QUESTION One way that managers cope with complexity is by controlling and problem solving, monitoring results, and solving problems as they arise. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: The other ways are by planning and budgeting, setting targets and specifying the resources and means for achieving them; and […]
QUESTION When a manager is ignoring actual evidence and hanging on to prior beliefs, the manager is showing a prior-hypothesis bias. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Sometimes managers with prior experience will ignore evidence that contradicts their beliefs and continue to hang on to their old hypotheses.
QUESTION Physicians On Call is a new practice of medical doctors who cater to wealthy elderly clients by making house calls and always accepting phone calls. One of the physicians is considered the manager of the practice, but generally decisions are made through discussion and consensus. This is an example of free-rein leadership. Indicate whether […]
QUESTION Strategic plans and operational plans can be just as effective when developed in the absence of a company’s mission and vision. Answer: FALSE Indicate whether the statement is true or false. ANSWER Explanation: Operational plans might help an organization function on a week-to-week basis, but they still need to have the company’s goals […]
QUESTION You can be a leader without being a manager. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Nonmanagement employees can motivate and inspire others, which is part of the definition of being a leader. Unfortunately, you can also be a manager without being a leader.
QUESTION Collis P. Huntington, founder of Newport News Shipbuilding & Drydock Company, said, “We shall build good ships here: at a profit if we can, at a loss if we must, but always good ships.” This is an example of a strategic plan. Indicate whether the statement is true or false. ANSWER Answer: FALSE […]
QUESTION An objective is a specific, short-term target designed to achieve the broad, long-range targets that an organization wishes to attain. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: An organization’s long-range targets are its goals. Objectives are developed to attain those goals.
QUESTION Good organizational planning starts at the grassroots level, where objectives and goals are conceived and then “bubbled up” to top management to be developed into strategic planning documents. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: The planning process starts with clear vision and mission statements, from which top […]
QUESTION Goals are broad, long-range targets that an organization wishes to attain. Indicate whether the statement is true or false. ANSWER Answer: TRUE Explanation: Goals are set by all levels of management based on the higher-tiered planning documents. From them, objectives are then developed for shorter-range planning.
QUESTION In a SWOT analysis, the strengths and weaknesses are external. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: The strengths and weaknesses are internal, while the opportunities and threats are external.
