01 - Chapter 1MANAGEMENT AND MANAGERS TRUE/FALSE 1. Using...

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Chapter 1—MANAGEMENT AND MANAGERS TRUE/FALSE 1. Using the fewest inputs to generate a given output is called effectiveness. ANS: F DIF: E OBJ: 1 2. Effectiveness is achieved when the organization achieves appropriate goals. ANS: T DIF: E OBJ: 1 3. An organization is a group of individuals who work together toward common goals. ANS: T DIF: E OBJ: 1 4. Efficiency is defined as pursuing the appropriate goals or doing the right things. ANS: F DIF: E OBJ: 1 5. The four major functions of management are planning, leading, organizing, and controlling. ANS: T DIF: E OBJ: 2 6. Small companies, such as family owned businesses do not need to use all four functions of management. ANS: F DIF: E OBJ: 2 7. Managers throughout the organization must develop goals, strategy, and do operational planning. ANS: T DIF: E OBJ: 2 8. Planning involves monitoring the performance of the organization, identifying deviations between planned and actual results, and taking corrective action when necessary. ANS: F DIF: E OBJ: 2 9. Planning includes setting goals and defining the actions necessary to achieve those goals considering the situation. ANS: T DIF: E OBJ: 2 10. Before planning can take place, the situation must be analyzed and understood. ANS: T DIF: E OBJ: 2 11. Organizing involves setting goals and defining the actions necessary to achieve those goals. ANS: F DIF: E OBJ: 2 1
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12. Organizing involves determining the tasks to be done, who will do them, and how those tasks will be managed and coordinated. ANS: T DIF: E OBJ: 2 13. Organizing includes structuring the organization to achieve its mission and organizational goals while being responsive to the external environment. ANS: T DIF: E OBJ: 2 14. Effective leaders have vision, are able to share that vision with employees, and empower and influence their employees to make the vision a reality. ANS: T DIF: E OBJ: 2 15. Leading includes motivating and directing the members of the organization so that they contribute to the achievement of the goals of the organization. ANS: T DIF: E OBJ: 2 16. Leading effectively produces financial results for a company. ANS: T DIF: E OBJ: 2 17. Issues of organizational culture and human resource management are key parts of the management function of planning. ANS: F DIF: E OBJ: 2 18. Controlling is the process of administering and coordinating resources effectively and efficiently in an effort to achieve the organization's goals. ANS: F DIF: E OBJ: 2 19. Control is an important function in the managerial process because it provides a method for ensuring that the organization is moving toward the achievement of its goals. ANS: T DIF: E OBJ: 2 20. Control includes monitoring performance, identifying deviations between planned and actual results, and taking corrective actions if necessary. ANS: T
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This note was uploaded on 01/31/2011 for the course MGMT 302 taught by Professor N/a during the Spring '10 term at Mountain State.

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01 - Chapter 1MANAGEMENT AND MANAGERS TRUE/FALSE 1. Using...

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