Answer the following statements true (T) or false (F)
1. Controlling is arranging tasks, people, and other resources to accomplish the work.
2. Controlling is the only management function that affects productivity.
3. Control systems can help managers anticipate, monitor, and react to environmental changes.
4. Japanese-produced cars that were perceived as better built than American ones resulted from the Japanese use of controls.
1. FALSE
Organizing is arranging tasks, people, and other resources to accomplish the work.
2. FALSE
All four management functions affect one another and in turn affect an organization's productivity.
3. TRUE
Markets shift, consumer tastes change, new competitors appear, technologies are reborn, new materials are invented, and government regulations are altered. All organizations must deal with these kinds of environmental changes and uncertainties. Control systems can help managers anticipate, monitor, and react to these changes.
4. TRUE
The use of quality controls among Japanese car manufacturers resulted in cars being produced that were perceived as being better built than American cars.
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Which of the following is true of the dissolution of a limited liability company (LLC)?
A. The remaining members cannot avoid liquidation even by unanimously agreeing to continue the business operations. B. Dissolution can only be caused by bankruptcy. C. The act of dissolution terminates an LLC's business. D. An LLC must be set up so that it can be easily dissolved.
Research has shown a positive correlation between organizations with a code of ethics and what?
a. greater tolerance for diversity b. faster turnover c. higher NASDAQ rating d. greater revenue
Net Income:
A. Equals assets minus liabilities. B. Represents stockholders' claims against assets. C. Represents the amount of assets stockholders put into a business. D. Is the excess of revenues over expenses. E. Decreases equity.
Hevron Hrist, a multinational company, finances itself each year by procuring 25 percent of its yearly budget through loans from banks. The remaining budget is covered by the company itself. The given scenario suggests that the firm most likely relies on measuring _____ to decide its capital structure.
A. asset management ratios B. leverage ratios C. profitability ratios D. liquidity ratios