Question 1

Identify the four leading causes of wasted time in the workplace as outlined in the text.

Accepted Answer

The four leading causes of was...

Question 2

Which of the following is NOT considered an organizational strength?

Accepted Answer

A)   strong market position
B)   dedicated work force
C)   changing consumer tastes
D)   technical expertise

Question 3

Lynne Smith,chief financial officer for Web Industries,is working on a broad set of organizational plans for implementing the decisions made for achieving organizational goals.Lynne is developing a ________ for Web Industries.

Accepted Answer

A)   mission
B)   function
C)   blueprint
D)   strategy

Question 4

The management function of ________ involves setting goals,developing a strategy to reach each goal,and designing plans to implement each strategy.

Accepted Answer

A)   organizing
B)   developing
C)   planning
D)   controlling

Question 5

Differentiate between strategic,tactical,and operational plans.

Accepted Answer

Strategic plans reflect decisions about ...

Question 6

Crisis management involves planning for change.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following managers are responsible for implementing the strategies,policies,and decisions made by top managers?

Accepted Answer

A)   first-line managers
B)   middle managers
C)   supervisory managers
D)   office managers

Question 8

Which of the following statements about conceptual skills is most correct?

Accepted Answer

A)   Conceptual skills are most important to first-line managers.
B)   Conceptual skills are most important to middle managers.
C)   Conceptual skills are most important to top managers.
D)   Conceptual skills are equally important at all levels of management.

Question 9

Scanning the environment for threats and opportunities is referred to as ________.

Accepted Answer

A)   developing implementation tactics
B)   devising strategy
C)   environmental analysis
D)   organizational analysis

Question 10

Which of the following managers depend most on conceptual skills?

Accepted Answer

A)   first-line managers
B)   top managers
C)   middle managers
D)   marketing managers

Question 11

Which of the following plan and oversee the firm's accounting functions?

Accepted Answer

A)   financial managers
B)   information managers
C)   production managers
D)   human resource managers

Question 12

Which of the following would be classified as opportunities for an organization?

Accepted Answer

A)   government regulations
B)   new products on the market
C)   new competitors
D)   possible expansion of the firm

Question 13

Systems by which a firm produces goods and services are called ________.

Accepted Answer

A)   human resources
B)   operations
C)   information
D)   departments

Question 14

Which of the following best describes business strategy?

Accepted Answer

A)   A strategy for determining the firm's overall attitude towards growth and the way it will manage its businesses or product lines.
B)   A strategy at the business-unit or product-line level that focuses on improving a firm's competitive position.
C)   A strategy by which managers in specific areas decide how best to achieve corporate goals through productivity.
D)   A strategy that assists first-line managers in making day to day decisions about motivating employees.

Question 15

A strategy is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Accepted Answer

A) True 
 B)False

Question 16

On its website,Microsoft states,"At Microsoft,our mission and values are to help people and businesses throughout the world realize their full potential." This is an example of a ________.

Accepted Answer

A)   mission statement
B)   corporate culture
C)   value judgment
D)   stereotype

Question 17

The means by which organizations and their managers measure success or failure at every level are referred to as ________.

Accepted Answer

A)   tactics
B)   goals
C)   strategies
D)   skills

Question 18

________ focuses on external factors,whereas ________ focuses on internal factors.

Accepted Answer

A)   Organizational analysis; environmental analysis
B)   Governmental analysis; environmental analysis
C)   Environmental analysis; organizational analysis
D)   Functional analysis; organizational analysis

Question 19

A ________ is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Accepted Answer

A)   mission
B)   function
C)   formula
D)   strategy

Question 20

SWOT analysis allows managers and employees to assess ________.

Accepted Answer

A)   organizational opportunities
B)   environmental threats
C)   environmental weaknesses
D)   environmental strengths

Exam 5: Business Management

Which of the following is NOT considered an organizational strength?

Correct AnswerverifiedShow Answer

Which of the following statements about conceptual skills is most correct?

Correct AnswerverifiedShow Answer

On its website,Microsoft states,"At Microsoft,our mission and values are to help people and businesses throughout the world realize their full potential." This is an example of a ________.

Correct AnswerverifiedShow Answer

The management function of ________ involves setting goals,developing a strategy to reach each goal,and designing plans to implement each strategy.

Correct AnswerverifiedShow Answer

Which of the following managers depend most on conceptual skills?

Correct AnswerverifiedShow Answer

________ focuses on external factors,whereas ________ focuses on internal factors.

Correct AnswerverifiedShow Answer

Scanning the environment for threats and opportunities is referred to as ________.

Correct AnswerverifiedShow Answer

Which of the following would be classified as opportunities for an organization?

Correct AnswerverifiedShow Answer

A strategy is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Correct AnswerverifiedShow Answer

Lynne Smith,chief financial officer for Web Industries,is working on a broad set of organizational plans for implementing the decisions made for achieving organizational goals.Lynne is developing a ________ for Web Industries.

Correct AnswerverifiedShow Answer

A ________ is a broad set of organizational plans for implementing the decisions made for achieving organizational goals.

Correct AnswerverifiedShow Answer

The means by which organizations and their managers measure success or failure at every level are referred to as ________.

Correct AnswerverifiedShow Answer

SWOT analysis allows managers and employees to assess ________.

Correct AnswerverifiedShow Answer

Which of the following managers are responsible for implementing the strategies,policies,and decisions made by top managers?

Correct AnswerverifiedShow Answer

Differentiate between strategic,tactical,and operational plans.

Correct AnswerverifiedStrategic plans reflect decisions about ...View AnswerShow Answer

Which of the following plan and oversee the firm's accounting functions?

Correct AnswerverifiedShow Answer

Identify the four leading causes of wasted time in the workplace as outlined in the text.

Correct AnswerverifiedThe four leading causes of was...View AnswerShow Answer

Crisis management involves planning for change.

Correct AnswerverifiedShow Answer

Systems by which a firm produces goods and services are called ________.

Correct AnswerverifiedShow Answer

Which of the following best describes business strategy?

Correct AnswerverifiedShow Answer

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focuses on external factors,whereas focuses on internal factors.

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Strategic plans reflect decisions about ...
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The four leading causes of was...
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