Exam 9: Management Principles 

A capitalistic economy is one in which a central planning agency determines what is produced,when it is produced,who can produce it,and in what quantities it will be produced.

________ involves an evaluation of an employee's performance with established standards for that position.

Making decision based on generally held beliefs about proper corporate behavior is termed an organization's ________ responsibility.

Factors affecting the span of management include all of the following EXCEPT:

A subsidy is considered a trade barrier.

The authority that is based on a manager's expertise is termed ________.

Responsibility is the right to take action because of one's position in the organization.

The right of a manager to direct the work of others is termed authority.

Which of the following would likely result in a narrower span of management?

According to the ________ principle,authority and responsibility must coincide.

________ specify action by stating what must or must not be done in an organization.

The term,efficiency,means:

In a team division of labor,there is no management hierarchy involved.

The management function of planning:

The graphic presentation of an organization's structure is termed an organization chart.

The unity of command concepts means that an employee reports to only one manager.