Chapter 6, 7,8, 9

Question 1

Decision makers in organizations exhibit values and create practices and policies which are a result of ________beliefs held by these individuals.

Answer 1

Ethical

Question 2

Employees compelled to report a significant wrongdoing by their employer are protected by:

Answer 2

Whistleblower protection laws

Question 3

A new company will be formed by combining Company A with the Company B. This type of business combination is known as a(n):

Answer 3

merger

Question 4

18. One trait of successful entrepreneurs is that they are good at

Answer 4

Perceiving new business opportunities.

Changing the company image through marketing

Question 5

19. A business plan is like a map of how you will run your business successfully. It will include:

Answer 5

how you will run your business

Question 6

20. Coordinating activities, supervising employees, and participating in day-to-day operations are typical activities of:

Answer 6

C. First Line Managers

Question 7

21. Top-level managers must scan the broad environment for opportunities and thus must possess:

Answer 7

A. conceptual skills
Conceptual skills in management are the ability to see the big picture and understand complex ideas and perspectives.

Question 8

22. Contingency planning:

Answer 8

C. develops alternative courses of action in case anticipated change occurs.

Question 9

23. A method to review an organization’s strengths, weaknesses, opportunities, and threats is called:

Answer 9

C. SWOT analysis.

Question 10

24. Measuring performance against an established metric is a primary benefit of which management function?

Answer 10

B. Controlling
The four basic functions of management are planning, organizing, leading, and controlling