QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS
GRADED A++
In today's business environment, the general trend has been toward developing
long term relationships between workers and employers.
False
Every business has scarce resources
true
Planning is one of the four key functions of management
True
Financing is one of the four key functions of management
False
Four key functions of management
Planning
Organizing
Leading Controlling
Planning
setting goals
strategies to reach theses goals
determining resources needed
setting standards
, Organizing
allocation of resources, assigning tasks
-preparing structure, #authority
Leading
#guiding #motivating
#assigning #explining
Controlling
#measuring_results
#monitoring
#rewarding
#correcting
Beth has spent the last two hours going over some consumer surveys to see how
well her company is achieving its goal. Her efforts are examples of the controlling
function
True
Astro is a no-nonsense boss who believes that the best way for an organization
to achieve its goals is for workers to follow
their boss' orders. Thus, he tells workers exactly what to do and how to do it.
Astro's approach is an example of directing.
True
A vision is the overall explanation of why an organization exists and where it is
trying to head
Truw