Wertwetwer

Management

Chapter 1 The Nature of Management

1) Management is the process of assembling and using sets of resources in a goal-directed manner to accomplish tasks in an organizational setting.

Answer: TRUE

Page Ref: 4

Difficulty: Easy

Classification: Conceptual

Objective: 1

2) In the context of an organization, all managers are members but all members are not managers.

Answer: TRUE

Page Ref: 4

Difficulty: Easy

Classification: Conceptual

Objective: 1

3) Managing change becomes difficult for managers because employees tend to resist change.

Answer: TRUE

Page Ref: 5

Difficulty: Easy

Classification: Conceptual

Objective: 2

4) The growth of the Internet has increased the importance of human capital.

Answer: TRUE

Page Ref: 5

Difficulty: Easy

Classification: Conceptual

Objective: 2

5) Global events have little effect on the goals that managers set, the decisions they make, and how they coordinate and lead the work of other people.

Answer: FALSE

Page Ref: 5

Difficulty: Easy

Classification: Conceptual

Objective: 2

6) A manager's interpersonal and communication skills are essential to the process of allocating and coordinating resources to accomplish the required tasks of an organization.

Answer: TRUE

Page Ref: 6-7

Difficulty: Easy

Classification: Conceptual

Objective: 2

7) A firm's reputation and its employees are both tangible resources.

Answer: FALSE

Page Ref: 8

Difficulty: Easy

Classification: Conceptual

Objective: 2

8) An entrepreneurial mind-set allows a manager to assess uncertainty and take action to exploit any possible opportunities.

Answer: TRUE

Page Ref: 9

Difficulty: Easy

Classification: Conceptual

Objective: 2

9) Frederick Taylor, who is credited to be the "father of modern management," believed that employees are primarily motivated by pay.

Answer: FALSE

Page Ref: 10

Difficulty: Easy

Classification: Conceptual

Objective: 3

10) Planning involves...