Management Module Review

What type of plan does HR assist in developing that deals with benefits and bonuses?

• Evaluation plans

• Staffing plans

• Staffing plans

• Compensation plans

Product managers often have to:

• Follow a product through its lifecycle

• Hire the right people to produce the product

• Locate the raw materials needed to productions

• Manage the actions of each of their staff members

In general, what is a business's most valuable resource?

• Buildings

• Tooling

• Employees

• Money

Which of the following is NOT a basic management task?

• Designing

• Evaluating

• Planning

• Organizing

• Leading

You manage a department with ten employees. Your boss tells you the company needs to save money, so you have to lay-off employees and make other budget cuts. What is one of the most important things you should focus on?

• Keeping the layoff news out of the newspaper.

• Maintaining your own salary level.

• Protecting the company's financial position.

• Minimizing the harm to the employees.

A primary goal of quality assurance and control programs is to:

• Let customers know about the high quality

• Make sure products meet the company standards

• Beat the competition's product quality

• Have the best product prices

You found a huge error in a report that is going to the president of the company shortly. You know who created the problem. What should you do?

• Ask your manager to solve the problem.

• Determine the financial impact before taking action.

• Report the person who caused the problem.

• Solve the problem without assigning blame.

Which is an advantage of a matrix organization?

• Makes it harder to expand the organization

• Can increase employee motivation and satisfaction

• Allows organizations to be more self-sustaining

• Provides more opportunities for advancement

An example of a long-term plan would be

• opening a new location

• winning a sporting event.

• doing inventory

An example of a short-term plan would be

• Being named the top employer in the region.

• Hiring staff to support the holiday rush.

• Graduating from college.