FINAL BUSINESS 101 ACTUAL EXAM
QUESTIONS WITH VERIFIED SOLUTIONS
When managers evaluate a decision and determine that it is not meeting the goals of the
organization, the decision-making process may become cyclical.
TRUE
Almost all businesses are organized the same way, in a vertical, hierarchical structure.
False
The control system that helps measure the plans an organization sets in place to carry out
its goals and objectives of the organization generally forms a cycle.
True
Ensuring that meetings have a clear agenda can help with time management.
True
Web-based tools like Meeting Wizard can help with time management.
True
Managers do not need to be comfortable with technology because they can delegate those
tasks to their information technology (IT) staff.
FALSE
The skills of a manager and the process a manager goes through will be entirely different if
the organization is a simple working group instead of a multibillion-dollar company.
False
________ are broad, long-term accomplishments an organization wants to achieve and
________ are short-term targets designed to help achieve them.
Goals; objectives
An organization where power is distributed and employees work in groups or teams is a
________ organization.
horizontal
Only for-profit companies use mission statements.
False
Once long-term goals and objectives have been determined, middle management generates
________.
,tactical plans
Which is NOT a primary function of management?
marketing
A mission statement identifies what a business wants to be in the future.
False
When is the annual budget for an organization developed?
during tactical planning
________ reflect the personality of a company.
Mission statements
A ________ is a graph that displays the values of two variables to see if there is a
relationship between the variables.
scatterplot
Organizational structure depends on a variety of factors NOT including ________.
the location(s) of business operations
Tactical plans are made with a six-month to one-year horizon in mind.
False
Despite their benefits, traditional pyramidal management has been criticized as being
________.
inflexible
If a computer virus spreads rapidly through a company's computer system and threatens
to shut down all internal and external lines of communication, the company will likely put
a(n) ________ into effect.
contingency plan
At what stage in the decision-making process would managers be most likely to seek
customer or market opinion?
when choosing the best plan of action
The specifics of carrying out tactical plans are ________.
operational plans
Which of the following processes BEST describes how managers identify unseen problems?
analyzing data and searching for trends
, Xerox maintains a flat organizational structure organized by product category and by
region.
TRUE
The BEST way to describe the conceptual skills that a good manager must develop is to
state that these skills must include understanding the relationships between ________.
the different parts of the organization
Diane Pollock was recently promoted to middle management based on her excellent
interpersonal skills. These skills help her because one of the primary roles of a middle
manager is to ________.
act as a liaison among different groups in the company
In an organizational chart for a company, training will generally fall under what division?
human resources
Once a company's vision and mission statement have been articulated, management must
assess a company's SWOT, which stands for ________.
strengths, weaknesses, opportunities, and threats
Reebok only designs and markets its products. The company does not actually produce any
products. This is an example of a ________.
network organization
What represents the highest level of planning in an organization?
strategic planning
A vision statement is a current description of an organization's purpose, basic goals, and
philosophies.
False
When Boeing recently produced its latest airplane, the Boeing 787, parts of the plane were
manufactured by a firm in Italy, other parts were manufactured by a firm in Wichita,
Kansas, and all of the elements of the plane were shipped to Everett, Washington, where
the final assembly was completed. This is an example of a ________ organization.
network
A(n) ________ organization consolidates decision making in the hands of a few people.
vertical
There are several steps that are crucial to effective time management. Which of the
following steps will NOT improve the productivity of a business?
QUESTIONS WITH VERIFIED SOLUTIONS
When managers evaluate a decision and determine that it is not meeting the goals of the
organization, the decision-making process may become cyclical.
TRUE
Almost all businesses are organized the same way, in a vertical, hierarchical structure.
False
The control system that helps measure the plans an organization sets in place to carry out
its goals and objectives of the organization generally forms a cycle.
True
Ensuring that meetings have a clear agenda can help with time management.
True
Web-based tools like Meeting Wizard can help with time management.
True
Managers do not need to be comfortable with technology because they can delegate those
tasks to their information technology (IT) staff.
FALSE
The skills of a manager and the process a manager goes through will be entirely different if
the organization is a simple working group instead of a multibillion-dollar company.
False
________ are broad, long-term accomplishments an organization wants to achieve and
________ are short-term targets designed to help achieve them.
Goals; objectives
An organization where power is distributed and employees work in groups or teams is a
________ organization.
horizontal
Only for-profit companies use mission statements.
False
Once long-term goals and objectives have been determined, middle management generates
________.
,tactical plans
Which is NOT a primary function of management?
marketing
A mission statement identifies what a business wants to be in the future.
False
When is the annual budget for an organization developed?
during tactical planning
________ reflect the personality of a company.
Mission statements
A ________ is a graph that displays the values of two variables to see if there is a
relationship between the variables.
scatterplot
Organizational structure depends on a variety of factors NOT including ________.
the location(s) of business operations
Tactical plans are made with a six-month to one-year horizon in mind.
False
Despite their benefits, traditional pyramidal management has been criticized as being
________.
inflexible
If a computer virus spreads rapidly through a company's computer system and threatens
to shut down all internal and external lines of communication, the company will likely put
a(n) ________ into effect.
contingency plan
At what stage in the decision-making process would managers be most likely to seek
customer or market opinion?
when choosing the best plan of action
The specifics of carrying out tactical plans are ________.
operational plans
Which of the following processes BEST describes how managers identify unseen problems?
analyzing data and searching for trends
, Xerox maintains a flat organizational structure organized by product category and by
region.
TRUE
The BEST way to describe the conceptual skills that a good manager must develop is to
state that these skills must include understanding the relationships between ________.
the different parts of the organization
Diane Pollock was recently promoted to middle management based on her excellent
interpersonal skills. These skills help her because one of the primary roles of a middle
manager is to ________.
act as a liaison among different groups in the company
In an organizational chart for a company, training will generally fall under what division?
human resources
Once a company's vision and mission statement have been articulated, management must
assess a company's SWOT, which stands for ________.
strengths, weaknesses, opportunities, and threats
Reebok only designs and markets its products. The company does not actually produce any
products. This is an example of a ________.
network organization
What represents the highest level of planning in an organization?
strategic planning
A vision statement is a current description of an organization's purpose, basic goals, and
philosophies.
False
When Boeing recently produced its latest airplane, the Boeing 787, parts of the plane were
manufactured by a firm in Italy, other parts were manufactured by a firm in Wichita,
Kansas, and all of the elements of the plane were shipped to Everett, Washington, where
the final assembly was completed. This is an example of a ________ organization.
network
A(n) ________ organization consolidates decision making in the hands of a few people.
vertical
There are several steps that are crucial to effective time management. Which of the
following steps will NOT improve the productivity of a business?
