  Strategy 
D)  Tactics 
E)  Research and development 
A)  Goal setting 
B)  Controlling 
C)  Strategy 
D)  Tactics 
E)  Research and development

Question 8

A major difference among strategic plans,tactical plans,and operational plans is the time frame.

Accepted Answer

A) True 
 B)False

Question 9

Scanning the environment for threats and opportunities is referred to as

Accepted Answer

A)  organizational analysis. 
B)  devising strategy. 
C)  tactical planning. 
D)  environmental analysis. 
E)  developing implementation tactics. 
A)  organizational analysis. 
B)  devising strategy. 
C)  tactical planning. 
D)  environmental analysis. 
E)  developing implementation tactics.

Question 10

Montreal-based Gildan Activewear is pursuing what kind of business-level strategy?

Accepted Answer

A)  Investment reduction 
B)  Cost leadership 
C)  Differentiation 
D)  Focus 
E)  Horizontal integration 
A)  Investment reduction 
B)  Cost leadership 
C)  Differentiation 
D)  Focus 
E)  Horizontal integration

Question 11

The ________ manager helps hire and train employees as well as determine compensation.

Accepted Answer

A)  marketing 
B)  finance 
C)  information 
D)  operations 
E)  human resources 
A)  marketing 
B)  finance 
C)  information 
D)  operations 
E)  human resources

Question 12

Mega Computer has a goal of reducing its manufacturing costs by 15 percent over the next three years.Each of the manufacturing managers has been given tasks to reach this goal.In this case the goal

Accepted Answer

A)  helps assess performance. 
B)  provides direction. 
C)  helps allocate resources. 
D)  helps make decisions. 
E)  defines corporate culture. 
A)  helps assess performance. 
B)  provides direction. 
C)  helps allocate resources. 
D)  helps make decisions. 
E)  defines corporate culture.

Question 13

Common titles for top managers include president,vice president,treasurer,chief executive officer,and chief financial officer.

Accepted Answer

A) True 
 B)False

Question 14

List and describe the four management functions.

Accepted Answer

The four management functions are planni

Question 15

An environmental analysis involves scanning the business environment for strengths and weaknesses.

Accepted Answer

A) True 
 B)False

Question 16

A top manager at Belcourt Ltd.thinks the company should sell off a division that has so far failed to achieve a return on investment that is required at Belcourt.Which of the following would MOST weaken the manager's argument to sell off the division?

Accepted Answer

A)  Some other divisions at Belcourt have had even lower returns on investment than the division the manager wants to sell off. 
B)  The division's product is gaining in popularity with consumers. 
C)  Other companies don't have return on investment expectations as high as those at Belcourt. 
D)  The division in question uses a technology that was developed outside of Belcourt. 
E)  If Belcourt sold off the division,outsiders might think a new trend was developing with the product the division makes. 
A)  Some other divisions at Belcourt have had even lower returns on investment than the division the manager wants to sell off. 
B)  The division's product is gaining in popularity with consumers. 
C)  Other companies don't have return on investment expectations as high as those at Belcourt. 
D)  The division in question uses a technology that was developed outside of Belcourt. 
E)  If Belcourt sold off the division,outsiders might think a new trend was developing with the product the division makes.

Question 17

________ strategy takes place at the level of the business unit or product line,and focuses on a firm's competitive position.

Accepted Answer

A)  Business 
B)  Fundamental 
C)  Corporate 
D)  Mission 
E)  Functional 
A)  Business 
B)  Fundamental 
C)  Corporate 
D)  Mission 
E)  Functional

Question 18

What are the steps in the rational decision-making process?

Accepted Answer

Recognizing and defining the decision si

Question 19

"Ms.Jensen,there's someone here from the radio station to interview you about the explosion." Ms.Jensen is about to function in the role Mintzberg described as

Accepted Answer

A)  monitor. 
B)  disseminator. 
C)  spokesperson. 
D)  resource allocator. 
E)  leader. 
A)  monitor. 
B)  disseminator. 
C)  spokesperson. 
D)  resource allocator. 
E)  leader.

Question 20

When Millie was appointed president of Goodcare Hospital,she noticed that the former president had all the major functions reporting directly to him.She is analyzing the functions to see how they could be restructured to be more efficient.She is engaged in the management process of

Accepted Answer

A)  planning. 
B)  staffing. 
C)  organizing. 
D)  directing. 
E)  controlling. 
A)  planning. 
B)  staffing. 
C)  organizing. 
D)  directing. 
E)  controlling.

Bob's Barbecue currently has a 15 percent share of market.Bob has decided that he wants a 20 percent share of market by the end of the year.Bob has set

What is organizational politics?

The first step in the control process is to

If a hotel burns down a day before its grand opening,the managers are most likely to be engaged in

Martin is the CEO of Carter Inc.He has found that he must have the ability to think in the abstract,to diagnose and analyze different situations,and to see beyond what is known in the present.Martin's job requires ________ skill.

The basic management skill that deals with understanding and getting along with people is

Which of the following outlines how an organization intends to meet its mission statement goals and includes the firm's responsiveness to new challenges and needs?

A major difference among strategic plans,tactical plans,and operational plans is the time frame.

Scanning the environment for threats and opportunities is referred to as

Montreal-based Gildan Activewear is pursuing what kind of business-level strategy?

The ________ manager helps hire and train employees as well as determine compensation.

Mega Computer has a goal of reducing its manufacturing costs by 15 percent over the next three years.Each of the manufacturing managers has been given tasks to reach this goal.In this case the goal

Common titles for top managers include president,vice president,treasurer,chief executive officer,and chief financial officer.

List and describe the four management functions.

An environmental analysis involves scanning the business environment for strengths and weaknesses.

A top manager at Belcourt Ltd.thinks the company should sell off a division that has so far failed to achieve a return on investment that is required at Belcourt.Which of the following would MOST weaken the manager's argument to sell off the division?

________ strategy takes place at the level of the business unit or product line,and focuses on a firm's competitive position.

What are the steps in the rational decision-making process?

"Ms.Jensen,there's someone here from the radio station to interview you about the explosion." Ms.Jensen is about to function in the role Mintzberg described as

When Millie was appointed president of Goodcare Hospital,she noticed that the former president had all the major functions reporting directly to him.She is analyzing the functions to see how they could be restructured to be more efficient.She is engaged in the management process of

Understanding the Canadian Business System

Understanding the Environments of Business

Conducting Business Ethically and Responsibly

Understanding Entrepreneurship, small Business, and New Venture Creation

The Global Context of Business

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Pricing and Distributing Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

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Exam 6: Managing the Business Enterprise

Bob's Barbecue currently has a 15 percent share of market.Bob has decided that he wants a 20 percent share of market by the end of the year.Bob has set

What is organizational politics?

The first step in the control process is to

If a hotel burns down a day before its grand opening,the managers are most likely to be engaged in

Martin is the CEO of Carter Inc.He has found that he must have the ability to think in the abstract,to diagnose and analyze different situations,and to see beyond what is known in the present.Martin's job requires ________ skill.

The basic management skill that deals with understanding and getting along with people is

Which of the following outlines how an organization intends to meet its mission statement goals and includes the firm's responsiveness to new challenges and needs?

A major difference among strategic plans,tactical plans,and operational plans is the time frame.

Scanning the environment for threats and opportunities is referred to as

Montreal-based Gildan Activewear is pursuing what kind of business-level strategy?

The ________ manager helps hire and train employees as well as determine compensation.

Mega Computer has a goal of reducing its manufacturing costs by 15 percent over the next three years.Each of the manufacturing managers has been given tasks to reach this goal.In this case the goal

Common titles for top managers include president,vice president,treasurer,chief executive officer,and chief financial officer.

List and describe the four management functions.

An environmental analysis involves scanning the business environment for strengths and weaknesses.

A top manager at Belcourt Ltd.thinks the company should sell off a division that has so far failed to achieve a return on investment that is required at Belcourt.Which of the following would MOST weaken the manager's argument to sell off the division?

________ strategy takes place at the level of the business unit or product line,and focuses on a firm's competitive position.

What are the steps in the rational decision-making process?

"Ms.Jensen,there's someone here from the radio station to interview you about the explosion." Ms.Jensen is about to function in the role Mintzberg described as

When Millie was appointed president of Goodcare Hospital,she noticed that the former president had all the major functions reporting directly to him.She is analyzing the functions to see how they could be restructured to be more efficient.She is engaged in the management process of

Understanding the Canadian Business System

Understanding the Environments of Business

Conducting Business Ethically and Responsibly

Understanding Entrepreneurship, small Business, and New Venture Creation

The Global Context of Business

Managing Human Resources

Understanding Labourmanagement Relations

Motivating and Leading Employees

Producing Goods and Services

Increasing Productivity and Quality

Managing Information Systems and Communication Technology

Understanding Accounting Issues

Understanding Marketing Processes and Consumer Behaviour

Developing and Promoting Goods and Services

Pricing and Distributing Goods and Services

Understanding Money and Banking

Understanding Securities and Investments

Financial Decisions and Risk Management

Filters