management final review

Which of the following is the difference between a job description and a job profile:

A job description has more detail than a job profile.

Which of the following is an example of an activity associated with the directing function of management:

A manager disciplines an employee for inappropriate behavior in the workplace.

Which of the following is a benefit of project planning

Coordinating all of the parts of the project

Which of the following is a benefit of project planning:

Coordinating all of the parts of the project

A furniture store manager who helps an employee decide when and where products should be delivered performs which management function?

Directing

Which of the following is the first step in developing a work breakdown structure (WBS) for a project:

Divide the workload into independent work packages.

During what phase of the project life cycle does the project manager activate project controls?

Execution

Why does the pursuit of financing often require a company to develop a detailed management plan?

Investors care about a company's leadership and management abilities.

Which of the following is a disadvantage of a narrow span of management:

Slower communication process

Burkhart Manufacturing is implementing a new, company-wide computer system. Nadine is in the process of identifying the skills that will be needed to manage the information and maintain the various software applications. What function of management is Nadine focusing on?

Staffing

Which of the following is the first step of effective managerial planning:

Use a systematic approach to establish objectives

Which of the following is the most effective mission statement:

We create happiness by providing the finest in entertainment for people of all ages, everywhere.

An important part of employee compensation is the

benefit package

Which of the following is an ethical issue that a business manager might encounter:

conflict of interest

Before a business takes steps to hire a new employee, it should

determine that a new employee is actually needed.

The objectives that managers develop for a business to attain are also intended to serve as operating

guidelines

In which section of the business plan would you find an examination of competitors' activities?

market analysis

Six Sigma is a popular quality-management

methodology

None of the other managerial functions can be carried out effectively without staffing because

staffing supplies the human resources needed for management.

The cost of employing product inspectors is a(n) __________ cost.

appraisal

Before a business owner decides to hire a new employee, s/he must first

consider the demand for the business's product

An organization will likely consider its purpose for existing when developing an appropriate human resources management strategy. This purpose is referred to as the organization's

mission

When the owner of a small company conducts an organizational SWOT analysis, it is important for him/her to

obtain input from employees

Which of the following should a business consider when developing a project plan to help control costs:

potential problems

During what phase of the project does the project manager release the project's equipment, supplies, and team members?

Closing

In what way can a start-up business benefit from writing a business plan?

Define managers' roles

In which way can a start-up business benefit from writing a business plan?

Define managers' roles

At Company ABC, managers believe that an onsite gym, monthly office parties, and break rooms that include darts and foosball tables are essential to worker productivity. The managers are using the __________ theory.

behavioral management

An organization's "personality" is also referred to as its

culture

A global manager is most likely to struggle to recruit and develop the right employees in a different country if s/he

doesn't understand the job market

A product that is useful and performs its job well demonstrates which of the following components of quality:

excellence

The part of the business plan that discusses where funding for specific projects will come from is called the

financial plan

One of the main reasons why a business conducts a market analysis is to

forecast sales

A SWOT analysis revealed that the Sampson Corporation's extensive training program has led to a low employee turnover rate for the company. This is an example of a(n)

internal strength

Which of the following is a potential challenge when implementing quality management:

lack of integration

Quality management is a

philosophy

Controls help managers make informed decisions by

providing evidence and facts needed for decision-making.

At Company X, employees each put together a small part as it passes them on the assembly line. Rewards are given to employees who work the fastest. Managers frequently observe employees to determine how each job can be done faster. The managers are using the __________ theory.

scientific management

A mission statement should be

short, specific, and understandable.

One of the purposes of developing a business plan before starting a new business is to

understand the risks involved