Question 1

Managers in many of today's high-tech firms realize that workers often know much more about technology than they do.

Accepted Answer

This is true. With the rapid pace of technological innovation, many workers have a deeper understanding of specific technologies or tools than their managers. This has led to a shift in management styles, with some managers adopting a more collaborative approach and relying on their team's expertise to inform decision-making.

Question 2

A modern manager's main job is to issue orders,then follow up to make sure employees do as they were told.

Accepted Answer

A modern manager's main job is to provide guidance, support, and direction to employees to help them achieve their goals and the goals of the organization. They should also empower and delegate tasks to employees, rather than issuing orders and micromanaging them. Effective communication and collaboration are also key aspects of a modern manager's responsibilities.

Question 3

Management is the art of getting things done through organizational resources.

Accepted Answer

This is a commonly accepted definition of management. It involves utilizing the resources of an organization to achieve goals and objectives.

Question 4

In most high tech industries,the best way to respond quickly to rapid technological changes is to keep most authority and responsibility in the hands of a few key managers who provide precise,detailed directions to the workers.

Accepted Answer

In high tech industries, it is important to have a flexible and adaptable organizational structure, with decision-making processes that involve input from multiple levels and areas of expertise. This allows for quick response to changes in technology and the market. Giving too much authority to a few key managers can create bottlenecking and slow down the decision-making process.

Question 5

Because of advancements in technology,managers now have an easier time obtaining long-term commitments from workers.

Accepted Answer

While technology may aid in communication and tracking progress, it does not guarantee or necessarily lead to increased commitment from workers. Commitment is influenced by a variety of factors such as company culture, job satisfaction, and employee recognition.

Question 6

The need for better-educated and self-directed workers has made it easier for managers to obtain the trust and loyalty of their workers.

Accepted Answer

The answer of The need for better-educated and self-directed workers...

Question 7

Planning is the function of management that involves anticipating future trends and determining the best strategies and tactics to achieve an organization's goals and objectives.

Accepted Answer

Planning involves looking ahead and determining what actions need to be taken to achieve desired outcomes. This requires anticipating future trends and making decisions about the best course of action to achieve organizational objectives.

Question 8

Given the lack of discipline and short attention spans of today's workers,modern managers must watch their workers closely,set strict rules,and vigorously enforce them.

Accepted Answer

This statement is a stereotype and not necessarily true for all workers. It is important for managers to trust and empower their employees, foster a positive work culture, and provide clear expectations and feedback. Micromanaging and strict enforcement of rules can actually decrease motivation and productivity.

Question 9

Financing is one of the four key functions of management.

Accepted Answer

The four key functions of management are planning, organizing, leading, and controlling. Financing is not considered a core function of management, but rather a critical aspect of the operational and strategic activities within an organization.

Question 10

Planning is a key management function because other management functions depend on having a good plan.

Accepted Answer

Planning is an essential management function as it sets the foundation for organizing, directing, and controlling. Organizing, directing, and controlling all depend on having a good plan in place. Hence, planning is integral and important for effective management.

Question 11

Every business has scarce resources.

Accepted Answer

Scarce resources are resources that are limited in supply and cannot meet unlimited demand. Every business has to make choices and trade-offs regarding the use of its scarce resources to achieve its goals and objectives.

Question 12

Because of advancements in technology,it is likely that you will work for the same company for most of your career.

Accepted Answer

Advancements in technology have actually increased job mobility and the ability to work remotely, making it less likely for someone to work for the same company for their entire career.

Question 13

Planning is one of the four key functions of management.

Accepted Answer

Planning is indeed one of the four key functions of management, along with organizing, leading, and controlling. Planning involves setting goals, developing strategies, and creating action plans to achieve those goals.

Question 14

In today's business environment,the general trend has been toward developing long-term relationships between workers and their employers.

Accepted Answer

The answer of In today's business environment,the general trend has...

Question 15

Leading is the management function of designing the structure of the organization so that everyone can function together.

Accepted Answer

Leading is the management function of motivating, directing, and influencing people to work towards the achievement of organizational objectives. Designing the structure of the organization falls under the management function of organizing.

Question 16

Despite all of the changes in the business environment,the basic way a manager performs his or her job has remained remarkably constant.

Accepted Answer

The statement is false. The basic way a manager performs their job has evolved and changed over time to adapt to new technologies, business models, and cultural shifts. For example, the rise of remote work has changed the way managers communicate with their teams and oversee their work, and the use of data analytics has changed how managers make decisions and measure success.

Question 17

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

This is the definition of leading, one of the four main functions of management.

Question 18

The four key management functions are planning,organizing,leading,and controlling.

Accepted Answer

These are the four fundamental functions of management, as identified by management theorist Henri Fayol.

Question 19

Managers in progressive organizations tend to emphasize teamwork and co-operation rather than discipline and giving orders.

Accepted Answer

Progressive organizations value collaboration and teamwork among employees, therefore managers in such organizations prioritize promoting cooperation rather than relying solely on discipline and giving orders.

Question 20

As a management function,the main focus of controlling is to keep complete and up-to-date records of the organization's financial transactions for tax and regulatory purposes.

Accepted Answer

While controlling does involve monitoring financial transactions, its main focus is to ensure that the organization's goals and objectives are achieved and that activities are in line with planned outcomes. It involves setting performance standards, measuring actual performance, identifying deviations from the plan, and taking corrective actions.

Quiz 8: Management and Leadership