Chapter 6: The Nature of Management

Management is the process of:

• operating a business for a large organization
• building a new business from scratch based upon creative ideas
• providing financial guidance for a business
• achieving organizations's objectives by using its resources effectively and efficiently

If a manager is concerned about doing the work with the least cost and waste possible, then his or her primary managerial concern is:

• efficiency.
• effectiveness.
• delegation.
• hiring.

If a manager is analyzing several methods for obtaining funding (money) to expand operations, he or she is concerned about the _____ of the company.

• human resources
• intangible resources
• natural resources
• financial resources

Determining an organization's objectives and deciding how to accomplish them, a management function, is known as:

• planning.
• staffing.
• organizing.
• directing.

A declaration of an organization's fundamental purpose and basic philosophy is known as a(n):

• protocol.
• mission statement.
• referendum.
• agenda.

Tactical plans usually cover a period of:

• one year or less.
• one week or less.
• five years or more.
• three years.

_____ are very short-term plans that specify what actions individuals, work groups, or departments need to accomplish in order to achieve an organization's tactical plan and ultimately the strategic plan.

• Crisis Management plans
• Strategic plans
• Tactical plans
• Operational plans

The top management of Dusk Automobiles Inc. has decided that the company's objective for the next two years will be to expand the overall business internationally. This is an example of _____.

• functional planning
• tactical planning
• strategic planning
• operational planning

Bigbag.com, a leading online retailer, uses the services of Data Safe Inc., a small startup that helps companies manage and keep their electronic data safe. This helps Bigbag.com keep a backup of its proprietary information in case of virus attacks or any sort of damage to property. This is an example of _____.

• operational plan.
• strategic plan.
• tactical plan.
• crisis management plan.

Maria and Harold have just finished interviewing four candidates for a job position in Jackson Office Supplies Inc., a large company based in Houston. In which of the following management functions are Maria and Harold involved?

• Planning
• Staffing
• Organizing
• Directing