Question 1

Collier Corp.has grown by boosting sales of present products by more aggressive selling in the firm's current markets.This is an example of

Accepted Answer

A)  concentration. 
B)  market penetration. 
C)  geographic expansion. 
D)  product development. 
E)  horizontal integration.

Question 2

Strategic goals are derived directly from the firm's mission statement.

Accepted Answer

A) True 
 B)False

Question 3

Top managers are to middle and lower-level managers as

Accepted Answer

A)  a strategic plan is to an operational plan. 
B)  vertical integration is to horizontal integration. 
C)  a computer is to a server. 
D)  market penetration is to product development. 
E)  cost leadership is to differentiation.

Question 4

What is the difference in the need for conceptual skills at first-line management levels and the need at top management levels,and what accounts for any difference?

Accepted Answer

The answer of What is the difference in the need...

Question 5

Tom Smith Jr.,a manager responsible for hockey stick tape production at StickStuck Corp.,spontaneously tours the plant to check on what's going on.By so doing,Tom is functioning in Mintzberg's ________ role.

Accepted Answer

A)  resource allocator 
B)  monitor 
C)  figurehead 
D)  leader 
E)  liaison

Question 6

Corporate culture influences management philosophy,style,and behaviour.

Accepted Answer

A) True 
 B)False

Question 7

Explain how plans differ at the strategic,tactical,and operational levels.

Accepted Answer

The answer of Explain how plans differ at the strategic,tactical,and...

Question 8

Determining what a firm needs to do and how best to accomplish that is called

Accepted Answer

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

Question 9

Which of the following best captures the difference between efficiency and effectiveness?

Accepted Answer

A)  Efficiency means doing what the company's engineers want,while effectiveness means doing what consumers want. 
B)  Efficiency means maximizing output,while effectiveness means maximizing profit. 
C)  Efficiency means doing things right,while effectiveness means doing the right things. 
D)  Efficiency means doing what production wants,while effectiveness means doing what the marketing department wants. 
E)  Efficiency means working as fast as possible,while effectiveness means working smart.

Question 10

What time periods are typically covered by long-term goals?

Accepted Answer

A)  5-25 years into the future 
B)  10-15 years or more into the future 
C)  5 years or more into the future 
D)  Anything longer than three years 
E)  1-3 years in the future

Question 11

The hiring,training,evaluation,and compensation of employees is the responsibility of

Accepted Answer

A)  research and development managers. 
B)  operations managers. 
C)  vice-presidents. 
D)  human resource managers. 
E)  supervisors.

Question 12

Garrett Corp.wants to be known as a company that produces products that enhance consumers' "satisfaction with easy living." If Garrett actually achieves this goal in the eyes of consumers,what is the MOST likely result?

Accepted Answer

A)  The company would feel pressure to expand its business to include a wider range of products and services. 
B)  Customers who have a positive experience with one of Garrett's products try other products made by the company. 
C)  Company divisions would be more likely to create their own individual mission statements. 
D)  Sales of Garrett's higher-priced offerings would increase less than sales of lower-priced offerings. 
E)  Customers would put more emphasis on price and less on customer service.

Question 13

The ability to think in the abstract,to diagnose and analyze different situations,and to see beyond the present are managerial skills that are crucial for top managers.

Accepted Answer

A) True 
 B)False

Question 14

What are the purposes of goal setting?

Accepted Answer

The answer of What are the purposes of goal setting?...

Question 15

Describe five of the different corporate-level strategies that a company might pursue.

Accepted Answer

The answer of Describe five of the different corporate-level strategies...

Question 16

What are the three levels of plans?

Accepted Answer

The answer of What are the three levels of plans?...

Question 17

If Ben and Jerry's Ice Cream has a goal of investing 2 percent of their after-tax profits in charitable contributions,that goal

Accepted Answer

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

Question 18

To improve their insights into employee needs and company operations,some managers work alongside lower-level employees on a temporary basis.

Accepted Answer

A) True 
 B)False

Question 19

At least some level of conceptual skill is needed at every level of management.

Accepted Answer

A) True 
 B)False

Question 20

The four-part management process includes

Accepted Answer

A)  planning,organizing,leading,and decision making. 
B)  planning,decision making,target establishment,and comparison of performance to the standard. 
C)  organizing,planning,leading,and controlling. 
D)  leading,organizing,controlling,and goal establishment. 
E)  planning,controlling,leading,and decision making.

Exam 6: Managing the Business Enterprise

Collier Corp.has grown by boosting sales of present products by more aggressive selling in the firm's current markets.This is an example of

Strategic goals are derived directly from the firm's mission statement.

Top managers are to middle and lower-level managers as

What is the difference in the need for conceptual skills at first-line management levels and the need at top management levels,and what accounts for any difference?

Tom Smith Jr.,a manager responsible for hockey stick tape production at StickStuck Corp.,spontaneously tours the plant to check on what's going on.By so doing,Tom is functioning in Mintzberg's ________ role.

Corporate culture influences management philosophy,style,and behaviour.

Explain how plans differ at the strategic,tactical,and operational levels.

Determining what a firm needs to do and how best to accomplish that is called

Which of the following best captures the difference between efficiency and effectiveness?

What time periods are typically covered by long-term goals?

The hiring,training,evaluation,and compensation of employees is the responsibility of

Garrett Corp.wants to be known as a company that produces products that enhance consumers' "satisfaction with easy living." If Garrett actually achieves this goal in the eyes of consumers,what is the MOST likely result?

The ability to think in the abstract,to diagnose and analyze different situations,and to see beyond the present are managerial skills that are crucial for top managers.

What are the purposes of goal setting?

Describe five of the different corporate-level strategies that a company might pursue.

What are the three levels of plans?

If Ben and Jerry's Ice Cream has a goal of investing 2 percent of their after-tax profits in charitable contributions,that goal

To improve their insights into employee needs and company operations,some managers work alongside lower-level employees on a temporary basis.

At least some level of conceptual skill is needed at every level of management.

The four-part management process includes