Business Management exam
questions and answers graded A+
Making the right decisions and successfully implementing them is known as effective management.
True or False - ANS✅✅True
Managers can be classified by both the level of the organization at which they work and the area in
which they specialize.
True or False - ANS✅✅True
First-line managers typically spend a large portain of their time supervising the work of subordinates.
True or False - ANS✅✅True
Managers should lead by example. Therefore, they need all the technical skills to do the jobs of their
subordinates.
True or False - ANS✅✅False
The concept of synergy suggests that two people can achieve more working together than they can
achieve working individually.
True or False - ANS✅✅True
A company operating solely in the USA will not be impacted by globalization.
True or False - ANS✅✅False
The external environment of an organization consists of the organization's general environment and
task environment
True or False - ANS✅✅True
Managers can disregard the general environment because it is vague, imprecise and long-term
True or False - ANS✅✅False
Ethical actions conform to generally accepted social norms.
,True or False - ANS✅✅True
Unpleasant outcomes will not occur as long as an individual makes ethical choices.
True or False - ANS✅✅False
Toyota Motors owns factories in the United States, which manufacture Toyota-brand cars for sale to
U.S. customers. Toyota is making a direct investment.
True or False - ANS✅✅True
The culture of an organization is easy to measure objectively.
True or False - ANS✅✅False
Strategic planning is more closely associated with top management than with middle management.
True or False - ANS✅✅True
An effective strategy is one in which an organization is properly aligned with its environment and
therefore is likely to achieve its strategic goals.
True or False - ANS✅✅True
Effective stategies address distinctive competence, scope, and resource deployment.
True or False - ANS✅✅True
Understanding the product life cycle is important to managers because strategies need to evolve
over time to keep pace with changes the product experiences over its life cycle
True or False - ANS✅✅True
Decision making is perhaps the most basic and fundamental of all managerial activities.
True or False - ANS✅✅True
The least common decision making condition is the state of certainty.
True or False - ANS✅✅True
, Stock markets react more positively to certain bad news, like fines, than to uncertain times of not
knowing what will happen.
True or False - ANS✅✅True
In general, the more important the decision, the more attention a manager should pay to developing
alternative solutions.
True or False - ANS✅✅True
American, Robert Dudley, became CEO of BP during the huge task of cleaning up the oil spill and
rebuilding trust after safety concerns became obvious. Regarding his career, Dudley has high risk
propensity.
True or False - ANS✅✅True
People who work in ethical organizations do not face ethical decisions.
True or False - ANS✅✅False
To be an entrepreneur you have to start the enterprise from scratch.
True or False - ANS✅✅False
Small business outnumber large businesses in the United States by a huge amount.
True or False - ANS✅✅True
Small organizations usually can compete effectively with large organizations in industries in which
economies of scale are not significant.
True or False - ANS✅✅True
Market research is a key step in building a business plan.
True or False - ANS✅✅True
A franchise usually involves less uncertainty and less risk than starting a business from scratch.
True or False - ANS✅✅True
Achieving organizational goals efficiently and effectively
questions and answers graded A+
Making the right decisions and successfully implementing them is known as effective management.
True or False - ANS✅✅True
Managers can be classified by both the level of the organization at which they work and the area in
which they specialize.
True or False - ANS✅✅True
First-line managers typically spend a large portain of their time supervising the work of subordinates.
True or False - ANS✅✅True
Managers should lead by example. Therefore, they need all the technical skills to do the jobs of their
subordinates.
True or False - ANS✅✅False
The concept of synergy suggests that two people can achieve more working together than they can
achieve working individually.
True or False - ANS✅✅True
A company operating solely in the USA will not be impacted by globalization.
True or False - ANS✅✅False
The external environment of an organization consists of the organization's general environment and
task environment
True or False - ANS✅✅True
Managers can disregard the general environment because it is vague, imprecise and long-term
True or False - ANS✅✅False
Ethical actions conform to generally accepted social norms.
,True or False - ANS✅✅True
Unpleasant outcomes will not occur as long as an individual makes ethical choices.
True or False - ANS✅✅False
Toyota Motors owns factories in the United States, which manufacture Toyota-brand cars for sale to
U.S. customers. Toyota is making a direct investment.
True or False - ANS✅✅True
The culture of an organization is easy to measure objectively.
True or False - ANS✅✅False
Strategic planning is more closely associated with top management than with middle management.
True or False - ANS✅✅True
An effective strategy is one in which an organization is properly aligned with its environment and
therefore is likely to achieve its strategic goals.
True or False - ANS✅✅True
Effective stategies address distinctive competence, scope, and resource deployment.
True or False - ANS✅✅True
Understanding the product life cycle is important to managers because strategies need to evolve
over time to keep pace with changes the product experiences over its life cycle
True or False - ANS✅✅True
Decision making is perhaps the most basic and fundamental of all managerial activities.
True or False - ANS✅✅True
The least common decision making condition is the state of certainty.
True or False - ANS✅✅True
, Stock markets react more positively to certain bad news, like fines, than to uncertain times of not
knowing what will happen.
True or False - ANS✅✅True
In general, the more important the decision, the more attention a manager should pay to developing
alternative solutions.
True or False - ANS✅✅True
American, Robert Dudley, became CEO of BP during the huge task of cleaning up the oil spill and
rebuilding trust after safety concerns became obvious. Regarding his career, Dudley has high risk
propensity.
True or False - ANS✅✅True
People who work in ethical organizations do not face ethical decisions.
True or False - ANS✅✅False
To be an entrepreneur you have to start the enterprise from scratch.
True or False - ANS✅✅False
Small business outnumber large businesses in the United States by a huge amount.
True or False - ANS✅✅True
Small organizations usually can compete effectively with large organizations in industries in which
economies of scale are not significant.
True or False - ANS✅✅True
Market research is a key step in building a business plan.
True or False - ANS✅✅True
A franchise usually involves less uncertainty and less risk than starting a business from scratch.
True or False - ANS✅✅True
Achieving organizational goals efficiently and effectively
