Glencoe Introduction to Business Chapter 7

Question 1

President, vice presidents, and chief executive officers are...

Accepted Answer

top level managers

Question 2

Puts authority in one place, with top management.

Accepted Answer

centralized organization

Question 3

The most important leadership skill a manager needs is knowing how to give orders.

Accepted Answer

False

Question 4

Good management requires which of the following?

Accepted Answer

creating a vision

Question 5

Managers who are responsible for the daily functioning of the business

Accepted Answer

operational managers

Question 6

The organizational structure when managers at the top of the line are in charge of those below

Accepted Answer

line authority

Question 7

Involves top-level managment deciding how the company should perform

Accepted Answer

long range planning

Question 8

Responsibility divided among specific units is...

Accepted Answer

departmentalization

Question 9

Training and motivating employees

Accepted Answer

leading

Question 10

A decentralized organization puts authority in one place, top management.

Accepted Answer

False

Question 11

Pay raises, promotions, stock options, and profit sharing are examples of...

Accepted Answer

incentives

Question 12

Which is not a level of management?

Accepted Answer

undermanagers

Question 13

Plant managers, regional managers, and department heads

Accepted Answer

middle managers

Question 14

Which level of management includes supervisors, office managers, and crew leaders?

Accepted Answer

operational managers

Question 15

Every aspect of business has to be managed from setting goals to meeting them.

Accepted Answer

True

Question 16

Making sure deadlines and budgets are met

Accepted Answer

controlling

Question 17

Which gives authority to a number of different managers to run their departments?

Accepted Answer

decentralized organization

Question 18

Good planning requires setting realistic goals.

Accepted Answer

True

Question 19

Only large corporations need a management plan.

Accepted Answer

False

Question 20

Assigning managers different tasks is..

Accepted Answer

organizing

Questions 20