ISOM 125 TEST 2 UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
Question:
1. Growth objectives essentially relate to
Answer:
adapting and releasing new products in the market.
Question:
2. When a manager makes sure there is adequate funding to pay for essential activities, he or she is
managing ________ resources.
Answer:
financial
Question:
3. Providing incentives to employees to motivate them toward achieving organizational objectives relates
to the management function of
Answer:
directing.
Question:
4. What is a difference between strategic and tactical plans?
Answer:
Strategic plans are long term, while tactical plans are short term.
Question:
5. Which statement best describes the importance of monitoring the consequences of decisions?
Answer:
The consequences of decisions may not be apparent quickly enough without monitoring.
Question:
6. In an organization, decisions regarding adding new products, acquiring companies, and moving into
foreign markets would most typically be made by
Answer:
the top management.
Question:
7. A declaration of an organization's fundamental purpose and basic philosophy is known as a(n)
Answer:
mission statement.
Question:
8. Determining an organization's objectives and deciding how to accomplish them is the management
function known as
, Answer:
planning.
Question:
9. Which of these basic questions will be answered by a well-developed mission statement?
Answer:
Who are our customers?
Question:
10. A(n) ________ is like a calendar, containing both specific and vague items, which helps a manager
figure out what must be done and how to get it done to meet the objectives set by the organization.
Answer:
agenda
Question:
11. Which question does the mission statement of an organization seek to answer?
Answer:
What business are we in?
Question:
12. ________ provide direction for all managerial decisions and establish criteria for evaluating
performance within organizations.
Answer:
Objectives
Question:
13. TopToBottom.com, a leading online retailer, uses the services of Privacy Pals Inc., a small startup that
helps companies manage and keep their electronic data safe. This helps TopToBottom.com keep a backup
of its proprietary information in case of virus attacks or any sort of damage to property. This is an example
of
Answer:
contingency planning.
Question:
14. The specific operations of an organization, plant, division, or department would most typically involve
the ________ of the company.
Answer:
middle management
Question:
15. When selecting the best option among a series of possible decisions,
Answer:
it may be possible to use a combination of several options
Question:
16. Dividing work into small units and assigning it to specific individuals is a task related to the
management function of
CORRECT ANSWERS
Question:
1. Growth objectives essentially relate to
Answer:
adapting and releasing new products in the market.
Question:
2. When a manager makes sure there is adequate funding to pay for essential activities, he or she is
managing ________ resources.
Answer:
financial
Question:
3. Providing incentives to employees to motivate them toward achieving organizational objectives relates
to the management function of
Answer:
directing.
Question:
4. What is a difference between strategic and tactical plans?
Answer:
Strategic plans are long term, while tactical plans are short term.
Question:
5. Which statement best describes the importance of monitoring the consequences of decisions?
Answer:
The consequences of decisions may not be apparent quickly enough without monitoring.
Question:
6. In an organization, decisions regarding adding new products, acquiring companies, and moving into
foreign markets would most typically be made by
Answer:
the top management.
Question:
7. A declaration of an organization's fundamental purpose and basic philosophy is known as a(n)
Answer:
mission statement.
Question:
8. Determining an organization's objectives and deciding how to accomplish them is the management
function known as
, Answer:
planning.
Question:
9. Which of these basic questions will be answered by a well-developed mission statement?
Answer:
Who are our customers?
Question:
10. A(n) ________ is like a calendar, containing both specific and vague items, which helps a manager
figure out what must be done and how to get it done to meet the objectives set by the organization.
Answer:
agenda
Question:
11. Which question does the mission statement of an organization seek to answer?
Answer:
What business are we in?
Question:
12. ________ provide direction for all managerial decisions and establish criteria for evaluating
performance within organizations.
Answer:
Objectives
Question:
13. TopToBottom.com, a leading online retailer, uses the services of Privacy Pals Inc., a small startup that
helps companies manage and keep their electronic data safe. This helps TopToBottom.com keep a backup
of its proprietary information in case of virus attacks or any sort of damage to property. This is an example
of
Answer:
contingency planning.
Question:
14. The specific operations of an organization, plant, division, or department would most typically involve
the ________ of the company.
Answer:
middle management
Question:
15. When selecting the best option among a series of possible decisions,
Answer:
it may be possible to use a combination of several options
Question:
16. Dividing work into small units and assigning it to specific individuals is a task related to the
management function of
