Management Roles, Functions, and Skills

Management is the process of planning, organizing, leading, and controlling to meet organizational goals.

• TRUE

• FALSE

High-level managers rely heavily on subordinates to collect, analyze, and summarize information.

• TRUE

• FALSE

Setting the prices of new products is a fairly routine decision that managers make.

• TRUE

• FALSE

Selecting an individual for employment from a pool of job applicants is an example of an interpersonal role of management.

• TRUE

• FALSE

A mission statement is a statement of the operational goals of the organization

• TRUE

• FALSE

A vision statement is a brief description of a company's present status in the market.

• TRUE

• FALSE

A value statement does not establish expectations for an organization's employees.

• TRUE

• FALSE

Strengths and weaknesses are internal factors that contribute to a company's success or failure.

• TRUE

• FALSE

An economic slowdown is viewed as a weakness in the SWOT analysis of a firm.

• TRUE

• FALSE

Qualitative managerial forecasts involve historical data and complex statistical computations.

• TRUE

• FALSE