Reference no: EM132153995

State whether the following statements are True or False. Write down the question number and the word True or False next to it. E.g. 2.11 True

1. Controlling is checking and evaluating the results of the company to make sure that the plans are being met and goals are attained.

2. Span of control principle refers to the reporting lines among departments and positions in departments.

3. An advantage of customer departmentalisation is that it is suited to understanding customer needs.

4. A disadvantage of product departmentalisation is that it may not use skills and resources effectively.

5. Marketing networks consists of the company and its supporting stakeholders with whom it has built mutually profitable business relationships.

6. The marketing concept holds that consumers and businesses, if left alone, won’t buy enough of the organisations products.

7. Financing is the use of capital to acquire fixed assets like land and buildings, machinery as well as current assets like stock in order to generate an income.

8. An information system is a set of interrelated parts that work together to produce, distribute, and use information products and services.

9. Management can be defined as the process of planning, organising, leading and controlling the resources of the organisation to achieve stated organisational goals as productively as possible.

10. Top management represents the large group of managers who control the organisation, and who have final authority and responsibility for executing the management process.