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Sustainability is fundamentally a cost-cutting effort.

A) True
B) False

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List and explain each of the six keys to managing for competitive advantage.

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Senior executives responsible for the overall management and effectiveness of the organization are called


A) Long-term managers.
B) Middle managers.
C) Strategic managers.
D) Tactical managers.
E) Short-run managers.

F) A) and C)
G) A) and B)

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Top-level managers focus on


A) Long-term survival of an organization.
B) Translating goals and objectives into specific activities.
C) Managing frontline managers.
D) Supervising nonmanagement employees.
E) Initiating new daily activities.

F) C) and E)
G) A) and D)

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In a competitive context, __________ means giving customers what they want or need, when they want it.


A) service
B) quality
C) innovation
D) speed
E) competitiveness

F) A) and C)
G) D) and E)

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Social capital is the goodwill stemming from your social relationships.

A) True
B) False

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Today customers value both the quality of physical goods and the quality of services.

A) True
B) False

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Leading is defined as coordinating and manipulating human resources to maximize opportunity.

A) True
B) False

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At which level of management will you find conceptual and decision skills most utilized? Why?

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A common complaint about leaders, especially those who are newly appointed, is that they lack which of the following?


A) Emotional understanding.
B) Empathy.
C) The ability to receive feedback from subordinates.
D) Decision-making skills.
E) Self-control.

F) None of the above
G) B) and C)

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Differentiate between the various management levels in an organization.

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Operational managers play a crucial role in an organization because they provide


A) The link between managerial and nonmanagerial personnel.
B) Discipline for problem managers.
C) The key plans for an organization's success.
D) Feedback on top management performance.
E) Direction and strategy for the organization.

F) B) and E)
G) A) and B)

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The importance of managerial skills is exemplified by which of the following statements?


A) Obtaining high performance from people in the organization is typically easy because of the natural authority managers have over knowledge workers.
B) Upper-level managers heavily use technical skills as they manage supervisory personnel.
C) Supervisory-level managers have the most contact with the top-level managers.
D) Conceptual and decision skills become less important than technical skills as a manager rises higher in the company.
E) Interpersonal skills are important throughout a manager's career, at every level of management.

F) B) and D)
G) B) and C)

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When the manager attended the employee's wedding, which of the roles described by Mintzberg was the manager of Puffy Treats performing?


A) Liaison.
B) Figurehead.
C) Spokesperson.
D) Entrepreneur.
E) Disturbance handler.

F) B) and D)
G) None of the above

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What should you do to forge a successful, gratifying career? Briefly explain each of the four dimensions that should be considered.

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Managers will utilize __________ skills with increasing frequency as they rise within an organization.


A) conceptual and decision
B) informational
C) technical
D) professional
E) negotiation

F) A) and C)
G) A) and B)

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In smaller entrepreneurial firms and even in more adaptive larger firms, managers


A) Are no longer utilized.
B) Rely more heavily on technical skills.
C) Serve as "experts" on whom the entire firm depends.
D) Have strategic, tactical, and operational responsibilities.
E) Focus on internal operations only.

F) A) and B)
G) All of the above

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Ideally, planning is a top-down function in which top executives establish business plans and tell others to implement them.

A) True
B) False

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When you view yourself as an employee and expect your employer to tell you what to do and give you pay and benefits, you are acting as a(n)


A) Active contributor in a productive relationship.
B) Agent for social capital.
C) Passive employee.
D) Example of an emotionally intelligent employee.
E) Connected team member.

F) A) and D)
G) C) and D)

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The management function known as organizing refers to assembling and coordinating the resources needed to achieve goals.

A) True
B) False

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