Chapter 5: Managing the Business​

We are ready?

• True

• False

• Manager​ is someone whose primary work responsibilities are a part of the management process

• True

• False

Which aspect of the management process involves determining what the organization needs to do and how best to get it done

• Organizing

• Planning

• Controlling

• Processing

What function of the management process is used to monitor and ensure the organization is meeting its goals?

• Planning

• Organizing

• Leading

• Controlling

Comparing actual performance against standards is an example of which function of the management process?

• Leading

• Controlling

• Organizing

• Planning

Which of the following can help employees understand their roles and reporting relationships within the organization?

• Strategies

• Operational plans

• Organizational charts

• Control standards

When a sales manager compares actual sales to the quarterly sales quota, he or she is performing the organizing function of management.

• True

• False

Which type of manager spends most of their time working with and supervising the employees who report to them?

• First-line managers

• Information managers

• Top managers

• Chief executive officers

Which type of business managers have titles such as President and CEO?

• First-line managers

• Information managers

• Top managers

• Chief executive officers

CFO and controller are titles associated with what type of manager?

• Financial

• Information

• Human resource

• Marketing