MADM 301 Final Exam | 75 Questions with 100% Correct Answers | Verified | Latest Update 2024

1. Whether a person begins his or her career at the entry level or as a supervisor, his or her job as a manager is to do the work. (T/F)? - False 2. According to Jeffrey Pfeffer, companies that invest in business ideas will create longlasting competitive advantages that are difficult for other companies to duplicate. (T/F)? - False 3. The __________________ is the decisional role that managers play when they discuss schedules, projects, goals, outcomes, resources, and employee raises. - Negotiator Role 4. ______________ increase in importance as managers rise through the management hierarchy. - Conceptual Skills 5. In the context of Mintzberg's managerial roles, managers in the ______________ share information with people outside their departments or companies. - Spokesperson Role 6. A Gantt chart indicates what? - what tasks must be completed at which times in order to complete a project 7. One of the practical implications of the contingency approach to management is that management is much harder than it looks. (T/F)? - True