Question 1

A person who analyzes a firm's income and expenses over a specified period and selects appropriate ways to invest extra funds is involved in
A)information technology management.
B)marketing management.
C)human resources management.
D)production and operations management.
E)financial management.

Accepted Answer

Financial management is responsible for projecting income and expenses over a specified period along with identifying and selecting appropriate ways to invest extra funds.

Question 2

Human relations skills are highly important for managers.

Accepted Answer

Those who can relate to others,communicate well with others,understand the needs of others,and show a true appreciation for others are generally more successful than managers who lack human relations skills.

Question 3

Production and operations managers are concerned with
A)identifying and efficiently using sources of financing.
B)managing a division.
C)planning,pricing,and promoting products.
D)transforming resources into products.
E)recruiting new employees and developing employee programs.

Accepted Answer

Production and operations managers develop and administer the activities involved in transforming resources into goods,services,and ideas ready for the marketplace.

Question 4

Autocratic leaders involve their employees in decisions.

Accepted Answer

Democratic leaders involve their employees in decisions.

Question 5

Developing and monitoring advertising and promotion efforts of a company would most likely involve the _______ managers.
A)production
B)operations
C)marketing
D)personnel
E)administrative

Accepted Answer

Specific jobs in marketing are found in areas such as marketing research,advertising,personal selling,retailing,telemarketing,Internet marketing,and other forms of company promotion.

Question 6

The development of a performance-appraisal system is primarily the concern of
A)financial management.
B)human resources management.
C)production and operations management.
D)marketing management.
E)administrative management.

Accepted Answer

One of the responsibilities of human resource managers is to determine performance-appraisal systems.

Question 7

Conceptual skills are the ability to identify relevant issues and recognize their importance,understand the relationships between them,and perceive their underlying causes.

Accepted Answer

Conceptual skills involve the ability to think in abstract terms and to see how parts fit together to form the whole,skills that are needed by top-level managers.

Question 8

Decisions regarding adding new products,acquiring companies,and moving into foreign markets would most typically be made by
A)first-line management.
B)a sales manager.
C)middle management.
D)a production manager.
E)top management.

Accepted Answer

Top managers decide whether to add products,acquire companies,sell unprofitable business segments,and move into foreign markets.

Question 9

Positions such as foremen,supervisors,and office managers are examples of
A)top management.
B)first-line management.
C)middle management.
D)executive levels.
E)strategic decision makers.

Accepted Answer

Common titles for first-line managers are foremen,supervisors,and office managers.

Question 10

A person in charge of designing production facilities,purchasing supplies,and ensuring that products meet quality standards is probably a
A)financial manager.
B)production and operations manager.
C)human resources manager.
D)marketing manager.
E)administrative manager.

Accepted Answer

Production and operations managers are typically involved in planning and designing production facilities,purchasing raw materials and supplies,managing inventory,scheduling processes to meet demand,and ensuring that products meet quality standards.

Question 11

Although managers may not actually perform the specific jobs within organizations,they need the technical expertise required to performed jobs related to their area of management in order to train employees and answer questions.

Accepted Answer

Production managers do not necessarily need to perform a job,but they must have technical expertise to effectively train employees,answer questions,provide guidance,and solve problems.

Question 12

The specific operations of the organization,plant,division,or department would most typically involve
A)top management.
B)middle management.
C)first-line management.
D)the board of directors.
E)stockholders.

Accepted Answer

In business,plant managers,division managers,and department managers make up middle management.

Question 13

Top managers spend most of their time performing which of the following management functions?
A)Directing
B)Controlling
C)Organizing
D)Staffing
E)Planning

Accepted Answer

Top managers spend most of their time planning.

Question 14

_____ are responsible for tactical planning that will implement the general guidelines established by top management.
A)CEOs
B)Middle managers
C)Top managers
D)First-line supervisors
E)Office managers

Accepted Answer

Middle managers are those responsible for tactical planning that will implement the general guidelines established by top management.

Question 15

Information technology managers are responsible for which duties within organizations? Give an example of an important task of an IT manager.

Accepted Answer

The answer of Information technology managers are responsible for which...

Question 16

Analytical skills involve the ability to think creatively.

Accepted Answer

Analytical skills involve the ability to identify relevant issues and recognize their importance,understand the relationships between them,and perceive the underlying causes of a situation.

Question 17

A department manager is a first-line manager.

Accepted Answer

Department managers are in middle management.

Question 18

How do top managers differ from first-line managers?

Accepted Answer

The answer of How do top managers differ from first-line...

Question 19

All managers perform all five management functions but not to the same degree.

Accepted Answer

All managers perform the five management functions of planning,organizing,staffing,directing,and controlling.

Question 20

Free-rein leaders allow their employees to work without much interference.

Accepted Answer

The manager sets performance standards and allows employees to find their own ways to meet them.

Quiz 6: The Nature of Management

A person who analyzes a firm's income and expenses over a specified period and selects appropriate ways to invest extra funds is involved in

Human relations skills are highly important for managers.

Production and operations managers are concerned with

Autocratic leaders involve their employees in decisions.

Developing and monitoring advertising and promotion efforts of a company would most likely involve the _______ managers.

The development of a performance-appraisal system is primarily the concern of

Conceptual skills are the ability to identify relevant issues and recognize their importance,understand the relationships between them,and perceive their underlying causes.

Decisions regarding adding new products,acquiring companies,and moving into foreign markets would most typically be made by

Positions such as foremen,supervisors,and office managers are examples of

A person in charge of designing production facilities,purchasing supplies,and ensuring that products meet quality standards is probably a