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, The importance of planning, organizing, leading, and controlling remains the same irrespective
of a manager's position in the managerial hierarchy.
true
false
TU
If you were a manager at an accounting firm and spent your days processing invoices and
payments and ensuring tax compliance, you would be using your technical skills.
true
false
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When Tech Innovators needed to reduce costs to meet its annual profitability goal, it reduced
levels in its hierarchy and laid off 9 percent of its workers. This is an example of restructuring.
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true
false
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A self-managed team is a group of employees who work independently but report to their
respective managers about the progress of the team’s work.
true
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false
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The building blocks of competitive advantage are efficiency, quality, innovation and flexibility,
and responsiveness to customers.
true
false
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