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Business Essentials (9th Edition) - Chapter 5 - Test Bank $9.99   Add to cart

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Business Essentials (9th Edition) - Chapter 5 - Test Bank

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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.

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  • February 27, 2023
  • 64
  • 2022/2023
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1. Business strategy focuses on improving the company's competitive position.


*A) True
B) False


2. Contingency planning seeks to identify how a company will respond to change.


*A) True
B) False


3. When a sales manager compares actual sales to the quarterly sales quota, she
is performing the controlling function of management.


*A) True
B) False


4. The first step in the control process is to compare actual performance to
standards.


A) True
*B) False


5. Operations managers are responsible for production, inventory, and quality
control.


*A) True
B) False



1

,6. Information managers are responsible for getting products from producers to
consumers.


A) True
*B) False


7. The last step in the decision-making process is the selection of the best
alternative.


A) True
*B) False


8. Changes in technology will result in a decrease in the amount of information
that managers will use to make decisions.


A) True
*B) False


9. The starting point in effective management is setting goals.


*A) True
B) False


10. Goal setting helps managers assess performance.


*A) True
B) False



2

,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



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