Test Bank for Karakowsky and Guriel, The Context of Business. Questions and Answers

1) Managing includes the process of planning, organization, leading and controlling
organizational resources in the effort to achieve organizational goals.
a. True
b. False

Answer: a
Diff: 1
Type: TF
Page Reference: 82
Skill: recall
Objective: LO1

2) Resource Allocator roles are typically ceremonial or symbolic in nature. For example,
in the role of a figurehead, the supervisor might hand out "employee of the month"
awards at a company banquet.
a. True
b. False

Answer: b
Diff: 2
Type: TF
Page Reference: 83
Skill: recall
Objective: LO1

3) The Industrial Revolution, as the name implies, was a major transformation in work
processes that began in the 20th century with the replacement of hand production by
machine and factory production.
a. True
b. False

Answer: b
Diff: 1
Type: TF
Page Reference: 89
Skill: recall
Objective: LO2

4) Taylor stated the fundamental objective of management: "Securing the maximum
effort for the employer coupled with the maximum prosperity for each employee."

Test Bank for Karakowsky and Guriel, The Context of Business, 1e
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