Chapter 7: Management and Leadership

The revolution in management that is currently underway suggests that the most effective managers of the future will:

• be very strict in their treatment of workers.

• emphasize individual initiative rather than teamwork.

• specialize in performing one of the four management functions.

• emphasize team work

There is a growing number of women in the management field.

• True

• False

The function of management that includes setting up organizational goals.

• Planning

• Leading

• Organizing

• Controlling

The function of management that includes recruiting, selecting, training and developing employees.

• Planning

• Leading

• Organizing

• Controlling

The function of management that includes measuring results against corporate objectives.

• Planning

• Leading

• Organizing

• Controlling

The function of management that includes giving assignments and explaining routines.

• Planning

• Leading

• Organizing

• Controlling

Google states their company's philosophy as, "To organize the world's information and make it universally accessible and useful." This is an example of a company's __________.

• Goals

• Mission Statement

• Objective

• Ethics Code

When a firm makes use of the SWOT analysis, one of its objectives is to:

• identify the best employees to fill each position within the organization.

• set specific short-term performance standards for each department.

• evaluate the desirability of issuing stocks or bonds in the current financial climate.

• identify the things it does well as an organization and the things it needs to improve.

The executive level officer who is in charge of obtaining funds, planning budgets, collecting funds, etc.

• Chief Executive Officer (CEO)

• Chief Operating Officer (COO)

• Chief Financial Officer (CFO)

• Chief Information Officer (CIO)

The executive level officer who is in charge of overseeing the entire company and introducing change into an organization.

• Chief Executive Officer (CEO)

• Chief Operating Officer (COO)

• Chief Financial Officer (CFO)

• Chief Information Officer (CIO)