1|Page
HC Financial Management Ch 1-4 Study guide
Questions With Complete Solutions 2025
In which of the following roles do managers initiate
improvement projects, identify new ideas, and delegate
idea responsibility to others? - .....ANSWER ...✔✔
Entrepreneur
A social entity that is goal-directed and deliberately
structured is referred to as a(n), - .....ANSWER ...✔✔
Organization
At the top management level, the most important skills
are _____. - .....ANSWER ...✔✔ Conceptual skills
The president of Pepsi Company is the keynote speaker
at a retirement dinner for a long-time bottler. This is an
example of which of the following roles? - .....ANSWER
...✔✔ Figurehead
These managers are responsible for departments that
perform a single task and have employees with similar
skills. - .....ANSWER ...✔✔ Functional managers
,2|Page
The degree to which the organization achieves a stated
goal is called, - .....ANSWER ...✔✔ Effectiveness
Which of the following skills includes specialized
knowledge and analytical ability? - .....ANSWER
...✔✔ Technical
Managers shift gears quickly and therefore, the
average time spent on any one activity is less than, -
.....ANSWER ...✔✔ nine minutes
Which of the following roles involves scheduling,
budgeting, and setting priorities? - .....ANSWER ...✔✔
Resource allocator
Which of the following types of managers is in charge
of the functions that directly advance the core work of
an organization? - .....ANSWER ...✔✔ Line
The individual performer is a _____; whereas the
manager has to be a(n) _____. - .....ANSWER ...✔✔
specialist; generalist
,3|Page
By definition, an organization is considered _____
because it is made up of two or more people. -
.....ANSWER ...✔✔ Social entity
The nature of management is to motivate and
coordinate others to cope with challenges that are far-
reaching and, - .....ANSWER ...✔✔ Diverse
Keith Erckard, manager of the jewelry division of a
major department store, coordinated the work of
several people across several departments to
accomplish a $500,000 fundraising for an animal
shelter. He can best be described in his fundraising
activities as a(n): - .....ANSWER ...✔✔ Project
manager
According to Mintzberg, which of these is an
interpersonal role? - .....ANSWER ...✔✔ Liaison
Which of the following skills is the manager's ability to
work with and through other people and to work
effectively as a group member? - .....ANSWER ...✔✔
Human
, 4|Page
How an organization goes about accomplishing a plan is
a key part of the management function of, -
.....ANSWER ...✔✔ Organizing
Which of the following roles involves bargaining with
others to meet unit or departmental goals? -
.....ANSWER ...✔✔ Negotiator
Assigning tasks, grouping tasks into departments,
delegating authority, and allocating resources across the
organization is known as, - .....ANSWER ...✔✔
Organizing
Which of the following types of managers is directly
responsible for the production of goods and services? -
.....ANSWER ...✔✔ First-level
Within his role as a financial accountant, Russell uses the
capital asset pricing model and other mathematical tools
to help clients keep track of their finances. Which
perspective or approach does Russell apply most at his
work? - .....ANSWER ...✔✔ Quantitative perspective
HC Financial Management Ch 1-4 Study guide
Questions With Complete Solutions 2025
In which of the following roles do managers initiate
improvement projects, identify new ideas, and delegate
idea responsibility to others? - .....ANSWER ...✔✔
Entrepreneur
A social entity that is goal-directed and deliberately
structured is referred to as a(n), - .....ANSWER ...✔✔
Organization
At the top management level, the most important skills
are _____. - .....ANSWER ...✔✔ Conceptual skills
The president of Pepsi Company is the keynote speaker
at a retirement dinner for a long-time bottler. This is an
example of which of the following roles? - .....ANSWER
...✔✔ Figurehead
These managers are responsible for departments that
perform a single task and have employees with similar
skills. - .....ANSWER ...✔✔ Functional managers
,2|Page
The degree to which the organization achieves a stated
goal is called, - .....ANSWER ...✔✔ Effectiveness
Which of the following skills includes specialized
knowledge and analytical ability? - .....ANSWER
...✔✔ Technical
Managers shift gears quickly and therefore, the
average time spent on any one activity is less than, -
.....ANSWER ...✔✔ nine minutes
Which of the following roles involves scheduling,
budgeting, and setting priorities? - .....ANSWER ...✔✔
Resource allocator
Which of the following types of managers is in charge
of the functions that directly advance the core work of
an organization? - .....ANSWER ...✔✔ Line
The individual performer is a _____; whereas the
manager has to be a(n) _____. - .....ANSWER ...✔✔
specialist; generalist
,3|Page
By definition, an organization is considered _____
because it is made up of two or more people. -
.....ANSWER ...✔✔ Social entity
The nature of management is to motivate and
coordinate others to cope with challenges that are far-
reaching and, - .....ANSWER ...✔✔ Diverse
Keith Erckard, manager of the jewelry division of a
major department store, coordinated the work of
several people across several departments to
accomplish a $500,000 fundraising for an animal
shelter. He can best be described in his fundraising
activities as a(n): - .....ANSWER ...✔✔ Project
manager
According to Mintzberg, which of these is an
interpersonal role? - .....ANSWER ...✔✔ Liaison
Which of the following skills is the manager's ability to
work with and through other people and to work
effectively as a group member? - .....ANSWER ...✔✔
Human
, 4|Page
How an organization goes about accomplishing a plan is
a key part of the management function of, -
.....ANSWER ...✔✔ Organizing
Which of the following roles involves bargaining with
others to meet unit or departmental goals? -
.....ANSWER ...✔✔ Negotiator
Assigning tasks, grouping tasks into departments,
delegating authority, and allocating resources across the
organization is known as, - .....ANSWER ...✔✔
Organizing
Which of the following types of managers is directly
responsible for the production of goods and services? -
.....ANSWER ...✔✔ First-level
Within his role as a financial accountant, Russell uses the
capital asset pricing model and other mathematical tools
to help clients keep track of their finances. Which
perspective or approach does Russell apply most at his
work? - .....ANSWER ...✔✔ Quantitative perspective
