Business Management -CHAPTER 1 Review

True/False. There are a number of activities that must be performed by all managers no matter what the type or size of the company.

• True
• False

True/False. The primary work of all managers can be grouped within four functions: planning, organizing, implementing, and budgeting.

• True
• False

True/False. A manager who spends most of the time on one management function or is responsible for a specific part of the company's operations is known as a middle manager.

• True
• False

True/False. Middle managers spend most of their management time leading and monitoring results of their work team.

• True
• False

True/False. All managers perform some of the same activities.

• True
• False

The process of accomplishing the goals of an organization through the effective use of people and other resources is

• planning
• supervision
• management
• implementation

The function being performed when a manager is determining how plans can be accomplished most effectively is

• planning
• organizing
• budgeting
• implementation

Analyzing information and making decisions about what needs to be done is the management function known as

• planning
• organizing
• leading
• projecting

People in the first (or beginning) level of management in a company are known as

• executives
• supervisors
• middle managers
• trainees

In today's economy, which types of businesses require management?

• small, part-time busiensses
• large global corporations
• new entrepreneurial ventuers
• all of the above