BUS 508 WEEK 5 CHAPTER 7 PRACTICE QUIZ (100% SCORE) - 93748

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Question 1 ________ is the process of recognizing a problem or opportunity, evaluating alternative solutions, selecting and implementing an alternative, and assessing the results. Answer Strategic planning SWOT analysis Decision making Critical thinking Question 2 The ________ links employees from different parts of the organization to work together on specific projects. Answer Committee organization Matrix structure Horizontal authority Vertical authority Question 3 In the course of a typical day, managers spend time meeting and talking with people, reading, thinking, and sending text or e-mail messages. Answer True False Question 4 A ________ is a written explanation of an organization’s business intentions and aims. Answer Organization statement Vision statement Corporate statement Mission statement Question 5 ________ involves implementing the activities specified by strategic plans. Answer Strategic planning Tactical planning Operational planning Contingency planning Question 6 ________ is the process of dividing work activities into units within the organization. Answer Compartmentalization Departmentalization Decentralization Operationalization Question 7 Strategic planning often makes the difference between an organization’s success and failure. Answer True False Question 8 An important outgrowth of democratic leadership in business is the concept of ________, in which employees share authority, responsibility, and decision making with their managers. Answer Empowerment Encouragement Development Sponsorship Question 9 A ________ is a structure that places authority and responsibility jointly in the hands of a group of individuals rather than a single manager. Answer Committee organization Matrix structure Horizontal authority Vertical authority Question 10 ________ at every level in the management hierarchy must exercise three basic types of skills: technical, human, and conceptual. Answer Managers Planners Operators Directors Question 11 Management principles and concepts apply to not-for-profit organizations as well as profit-seeking firms. Answer True False Question 12 The ethical tone that a top management team establishes cannot reap monetary as well as nonmonetary rewards. Answer True False Question 13 An ________ is a structured group of people working together to achieve common goals. Answer Team Culture Organization Management Question 14 Planning can be divided into the following categories, except: Answer Strategic Complexity Tactical Operational Question 15 A company that does not emphasize centralization retains decision making at the top of the management hierarchy. True False Answer Question 16 Strategic planning often does not make the difference between an organization’s success and failure. Answer True False Question 17 An organization’s ________ is its system of principles, beliefs, and values. Answer Business conditions Corporate culture Autocratic leadership Operations Question 18 ________ is the process of achieving organizational objectives through people and other resources. Answer Leadership Mentoring Professionalism Management Question 19 A business begins with a ________, its founder’s perception of marketplace needs and the ways a firm can satisfy them. Answer Mission Vision Concept Steps Question 20 ________ is guiding and motivating employees to accomplish organizational objectives. Answer Directing Planning Organizing Controlling
Solution Description

 

 

Question 1

________ is the process of recognizing a problem or opportunity, evaluating alternative solutions, selecting and implementing an alternative, and assessing the results.

Answer

Strategic planning

SWOT analysis

Decision making

Critical thinking

Question 2

 The ________ links employees from different parts of the organization to work together on specific projects.

Answer

Committee organization

Matrix structure

Horizontal authority

Vertical authority

Question 3

 In the course of a typical day, managers spend time meeting and talking with people, reading, thinking, and sending text or e-mail messages.

Answer

True

False

Question 4

A ________ is a written explanation of an organi

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