The Role of Management

According to the text, what are the resources every business needs to be successful?

• Management, Vision, Direction

• Materials, Technology, Money

• Vision, Inspiration, Leadership

• Employees, Customers, Products

What is Management?

• The process of socializing within an organization

• The act of achieving the goals of an organization through planning, organizing, leading, and controlling organizational resources

• A method of evaluating employee performance

• The financial accounting of an organization's assets

Which of the following are considered organizational resources in the context of management?

• Ideas, energy, and patents

• People, money, and time

• Products, marketing strategies, and customer feedback

• Technology, business plans, and office space

Are the demands and requirements placed on the CEO of Facebook the same as those placed on the manager of a local Chipotle restaurant?

• Yes, they are the same

• No, they are significantly different

• Yes, because both are managerial jobs

• No, because the CEO of Facebook has a lower position

What is the second level of management in most companies?

• Top Management

• Middle Management

• First-line (Supervisory) Management

• Operational Management

Which level of management is directly responsible for supervising the workforce in most companies?

• Top Management

• Middle Management

• First-line (Supervisory) Management

• Human Resources Management

What are the responsibilities of top management?

• Hiring and firing employees

• Setting the overall direction for the company, articulating a vision, establishing priorities, and allocating resources

• Managing day-to-day operations

• Providing customer support

Which of the following is a typical title for top managers?

• Supervisor

• Chief Executive Officer (CEO)

• Team Leader

• Department Head

What is one of the major responsibilities of top managers according to the learning material?

• Implementing daily operations

• Creating a context for change

• Managing company finances

• Overseeing employee training

What is the primary contribution of middle managers?

• Managing the company's finances

• Coordinating teams and special projects with peers from other departments

• Supervising entry-level employees only

• Reporting to lower-level managers