Business Essentials (9th Edition) - Chapter 5 - Test Bank
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Course
UNR1302 (UNR1302)
Institution
AAST
Book
Business Essentials
Fundamentals of Business UNR1302 is a course in AASTMT.
The textbook is Business Essentials (9th Edition).
This is Chapter 5 from the test bank of the book.
,11. Long-term goals are derived directly from a firm's mission statement.
*A) True
B) False
12. Doubling the number of merchants participating in a sales program over the
next 10 years is an example of a long-term goal.
*A) True
B) False
13. Increasing sales by 4 percent in the next six months would be an example of
an intermediate goal.
A) True
*B) False
14. When IBM analyzes its internal strengths and weaknesses, it is conducting an
organizational analysis.
*A) True
B) False
15. Corporate culture is largely a result of state and local laws and regulations.
A) True
*B) False
3
, 16. A strong corporate culture directs employees' efforts and helps everyone
work toward the same goals.
*A) True
B) False
17. It is not possible to change an organization's corporate culture.
A) True
*B) False
18. Many managers spend as much as four hours a day in meetings.
*A) True
B) False
19. The effectiveness of managers in using time can be undermined by frequent
phone calls.
*A) True
B) False
20. A firm first sets its strategies and then focuses attention on goals to
accomplish them.
A) True
*B) False
4
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