Strategic Management-1

Which term best describes the process of obtaining, deploying, and utilizing a variety of essential resources to contribute to an organization’s success?

• Planning

• Organizing

• Staffing

• Management

Which title is given to an individual who is in charge of and coordinates the activities of a group of employees engaged in related activities within a unit of an organization?

• Manager

• Employee

• Vender

• Contractor

Which management function involves setting goals and objectives and creating specific plans for completing them?

• Planning

• Organizing

• Controlling

• Leading

Which level of management is responsible for establishing a vision for the organization, developing broad plans and strategies, and directing subordinate managers?

• First level managers

• Middle managers

• Executive managers

• Second level managers

Which level of management is responsible for implementing programs that are intended to carry out the broader objectives of an organization set by executives?

• Supervisory managers

• Middle managers

• First level managers

• Chief financial managers

Which management principle states that each individual should report to only one boss in order to avoid conflict and/ or confusion?

• Division of command

• Chain of command

• Unity of direction

• Unity of command

Which management principle states that orders and instructions should flow down from top to bottom or from a higher level manager to a lower one?

• Division of work

• Chain of command

• Unity of direction

• Unity of command

A manager who possesses knowledge of the processes, equipment, and potential problems of an industry would possess what type of managerial skill?

• Technical

• Administrative

• Interpersonal

• Organizational

The ability of a manager to interface and work effectively with individuals and groups is descriptive of what type of managerial skill?

• Technical

• Administrative

• Interpersonal

• Organizational

By exceeding the monthly marketing budget set for a company, a manager would fail to meet which type of performance measure?

• Quantity

• Quality and workmanship

• Cost and budget control

• Customer satisfaction