Question 1

Management is a process

Accepted Answer

Management is a process to attain organizational objectives by coordinating the use of resources efficiently and effectively.

Question 2

The decision to introduce new products in order to reach objectives is often a key management duty.

Accepted Answer

Acquiring suppliers is another important part of managing resources along with ensuring that new products are made available to customers.These are some of the resources managers must coordinate in order to achieve the organization's objectives.

Question 3

If a manager is organizing equipment within a factory setting,he is mainly involved in which of the following resources?

Accepted Answer

Managers deal with three resources to run a business: physical resources (raw materials and equipment),human resources (employees),and financial resources.Equipment and factories would best fit under physical resources,not human or financial resources.

Question 4

Management is a process designed to achieve an organization's objectives by using its resources ____________ (accomplishing the objectives with a minimum of resources)and _________________ (having the intended result).

Accepted Answer

Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment.Effectively means having the intended result;efficiently means accomplishing the objectives with a minimum of resources.

Question 5

Managers engage in planning,organizing,staffing,directing,and controlling.

Accepted Answer

All of these activities are necessary for managers to perform in order to coordinate the use of the organization's resources.

Question 6

When providing benefits,a manager is most closely involved with which of the following resources?

Accepted Answer

Employees (human resources)are one of the most important resources in helping a business attain its objectives.Successful companies such as Starbucks recruit,train,compensate,and provide benefits (such as shares of stock and health insurance)to foster employee loyalty.

Question 7

All of the following are typical resources that must be acquired by each organization in the pursuit of its objectives except

Accepted Answer

Every organization in the pursuit of its organizational objectives must acquire resources in the form of people,raw materials and equipment,money,and information.Laws are not a typical resource acquired by an organization.

Question 8

What are the resources essential to every organization?

Accepted Answer

The answer of What are the resources essential to every...

Question 9

All of the following are functions of management except

Accepted Answer

To coordinate the use of resources so that the business can develop,make,and sell products,managers engage in a series of activities: planning,organizing,staffing,directing,and controlling.

Question 10

Crisis management plans are the long-range plans developed by top management.

Accepted Answer

Crisis management is an element in planning that deals with potential disasters such as product tampering,oil spills,fire,earthquake,computer virus,or airplane crash.

Question 11

What is management?

Accepted Answer

The answer of What is management?...

Question 12

If a manager is analyzing several methods for obtaining the money needed to expand operations,she is involved with which of the following resources?

Accepted Answer

Financial resources are needed to purchase additional goods and services,pay employees,and generally operate the business.

Question 13

_____ make decisions about the use of an organization's resources and are concerned with planning,organizing,leading,and controlling the organization's activities.

Accepted Answer

Managers are the ones who make decisions about the use of an organization's resources and are concerned with planning,organizing,leading,and controlling the organization's activities.

Question 14

Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment.

Accepted Answer

Managers are the ones who make decisions about the use of an organization's resources and are concerned with planning,organizing,leading,and controlling the organization's activities to reach organizational objectives in an effective and efficient manner.

Question 15

If a manager is concerned about doing the work with the least cost and waste,then her primary managerial concern is

Accepted Answer

Managing efficiently means accomplishing the objectives with a minimum of resources.

Question 16

Managers can run a business with only human and physical resources.

Accepted Answer

Managers must have physical resources to turn into products to market,human resources to make and sell the product,and financial resources to purchase additional goods and services,pay employees,and operate the business.

Question 17

Managers need adequate ____________ resources to pay for essential activities.

Accepted Answer

In order to pay for essential business activities,a manager needs adequate financial resources.

Question 18

Management takes place only in business settings.

Accepted Answer

Management takes place in any organization requiring the coordination of resources.

Question 19

Planning involves forecasting events and determining the best course of action from a set of options or choices.

Accepted Answer

Planning for managers involves forecasting events and then specifying what should be done,by whom,when,where,and how.

Question 20

Employees are one of the most important resources in helping a company obtain its objectives.

Accepted Answer

Employee productivity and loyalty are critical to the creation and/or distribution of goods and services.Therefore,they are integral to organizational success.

Quiz 6: The Nature of Management

Management is a process

The decision to introduce new products in order to reach objectives is often a key management duty.

If a manager is organizing equipment within a factory setting,he is mainly involved in which of the following resources?

Management is a process designed to achieve an organization's objectives by using its resources (accomplishing the objectives with a minimum of resources) and _____ (having the intended result) .

Managers engage in planning,organizing,staffing,directing,and controlling.

When providing benefits,a manager is most closely involved with which of the following resources?

All of the following are typical resources that must be acquired by each organization in the pursuit of its objectives except

What are the resources essential to every organization?

All of the following are functions of management except

Crisis management plans are the long-range plans developed by top management.

What is management?

If a manager is analyzing several methods for obtaining the money needed to expand operations,she is involved with which of the following resources?

_____ make decisions about the use of an organization's resources and are concerned with planning,organizing,leading,and controlling the organization's activities.

Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment.

If a manager is concerned about doing the work with the least cost and waste,then her primary managerial concern is

Managers can run a business with only human and physical resources.

Managers need adequate ____________ resources to pay for essential activities.

Management takes place only in business settings.

Planning involves forecasting events and determining the best course of action from a set of options or choices.

Employees are one of the most important resources in helping a company obtain its objectives.

Quiz 6: The Nature of Management

Management is a process

The decision to introduce new products in order to reach objectives is often a key management duty.

If a manager is organizing equipment within a factory setting,he is mainly involved in which of the following resources?

Management is a process designed to achieve an organization's objectives by using its resources ____________ (accomplishing the objectives with a minimum of resources) and _________________ (having the intended result) .

Managers engage in planning,organizing,staffing,directing,and controlling.

When providing benefits,a manager is most closely involved with which of the following resources?

All of the following are typical resources that must be acquired by each organization in the pursuit of its objectives except

What are the resources essential to every organization?

All of the following are functions of management except

Crisis management plans are the long-range plans developed by top management.

What is management?

If a manager is analyzing several methods for obtaining the money needed to expand operations,she is involved with which of the following resources?

_____ make decisions about the use of an organization's resources and are concerned with planning,organizing,leading,and controlling the organization's activities.

Management is a process designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment.

If a manager is concerned about doing the work with the least cost and waste,then her primary managerial concern is

Managers can run a business with only human and physical resources.

Managers need adequate ____________ resources to pay for essential activities.

Management takes place only in business settings.

Planning involves forecasting events and determining the best course of action from a set of options or choices.

Employees are one of the most important resources in helping a company obtain its objectives.

Management is a process designed to achieve an organization's objectives by using its resources (accomplishing the objectives with a minimum of resources) and _____ (having the intended result) .