Chapter 7 Management & Leadership Review

An entrepreneur who starts a new business is not considered to be a manager.

• True

• False

Executives are the top-level of management in a business.

• True

• False

Any employee who plans and organizes his/her work is a manager.

• True

• False

Managers are responsible for the success or failures of businesses and organizations.

• True

• False

Research has proven that effective leaders are born and not made.

• True

• False

Good managers understand that they cannot treat all employees alike.

• True

• False

Success or failure is not just determined by financial results, such as sales, profits, or losses. It is also determined by the action and activities of the business.

• True

• False

Managers are responsible for the ethical actions of a business.

• True

• False

Ethical behavior involves all employees, not just the company's executives or managers.

• True

• False

Which of the following is NOT one of the five functions of management?

• planning

• implementing

• producing

• controlling