Management Exam

 Management is the process of guiding the development, maintenance, and allocation of objectives.

• True

• False

One of the basic functions of management is controlling.

• True

• False

Planning is the process of deciding what needs to be done to achieve organizational objectives; identifying when and how it will be done, and determining by whom it should be done.

• True

• False

Strategic planning is long-range, formulated by top management, and made as if the company operated in a vacuum

• True

• False

The lowest level of management is engaged in strategic planning process.

• True

• False

The short-range, detailed planning that focuses on current operations is called functional planning.

• True

• False

A good manager is never faced with unforeseen problems.

• True

• False

Arranging a firm's human and material resources to carry out plans is called organizing.

• True

• False

 Dividing up the tasks (division of labor) is an important part of organizing.

• True

• False

Leadership is the process of guiding and motivating others toward the achievement of organizational goals.

• True

• False