Review For Test 2
This quiz titled 'Review for test 2' assesses knowledge in strategic management, focusing on roles of managers, decision-making skills, and cost leadership strategies. It is designed to prepare learners for managerial roles and enhance their understanding of effective management practices.
- 1.
Which of the following is the area of management that focuses on getting the product to the buyer
- A.
Human Resource Management
- B.
Marketing Managers
- C.
Financial Managers
- D.
Information manager
Correct Answer
B. Marketing ManagersExplanation
Chapter 6: managing the business enterpriseRate this question:
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- 2.
Which of the following is NOT an element of the management process
- A.
Planning
- B.
Organizing
- C.
Controlling
- D.
Deploying
Correct Answer
D. DeployingExplanation
Chapter 6: Managing the Business EnterpriseRate this question:
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- 3.
Please fill answer below: A _______________ is a business level strategy focusing on selling a product at the lowest cost possible
Correct Answer
Cost LeadershipExplanation
Chapter 6: Managing the Business EnterpriseRate this question:
- 4.
According to Mintzberg, what are the three different roles of a manager
- A.
Informational roles, interpersonal roles, decision roles
- B.
Top Manager, Middle manager, First line manager
- C.
Technical skills, conceptual skills, time management skills
- D.
None of the above
Correct Answer
A. Informational roles, interpersonal roles, decision rolesExplanation
Chapter 6: Managing the Business Enterprise - Management RolesRate this question:
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- 5.
Is procrastination the act of wasting time and putting off work for no real reason true or false?
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Chapter 6: Managing the Business Enterprise - Time management skillsRate this question:
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- 6.
Which of the following is NOT a component of a SMART goal?
- A.
Specific
- B.
Achievable
- C.
Many
- D.
Time
Correct Answer
C. ManyExplanation
Chapter 6: Managing the Business Enterprise - Setting GoalsRate this question:
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- 7.
Crisis management is identifying in advance changes that may occur in a company true or false?
- A.
True
- B.
False
Correct Answer
B. FalseExplanation
Chapter 6: Managing the Business Enterprise - Contingency Planning and Crisis ManagementRate this question:
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- 8.
Which of the following is a definition of Delegation?
- A.
The assignment of a task, responsibility, or authority to a subordinate
- B.
Liability of subordinates to complete the task that has been delegated to them by a superior
- C.
Top managers reserve most of the decision-making rights for themselves
- D.
Lower- and middle-level managers have some discretion in making decisions on their own
Correct Answer
A. The assignment of a task, responsibility, or authority to a subordinateExplanation
Chapter 7: Organizing the Business enterpriseRate this question:
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- 9.
The following is an image of what?
- A.
Organizational Chart
- B.
Chain of Command
- C.
Job Specialization
- D.
A & B
Correct Answer
D. A & BExplanation
Chapter 7: Organizing the Business Enterprise - Organizational StructureRate this question:
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- 10.
Which of the following is NOT a characteristic of an informal group ?
- A.
They may work together or not
- B.
May discuss business and other interests
- C.
May or may not have an impact on the business
- D.
Always assigned by a manager to work together
Correct Answer
D. Always assigned by a manager to work togetherExplanation
Chapter 7: Organizing the Business enterprise - informal groupsRate this question:
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- 11.
Which of the following is the definition for Span of Control?
- A.
The chain of command is direct and is indicated by a solid line in the organization chart
- B.
The number of subordinates that a manager is responsible for supervising
- C.
Whether or not a manager is respected by their subordinates
- D.
It determines who will do what task
Correct Answer
B. The number of subordinates that a manager is responsible for supervisingExplanation
Chapter 7: Organizing the business enterprise - Decision making hierarchyRate this question:
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- 12.
Please fill answer below: A ___________ structure various units in the organization are formed based on the functions they must carry out.
Correct Answer
FunctionalExplanation
Chapter7: Organizing the Business Enterprise - Functional StructureRate this question:
- 13.
What type of authority is based on the technical expertise and advising others about decisions?
- A.
Line authority
- B.
Staff Authority
- C.
Committee and Team authority
- D.
Basic Authority
Correct Answer
B. Staff AuthorityExplanation
Chapter 7: Organizing the Business Enterprise - Distributing AuthorityRate this question:
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- 14.
True or false: A flat organization has few layers of management in their hierarchy whereas a tall organization has many layers of management.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Chapter 7: Organizing the Business Enterprise - Distributing the authorityRate this question:
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- 15.
Which of the following is NOT a type of departmentalization?
- A.
Customer departmentalization
- B.
Functional departmentalization
- C.
Geographic departmentalization
- D.
Project departmentalization
Correct Answer
D. Project departmentalizationExplanation
Chapter 7: Organizing the Business Enterprise - DepartmentalizationRate this question:
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- 16.
Which of the following is the definition of a job analysis?
- A.
A detailed study of the specific duties of a job and the qualities needed
- B.
The duties of the job,its working conditions and equipment needed
- C.
The skills and abilities needed for a job
- D.
None of the above
Correct Answer
A. A detailed study of the specific duties of a job and the qualities neededExplanation
Chapter 8: Managing Human Resources - Human Resource PlanningRate this question:
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- 17.
True or False: Internal recruitment means considering current employees as candidates for a particular job opening.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Chapter 8: Managing Human Resources - Staffing the OrganizationRate this question:
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- 18.
Please fill answer below: A __________ is a training program where employees gain new skills while performing them on the job.
Correct Answer
On-the-job trainingExplanation
Chapter 8: Managing Human Resources - Training and developmentRate this question:
- 19.
Please fill answer below: A __________ is what a firm offers its workers other than wages and salaries in return for their labour.
Correct Answer
BenefitsExplanation
Chapter 8: Managing Human Resources - BenefitsRate this question:
- 20.
Which of the following is NOT an example of individual incentive?
- A.
Paid time off
- B.
Sales commissions
- C.
Piece rate incentive plan
- D.
Pay for performance
Correct Answer
A. Paid time offExplanation
Chapter 8: Managing Human Resources - Incentive programsRate this question:
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- 21.
What is the legal concept that aims to pay equal wages for work of equal value?
- A.
Employment equity act
- B.
Canadian Human Rights Act
- C.
Comparable worth
- D.
Equal Employment
Correct Answer
C. Comparable worthExplanation
Chapter 8: Managing Human Resources - The Legal Context of HRMRate this question:
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- 22.
True or false: wages are hourly compensation paid to operating employees
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Chapter 8: Managing Human Resources - Providing Compensation and BenefitsRate this question:
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Current Version
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Mar 20, 2023Quiz Edited by
ProProfs Editorial Team -
Sep 24, 2014Quiz Created by
Jdeste
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