Question 1

When the management of a large grocery store heard that Super Wal-Mart might be coming to town, they developed alternative courses of action they could take if their competitive landscape changed.What type of plan did they develop?

Accepted Answer

A)   strategic
B)   objective
C)   contingency
D)   tactical
E)   operationalF) A) and B)
G) A) and C)

Question 2

Middle managers occupy the management level that falls between the operating employees and first-line managers.

Accepted Answer

A) True 
 B)False

Question 3

The investment decisions of many traders on Wall Street in the early 2000s led to the downfall of several investment companies, demonstrating that employee goals were not aligned with company goals.This indicates a failure of which basic managerial function?

Accepted Answer

A)   planning
B)   organizing
C)   leading
D)   motivating
E)   controllingF) C) and D)
G) A) and E)

Question 4

An organization's most important resource is its ____ resources.

Accepted Answer

A)   material
B)   human
C)   financial
D)   information
E)   technicalF) None of the above
G) C) and D)

Question 5

At Silver Paper's company meeting in August, the owner states that the company will increase its sales of Christmas cards by 50 percent over last year's sales.This statement is called a(n)  _____.

Accepted Answer

A)   goal
B)   mission
C)   strategy
D)   objective
E)   tactical planF) B) and E)
G) A) and B)

Question 6

The leadership style advocating that a leader makes all decisions and tells subordinates what to do and how to do it is called _____.

Accepted Answer

A)   laissez-faire
B)   participative
C)   democratic
D)   existential
E)   authoritarianF) B) and E)
G) A) and B)

Question 7

How would a manager decide which of several alternative solutions to choose as a course of action for the firm?

Accepted Answer

A manager would decide which of several ...

Question 8

Managers who must be familiar with the Equal Employment Opportunity Commission regulations are ____ managers.

Accepted Answer

A)   financial
B)   operations
C)   marketing
D)   administrative
E)   human resourcesF) A) and B)
G) C) and E)

Question 9

A manager with strong conceptual skills is able to think well in concrete terms.

Accepted Answer

A) True 
 B)False

Question 10

In what ways does leading differ from motivating?

Accepted Answer

Leading and motivating are two distinct ...

Question 11

Which of the following statements is false?

Accepted Answer

A)   Managers often work more than forty hours a week.
B)   Managers are responsible for coordinating the organization's resources.
C)   Under the government wage regulations, managers must be paid overtime for work in excess of forty hours a week.
D)   To be effective, managers must lead and motivate.
E)   Typically, the number of hours a manager works increases as he or she moves up the corporate ladder.F) A) and E)
G) C) and D)

Question 12

____ resources are used to meet obligations to investors and creditors.

Accepted Answer

A)   Tangible
B)   Intangible
C)   Material
D)   Financial
E)   HumanF) A) and E)
G) None of the above

Question 13

Describe the style of the democratic leader.

Accepted Answer

The democratic leadership style, also kn...

Question 14

When JCPenney first decided to sell its merchandise online, the manager in charge of the process had to hire a technical staff to create the website, gather other resources necessary for the project, and ensure the site would be introduced in an effective and efficient manner.This is a description of the manager's ____ function.

Accepted Answer

A)   planning
B)   organizing
C)   goal-setting
D)   motivating
E)   controllingF) B) and E)
G) A) and E)

Question 15

Entrepreneur, disturbance handler, resource allocator, and negotiator are all ____ roles of a manager.

Accepted Answer

A)   interpersonal
B)   informational
C)   conflictional
D)   authoritative
E)   decisionalF) A) and C)
G) A) and E)

Question 16

It is important for a manager to understand the ____ of subordinates in order to encourage effective performance.

Accepted Answer

A)   control needs
B)   leadership skills
C)   standards
D)   financial needs
E)   motivationsF) A) and E)
G) C) and D)

Question 17

Financial managers create and manage the systems that convert resources into goods and services.

Accepted Answer

A) True 
 B)False

Question 18

What are two components that are crucial to the effectiveness of a total quality management program?

Accepted Answer

Two components that are crucial to the e...

Question 19

IBM's principal reason for existing is to earn a profit for its shareholders.The means by which IBM does this is through the manufacture of computers.These two statements describe, respectively, IBM's _____.

Accepted Answer

A)   strategy
B)   mission
C)   policy
D)   tactical plan
E)   control processF) A) and B)
G) A) and C)

Question 20

The manager of a McDonald's restaurant is an example of a(n)  ____ manager.

Accepted Answer

A)   top
B)   operations
C)   middle
D)   first-line
E)   administrativeF) C) and D)
G) None of the above

Exam 6: Understanding the Management Process

An organization's most important resource is its ____ resources.

Correct Answer
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How would a manager decide which of several alternative solutions to choose as a course of action for the firm?

Correct Answer
Answered by ExamLex AI
A manager would decide which of several ...
View Answer

The leadership style advocating that a leader makes all decisions and tells subordinates what to do and how to do it is called _____.

Correct Answer
verified

A manager with strong conceptual skills is able to think well in concrete terms.

Correct Answer
verified

Financial managers create and manage the systems that convert resources into goods and services.

Correct Answer
verified

What are two components that are crucial to the effectiveness of a total quality management program?

Correct Answer
Answered by ExamLex AI
Two components that are crucial to the e...
View Answer

The investment decisions of many traders on Wall Street in the early 2000s led to the downfall of several investment companies, demonstrating that employee goals were not aligned with company goals.This indicates a failure of which basic managerial function?

Correct Answer
verified

Managers who must be familiar with the Equal Employment Opportunity Commission regulations are ____ managers.

Correct Answer
verified

Middle managers occupy the management level that falls between the operating employees and first-line managers.

Correct Answer
verified

In what ways does leading differ from motivating?

Correct Answer
Answered by ExamLex AI
Leading and motivating are two distinct ...
View Answer

Correct Answer
verified

At Silver Paper's company meeting in August, the owner states that the company will increase its sales of Christmas cards by 50 percent over last year's sales.This statement is called a(n) _____.

Correct Answer
verified

It is important for a manager to understand the ____ of subordinates in order to encourage effective performance.

Correct Answer
verified

Describe the style of the democratic leader.

Correct Answer
Answered by ExamLex AI
The democratic leadership style, also kn...
View Answer

IBM's principal reason for existing is to earn a profit for its shareholders.The means by which IBM does this is through the manufacture of computers.These two statements describe, respectively, IBM's _____.

Correct Answer
verified

Which of the following statements is false?

Correct Answer
verified

____ resources are used to meet obligations to investors and creditors.

Correct Answer
verified

The manager of a McDonald's restaurant is an example of a(n) ____ manager.

Correct Answer
verified

Entrepreneur, disturbance handler, resource allocator, and negotiator are all ____ roles of a manager.

Correct Answer
verified

When the management of a large grocery store heard that Super Wal-Mart might be coming to town, they developed alternative courses of action they could take if their competitive landscape changed.What type of plan did they develop?

Correct Answer
verified

Exam 6: Understanding the Management Process

An organization's most important resource is its ____ resources.

Correct AnswerverifiedShow Answer

How would a manager decide which of several alternative solutions to choose as a course of action for the firm?

Correct AnswerAnswered by ExamLex AIA manager would decide which of several ...View AnswerShow Answer

The leadership style advocating that a leader makes all decisions and tells subordinates what to do and how to do it is called _____.

Correct AnswerverifiedShow Answer

A manager with strong conceptual skills is able to think well in concrete terms.

Correct AnswerverifiedShow Answer

Financial managers create and manage the systems that convert resources into goods and services.

Correct AnswerverifiedShow Answer

What are two components that are crucial to the effectiveness of a total quality management program?

Correct AnswerAnswered by ExamLex AITwo components that are crucial to the e...View AnswerShow Answer

The investment decisions of many traders on Wall Street in the early 2000s led to the downfall of several investment companies, demonstrating that employee goals were not aligned with company goals.This indicates a failure of which basic managerial function?

Correct AnswerverifiedShow Answer

Managers who must be familiar with the Equal Employment Opportunity Commission regulations are ____ managers.

Correct AnswerverifiedShow Answer

Middle managers occupy the management level that falls between the operating employees and first-line managers.

Correct AnswerverifiedShow Answer

In what ways does leading differ from motivating?

Correct AnswerAnswered by ExamLex AILeading and motivating are two distinct ...View AnswerShow Answer

Correct AnswerverifiedShow Answer

At Silver Paper's company meeting in August, the owner states that the company will increase its sales of Christmas cards by 50 percent over last year's sales.This statement is called a(n) _____.

Correct AnswerverifiedShow Answer

It is important for a manager to understand the ____ of subordinates in order to encourage effective performance.

Correct AnswerverifiedShow Answer

Describe the style of the democratic leader.

Correct AnswerAnswered by ExamLex AIThe democratic leadership style, also kn...View AnswerShow Answer

IBM's principal reason for existing is to earn a profit for its shareholders.The means by which IBM does this is through the manufacture of computers.These two statements describe, respectively, IBM's _____.

Correct AnswerverifiedShow Answer

Which of the following statements is false?

Correct AnswerverifiedShow Answer

____ resources are used to meet obligations to investors and creditors.

Correct AnswerverifiedShow Answer

The manager of a McDonald's restaurant is an example of a(n) ____ manager.

Correct AnswerverifiedShow Answer

Entrepreneur, disturbance handler, resource allocator, and negotiator are all ____ roles of a manager.

Correct AnswerverifiedShow Answer

When the management of a large grocery store heard that Super Wal-Mart might be coming to town, they developed alternative courses of action they could take if their competitive landscape changed.What type of plan did they develop?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
A manager would decide which of several ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Two components that are crucial to the e...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Leading and motivating are two distinct ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The democratic leadership style, also kn...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified