Question 1

Which of the following is an effective practice with regard to tactical plans?

Accepted Answer

Tactical plans should be periodically reviewed and updated to ensure they remain relevant and effective in achieving the organization's goals within the context of any changes in the external environment or internal priorities.

Question 2

Short-range plans covering a period of one year or less that are designed to implement the activities and objectives specified in an organization's strategic plan are referred to as _____.

Accepted Answer

The answer of Short-range plans covering a period of one...

Question 3

Providing incentives to employees to motivate them toward achieving organizational objectives relates to the management function of:

Accepted Answer

Directing involves leading, influencing, and motivating employees to perform essential tasks. Providing incentives is a key strategy within this function to guide employees towards achieving organizational goals.

Question 4

Downsizing is an aspect most closely associated with the management function of:

Accepted Answer

Downsizing is most closely associated with the management function of staffing, as it involves reducing the number of employees within an organization to cut costs and improve efficiency.

Question 5

Dividing work into small units and assigning it to specific individuals is a task related to the management function of _____.

Accepted Answer

Organizing involves arranging resources and tasks to achieve objectives. This includes dividing work into manageable tasks and assigning them to specific individuals or teams.

Question 6

Which of the following statements is true of tactical plans?

Accepted Answer

Tactical plans are short-term plans that help an organization react to changes in the environment, allowing it to adapt its strategies accordingly.

Question 7

Due to a drop in the sales of its products,a few production employees and sales personnel of Red Fin Products Inc.were laid off.Which aspect of staffing does this scenario illustrate?

Accepted Answer

Downsizing refers to the process of reducing the number of employees, typically due to lower demand for products or services, financial challenges, or organizational restructuring, which matches the scenario described.

Question 8

Hiring people to carry out the work of an organization is known as _____.

Accepted Answer

Staffing is the process of hiring individuals to fill positions or roles within an organization. This involves recruiting, selecting, and training individuals to carry out the work of the organization.

Question 9

_____ is the structuring of resources and activities to accomplish objectives in an efficient and effective manner.

Accepted Answer

Organizing is the process of arranging resources and tasks to achieve objectives efficiently and effectively. This involves setting up structures, allocating resources, and coordinating activities.

Question 10

Xtreme Toys,a company that manufactures toys inspired by popular video games,creates a strategic plan to be the leader in the product category within a period of three years.The company's middle management also creates a half-yearly plan to ensure that the objectives of the strategic plan are properly implemented.The half-yearly plan created by Xtreme Toys can be regarded as a(n):

Accepted Answer

Tactical plans are short-term plans aimed at implementing parts of a strategic plan, which is exactly what Xtreme Toys' middle management is doing with their half-yearly plan.

Question 11

Which of the following is true of the management function of directing?

Accepted Answer

Directing involves guiding, leading, and overseeing employees to achieve organizational goals, which includes determining and administering appropriate rewards and recognition to motivate employees.

Question 12

Which of the following statements is true of the management function of organizing?

Accepted Answer

Organizing is a fundamental management function that involves arranging and structuring work to achieve organizational goals. This process helps in the efficient allocation of resources, defining roles and responsibilities, and establishing relationships that enable the organization to work effectively as a whole. The synergy created through organizing means that the collective output of a well-organized team is greater than the sum of the individual efforts, leading to increased efficiency and effectiveness.

Question 13

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

Accepted Answer

Crisis management specifically focuses on preparing for and responding to unexpected and potentially damaging events, such as natural disasters, accidents, or intentional harmful acts, which aligns with the examples provided in the question.

Question 14

The top management of XSports Autos Inc.creates a strategic plan to enter new product markets within a period of five years.The company's middle management creates half-yearly plans to ensure that the objectives of the strategic plan are properly implemented.Along with these plans,each department creates short-term plans that specify the actions to be taken by specific employees and teams to meet the objectives of the strategic plan and the half-yearly plans.These short-term plans established at the departmental level are referred to as _____.

Accepted Answer

Operational plans are short-term plans that specify the actions to be taken by specific employees and teams to meet the objectives of higher-level plans.

Question 15

Maria and Harold have just finished interviewing four candidates for a job position in Jackson Office Supplies Inc.,a large company based in Houston.In which of the following management functions are Maria and Harold involved?

Accepted Answer

Staffing is the management function involved in the process of interviewing and hiring employees. Maria and Harold are conducting interviews, which is a part of the staffing process to fill a job position.

Question 16

Bigbag.com,a leading online retailer,uses the services of Data Safe Inc.,a small startup that helps companies manage and keep their electronic data safe.This helps Bigbag.com keep a backup of its proprietary information in case of virus attacks or any sort of damage to property.This is an example of _____.

Accepted Answer

This is an example of contingency planning because Bigbag.com is preparing for potential future problems (like virus attacks or damage to property) by keeping a backup of its proprietary information with the help of Data Safe Inc. This is a strategy to mitigate risk and ensure business continuity in case of unforeseen events.

Question 17

_____ is the process of evaluating and correcting activities to keep an organization on course.

Accepted Answer

Controlling is the management function focused on evaluating progress and making adjustments to ensure that a company's goals are achieved. This involves monitoring activities, comparing them with the planned outcomes, and taking corrective actions as necessary.

Question 18

_____ are very short-term plans that specify what actions individuals,work groups,or departments need to accomplish in order to achieve an organization's tactical plan and ultimately the strategic plan.

Accepted Answer

Operational plans are detailed, short-term plans that are designed to implement the tactical plans of an organization. They outline the specific actions that need to be taken by individuals, work groups, or departments to achieve the broader goals set out in the tactical and strategic plans.

Question 19

When Betsy informed her supervisor that the furniture assemblers at their manufacturing plant were using 20 percent more raw materials in the current month when compared to the preceding months,she was involved in the management function of:

Accepted Answer

Betsy was involved in the controlling function of management, which involves monitoring performance and making adjustments as necessary. By comparing the current month's use of raw materials to previous months, she was identifying a deviation from the expected or planned usage, which is a key aspect of the controlling function.

Question 20

Crisis management plans generally cover maintaining business operations during a crisis and:

Accepted Answer

Crisis management plans include strategies for communicating with stakeholders (including employees, customers, and the public) about the situation and how the company is responding to it. This communication is crucial for managing perceptions and maintaining trust during a crisis.

Quiz 6: The Nature of Management