Chapter 1 - TB - True / False Questions 1. A desired future...

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Unformatted text preview: True / False Questions 1. A desired future outcome that a firm hopes to achieve is called a goal. True False 2. The planning, organizing, leading, and controlling of resources in order to achieve organizational goals both effectively and efficiently is known as management. True False 3. Organizations are collections of people who work together and coordinate their actions to achieve a wide variety of goals. True False 4. Organizations are effective when managers minimize the amount of input resources. True False 5. Scott's Photography purchased a new software system that will allow him to modify his images much faster. This is an example of increased effectiveness. True False 6. By reducing the amount of resources an organization uses to produce goods and services, they can decrease their efficiency. True False 7. Organizational performance is a measure of how efficiently and effectively managers use available resources to satisfy customers and achieve organizational goals. True False 1-1 8. A measure of the appropriateness of goals selected by managers for the organization and the degree to which the organization achieves these goals is known as the effectiveness of the organization. True False 9. At a recent staff meeting, Jim praised his team for understanding the goals of the organization and their ability to achieve the goals in a timely manner. It can be said that Jim's team is effective. True False 10. Managers affect society through their decisions about how to use resources. True False 11. Most people in organizations are managers. True False 12. Understanding management is an important path toward obtaining a job that pays well and provides an interesting and satisfying career. True False 13. The essential tasks of management include planning, organizing, managing, and controlling. True False 14. Planning is the process that mangers use to select the goals for the organization. True False 1-2 15. Michael Dell, CEO of Dell Computer formed a low-cost strategy. A low-cost strategy is a way of obtaining customers by making decisions that allow an organization to produce goods or services more cheaply than its competitors so it can charge lower prices than the competition. This strategy is the outcome of the organizing task of management. True False 16. Grouping people into the various departments of an organization is known as organizing. True False 17. During the leading process, managers lay out the lines of authority and responsibility between different individuals and groups. True False 18. Managers engaged in the leading function of management will energize their employees and ensure they understand their role in achieving organizational goals....
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Chapter 1 - TB - True / False Questions 1. A desired future...

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