Business

Primary stakeholder

......stakeholders are those who have a formal official, or contractual relationship with the organization

Problem

A PROBLEM is a situation where some aspect of organizational performance is less than desirable.

true

A disadvantage of specialization is that the jobholders might find little challenge in their work and, as a consequence, may lose interest in their job

true

A two dimensional grid that compares the strategic positions of each of an organizations businesses is referred as a strategic decision making matrix

false

Advantages of specializations are low skill variety, low task identity, and low task significance

false

Although planning is helpful, many companies are very successful without planing

true

An organization is a group of individuals who work together toward common goals

a problem

As a new business owner, lee is often confronted with situations within his organization that are than desirable in terms of successfully running his business. This type of situation is referred to as

true

Before planning can take place, the situation must be analyzed and understood

Planning

Before she could approach a venture capitalist, someone who finances entrepreneurial businesses, Christina needed to determine the goals for her new business and explain how she intended to meet those goals. This part of the function is called?

false

Bureaucratic Management focuses on the productivity of the individual worker

Technological environment

Changes in TECHNOLOGICAL environment have almost forced small business owners to instal point of sale terminals to track sales and inventory, in order to remain competitive.

false

Charismatic authority is based upon a set of impersonal rules and regulations that apply to the employees

Business to society

Corporate Social Responsibility is an organizational issue concerning the obligations of ....to....

Economic

ECONOMIC Influences are illustrated by Home Depots monitoring of hurricane Floyd in 1999, and its subsequent distribution of such scarce resources as plywood and emergency generators to cities along its projected path

Resources

Economic influences relate to the availability production and distribution of RESOURCES within a society

resources

Economic influences relate to the availability production, and distribution of.........within a society

true

Effectiveness is achieved when the organizations achieves appropriate goals

false

Efficiency is defined as pursuing the appropriate goals or doing the right things

Strategic analysis

Establishing strategy and tactics necessary to achieve the mission of the organization is done during the .....phase

Circumstance

In contrast, a/an CIRCUMSTANCE is any situation that has the potential to provide additional beneficial outcomes.

true

Individuals from diverse cultural backgrounds may view certain job characteristics differently. People from some parts of the world may perceive a job with low autonomy negatively, while people from other parts of the world may view a job with low autonomy favorably

false

Information gathered during the strategic analysis stage serves as a foundation for the implementation stage

Not true

Management thinking will continue to steadfastly adhere to the basic principles of historic management though with little room for change

Efficiency

Mangers who train their workers to use the fewest inputs to generate a given level of output are focusing on

true

One of the benefits of planning is that it provides a foundation for the coordination of a broad range of organizational activities

true

Organizing includes structuring the organization to achieve its mission and organizational goals while begin responsive to the external environment

true

Organizing involves determine the tasks to be done, who will do them, and how those tasks will be managed and coordinated

false

Organizing involves setting goals and defining the actions necessary to achieve those goals

true

Planning includes setting and defining the actions necessary to achieve those goals considering the situation

false

Planning is the process of administering and corrdingating resources effectively, efficiently, and In an effort to achieve the goals of the organization

false

Scientific management focuses on the overall organizational system

true

Specialized tasks are considered. more efficient because work activities are broken down into routine repetitive actions

true

Strategic Management refers to overall, long run management, including planning, organizing, leading, and controlling effectively and efficiently over the long run

organizing

Structuring an organization to achieve organizational goals while still being responsive to the external environment is included in

true

The Four major functions of management are planning, leading, organizing and controlling.

false

The approach to business ethics the emphasizes the overall amount of good that can be produced by an action or decision is refer to as the human rights approach

False

The behavioral perspective has its roots in the ,management experiences that occurred in the rapidly expanding manufacturing environment that typified U.S. and European Industrialization

True

The behavioral perspective is the oldest forma viewpoint of management

moral agent

The concept of social responsibility rests on two premises, social contract and

False

The contingency perspective was developed at the time of and as a result of the industrial revolution in the U.S. and Europe

false

The ethnic, racial, and gender composition of todays workforce is becoming increasingly homogenous

planning, leading, organizing, and controlling

The four major functions associated with the process of management are

true

The four page process of strategic planning includes strategic analysis, strategy formulation, strategy implementation, and strategic evaluation and control

false

The four primary benefits of planning are 1. better coordination, 2. a focus on forward thinking, 3. a human relations perspective, and 4 more effective control systems

true

The four primary benefits of planning are 1. planning provides a road map for the organization 2. planning provides coordination for a broad range of organizational activities 3. planning forces managers to look to the future and 4. planning lays the foundation for evaluation and control of processes and process within the organization

True

The four stage process of strategic planning includes strategic analysis, strategy formulation, strategy implementation, and strategic evaluation and control.

true

The main limitation on using the human rights approach as a basis for ethical decision making is the difficulty of balancing conflicting human rights

False

The media, social interest group and consumer groups are all considered primary stakeholder

false

The overall focus of planning should be on identifying potential organizational problems

true

The primary stakeholder of a firm are those who have a formal, official, or contractual relationship with the organization

Decision making

The process by which managers identify and resolve problems and capitalize on opportunities is referred to as

Organizing

The process of determining the tasks to be done, who will do them, and how those tasks will be managed and coordinated is referred to as

internal analysis

The purpose of a/an INTERNAL ANALYSIS is to identify assets, resources, skills, and processes that represent either strengths and weaknesses of an organization

Strategic analysis

The stage of the strategic planning process that asks the question. "what is the current position of our organization?" refers to as

true

The strategic implementation phase involves doing the things necessary to ensure that the strategy of the organization is achieved effectively and efficiently

False

The strategy formulation phase of the strategic planning process addresses the question, "what is the current position of the organization ?

false

The strategy formulation phase of the strategic planning process addresses the question, "what is the current position of the organization?"

stakeholder

The traditional view of socially responsible behavior considers only the stockholders. Contemporary theory recognizes as much broader group of constituents is referred to as

true

The utility approach to business ethics emphasizes the overall amount of good that can be produced by an action or a decision

General

Top Managers, using their conceptual skills, spend a considerable amount of their time monitoring changes in the economic, technological, socio- cultural, and political-legal factors in their environment. These factors are part of the GENERAL environment

false

Traditional authority is based upon a set of impersonal rules and regulations that apply to ask employees

true

Two important areas for strategic decision making are strategy selection and evolution of portfolios

Efficiency

When ABC manufacturing reduced the scarp rate from 12 percent to 4 percent, the CEO praised the workers for their increased

true

When applying the justice approach to business ethics, decisions are based on an equitable, fair, and impartial distribution of benefits and cost among individuals and groups

true

While the level of sophistication and formality of the strategic planning process itself should be similar across all organizations

true

While the level of sophistication and formality of the strategic planning process will differ among organizations, the process itself should be similar across all organizations

true

a plan is a blueprint for action that prescribes the activities necessary for the organization to realize its goals

false

administrative management focuses on the overall organizational system

organizing

assigning authority and responsibility for decisions to a specific workgroup is part of

strategic analysis

information gathered during .......serves as a foundation for the formulation of the organizations strategic plan

false

information gathered during the strategic analysis stage serves as a foundation for the implementation stage

Decision making

is the process by which managers identify and resolve problems and capitalize on opportunities

Job design

refers to grouping together the set of tasks and activities that define a particular job

false

secondary stakeholder are those individuals or organization that have a formal, official, or contractual relationship with the organization

false

stakeholder is simply another word for stockholder

true

stakeholders are all those who are affected by or can affect the activities of the firm

Moral agent

the concept of social responsibility rests on two premises, social contract and

Organizing

the student government president at your college must often determine what projects/ programs the association would like to accomplish during his/her administration . The president must then decide who will do these tasks and how they will be managed and coordinated. The president in this situation is practicing which of the functions of management ?

False, its called

using the fewest inputs to generate a given output is called effectiveness

recycling

what factor can influence management thought

Social

what influences related to the aspects of a culture that influence interpersonal relationship

Social

work stoppages and strike are examples of ....... phenomena that have influenced management thought