Question 1

When Betsy informed her supervisor that the furniture assemblers at their manufacturing plant were using 20 percent more raw materials in the current month when compared to the preceding months,she was involved in the management function of:

Accepted Answer

A)  planning.
B)  structuring.
C)  staffing.
D)  controlling.
E)  benchmarking.F) A) and B)
G) C) and D)

Question 2

Which of the following statements is true of the goals of a company?

Accepted Answer

A)  A company can have only one goal that combines all elements of its mission statement.
B)  A goal is defined as a declaration of a company's fundamental purpose and basic philosophy.
C)  Once a goal is set,companies typically do not need to review the goal or monitor progress against the goal set.
D)  A goal merely states what a company seeks to achieve without stipulating any standards of quality or amount of time needed to reach the goal.
E)  An attribute,a target,and a time frame are the three elements of a goal set by a company to achieve its mission.F) D) and E)
G) C) and D)

Question 3

The top management of New 18 Apparels Inc.has decided to set up an online store to cater to the changing business environment and reach out to the Asian market.The management has also identified that the success of the company will depend on its ability to create and develop new products and processes in the next two years.This is an example of _____.

Accepted Answer

A)  functional planning
B)  strategic planning
C)  static planning
D)  operational planning
E)  tactical planningF) B) and E)
G) C) and E)

Question 4

A marketing manager is primarily responsible for:

Accepted Answer

A)  identifying and efficiently using sources of financing.
B)  hiring employees and dealing with them in a formalized manner.
C)  planning,pricing,and promoting products and overseeing their distribution.
D)  managing an entire business of a major segment of the business.
E)  implementing,maintaining,and controlling technology applications required by a company.F) B) and D)
G) All of the above

Question 5

_____,a type of plan for meeting objectives,include plans to move into international markets.

Accepted Answer

A)  Incremental plans
B)  Tactical plans
C)  Strategic plans
D)  Operational plans
E)  Static plansF) All of the above
G) A) and C)

Question 6

The top management of XSports Autos Inc.creates a strategic plan to enter new product markets within a period of five years.The company's middle management creates half-yearly plans to ensure that the objectives of the strategic plan are properly implemented.Along with these plans,each department creates short-term plans that specify the actions to be taken by specific employees and teams to meet the objectives of the strategic plan and the half-yearly plans.These short-term plans established at the departmental level are referred to as _____.

Accepted Answer

A)  operational plans
B)  contingency plans
C)  static plans
D)  tactical plans
E)  executive-level plansF) A) and E)
G) A) and D)

Question 7

_____ are the ends or results desired by an organization that are derived from the organization's mission.

Accepted Answer

A)  Protocols
B)  Statutes
C)  Objectives
D)  Agendas
E)  ReferendumsF) C) and E)
G) All of the above

Question 8

Lara was less educationally qualified and experienced than her colleagues when she joined Aurora Systems Inc.However,due to her ability to negotiate effectively with clients,convince her team members to work harder,and understand their needs,she is a senior-level manager today.Which of the following skills can be most attributed to Lara's success in this scenario?

Accepted Answer

A)  Technical skills
B)  Cognitive skills
C)  Human relations skills
D)  Critical thinking skills
E)  Psychomotor skillsF) A) and B)
G) C) and D)

Question 9

Which of the following questions does the mission statement of an organization seek to answer?

Accepted Answer

A)  What business are we in?
B)  How do we expand our business?
C)  What are our staffing requirements?
D)  Why are we not cost effective?
E)  How do we meet the annual sales target?F) A) and D)
G) A) and C)

Question 10

_____ spend most of their time directing and controlling the daily operations of an organization.

Accepted Answer

A)  Board of directors
B)  Middle managers
C)  Top-level managers
D)  First-line managers
E)  Chief executive officersF) A) and E)
G) B) and D)

Question 11

The first step in decision-making process is developing options directly.

Accepted Answer

A) True 
 B)False

Question 12

The principal difference between objectives and goals is that:

Accepted Answer

A)  objectives are broad,while goals are narrow.
B)  objectives can be multiple,while a company can have only one goal.
C)  objectives are measurable,while goals need not be measurable.
D)  objectives are long term,while goals are short term.
E)  objectives cannot lead to a competitive advantage,while goals can lead to a competitive advantage.F) B) and E)
G) A) and B)

Question 13

_____ is the structuring of resources and activities to accomplish objectives in an efficient and effective manner.

Accepted Answer

A)  Evaluating
B)  Organizing
C)  Crowdsourcing
D)  Controlling
E)  FactoringF) C) and E)
G) C) and D)

Question 14

Forecasting is a part of the management function of:

Accepted Answer

A)  planning.
B)  crowdsourcing.
C)  nearshoring.
D)  factoring.
E)  retailing.F) A) and E)
G) None of the above

Question 15

When selecting the best option among a series of possible decisions,_____.

Accepted Answer

A)  it is always advisable to choose just one.
B)  quantitative and qualitative analyses are foolproof at all times.
C)  all options must be tried and tested simultaneously.
D)  it is always possible to use an objective procedure.
E)  it may be possible to use a combination of several options.F) A) and E)
G) None of the above

Question 16

Identify the management function in which top managers in an organization spend most of their time.

Accepted Answer

A)  Benchmarking
B)  Controlling
C)  Organizing
D)  Staffing
E)  PlanningF) None of the above
G) B) and D)

Question 17

Management takes place only in business settings.

Accepted Answer

A) True 
 B)False

Question 18

_____ is an element in planning that deals with potential disasters such as product tampering,oil spills,fire,earthquake,computer viruses,or airplane crash.

Accepted Answer

A)  Supply chain management
B)  Crisis management
C)  Value chain management
D)  Enterprise resource planning
E)  Material requirements planningF) A) and E)
G) A) and B)

Question 19

Production and operations managers are concerned with:

Accepted Answer

A)  identifying and efficiently using sources of financing.
B)  managing an entire market segment of a business.
C)  planning,pricing,and promoting products.
D)  transforming resources into good and services.
E)  recruiting new employees and developing employee programs.F) A) and B)
G) A) and D)

Question 20

Most people get their initial managerial experience as _____,those who supervise workers and the daily operations of an organization.

Accepted Answer

A)  top managers
B)  middle managers
C)  first-line managers
D)  chief operations officers
E)  chief financial officersF) A) and C)
G) All of the above

Exam 6: The Nature of Management

_____ is the structuring of resources and activities to accomplish objectives in an efficient and effective manner.

Correct Answer
verified

_____ are the ends or results desired by an organization that are derived from the organization's mission.

Correct Answer
verified

Most people get their initial managerial experience as _____,those who supervise workers and the daily operations of an organization.

Correct Answer
verified

A marketing manager is primarily responsible for:

Correct Answer
verified

When Betsy informed her supervisor that the furniture assemblers at their manufacturing plant were using 20 percent more raw materials in the current month when compared to the preceding months,she was involved in the management function of:

Correct Answer
verified

_____,a type of plan for meeting objectives,include plans to move into international markets.

Correct Answer
verified

_____ spend most of their time directing and controlling the daily operations of an organization.

Correct Answer
verified

Correct Answer
verified

_____ is an element in planning that deals with potential disasters such as product tampering,oil spills,fire,earthquake,computer viruses,or airplane crash.

Correct Answer
verified

When selecting the best option among a series of possible decisions,_____.

Correct Answer
verified

Production and operations managers are concerned with:

Correct Answer
verified

Forecasting is a part of the management function of:

Correct Answer
verified

Which of the following questions does the mission statement of an organization seek to answer?

Correct Answer
verified

The principal difference between objectives and goals is that:

Correct Answer
verified

Management takes place only in business settings.

Correct Answer
verified

Correct Answer
verified

The first step in decision-making process is developing options directly.

Correct Answer
verified

Identify the management function in which top managers in an organization spend most of their time.

Correct Answer
verified

Correct Answer
verified

Which of the following statements is true of the goals of a company?

Correct Answer
verified

Exam 6: The Nature of Management

_____ is the structuring of resources and activities to accomplish objectives in an efficient and effective manner.

Correct AnswerverifiedShow Answer

_____ are the ends or results desired by an organization that are derived from the organization's mission.

Correct AnswerverifiedShow Answer

Most people get their initial managerial experience as _____,those who supervise workers and the daily operations of an organization.

Correct AnswerverifiedShow Answer

A marketing manager is primarily responsible for:

Correct AnswerverifiedShow Answer

When Betsy informed her supervisor that the furniture assemblers at their manufacturing plant were using 20 percent more raw materials in the current month when compared to the preceding months,she was involved in the management function of:

Correct AnswerverifiedShow Answer

_____,a type of plan for meeting objectives,include plans to move into international markets.

Correct AnswerverifiedShow Answer

_____ spend most of their time directing and controlling the daily operations of an organization.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

_____ is an element in planning that deals with potential disasters such as product tampering,oil spills,fire,earthquake,computer viruses,or airplane crash.

Correct AnswerverifiedShow Answer

When selecting the best option among a series of possible decisions,_____.

Correct AnswerverifiedShow Answer

Production and operations managers are concerned with:

Correct AnswerverifiedShow Answer

Forecasting is a part of the management function of:

Correct AnswerverifiedShow Answer

Which of the following questions does the mission statement of an organization seek to answer?

Correct AnswerverifiedShow Answer

The principal difference between objectives and goals is that:

Correct AnswerverifiedShow Answer

Management takes place only in business settings.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The first step in decision-making process is developing options directly.

Correct AnswerverifiedShow Answer

Identify the management function in which top managers in an organization spend most of their time.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Which of the following statements is true of the goals of a company?

Correct AnswerverifiedShow Answer

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