Bus Mgmt Chapters 1-3

Front

Is the business environment a major factor in developing a management strategy?

Back

True

Front

Business competition is the rivalry among companies for customers.

Back

True

Front

Vacations and sick days were common during the Industrial Revolution.

Back

False

Front

Managers complete the management functions and have authority over other jobs and people.

Back

True

Front

Many employees of a business complete tasks similar to management activities.

Back

True

Front

Managers are responsible for the success or failure of a company.

Back

True

Front

An experienced employee who is given the responsibility to be the leader of a group is classified as a manager.

Back

False

Front

Supervisors spend all of their time on management activities.

Back

False

Front

The percentage of U.S. workers over the age of 55 is expected to rise between now and 2050.

Back

True

Front

Employees benefit from understanding management principles even if the employee decides not to go into management.

Back

True