Chapter 7 Management and Leadership

Managers in progressive organizations tend to emphasize teamwork and cooperation rather than discipline and giving orders.

• True

• False

Financing is one of the four key functions of management.

• True

• False

Progressive managers consider planning to be of little importance in today's rapidly changing business environment.

• True

• False

Goals are broad, long-term accomplishments an organization wants to achieve.

• True

• False

PMI is a problem-solving technique that involves listing pluses, minuses and implications.

• True

• False

The management function concerned with anticipating future trends and determining the best strategies to achieve an organization's goals and objectives is known as:

• directing

• leadership

• planning

• forecasting

__________ planning determines the major goals of an organization and lays the foundation for obtaining and using resources to achieve those goals.

• Strategic

• Contigency

• Central

• Tactical

__________ is choosing among two or more alternatives.

• Contingency planning

• Decision making

• Organizational selection

• Utility analysis

Which of the following management positions is responsible for getting the right information to other managers to enable them to make better decisions?

• Chief Executive Officer (CEO)

• Chief Financial Officer (CFO)

• Chief Planning Officer (CPO)

• Chief Information Officer (CIO)

Which of the following persons is most likely to be involved in strategic planning?

• chief executive officer

• electrical shop supervisor

• budget analyst

• advertising manager