Chapter 1 Management: Principles and Practices

 Management: Principles and Applications 5th Edition Leonard Bierman, O.C. Ferrell; Linda Ferrell Test get full test bank Contact us : testbankp@gmail.com or send us message

Chapter 1

Management: Principles and Practices

 

 

MULTIPLE CHOICE

 

1.   What is management?

A.  Activities that deal primarily with the allocation of resources in order to reach organizational objectives

B.  Influencing others’ activities to achieve set goals

C.  A set of activities designed to achieve an organization’s objectives by using its resources effectively and efficiently in a changing environment

D.  Those activities that an organization undertakes to ensure that its actions lead to achievement of its objectives

 

ANS: C                                                              REF: p. 3

 

2.   Using resources in a way that produces desired results is

A.  efficient.

B.  smart.

C.  timely.

D.  effective.

 

ANS: D                                                              REF: p. 3

 

3.   Accomplishing objectives with a minimum of resources is

A.  effective.

B.  efficient.

C.  motivational.

D.  expected.

 

ANS: B                                                              REF: p. 3

 


 

4.   What name is given to individuals who make decisions about the use of the organization’s resources, and are concerned with planning, organizing, leading, and controlling the organization’s activities so as to reach its objectives?

A.  Leaders

B.  Auditors

C.  Managers

D.  Supervisors

 

ANS: C                                                              REF: p. 3

 

5.   What is an organization?

A.  People, equipment, finances, and data used to reach objectives

B.  Institutions that cannot retain earnings over expenses, do not have equity interests, and cannot be bought or sold

C.  The knowledge and ability to accomplish the specialized activities of the work group

D.  A group of individuals who work together to achieve the goals or objectives that are important to these individuals

 

ANS: D                                                              REF: p. 3

 

6.   Which of the following characteristics best relates to resources?

A.  The activities involved in designing jobs for employees, grouping these jobs together into departments, and developing working relationships among organizational units/departments and employees to carry out the plans

B.  A set of activities designed to achieve an organization’s objectives by using its equipment effectively and efficiently in a changing environment

C.  People, equipment, finances, and data used by an organization to reach its objectives

D.  Groups of individuals who work together to achieve the goals or objectives that are important to these individuals

 

ANS: C                                                              REF: p. 3

 

7.   Effective use of an organization's resources means

A.  recognizing different work situations.

B.  using a minimum of resources.

C.  using the very latest technology.

D.  achieving the intended result.

 

ANS: D                                                              REF: p. 3

 


 

8.   The process of influencing the activities of an individual or a group toward the achievement of a goal is

A.  leadership.

B.  decision making.

C.  implementation of work tasks.

D.  planning.

 

ANS: A                                                              REF: p. 3

 

9.   As defined in the text, organizations are groups of individuals who work together to achieve

A.  synergy and harmony for everyone.

B.  winning results in the business world.

C.  goals and objectives important to them.

D.  profitability, productivity, and participation.

 

ANS: C                                                              REF: p. 3

 

10.   All of the following are usually included in the classification of major management functions EXCEPT

A.  planning.

B.  organizing.

C.  leading.

D.  staffing.

 

ANS: D                                                              REF: p. 3

 

11.   The nature of an employee's relationship with their manager would probably affect all of the following work variables EXCEPT

A.  work attitudes.

B.  choice of health insurance.

C.  job satisfaction.

D.  job commitment.

 

ANS: B                                                              REF: p. 4

 

12.   Which of the following refers to a person or group that can affect, or is affected by, an organization’s goals or the means to achieve those goals?

A.  Human resources managers

B.  Front-line managers

C.  Middle managers

D.  Stakeholder

 

ANS: D                                                              REF: p. 5


 

13.   What term describes determining what the organization will specifically accomplish and deciding how to accomplish these goals?

A.  Leading

B.  Controlling

C.  Planning

D.  Organizing

 

ANS: C                                                              REF: p. 6

 

14.   What name is given to the activities involved in designing jobs for employees, grouping these jobs together into departments, and developing working relationships among organizational units/departments and employees to carry out the plans?

A.  Leading

B.  Planning

C.  Organizing

D.  Controlling

 

ANS: C                                                              REF: p. 6

 

15.   When the manager of the Boston Red Sox chooses the starting line-up for the next game, the manager is

A.  planning.

B.  organizing.

C.  leading.

D.  controlling.

 

ANS: A                                                              REF: p. 6

 

16.   The objective of a manager's planning is to

A.  choose among available techniques and assets.

B.  group jobs together into departments.

C.  use the resources at his or her command.

D.  staff his or her unit adequately.

 

ANS: C                                                              REF: p. 6

 

17.   When the manager of the Boston Red Sox uses the scouting, player development, and travel departments to make plans for an upcoming series, the manager is

A.  organizing.

B.  planning.

C.  controlling.

D.  leading.

 

ANS: A                                                              REF: p. 6

 


 

18.   IBM has recently rearranged various administrative divisions and departments. This activity can be classified into which major management function?

A.  Downsizing

B.  Planning

C.  Leading

D.  Organizing

 

ANS: D                                                              REF: p. 6

 

19.   What is artificial intelligence?

A.  Systems and machines that learn and perform tasks that typically require human intelligence

B.  Individuals who make decisions about the use of the organization’s resources

C.  A person or group that can affect, or is affected by, an organization’s goals or the means to achieve those goals

D.  A framework used to evaluate an organization’s performance related to environmental, social, and governance issues

 

ANS: A                                                              REF: p. 6

 

20.   You own the Potentially Profitable Pizzeria in Pochohantas, Pennsylvania, and you and your managers decide that it is critically important to deliver high-quality hot pizza to customers within a five-mile radius within 25 minutes. You and your managers are

A.  coordinating important organizational activities.

B.  setting organizational goals and objectives.

C.  planning, staffing, organizing, and controlling.

D.  setting yourselves up for big legal trouble.

 

ANS: B                                                              REF: p. 6

 

21.   You are a small aerospace subcontractor, Airflite Associates, and you have a chance to land a major contract with Boeing for an in-flight stabilization device. You put together a team of seven of your brightest managers and employees to design and develop the device. In terms of the major management functions, you are primarily

A.  Organizing

B.  Leading

C.  Controlling

D.  Planning

 

ANS: A                                                              REF: p. 6

 


 

22.   What is meant by leading?

A.  Determining what the organization will specifically accomplish and deciding how to accomplish these goals

B.  Influencing others’ activities to achieve set goals

C.  Those activities that an organization undertakes to ensure that its actions lead to achievement of its objectives

D.  The activities involved in designing jobs for employees, grouping these jobs together into departments, and developing working relationships among organizational units/departments and employees to carry out the plans

 

ANS: B                                                              REF: p. 7

 

23.   Which of the following characteristics relates to controlling?

A.  Activities that focus on data important for the decisions the manager needs to make

B.  Those activities that an organization undertakes to ensure that its actions lead to achievement of its objectives

C.  The activities involved in designing jobs for employees, grouping these jobs together into departments, and developing working relationships among organizational units/departments and employees to carry out the plans

D.  Determining what the organization will specifically accomplish and deciding how to accomplish these goals

 

ANS: B                                                              REF: p. 7

 

24.   The manager of the Boston Red Sox delivers a fiery speech just before the game about why it is critically important to beat the Yankees. The manager is

A.  planning.

B.  organizing.

C.  leading.

D.  controlling.

 

ANS: C                                                              REF: p. 7

 

25.   The manager of the Boston Red Sox notices that the outfield star, Fenway Fred, has gone hitless in his last ten at bats. Which management function is the manager performing?

A.  Organizing

B.  Planning

C.  Controlling

D.  Leading

 

ANS: C                                                              REF: p. 7

 


 

26.   The dean of the School of Business at Wampum State University reads through student evaluations of the faculty members. The dean is

A.  leading.

B.  controlling.

C.  planning.

D.  evaluating.

 

ANS: B                                                              REF: p. 7

 

27.   You are the manager of the Fernwood Flailers, a professional baseball team. Feckless Fred, your slugger, has not hit a home run in his last 200 at bats. You call him in, discuss his home-run drought, and show him an inspirational videotape of Ken Griffey, Jr., hitting long home runs. You are

A.  both planning and organizing.

B.  both frustrated and hopeful.

C.  both leading and controlling.

D.  both planning and motivating.

 

ANS: C                                                              REF: p. 7

 

28.   Because the bulk of your employees at the Potentially Profitable Pizzeria are high school students working part-time for $8 an hour, you create a set of monthly cash awards for the students who deliver pizza both swiftly and safely. In terms of the major management functions, you are primarily

A.  organizing.

B.  planning.

C.  controlling.

D.  leading

.

ANS: D                                                              REF: p. 7

 

29.   An activity that seems to be important for the effective performance of all the major management functions is

A.  evaluating negative and positive employee performance.

B.  dividing the organization into sensible departments.

C.  gathering and processing appropriate information.

D.  staffing the company with competent employees.

 

ANS: C                                                              REF: p. 8

 


 

30.   When a manager gathers and uses information to make a choice about how an organization's resources will be used, the manager is engaging in

A.  decision making.

B.  planning.

C.  organizing.

D.  controlling.

 

ANS: A                                                              REF: p. 8

 

31.   When John Scully, former CEO of Apple Computer, said, "The issue is how do I get all the information I want without getting all the other junk that is out there," he was talking about

A.  effective control techniques.

B.  the difficulty of the planning function.

C.  appropriate information processing.

D.  the complexity of information gathered.

 

ANS: C                                                              REF: p. 8

 

32.   The management professor who actually followed managers for several days and took detailed notes about the purpose of all their activities was

A.  Henry Mintzberg.

B.  Cherrill Farnworth.

C.  Robert Katz.

D.  Eli Broad.

 

ANS: A                                                              REF: p. 8

 

33.   When a manager performs a set of similar, organized activities that serve a specific purpose for the organization, he or she is performing a management

A.  role.

B.  function.

C.  skill.

D.  obligation.

 

ANS: A                                                              REF: p. 8

 

34.   Which of the following refers to activities that involve interacting with others who may be external or internal to the organization at a higher or lower level than the manager?

A.  Leading

B.  Interpersonal roles

C.  Informational roles

D.  Interpersonal skills

 

ANS: B                                                              REF: p. 10

 


 

35.   What term describes activities—including reporting, preparing data analyses, briefings, delivering mail, emailing, websites, and making telephone calls—that focus on data important for the decisions the manager needs to make?

A.  Informational roles

B.  Decisional roles

C.  Interpersonal roles

D.  Technical skills

 

ANS: A                                                              REF: p. 10

 

36.   When a manager engages in activities that involve interacting with others who may be external or internal to the organization, and at the same or different level as the manager, he or she is performing

A.  a leadership function.

B.  an informational role.

C.  a management skill.

D.  an interpersonal role.

 

ANS: D                                                              REF: p. 10

 

37.   When a manager presents a trophy at an awards banquet for her company's employees, she is acting as a

A.  leader.

B.  liaison person.

C.  spokesperson.

D.  figurehead.

 

ANS: D                                                              REF: p. 10

 

38.   When Henry Mintzberg referred to the manager as the "nerve center" and the "focal point" in their organization, he was talking about the manager in

A.  an interpersonal role.

B.  a decisional role.

C.  a disseminating role.

D.  an informational role.

 

ANS: D                                                              REF: p. 10

 

39.   When a manager seeks information to detect problems or opportunities, obtain general knowledge about the work situation, and make necessary changes, he or she is performing what managerial role?

A.  Disseminator

B.  Leadership

C.  Figurehead

D.  Monitor

 

ANS: D                                                              REF: p. 10

40.   Mintzberg's description of the roles that managers actually perform is probably most valuable because it is

A.  the only accepted theory of management roles.

B.  the work of a truly brilliant man.

C.  based on observation and very specific activities.

D.  based on an information-processing model.

 

ANS: C                                                              REF: p. 10

 

41.   You manage a group of five production-line employees and you (a) conduct their annual performance appraisals with them individually, and (b) meet with them as a group to discuss the new performance-appraisal process you are initiating. Which of Mintzberg's ten management roles have you played?

A.  Negotiator, disturbance handler

B.  Monitor, spokesperson, liaison

C.  Figurehead, negotiator, resource allocator

D.  Leadership, disseminator, entrepreneur

 

ANS: D                                                              REF: p. 10

 

42.   What name is given to activities that deal primarily with the allocation of resources in order to reach organizational objectives?

A.  Informational roles

B.  Interpersonal roles

C.  Finance roles

D.  Decisional roles

 

ANS: D                                                              REF: p. 11

 

43.   When the manager designs and implements changes within a work group to improve productivity, they are performing what managerial role?

A.  Entrepreneur

B.  Spokesperson

C.  Disseminator

D.  Negotiator

 

ANS: A                                                              REF: p. 11

 

44.   When the manager calms the anxiety of her salespersons after the loss of an important customer, she is performing what managerial role?

A.  Entrepreneur

B.  Disturbance handler

C.  Spokesperson

D.  Figurehead

 

ANS: B                                                              REF: p. 11

 

45.   When the manager leases a delivery truck for his bakery, he is performing what managerial role?

A.  Negotiator

B.  Disseminator

C.  Entrepreneur

D.  Figurehead

 

ANS: A                                                              REF: p. 11

 

46.   You redivide your office area at the Wausau Washer Works so that five employees who were formerly fighting constantly over space now get along famously. They praise you for taking the initiative to reallocate the space. Which of Mintzberg's ten management roles have you played?

A.  Entrepreneur, monitor

B.  Spokesperson, negotiator

C.  Resource allocator, disturbance handler

D.  Leadership, liaison

 

ANS: C                                                              REF: p. 11

 

47.   You develop a new method of assembling cardboard boxes at the Carlton Cardboard Box Company that requires two new computerized box-gluers but saves the firm a thousand square feet of space. What general managerial role category do your actions fall into?

A.  Planning

B.  Informational

C.  Decisional

D.  Organizing

 

ANS: C                                                              REF: p. 11

 

48.   What is meant by interpersonal skills?

A.  The knowledge and ability to accomplish the specialized activities of the work group

B.  Influencing others’ activities to achieve set goals

C.  The intellectual abilities to process information and make accurate decisions about the work group and the job tasks

D.  Skills such as communication, listening, conflict resolution, and leading that are necessary to work with others

 

ANS: D                                                              REF: p. 12

 


 

49.   When a manager uses skills that are necessary to work with other people, such as communicating and listening, he or she is using

A.  specific skills.

B.  general skills.

C.  conceptual skills.

D.  interpersonal skills.

 

ANS: D                                                              REF: p. 12

 

50.   The grouping of management skills into the categories of conceptual, technical, and interpersonal is sometimes given the label of

A.  mental skills.

B.  specific skills.

C.  leadership skills.

D.  general skills.

 

ANS: D                                                              REF: p. 12

 

51.   In your job as manager of human resources for Homer's Humongous Heroes, Inc., you carry out all the performance appraisals of employees, as well as give out all the gold watches at the annual retirement dinner. What general managerial role category do your actions fall into?

A.  Informational

B.  Decisional

C.  Staffing

D.  Interpersonal

 

ANS: D                                                              REF: p. 12

 

52.   You own a munitions plant, and you decide that your middle managers are insensitive to employees' needs. You send them all out for two weeks of sensitivity training. You are sensitive to what skill deficiency that they have?

A.  Interpersonal

B.  Leadership

C.  Technical

D.  Conceptual

 

ANS: A                                                              REF: p. 12

 


 

53.   Which of the following characteristics relates to technical skills?

A.  Skills that involve influencing others’ activities to achieve set goals

B.  Skills such as communication, listening, conflict resolution, and leading that are necessary to work with others

C.  The knowledge and ability to accomplish the specialized activities of the work group

D.  The intellectual abilities to process information and make accurate decisions about the work group and the job tasks

 

ANS: C                                                              REF: p. 13

 

54.   Which of the following refers to the intellectual abilities to process information and make accurate decisions about the work group and the job tasks?

A.  Conceptual skills

B.  Interpersonal skills

C.  Technical skills

D.  Leading

 

ANS: A                                                              REF: p. 13

 

55.   When the manager of the accounting department has the knowledge to answer his employees' questions about current tax regulations, he is displaying

A.  technical skills.

B.  leadership.

C.  conceptual skills.

D.  general competence.

 

ANS: A                                                              REF: p. 13

 

56.   The manager makes a decision about a course of action after analyzing several options. He or she is using

A.  interpersonal skills.

B.  analytic skills.

C.  technical skills.

D.  conceptual skills.

 

ANS: D                                                              REF: p. 13

 

57.   When a manager reasons well, processes information intelligently, and evaluates which strategic option is potentially most profitable, he or she is displaying

A.  interpersonal skills.

B.  conceptual skills.

C.  technical skills.

D.  specific skills.

 

ANS: B                                                              REF: p. 13

 

58.   You are the CEO of your company and you take a sabbatical for a week and spend your time exclusively on developing a five-year strategic plan. The management skills you use to do this are

A.  interpersonal.

B.  conceptual.

C.  informational.

D.  technical.

 

ANS: B                                                              REF: p. 13

 

59.   When your company, Powerful Personal Computers, lays out five million dollars to hire away a woman from a soft-drink firm as your new CEO, it is a good bet that you are paying these big bucks for her

A.  technical skills.

B.  conceptual skills.

C.  downsizing ability.

D.  interpersonal skills.

 

ANS: B                                                              REF: p. 13

 

60.   What term describes managers who spend most of their time planning and leading because they make decisions about the overall performance and direction of the organization?

A.  Production and operations managers

B.  Front-line managers

C.  Information technology (IT) managers

D.  High-level managers

 

ANS: D                                                              REF: p. 14

 

61.   What name is given to managers who receive broad statements of strategy and policy from high-level managers and develop specific objectives and plans?

A.  Production and operations managers

B.  Middle managers

C.  Information technology (IT) managers

D.  Finance managers

 

ANS: B                                                              REF: p. 14

 

62.   When you verbally tell your work team that the job needs to be completed by noon, and they all agree this means 12:00 p.m., you have used which of the following specific management skills?

A.  Initiative

B.  Persuasiveness

C.  Negotiation

D.  Oral communication

 

ANS: D                                                              REF: p. 14

63.   Your managerial planning group meets for a happy and harmonious hour, under your direction, and you decide on a price penetration strategy for your new blender. What specific management skill have you used?

A.  Leadership

B.  Negotiation

C.  Cooperativeness

D.  Persuasiveness

 

ANS: C                                                              REF: p. 14

 

64.   Your boss assigns you three projects simultaneously, but you finish them all on time, despite a headache. What specific management skill have you displayed?

A.  Assertiveness

B.  Tolerance of stress

C.  Job knowledge

D.  Initiative

 

ANS: B                                                              REF: p. 14

 

65.   Your boss again asks you to complete three projects simultaneously, but you tell him the last time he did this you got a headache. You ask him to assign you one at a time, and he agrees. What specific management skill have you displayed?

A.  Tolerance of stress

B.  Cooperativeness

C.  Assertiveness

D.  Initiative

 

ANS: C                                                              REF: p. 14

 

66.   You determine that a robot welder is malfunctioning on your assembly line because final inspection has revealed a loose connection in every weld made by the robot. What specific management skill have you displayed?

A.  Job knowledge

B.  Information processing

C.  Problem analysis

D.  Initiative

 

ANS: C                                                              REF: p. 14

 

67.   In firms that are large enough to have specialization, high-level managers spend most of their time performing which functions?

A.  Planning and leading

B.  Organizing and controlling

C.  Communicating and counseling

D.  Motivating and controlling

 

ANS: A                                                              REF: p. 14

 

68.   You are Zapp Zapplar, a highly paid motivational speaker. Companies pay you to come in and inspire their employees to work together as a team. They are paying for your

A.  problem analysis and job knowledge skills.

B.  assertiveness and initiative skills.

C.  oral communication and persuasiveness skills.

D.  exotic name and great reputation.

 

ANS: C                                                              REF: p. 14

 

69.   You are an entrepreneur who has started a small publishing company. Your only employee is a part-time secretary. The levels of management that you must perform or spend time on are

A.  front-line and middle, but not high-level.

B.  high-level, middle, and front-line.

C.  high-level, but not middle.

D.  middle and high-level, but not front-line.

 

ANS: B                                                              REF: p. 14

 

70.   What are front-line managers?

A.  Managers concerned with developing and carrying out systems that are used to make decisions about employees such as selection, training, and compensation

B.  Managers who develop marketing strategies and make decisions about how to implement those strategies

C.  Managers concerned with the direct production of items or the delivery of services

D.  Managers who implement, maintain, and control technology applications

 

ANS: C                                                              REF: p. 15

 

71.   Which of the following characteristics relates to human resources managers?

A.  Managers who focus on obtaining the money needed for the successful operation of the organization and using that money in accordance with organizational goals

B.  Managers who develop marketing strategies and make decisions about how to implement those strategies

C.  Managers concerned with the direct production of items or the delivery of services

D.  Managers concerned with developing and carrying out systems that are used to make decisions about employees such as selection, training, and compensation

 

ANS: D                                                              REF: p. 16

 


 

72.   Which of the following refers to managers who develop promotional strategies and make decisions about how to implement those strategies?

A.  Middle managers

B.  Production and operations managers

C.  Marketing managers

D.  Finance managers

 

ANS: C                                                              REF: p. 16

 

73.   What term describes managers who focus on obtaining the money needed for the successful operation of the organization and using that money in accordance with organizational goals?

A.  Marketing managers

B.  Finance managers

C.  Middle managers

D.  Information technology (IT) managers

 

ANS: B                                                              REF: p. 16

 

74.   Job titles such as sales manager, loan officer, and store manager are usually given to

A.  former employees.

B.  middle-level managers.

C.  front-line managers.

D.  high-level managers.

 

ANS: C                                                              REF: p. 16

 

75.   Front-line managers are usually most concerned with

A.  strategic management of the firm.

B.  production of a good or the delivery of services.

C.  implementing strategy and policy.

D.  preparing reports for the board of directors.

 

ANS: B                                                              REF: p. 16

 

76.   The group of managers that is concerned with the value of the assets of the organization and the wisdom of investment strategies is

A.  production and operations managers.

B.  marketing managers.

C.  senior managers.

D.  finance managers.

 

ANS: D                                                              REF: p. 16

 


 

77.   What name is given to managers who schedule and monitor the work process that turns out the goods or services of the organization?

A.  Front-line managers

B.  Finance managers

C.  Information technology (IT) managers

D.  Production and operations managers

 

ANS: D                                                              REF: p. 17

 

78.   What are the responsibilities of information technology (IT) managers?

A.  Managers concerned with the direct production of items or the delivery of services

B.  Managers who schedule and monitor the work process that turns out the goods or services of the organization

C.  Managers who spend most of their time planning and leading because they make decisions about the overall performance and direction of the organization

D.  Managers who implement, maintain, and control technology applications

 

ANS: D                                                              REF: p. 17

 

79.   All of the following are characteristic of management in a large corporation EXCEPT

A.  managers play almost every role in the organization.

B.  there are formalized policies, procedures, and rules.

C.  the activities of the managers tend to be specialized

D.  managers must coordinate the activities of a large number of employees.

 

ANS: A                                                              REF: p. 17

 

80.   All of the following are main components of an organization's culture EXCEPT

A.  organization size.

B.  behavior.

C.  norms.

D.  values.

 

ANS: A                                                              REF: p. 17

 

81.   Which of the following characteristics relates to organizational culture?

A.  Groups of individuals who work together to achieve the goals or objectives that are important to these individuals

B.  The values, norms, and artifacts, and behaviors shared by members of an organization

C.  People, equipment, finances, and data used by an organization to reach its objectives

D.  Those activities that an organization undertakes to ensure that its actions lead to achievement of its objectives

 

ANS: B                                                              REF: p. 18

 


 

82.   The beliefs, traditions, philosophies, rules, and heroes shared by the members of the organization are referred to as the organization's

A.  policies.

B.  culture.

C.  rituals.

D.  artifacts.

 

ANS: B                                                              REF: p. 18

 

83.   The all-expenses-paid trip to Belgium that Colorado-based sustainable brewery New Belgium offers to 5-year employees is an excellent example of an organization's

A.  formal policies.

B.  marketing structure.

C.  excesses.

D.  rites and rituals.

 

ANS: D                                                              REF: p. 18

 

84.   An important determinant of the knowledge and skills that an organization's managers must possess is

A.  the level of technology the company possesses.

B.  the industry the company operates in.

C.  the cultural tradition of the company.

D.  whether or not the company is a nonprofit organization.

 

ANS: B                                                              REF: p. 18

 

85.   Which of the following refers to organizations owned either privately by one or more individuals or publicly by stockholders?

A.  Nonprofit organizations

B.  Informational companies

C.  For-profit companies

D.  Finance organizations

 

ANS: C                                                              REF: p. 19

 

86.   What term describes institutions such as governments, social cause organizations, and religious groups that cannot retain earnings over expenses, do not have equity interests, and cannot be bought or sold?

A.  For-profit companies

B.  Nonprofit organizations

C.  Stakeholder organizations

D.  Informational companies

 

ANS: B                                                              REF: p. 19

 

87.   An organization owned privately by individuals, or publicly by stockholders, that pays taxes on net earnings, and may be bought or sold is called a

A.  capitalistic venture.

B.  human enterprise.

C.  for-profit company.

D.  nonprofit organization.

 

ANS: C                                                              REF: p. 19

 

88.   A pressure faced by many nonprofit organizations that is typically not faced by a for-profit organization is that

A.  it is under constant pressure to make a decent return on investment.

B.  it must generate all or nearly all of its funds from its sales.

C.  many groups of individuals have a major influence in setting its goals.

D.  it must pay significantly higher salaries to recruit its managers.

 

ANS: C                                                              REF: p. 19

 

89.   You create an organization owned by your community, Fernwood, to offer organized baseball activities for Fernwood's citizens. The odds are good that you have created a

A.  joint venture.

B.  nonprofit organization.

C.  for-profit company.

D.  socially responsible business.

 

ANS: B                                                              REF: p. 19

 

90.   Three important trends that are impacting businesses today are adoption of technology, remote work, and

A.  nonprofit organizations.

B.  global organizations.

C.  ethics, social responsibility, and ESG.

D.  organization size.

 

ANS: C                                                              REF: p. 20

 

91.   What trend was accelerated by the onset of the COVID-19 pandemic?

A.  Remote work

B.  ESG

C.  Outsourcing

D.  Global organizations

 

ANS: A                                                              REF: p. 20

 


 

92.   ______ refers to an organization’s obligation to maximize its positive impact and minimize its negative impact on society.

A.  Recycling

B.  Ethics

C.  Conservation

D.  Social responsibility

 

ANS: D                                                              REF: p. 21

 

93.   While social responsibility is an ideal that impacts a company’s culture, priorities, and actions, ESG is

A.  the set of activities designed to achieve an organization’s objectives by using its resources effectively and efficiently in a changing environment.

B.  the values, norms, artifacts, and behaviors shared by members of an organization.

C.  the key performance indicator.

D.  the measurable outcome.

 

ANS: D                                                              REF: p. 22

 

94.   Formal classes in management seem to be of great help in the development of a management student's

A.  sense of humor.

B.  practical business experience.

C.  conceptual and analytic skills.

D.  desire to learn even more.

 

ANS: C                                                              REF: p. 22

 

 

TRUE/FALSE

 

95.   A basic idea of Chapter 1 in the text is that to understand management better, it is necessary to study and compare it across organizations.

A.  True

B.  False

 

ANS: A                                                              REF: p. 3

 

96.   The first characteristic of all management activities is that none of them occur within the context of an organization.

A.  True

B.  False

 

ANS: B                                                              REF: p. 3

 


 

97.   The three groups most affected by management activities are the manager, the manager's immediate subordinates, and the manager's organization.

A.  True

B.  False

 

ANS: A                                                              REF: p. 3

 

98.   Management activities are usually classified into the functions of planning, staffing, organizing, leading, and controlling.

A.  True

B.  False

 

ANS: B                                                              REF: p. 3

 

99.   The legendary preoccupation of baseball with statistics such as batting averages and pitchers' earned-run averages is really an example of the managerial function.

A.  True

B.  False

 

ANS: A                                                              REF: p. 3

 

100.   The decision-making process may sound easy to carry out in theory, but in reality it is extremely difficult, due to the complexity of information, uncertainty of the decision process, and difficulties of implementation.

A.  True

B.  False

 

ANS: A                                                              REF: p. 8

 

101.   Henry Mintzberg actually followed managers around to develop a classification of ten specific roles that managers perform (grouped into three larger categories).

A.  True

B.  False

 

ANS: A                                                              REF: p. 10

 

102.   In Mintzberg's classification of managerial roles, the larger category of interpersonal roles includes the specific roles of figurehead, liaison, and leadership.

A.  True

B.  False

 

ANS: A                                                              REF: p. 10

 


 

103.   Mintzberg's larger category of informational roles includes the specific roles of monitor, disseminator, and negotiator.

A.  True

B.  False

 

ANS: B                                                              REF: p. 10

 

104.   In Mintzberg's categorization of managerial roles, he stresses that decisional roles are the most crucial.

A.  True

B.  False

 

ANS: A                                                              REF: p. 11

 

105.   In general, conceptual skills require a high level of intellectual ability in information processing and decision making.

A.  True

B.  False

 

ANS: A                                                              REF: p. 13

 

106.   Job knowledge, persuasiveness, tolerance of stress, negotiation, and initiative are some of the specific managerial skills that research has shown to be important to success.

A.  True

B.  False

 

ANS: A                                                              REF: p. 14

 

107.   Since high-level managers have to make decisions about the overall direction and performance of the organization, they spend most of their time planning and organizing.

A.  True

B.  False

 

ANS: B                                                              REF: p. 14

 

108.   Human resources, marketing, finance, and production and operations are all examples of the different levels of management.

A.  True

B.  False

 

ANS: B                                                              REF: p. 16

 


 

109.   An organization's culture can be an important way of distinguishing it from other organizations.

A.  True

B.  False

 

ANS: A                                                              REF: p. 18

 

110.   A state university that defines faculty success as excellence in teaching is expressing a basic organizational value or belief.

A.  True

B.  False

 

ANS: A                                                              REF: p. 18

 

 

ESSAY

 

111.   Identify and describe the four functions of management, and explain why each function is important to an organization's success.

 

ANS:                                                                  REF: p. 6

 

112.   Explain how your management roles and skills would change as you rise from hamburger flipper to CEO of a major fast-food chain.

 

ANS:                                                                  REF: p. 8

 

113.   Many managerial researchers and practitioners argue that management decision making is terribly complex and difficult. What are some reasons they think so?

 

ANS:                                                                  REF: p. 8

 

114.   Discuss the three general roles of management, their importance to the firm, and why Professor Henry Mintzberg believes that decisional management roles are most crucial.

                                                                                                                                        

ANS:                                                                  REF: p. 10

 

115.   "The specific skills of management can be learned both in the classroom and on the job." Do you agree or disagree? Why?

 

ANS:                                                                  REF: p. 22

 

Test get full test bank Contact us : testbankp@gmail.com or send us message




Comments