True or false Ms.Webb
When deciding how to get work accomplished, the first step for managers is to develop a budget
False
A disadvantage of a partnership that fails is that a partner can lose personal assets in addition to the amount of money invested in the business.
false
A measure of a nation's wealth is its GDP
false
According to Maslow, people must satisfy their need for esteem before social needs motivate them.
false
Because values are similar among nations, ethical problems are not likely to arise for firms involved in international business.
false
Communication is simply telling employees what to do.
false
Corporations usually have a tax advantage over partnerships.
false
Demand is represented by wanting an expensive leather jacket without having the money to buy it.
false
Each stockholder has only one vote regardless of the number of shares owned.
false
Effectiveness of a work team is the responsibility of team members; managers cannot influence its success.
false
Goals should be stated in broad, nonspecific language to make them easier to reach. 1/1
false
Inflation increases the purchasing power of money.
false
Innovations rarely affect business operations
false
Leaders can be effective without good human relations skills.
false
More managers are usually needed when workers are empowered.
false
New businesses almost always fail for purely financial reasons
false
The 1945-1965 high birth rate period is referred to as the baby bust period.
false
The United States has adequate resources to satisfy all the wants of all its people.
false
The invisible barrier to job advancement is known as the iron curtain syndrome.
false
The most common form of business ownership is the partnership
false
The number of manufacturing firms far exceeds the number of service firms.
false
When employees learn a variety of jobs and regularly switch jobs with others, productivity drops.
false
Wholesalers and retailers are classified as industrial types of businesses.
false
Work assignments and relationships in a matrix organization are clear but temporary.
true
Moving from the role of coworker to the role of supervisor is an easy change.
False
Most supervisors have extensive management training.
False
A problem can be considered solved on a solution has been chosen and implemented
False
Although they were once common, formal training programs for supervisors is rare
False
An organization chart is a visual device that lists the policies and procedures of a business.
False
Effective leaders are born with the necessary skills; the skills cannot be learned.
False
Effective planning is less important to the success of a business than other management functions, such as organizing, staffing, leading, and controlling.
False
Managers should make job assignments based on seniority rather than by matching the job to the needs and interests of the employee.
False
Both expert and identity power are related to effective leadership practices
True
Effective managers demonstrate commitment to the continued success of the organization
True
Listening is an important communication skill for supervisors
True
Managers should strive for consistency and objectivity in their work.
True
Managers who believe employees are lazy and work only because they get paid will provide close supervision and control.
True
Marketing research and product development research are two common areas of business research study.
True
Not every manager is currently an effective leader, but leadership skills can be developed.
True
SWOT analysis involves both internal and external investigation
True
The manager who understands the needs of employees will be a better manager.
True
The most important resource available to managers is the company's employees
True
Work rules are created in order to maintain an effective work environment
True
To form a corporation a charter is needed.
true
Unity of command requires that no employee have more than one supervisor at a time.
true
A business plan helps entrepreneurs see the risks and responsibilities involved in starting a business
true
A business that trains gang members in job-related skills is being socially responsible.
true
A cooperative provides members with both cost and profit advantages they would not have individually.
true
A corporation can make contracts, borrow money, and be sued.
true
A franchise is one method of starting a business if a person has limited business experience.
true
A measure of a nation's wealth is its GDP
true
A recent study of top managers found that finding and retaining qualified workers was more important than finance, technology, product innovation, or international business
true
All leaders tend to share several common characteristics
true
An example of a schedule is the assignment of employees to specific tasks in a department and the approximate time it will take to complete each task.
true
Before a team can be effective, members must clearly understand the activities to be completed.
true
Budgets are controlling devices as well as planning devices.
true
Countries with a command economy are often dictatorships.
true
Decreased production and increased unemployment occur during recessions.
true
Economists include government as a factor of production
true
Employees who observe their managers acting unethically will often lose respect for both the manager and the business itself.
true
Ethical conduct requires doing more than the law requires
true
Financing the business is one of the responsibilities of the business owner.
true
Knowing what customers want is critical to achieving effectiveness rather than efficiency.
true
Managers can actually influence whether employees like or dislike their work.
true
Most employees like change and respond well when change is introduced.
true
Reviewing performance is part of the controlling function
true
Selling snow tires to a customer during the first snowstorm of the season is an example of providing time utility.
true
Social responsibility refers to the duty of a business to contribute to the well-being of society.
true
Staffing focuses on finding the right individuals who can perform the work.
true
Standards should be revised when it is clear they will not accurately reflect performance and when attempts to improve performance have not been successful.
true
The average profit earned by a business today is about 5 percent of total receipts.
true
The demand is low and supply is high for unskilled workers in most age groups.
true
The failure rate for non-franchised businesses is higher than the failure rate for franchised businesses.
true
The first step in an effective change process is to carefully plan for the change.
true
The primary incentive for a business to produce goods or services in the U.S. is profit.
true
The results of strategic planning are goals and strategies that guide the entire business
true
The three major elements of effective organizing are the division of work, the facilities and working conditions, and the employees.
true
The top managers in a business are involved in planning, but first-level managers such as supervisors are not.
true
To be successful, a manager must guide a business to react quickly to the changing nature of society.
true
