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Complete the Week One Knowledge Check
1.The initial step in the decision-making process is to
2.Making a decision by accepting the first option that meets your goal is referred to as
3.Negative feedback received during the final evaluation of the decision indicates
4.The set of important assumptions about the organization and its goals and practices that members of the company share is called
5.Who must provide a long-term commitment in order to change an organizationâs culture?
6.Which of the following can be a useful clue about an
7.The macroenvironment of an organization consists of
B.established, as well as new business,entering the environment
C.the legal, political, economic, and social environment
8.A key benefit of managers having ready access to information is the ability to
9.An example of a cooperative strategy is
10.Which statement best describes planning?
A.Working with people and resources with the aim of accomplishing organizational goals
B.Bringing people into the organization for achieving overall success
D.Making decisions related to the goals the
organization will pursue
11.Which of the following involves planning?
B.Determining rewards for goal achievement
12.Which best defines how planning is used to deliver strategic value?
the life of the organization to meet its
B.Analyzing past situations to decide what type of activities the company will employ
C.A dynamic process that considers the changing set of stakeholders’ needs when determining actions to achieve
D.A top-down approach, in which top executives establish business plans and direct others to implement them
13.Which of the following focuses on the organizing function of management?
Mobilizing employees based on specific job responsibilities
Coordinating a company’s human and physical resources needed to achieve goals
Identifying business functions and establishing reporting relationships
Analyzing current situations and the environment to determine objectives
14.Which of the following best describes a dynamic organization?
Creating organizations that continually focus on the internal processes to achieve goals
Building an organization by grouping jobs into work units and allocating resources
Identifying business functions and mobilizing leaders
Being flexible and responsive towards customer needs and the competitive environment
15.For todayâs managers, the organizing function requires a higher focus on which of the following?
B.Creating flexible and responsive organizations
C.Specifying job responsibilities and grouping jobs into cross-functional work units
D.Identifying business functions and allocating resources
16.The leading function for todayâs organizations necessitates
D.involvement at all levels of the organization
17.As one of the key management functions, leading focuses on a managerâs efforts to
mobilize people to contribute his or her ideas
build organizations that are flexible and adaptive
D.identify opportunities for sustainable advantage
18.A managerâs ability to stimulate people to be high performers is referred to as
19.Through careful monitoring of the financial budgets of a firm, a manager can detect potential problems in reaching his or her financial goals and take actions to reverse the problem. This is an example of which management function?
20.An essential component of control includes which of the
Monitoring performance and making necessary changes
21.In order to make needed adjustments, which of the following is required for the controlling function of management?
D.Delivering strategic value to the Organization