Chapter 5, Part 3
Chapter 6
Chapter 6, Part 2
Chapter 6, Part 3
Chapter 6, Part 4
100
Becky sold stock to investors in order to finance Sparkart, LLC, a company that markets software to track how many times music is played and shared among peers. Becky used ______financing.
What is equity? (equity financing is a form of financing consisting of funds raised through the sale of stock in a business.)
100
____ is the process of guiding the development, maintenance, and allocation of resources needed to attain organizational goals.
What is management?
100
The lowest level of manager, which usually has the most people to manage, is called _____ management:
What is supervisory/
100
Plant manager Peter Kwillen receives the master budget from divisional headquarters and breaks it down for the three shift managers. He coordinates with other plant managers and manages lower-level managers. Kwillen is a(n) ____ manager.
What is middle? (middle managers are concerned with implementing the plans and policies of top managers and supervising lower-level managers.)
100
Among managers there are three distinctive leadership styles. They are:
What are autocratic, participative, and free-rein? (page 164 in book)
200
______ are individual investors or groups of experienced investors who provide funding for start-up businesses.
What are angel investors? (Angel investors provide funding for start-up businesses.)
200
The four areas involved in management are
What are organizing, controlling, leadership, and planning?
200
____________ are managers who carry out plans and policies of top management.
What are middle managers?
200
Dean Jager is in charge of the volunteer staff at the Booth Western Art Museum. He makes the work assignments, determines work schedules, and makes sure the museum uses its entire volunteer staff efficiently. Jager is a ____ manager.
What is supervisory? (the lowest level of management, which usually has the most people to manage, is called supervisory management.)
200
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his employees. Siegel used a(n) ____ style to increase Lacoste’s sales.
What is autocratic? (Autocratic leaders are directive leaders who prefer to make decisions and solve problems on their own with little input from subordinates.)
300
_________ is financing obtained from investment firms that specialize in the financing small, high-growth companies.
What is venture capital?
300
Most firms have three distinguishable levels of management. They are:
What are supervisory, middle, and top?
300
A relatively small group of managers at the head of an organization that establishes overall strategy and long-range goals is called _______ management
What is top?
300
______ is the process of guiding others to achieve specific goals.
What is leadership?
300
The CEO of Whole Foods Markets, John Mackey, has a set of quirky management rules that makes Whole Foods an odd but effective workplace. Every store is divided into about 8 functional teams. An employee is hired provisionally to a store team. After 4 hours work, the team votes whether to hire him or her; a 2/3s yes vote is necessary to join the staff permanently. Which leadership style appears to be used by Whole Foods?
What is democratic? (A democratic leader solicits inputs from all members of the group and then allows members to make the final decision through a vote.)
400
An instrument necessary to persuade businesses and banks to invest in your company is called
What is a business plan?
400
Management needs to be prepared to deal with problems and seize opportunities as they arise. A company often identifies alternative courses of action to be taken if events undercut a strategic or tactical plan. These are called ___ plans.
What is contingency?
400
Top management usually performs four primary tasks. What are these four tasks as identified in the book?
What are establish long-range plans, formulate basic policies of operation, develop strategic plans, and review new product development?
400
Stuart McFarland is sales manager for a hotel. His job entails leading, motivating, and communicating with employees. McFarland’s main management activity is:
What is leadership?
400
Steve Miller, group managing director of the Royal Dutch/Shell Group of Companies, uses what has been labeled as “grassroots leadership”. He devotes more than 50 percent of his work time to getting input from the company’s front-line employees. By listening to their suggestions, the company has increased its productivity and placed an emphasis on quality. His leadership style is:
What is participative? (participative leaders share decision making with employees)
500
____________ financing is a form of financing consisting of funds raised through the sale of stock in a business.
What is equity financing?
500
Victorinox is the name of the company that manufactures Swiss army knives. As a result of new regulations governing what passengers could carry with them on airplane trips, the company has lost 30% of its business. In other companies, this might have led to business failure, but because Victorinox had ______plans, it was able to continue to operate profitably.
What is contingency?
500
Manila Water, the provider of the water and sewerage services in the capital of the Philippines has purchased the government owned water and sewerage system for the entire country. In terms of the managerial hierarchy, its president Antonio Aquino is in ____ management.
What is strategic? (Aquino is part of a relatively small group of managers at the head of an organization that establishes overall strategy and long-range goals.)
500
Jack Welch, former CEO of General Electric, was known by his employees as “Bloody Jack” because of the downsizing and restructuring he insisted the company do if its various departments were unable to achieve organizational goals. Knowing this nickname, you can assume that Welch used ____ power to accomplish his goals for GE:
What is coercive? (Coercive power is power that is derived from an individual’s ability to threaten negative outcomes.)
500
Robert Milligan has a major decision to make about how to increase attendance for the professional soccer team he owns. He wants to call his players and coaches together, generate alternatives, and come up with a solution by mutual agreement and vote. His style of leadership is called:
What is democratic? (a democratic leader solicits inputs from all members of the group and then allows members to make the final decision through a vote)
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