Question 1

The question of how to organize a firm so that it is more responsive to its stakeholders has been a dominant issue for many firms over the past twenty years.

Accepted Answer

A) True 
 B)False

Question 2

Managers are most effective when they consistently use the same leadership style with every employee assigned to their work group.

Accepted Answer

A) True 
 B)False

Question 3

Strategic planning determines the major goals of the organization.

Accepted Answer

A) True 
 B)False

Question 4

Free-rein managers tend to carefully monitor their subordinates to make sure they are doing the job in the correct way.

Accepted Answer

A) True 
 B)False

Question 5

Planning is a continuous process.

Accepted Answer

A) True 
 B)False  True

Question 6

Today's business environment changes so rapidly that strategic planning is becoming more difficult and subject to change.

Accepted Answer

A) True 
 B)False

Question 7

What is the purpose of SWOT analysis? What types of information does this analysis provide?

Accepted Answer

SWOT analysis is an analysis of an organ...

Question 8

One difference between managers and leaders is that:

Accepted Answer

A)  managers are found in businesses while leaders operate in non-profit organizations.
B)  mangers work to achieve stability while leaders embrace change.
C)  managers use an autocratic approach while leaders embrace a democratic style.
D)  all employees can manage,but only top managers can lead.E) All of the above
F) A) and B)

Question 9

The first step in the rational decision-making model is to identify alternative solutions.

Accepted Answer

A) True 
 B)False  False

Question 10

The first step to developing a knowledge management system is to develop the technology to keep information secure.

Accepted Answer

A) True 
 B)False

Question 11

In the control process,performance standards should be stated in general terms in order to give management as much flexibility as possible.

Accepted Answer

A) True 
 B)False

Question 12

The management function that involves guiding,training,and motivating others to work toward the achievement of an organization's goals is called leading.

Accepted Answer

A) True 
 B)False

Question 13

First-line managers typically spend little time on conceptual tasks.

Accepted Answer

A) True 
 B)False

Question 14

Axel has just been promoted to a position in first-line management.Axel's new position probably will require him to spend a lot of time:

Accepted Answer

A)  developing strategic plans.
B)  evaluating the daily performance of workers.
C)  creating a vision.
D)  traveling to different worksites.E) C) and D)
F) A) and D) B

Question 15

Which of the following statements comparing today's workers with those from earlier eras is most accurate? Compared to earlier workers,today's employees are:

Accepted Answer

A)  more loyal to the firm.
B)  less educated and less self-directed.
C)  more willing to leave the firm to seek better opportunities.
D)  more likely to need direct guidance and direction from their managers.E) B) and C)
F) A) and D)

Question 16

_________ analysis is used to help companies evaluate their economic environments,assess their strengths and weaknesses,and identify competitive threats and market opportunities.

Accepted Answer

A)  WISH
B)  SWAMP
C)  ASSET
D)  SWOTE) All of the above
F) A) and B)

Question 17

When establishing criteria to measure the success of a business,managers should:

Accepted Answer

A)  limit their attention to financial measures such as profit and return on investment since these are the only objective and quantifiable measures available.
B)  focus most of their attention on measures of employee satisfaction,since without good employees the firm will not be competitive.
C)  focus primarily on financial measures,but pay some attention to nonfinancial concerns.
D)  recognize that,while financial measures are important and should be considered,the purpose of the firm is to satisfy both internal and external customers.E) All of the above
F) C) and D)

Question 18

There is no single leadership style that works best in all situations.

Accepted Answer

A) True 
 B)False

Question 19

Today,managers have to make allocation decisions around the use of which scarce resources?

Accepted Answer

A)  financial
B)  human
C)  natural
D)  all resourcesE) C) and D)
F) A) and B)

Question 20

Smaller organizations are more responsive than larger organizations.

Accepted Answer

A) True 
 B)False

Exam 8: Management and Leadership

The question of how to organize a firm so that it is more responsive to its stakeholders has been a dominant issue for many firms over the past twenty years.

Correct AnswerverifiedShow Answer

Managers are most effective when they consistently use the same leadership style with every employee assigned to their work group.

Correct AnswerverifiedShow Answer

Strategic planning determines the major goals of the organization.

Correct AnswerverifiedShow Answer

Free-rein managers tend to carefully monitor their subordinates to make sure they are doing the job in the correct way.

Correct AnswerverifiedShow Answer

Planning is a continuous process.

Correct AnswerverifiedTrue

Today's business environment changes so rapidly that strategic planning is becoming more difficult and subject to change.

Correct AnswerverifiedShow Answer

What is the purpose of SWOT analysis? What types of information does this analysis provide?

Correct AnswerverifiedSWOT analysis is an analysis of an organ...View AnswerShow Answer

One difference between managers and leaders is that:

Correct AnswerverifiedShow Answer

The first step in the rational decision-making model is to identify alternative solutions.

Correct AnswerverifiedFalse

The first step to developing a knowledge management system is to develop the technology to keep information secure.

Correct AnswerverifiedShow Answer

In the control process,performance standards should be stated in general terms in order to give management as much flexibility as possible.

Correct AnswerverifiedShow Answer

The management function that involves guiding,training,and motivating others to work toward the achievement of an organization's goals is called leading.

Correct AnswerverifiedShow Answer

First-line managers typically spend little time on conceptual tasks.

Correct AnswerverifiedShow Answer

Axel has just been promoted to a position in first-line management.Axel's new position probably will require him to spend a lot of time:

Correct AnswerverifiedB

Which of the following statements comparing today's workers with those from earlier eras is most accurate? Compared to earlier workers,today's employees are:

Correct AnswerverifiedShow Answer

_________ analysis is used to help companies evaluate their economic environments,assess their strengths and weaknesses,and identify competitive threats and market opportunities.

Correct AnswerverifiedShow Answer

When establishing criteria to measure the success of a business,managers should:

Correct AnswerverifiedShow Answer

There is no single leadership style that works best in all situations.

Correct AnswerverifiedShow Answer

Today,managers have to make allocation decisions around the use of which scarce resources?

Correct AnswerverifiedShow Answer

Smaller organizations are more responsive than larger organizations.

Correct AnswerverifiedShow Answer

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True

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SWOT analysis is an analysis of an organ...
View Answer

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False

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B

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