Exam #2.pdf - Question 1 2 out of 2 points Which of the following is a formal expression of an organization's culture Selected Answer Codes of ethics

Exam #2.pdf - Question 1 2 out of 2 points Which of the...

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Question 1 2 out of 2 points Which of the following is a formal expression of an organization's culture? Selected Answer: Codes of ethics Correct Answer: Codes of ethics Question 2 2 out of 2 points Which of the following best illustrates a small business operating in a retail industry as opposed to wholesaling its products? Selected Answer: Neon Love Inc. imports candles and directly sells them to customers through kiosks. Correct Answer: Neon Love Inc. imports candles and directly sells them to customers through kiosks. Question 3 1 out of 1 points If a manager is concerned about doing the work in such a manner that it yields the desired result, then his or her primary managerial concern is: Selected Answer: effectiveness. Correct Answer: effectiveness. Response Feedback: Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment.
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Effectively means having the intended result; efficiently means accomplishing the objectives with a minimum of resources. Question 4 1 out of 1 points Which of the following is true of the management function of directing? Selected Answer: Directing involves determining and administering appropriate rewards and recognition Correct Answer: Directing involves determining and administering appropriate rewards and recognition Question 5 1 out of 1 points Which of the following is a corporation that provides a service, but is neither owned by the government nor focuses on earning profits? Selected Answer: A nonprofit corporation Correct Answer: A nonprofit corporation Question 6 1 out of 1 points Retailing attracts entrepreneurs because gaining experience and exposure in retailing is relatively easy Selected Answer: True Correct Answer: True Response Feedback: Retailing attracts entrepreneurs because gaining experience and exposure in retailing is relatively easy. Additionally, an entrepreneur opening a new retail store does not have to spend the large sums of money for the equipment and distribution systems that a manufacturing business requires. Question 7 2 out of 2 points
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Which of the following is an advantage of product departmentalization? Selected Answer: It simplifies decision making and helps coordinate all activities related to a product. Correct Answer: It simplifies decision making and helps coordinate all activities related to a product. Question 8 2 out of 2 points When a manager informs employees about the changes taking place in the external and internal environment that will affect them and their organization, he or she is acting as a _____. Selected Answer: disseminator Correct Answer: disseminator Response Feedback: As a disseminator, a manager informs employees about the changes taking place in the external and internal environment that will affect them and their organization Question 9 2 out of 2 points Which of the following statements is true of the goals of a company?
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  • Spring '14
  • BernardE.Imhoff
  • Management, Small business Administration, Correct Answer, Neon Love Inc.

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