Test Bank for Essentials Of Contemporary Management, 8th Canadian Edition by Gareth R. Jones

Chapter 01 - 8ce

Complete Chapters Included ✅
1. Award: 10.00 points




Effective managers continually try to improve the performance of their companies.


 True

 False




References


True / False Difficulty: Easy Learning Objective: 01-01 Describe what
management is, what managers do, and
how managers use resources to achieve
organizational goals.



2. Award: 10.00 points



The social economy is made up of social enterprises, social ventures, and social purpose
businesses.


 True

 False




References


True / False Difficulty: Easy Learning Objective: 01-01 Describe what
management is, what managers do, and
how managers use resources to achieve
organizational goals.

,3. Award: 10.00 points




Management is the process of planning, organizing, leading, and controlling of resources to achieve
goals effectively and efficiently.


 True

 False




References


True / False Difficulty: Easy Learning Objective: 01-01 Describe what
management is, what managers do, and
how managers use resources to achieve
organizational goals.



4. Award: 10.00 points




Blended value refers to the convergence of corporate profits with profits from charitable
organizations.


 True

 False




References


True / False Difficulty: Hard Learning Objective: 01-01 Describe what
management is, what managers do, and
how managers use resources to achieve
organizational goals.

,5. Award: 10.00 points



One of the most important goals of organizations is to provide goods and services that customers
value.


 True

 False




References


True / False Difficulty: Easy Learning Objective: 01-01 Describe what
management is, what managers do, and
how managers use resources to achieve
organizational goals.



6. Award: 10.00 points



A measure of how efficiently and effectively a manager uses resources to achieve a goal or satisfy
customers is known as organizational performance.


 True

 False




References


True / False Difficulty: Medium Learning Objective: 01-01 Describe what
management is, what managers do, and
how managers use resources to achieve
organizational goals.

, 7. Award: 10.00 points




The result of low efficiency and high effectiveness might be a product that customers want, but is
too expensive for them to buy.


 True

 False




References


True / False Difficulty: Hard Learning Objective: 01-01 Describe what
management is, what managers do, and
how managers use resources to achieve
organizational goals.



8. Award: 10.00 points




An example of high efficiency and high effectiveness is when a manager produces a high-quality
product that customers do not want to buy.


 True

 False




References


True / False Difficulty: Hard Learning Objective: 01-01 Describe what
management is, what managers do, and
how managers use resources to achieve
organizational goals.