Business Management Concepts and Applications

Front

A company that has a high level of efficiency and effectiveness is most likely to produce a

Back

quality product customers want and at a price they can afford

Front

A company with a high level of efficiency and a low level of effectiveness is most likely to produce a

Back

high-quality product that customers do not want

Front

A(n) _______ is a collection of people who work together and coordinate their actions to achieve a wide variety of goals.

Back

organization

Front

Alison, vice president of Taco House, reviews the performance of her company over the last quarter to determine whether it is meeting the planned sales and profitability goals. In this instance, which managerial task is she performing?

Back

controlling

Front

Art Place makes and sells paintings, sculptures, and small craft items. Its products meet consumer needs, but they are often too expensive to buy. What is most likely to be true about the company?

Back

its product manager achieves company goals but uses resources inadequately

Front

As a middle manager, Jobeth selects the goals for her team. The task that Jobeth is demonstrating is called leading.

Back

false

Front

Controlling is the managerial task that involves

Back

taking any corrective actions needed to maintain or improve performance

Front

David, a manager at City Fish Shack, monitors the performance of workers in his department to see if the quality of their work is meeting the performance standards of the company. In doing so, which managerial task is David performing?

Back

controlling

Front

Dorcal, Inc. manufactures plastic components. The company has a low level of efficiency and low level of effectiveness, which means it is most likely to produce a

Back

low-quality product that customers do not want

Front

First-line managers usually are

Back

in all departments or functions of an organization