IM (U1): LAP-SM-003 B

Which of the following are examples of top-level management job titles:

• Floor supervisor, area supervisor, and section manager

• President, senior vice president, and chief executive officer

• Collections supervisor, crew chief, and production supervisor

• District manager, department head, and regional sales manager

Why do top-level managers usually receive high salaries?

• Their decisions affect the entire company

• They are required to attend a great many meetings

• They have more experience than others in the company

• Their responsibilities involve hands-on supervision

Which of the following are examples of middle-management job titles:

• Floor supervisor, area supervisor, and section manager

• President, senior vice president, and chief executive officer

• Collections supervisor, crew chief, and production supervisor

• District manager, department head, and regional sales manager

Which of the following is an important function of mid-level management:

• To prepare workers' daily schedules

• To serve as a link between top-level and first-line management

• To make sure projects meet deadlines

• To establish long-term objectives for the company

Which of the following are examples of first-line management job titles:

• President, senior vice president, and chief executive officer

• Collections supervisor, crew chief, and production supervisor

• Company vice president, department head, and regional sales manager

• Senior vice president, chief financial officer, and regional vice president

Which of the following statements about first-line management is true:

• First-line managers are not responsible for carrying out middle management's plans

• First-line managers never work side-by-side with their employees

• Businesses typically hire their first-line managers from inside the company

• There are normally fewer first-line managers than middle or top-level managers

Which of the following do many businesses believe to be their most important resource:

• Employees

• Office supplies

• Equipment

• Sales revenue

Why do all businesses need financial resources?

• To negotiate bank loans

• To develop cash budgets

• To pay operating expenses

• To manage investment accounts

Who is normally responsible for purchasing the proper material resources for workers to use in doing their jobs?

• Middle managers

• First-line workers

• Supervisory managers

• Top-level managers

A manager studies the business’s previous sales statistics as well as the sales forecast before making purchasing decisions. What type of resource is the manager using?

• Material

• Financial

• Human

• Information