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- 1. Multiple Choice
Management is the process of planning, organizing, leading, and controlling to meet organizational goals.
TRUE
FALSE
- 2. Multiple Choice
High-level managers rely heavily on subordinates to collect, analyze, and summarize information.
TRUE
FALSE
- 3. Multiple Choice
Setting the prices of new products is a fairly routine decision that managers make.
TRUE
FALSE
- 4. Multiple Choice
Selecting an individual for employment from a pool of job applicants is an example of an interpersonal role of management.
TRUE
FALSE
- 5. Multiple Choice
A mission statement is a statement of the operational goals of the organization
TRUE
FALSE
- 6. Multiple Choice
A vision statement is a brief description of a company's present status in the market.
TRUE
FALSE
- 7. Multiple Choice
A value statement does not establish expectations for an organization's employees.
TRUE
FALSE
- 8. Multiple Choice
Strengths and weaknesses are internal factors that contribute to a company's success or failure.
TRUE
FALSE
- 9. Multiple Choice
An economic slowdown is viewed as a weakness in the SWOT analysis of a firm.
TRUE
FALSE
- 10. Multiple Choice
Qualitative managerial forecasts involve historical data and complex statistical computations.
TRUE
FALSE
- 11. Multiple Choice
A goal is a broad, long-term accomplishment that an organization wants to achieve.
TRUE
FALSE
- 12. Multiple Choice
Organizing is the process of arranging resources to carry out an organization's plans.
TRUE
FALSE
- 13. Multiple Choice
A management pyramid is used to exhibit managerial roles without defining a corporate hierarchy.
TRUE
FALSE
- 14. Multiple Choice
Middle managers establish the structure for an organization as a whole.
TRUE
FALSE
- 15. Multiple Choice
Cognitive intelligence is a measure of a person's awareness of and ability to manage his or her own emotions.
TRUE
FALSE
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