Question 1

The four basic management functions are planning,organizing,influencing,and controlling.

Accepted Answer

These are indeed the four basic functions of management, which encompass the core activities managers perform to achieve organizational goals efficiently and effectively.

Question 2

As a manager in a manufacturing plant,Rex is not utilizing all his resources during the production process,but due to the high demand for the plant's products,he can get an extremely high price per unit sold and thus absorb inefficiency costs.In this scenario,as a manager Rex is ________.
A)efficient without being effective
B)effective without being efficient
C)effective and efficient
D)neither effective nor efficient
E)highly efficient but not effective

Accepted Answer

Rex is effective because he is achieving the plant's goal of selling products at a high price, but he is not efficient because he is not utilizing all resources optimally during the production process.

Question 3

________ refers to all the organizational assets available for activation during the production process.
A)Supplies
B)Plans
C)Technologies
D)Strategies
E)Resources

Accepted Answer

Resources refer to all the organizational assets, including supplies, technologies, human skills, and financial assets, that can be activated or utilized during the production process.

Question 4

Capital resources can be a major factor in ________.
A)the net profits the organization generates at the end of the financial year
B)the ingredients used directly in the manufacturing of products
C)maintaining desired production levels
D)all the financial assets that the organization possesses
E)the amounts of money that managers use to purchase goods and services for the organization

Accepted Answer

Capital resources, such as machinery and equipment, are essential for maintaining desired production levels as they are used in the production process.

Question 5

The more resources unused during the production process,the more ________ the manager.
A)inefficient
B)efficient
C)ineffective
D)effective
E)efficient and ineffective

Accepted Answer

Unused resources during the production process indicate inefficiency, as it means the manager is not utilizing available resources optimally.

Question 6

________ resources are those ingredients that are used directly in the manufacturing of products.
A)Hardware
B)Capital
C)Technology
D)Raw material
E)Monetary

Accepted Answer

Raw materials are the basic, unprocessed physical ingredients used directly in the manufacturing of products.

Question 7

Ben is a manager at Transit Logistics,a logistics company involved in transportation and storage.He is in charge of monitoring the schedules of the truck drivers who transport the goods.In this scenario,the capital resource(s)of the organization is/are the ________.
A)work-schedule
B)transported goods
C)manager
D)drivers
E)trucks

Accepted Answer

The trucks are considered capital resources because they are assets used by the company to produce goods or services, in this case, for transportation and storage purposes.

Question 8

Green Energy Inc.(GEI)is involved in obtaining energy from natural resources.As a manager at this organization,Jim must use his resources and strive to be both effective and efficient.To be an effective manager,Jim must ________.
A)focus on GEI's monetary resources more than its human resources
B)expand GEI's capital and help the organization's growth,even if that is not their goal
C)update knowledge by organizing training for all managers
D)use GEI's resources to attain the organization's goals
E)maximize the use of GEI's human and capital resources

Accepted Answer

Being effective as a manager involves using the organization's resources to attain its goals, which aligns with choice D. Choices A, B, C, and E do not specifically address the effectiveness in terms of achieving organizational goals.

Question 9

Managerial efficiency is the proportion of total organizational resources that contribute to productivity during the manufacturing process.The ________ this proportion,the more ________ the manager.
A)lower;effective
B)higher;efficient
C)lower;efficient
D)higher;ineffective
E)higher;inefficient

Accepted Answer

Managerial efficiency increases as a higher proportion of total organizational resources contribute to productivity, making the manager more efficient.

Question 10

Planning is concerned with setting objectives for organizational success,while controlling is concerned with monitoring the actual performance of the organization's success.

Accepted Answer

Planning involves setting goals and determining the best way to achieve them, while controlling involves measuring actual performance, comparing it with the planned objectives, and taking corrective action if necessary.

Question 11

Which of the following situations demonstrates effectiveness but not efficiency?
A)Workers at MNS worked overtime for two weeks,but were unable to achieve their target production.
B)Managers at MNS aimed to complete a particular project by August,but only completed it in September.
C)The manager told Stella to do a report,even though Ray was better qualified for the task.However,Stella managed it successfully.
D)Following a number of layoffs,Gianna's team was very demotivated and hence the performance of the department suffered.
E)MNS aimed to complete construction of the new plant in two weeks,but a workers' strike delayed construction.

Accepted Answer

Efficiency involves accomplishing a task with the least amount of resources, while effectiveness is about achieving the desired outcome. In option C, Stella successfully completes the report, demonstrating effectiveness. However, since Ray was better qualified, assigning the task to Stella was not the most efficient use of resources.

Question 12

George is identifying what tasks need to be completed and how many tasks each employee can effectively complete each day.George's activities are a part of the ________ function.
A)planning
B)organizing
C)influencing
D)evaluating
E)controlling

Accepted Answer

George's activities are part of the organizing function, which involves determining what tasks need to be done, who will do them, and how those tasks will be managed and coordinated.

Question 13

When referring to efficiency during the manufacturing process,being efficient means that ________.
A)a small proportion of total resources contributes to productivity
B)a small proportion of total skilled employees contributes to productivity
C)an equal proportion of skilled and unskilled employees contributes to productivity
D)a large proportion of resources contributes to productivity
E)a small proportion of total human and capital resources contributes to productivity

Accepted Answer

Efficiency in manufacturing means maximizing productivity with the least amount of waste or resources. Therefore, having a large proportion of resources contribute to productivity indicates high efficiency, as it implies minimal waste and optimal use of resources.

Question 14

Which of the following is an error managers frequently make during the controlling function of management?
A)not establishing departments appropriately
B)not taking the time to communicate properly with organization members
C)establishing improper communication networks
D)not monitoring progress in carrying out plans
E)not exploring enough viable alternatives for reaching objectives

Accepted Answer

Monitoring progress is a critical aspect of the controlling function in management. Failure to do so can lead to projects veering off track, goals not being met, and resources being wasted. Managers need to regularly check on the progress of activities to ensure they align with the planned objectives.

Question 15

Influencing as a managerial function is also commonly referred to as Motivating,Leading,Directing,or ________.
A)Driving
B)Controlling
C)Actuating
D)Monitoring
E)Designing

Accepted Answer

Actuating is another term used to describe the influencing function in management, which involves motivating and leading employees to achieve organizational goals.

Question 16

Define management and explain how the four functions of management are related.

Accepted Answer

The answer of Define management and explain how the four...

Question 17

Which managerial function is primarily focused on motivating,leading,directing,or actuating activities?
A)planning
B)organizing
C)influencing
D)evaluating
E)controlling

Accepted Answer

Influencing is the managerial function that focuses on motivating, leading, directing, or actuating activities. It involves guiding the behavior of the organization's members in a direction that helps the organization achieve its goals.

Question 18

________ resources refer to the machines used during the manufacturing process.
A)Hardware
B)Capital
C)Technology
D)Raw material
E)Monetary

Accepted Answer

Capital resources include the machinery and equipment used in the production of goods, which is the correct answer in the context of the manufacturing process.

Question 19

Discuss common mistakes managers may make when carrying out the various management functions.

Accepted Answer

The answer of Discuss common mistakes managers may make when...

Question 20

Planning involves choosing tasks that must be performed to attain organizational goals,outlining how the tasks must be performed,and indicating when they should be performed.

Accepted Answer

Planning is a fundamental management function that involves setting objectives, determining strategies to achieve those objectives, and developing plans to integrate and coordinate activities. It includes choosing tasks, outlining how to perform them, and scheduling their execution.

Quiz 1: Introducing Modern Management: Concepts and Skills

The four basic management functions are planning,organizing,influencing,and controlling.

As a manager in a manufacturing plant,Rex is not utilizing all his resources during the production process,but due to the high demand for the plant's products,he can get an extremely high price per unit sold and thus absorb inefficiency costs.In this scenario,as a manager Rex is ________.

________ refers to all the organizational assets available for activation during the production process.

Capital resources can be a major factor in ________.

The more resources unused during the production process,the more ________ the manager.

________ resources are those ingredients that are used directly in the manufacturing of products.

Ben is a manager at Transit Logistics,a logistics company involved in transportation and storage.He is in charge of monitoring the schedules of the truck drivers who transport the goods.In this scenario,the capital resource(s) of the organization is/are the ________.

Green Energy Inc.(GEI) is involved in obtaining energy from natural resources.As a manager at this organization,Jim must use his resources and strive to be both effective and efficient.To be an effective manager,Jim must ________.

Managerial efficiency is the proportion of total organizational resources that contribute to productivity during the manufacturing process.The this proportion,the more the manager.

Planning is concerned with setting objectives for organizational success,while controlling is concerned with monitoring the actual performance of the organization's success.

Which of the following situations demonstrates effectiveness but not efficiency?

George is identifying what tasks need to be completed and how many tasks each employee can effectively complete each day.George's activities are a part of the ________ function.

When referring to efficiency during the manufacturing process,being efficient means that ________.

Which of the following is an error managers frequently make during the controlling function of management?

Influencing as a managerial function is also commonly referred to as Motivating,Leading,Directing,or ________.

Define management and explain how the four functions of management are related.

Which managerial function is primarily focused on motivating,leading,directing,or actuating activities?

________ resources refer to the machines used during the manufacturing process.

Discuss common mistakes managers may make when carrying out the various management functions.

Planning involves choosing tasks that must be performed to attain organizational goals,outlining how the tasks must be performed,and indicating when they should be performed.