Reference no: EM132205909
1. Which of the following is true of the basic organizational activities?
a. Financing involves the providing and using of funds to produce and distribute an organization's product.
b. Marketing involves the manufacture of products or services of the organization.
c. Operations involves the selling and distribution of the organizations' products in the defined market.
d. Marketing activities are not performed in small companies and companies which do not work for profit.
2. Which of the following is true of the different levels of management?
a. The operative employees of an organization belong to the middle management.
b. Rank-and-file employees have the most interaction with the supervisory management.
c. The middle management employees have the highest authority in the organization.
d. Individuals at the higher levels of the organization have the least responsibility.
3. Which of the following is the third step in planning?
a. Monitoring the plan’s implementation
b. Developing a systematic approach to achieve the objective
c. Identifying and assessing present and future conditions affecting the objective
d. Setting an objective or goal
4. Which of the following is a planning step that immediately follows the establishment of a goal by a manager?
a. Setting an alternative objective as a backup strategy
b. Identifying and assessing present and future conditions affecting the objective
c. Implementing the plan and monitoring its implementation
d. Developing a systematic approach, or plan, to achieve the objective