Question 1 Management is the process of assembling and using sets of resources in a goal-directed manner to accomplish tasks in an organizational setting

Question 1

1. Management is the process of assembling and using sets of resources in a goal-directed manner to accomplish tasks in an organizational setting.

 True

 False

Question 2

1. The term manager refers to anyone who ________.

Question 3

1. According to Mintzberg's theory of managerial functions, ________ roles include acting as an entrepreneur, a disturbance handler, a resource allocator, and a negotiator.

Question 4

1. ________ skills, also known as cognitive complexity, are often the major factor that determines who reaches the highest levels of the organization.

Question 5

1. As the general manager of a steel plant, Frederick Ivanovic has to divide his time between supervising the overall functioning of the plant, resolving conflicts between workers, preparing production reports, and meeting with his seniors to provide them with regular updates. This reflects the constraint dimension of management.

 True

 False

Question 6

1. As the Mayo Clinic became famous, it realized that it must nurture the _____ that it created.

Question 7

1. Managerial ethics is concerned with morality and _______ of business conduct among individuals

Question 8

1. Mayo Clinic had to invest in ________ and strategic thought about marketing

Question 9

1. A ___________ is an individual or group having an interest in and are affected by the actions of an organization

Question 10

1. A Company's success in foreign markets is largely determined by the ways in which it respond to social, economic, political, and other _________ to international trade.

Question 11

1. Managers must be:

Question 12

1. iManage floundered from 1999 to 2000 when the dot.com bubble burst, jeopardizing its plans to lead the world to a systematic way of storing and __________information assets.

Question 13

1. The availability and quality of _______ is a major determinant in whether or not to enter a new international market

Question 14

1. ________ management is a type of planning process in which managers, among other things, monitor results and make necessary adjustments.

Question 15

1. Corporate responsibility deals with the _____ that corporations owe to their constituents

Question 16

1. Another purpose of Amy's Ice Cream video is to help students:

2 points   

Question 17

1. ________ level managers are generally only involved in the development of their unit's specific operational plan.

Question 18

1. In Amy's Ice Cream video, one of the most important decisions Amy Miller faced was choosing:

Question 19

1. One major function of a manager is to acquire and ________ resources.

Question 20

1. The increasing dynamic and complex business environment provides a _______challenge for managers

Question 21

1. The purpose of the Snapple video is to help students understand how _________ is an effective strategy implementation tool.

Question 22

1. Global business has been growing rapidly in recent decades because of:

Question 23

1. Organizations must constantly analyze their external environments and their competition for ________ that may reduce or eliminate a competitive advantage.

Question 24

1. The purpose of the Impact of Culture on Business video is to help students

Question 25

1. Plans will often fail in the _________ stage because of inadequate resource assessment and lack of accountability

Question 26

1. Corporate managers formulate the strategic plan but are usually not directly involved in developing _____ or _______ plans

Question 27

1. Porter’s five force framework focuses on five _______ that can significantly influence a company’s performance within an industry

Question 28

1. iManage Worksite embodies what Mr. Panjwani calls:

Question 29

1. U.S. manufactures contend that the yuan is undervalued, making Chinese goods _______ for U.S. consumers and American products _______ in China

Question 30

1. Despite the growth of global trade and investment, globalization is not without ___________

Question 31

1. According to the ________ approach to ethical decision making, some things are just right or wrong, independent of their consequences.

Question 32

1. From the perspective of social responsibility, shareholders are stakeholders.

 True

 False

Question 33

1. A major concern with the efficiency perspective is that corporations can impose indirect consequences that may not be completely understood or anticipated. In economic terms, such an unintended consequence is called a(n) ________.

Question 34

1. The ________ perspective of social responsibility states that a manager's responsibility is to maximize profits for the owners of the business.

Question 35

1. Employees are unlikely to conform to a corporate code of ethics unless other actions taken by the organization reinforce the code.

 True

 False

Question 36

1. One of the first challenges for managers as they set objectives is to determine priorities.

 True

 False

Question 37

1. A(n) ________ budget outlines how much money an organization needs, and it is submitted to a superior or a budget review committee.

Question 38

1. The setting of organizational objectives must be preceded by the development of organizational plans.

 True

 False

Question 39

1. Which of the following types of plans is the least complex and rarely has a direct effect on other plans outside of the department or unit for which they were developed?

Question 40

1. A manager tells his sales staff that he wants sales to increase by 18 percent during this year. Even though they are skeptical about whether this goal can be reached, most of them agree to it. However, they were unable to meet the target at the end of the year. Which of the following would best explain the failure to meet this goal?

Question 41

1. An organization using a region-country focus is highly decentralized.

 True

 False

Question 42

1. According to Hofstede, ________ is the extent to which people accept power and authority differences among people.

Question 43

1. A ________ is often called a "Greenfield venture."

Question 44

1. A transnational organization tries to be simultaneously centralized and decentralized.

 True

 False

Question 45

1. In virtual teams, members frequently depend on electronically
   mediated communications.

 True

 False

Question 46

1. To succeed when pursuing a ________, there must be significant differences among the firm's target customers or among geographical segments of its customers.

Question 47

1. A firm's value chain consists of ________.

Question 48

1. ________ translate(s) the strategic intent and mission of the firm into concrete and measurable goals.

Question 49

1. A firm can limit its strategic scope by focusing on a specific customer segment.

 True

 False

Question 50

1. A ________ involves competing with firms across markets by using strengths in one market to overcome weaknesses in another market.