general business data bank

general business data bank

Question
	
26. "Cost competitiveness" means pricing
your products lower than all competitors' products. 

True False



 















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27. Managing for competitive advantage includes
delivering innovation, quality, service, speed, and cost competitiveness. 

True False



 



28. Management is the process of working with people
and resources to make profit at all costs. 

True False






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29. To be efficient is to achieve organizational
goals. To be effective is to achieve goals with minimum waste of
resources. 

True False



 



30. Efficiency is far more important than
effectiveness in today's competitive environment. 

True False



 







31. The four traditional functions of management
include planning, organizing, leading and service. 

True False



 



32. The planning function can be described as
delivering strategic value. 

True False



 



33. Planning today is always a top-down function in
which top executives establish business plans and tell others to implement
them. 

True False



 



34. Value is "strategic" when it contributes
to meeting the organization's goals. 

True False



 



35. Organizing is assembling and coordinating the
resources needed to achieve goals. 

True False



 



36. In the future, organizing will include creating an
organization chart and having a personnel department that administers plans,
programs, and paperwork. 

True False



 



37. Leading is taking care of all of the
organizational items that occur so that your department moves forward. 

True False



 



38. Controlling monitors performance and implements
necessary changes. 

True False



 







39. To become an effective manager you should choose
one or two of the four management functions and become expert in only those. An
outstanding manager only needs to be proficient in one or two of the functions
as he or she can hire others to do the remaining functions. 

True False



 



40. Top managers are also called tactical managers
since they must translate the general goals into specific objectives and
activities. 

True False



 



41. Frontline managers often have titles such as
supervisor or sales manager. 

True False



 



42. The need for interpersonal and communication
skills fades as a manager moves from the lower levels of an organization into
the upper management arena. 

True False



 



43. As managers rise through an organization, they
will probably rely less on their technical skills. 

True False



 



44. Interpersonal skills are most important early in
your career, whereas technical skills are important as you rise higher in the
company. 

True False



 



45. Being a manager is more like being the conductor
of an orchestra than playing an instrument in it. 

True False



 







46. In today's work environment, one should only focus
on becoming a specialist, since jobs are becoming so specialized. 

True False



 



47. Emotional intelligence involves the skills of
understanding yourself, managing yourself and dealing effectively with
others. 

True False



 



48. Social capital is the goodwill stemming from your
social relationships. 

True False



 



49. In managing your career, it is important to know
that now, more than ever individuals will be accountable for their actions and
for results. 

True False