Business Management -CHAPTER 1 Review

Front

True/False. There are a number of activities that must be performed by all managers no matter what the type or size of the company.

Back

True

Front

True/False. The primary work of all managers can be grouped within four functions: planning, organizing, implementing, and budgeting.

Back

False

Front

True/False. A manager who spends most of the time on one management function or is responsible for a specific part of the company's operations is known as a middle manager.

Back

True

Front

True/False. Middle managers spend most of their management time leading and monitoring results of their work team.

Back

False

Front

True/False. All managers perform some of the same activities.

Back

True

Front

The process of accomplishing the goals of an organization through the effective use of people and other resources is

Back

management

Front

The function being performed when a manager is determining how plans can be accomplished most effectively is

Back

organizing

Front

Analyzing information and making decisions about what needs to be done is the management function known as

Back

planning

Front

People in the first (or beginning) level of management in a company are known as

Back

supervisors

Front

In today's economy, which types of businesses require management? Options: small, part-time businesses, large global corporations, new entrepreneurial ventures, all of the above

Back

all of the above