Exam

Exam 1 B Key

1. (p. 5) The planning, organizing, leading, and controlling of resources in order to achieve organizational goals both effectively and efficiently is known as management.
TRUE

AACSB: Group/individual dynamics (10)
Bloom's: Knowledge
Difficulty: Easy
Jones - Chapter 01 #2
Learning Objective: 1

2. (p. 5) A desired future outcome that a firm hopes to achieve is called a goal.
TRUE

AACSB: Group/individual dynamics (10)
Bloom's: Knowledge
Difficulty: Easy
Jones - Chapter 01 #1
Learning Objective: 1

3. (p. 5) An organization's people are not considered one of its resources because they are not permanent, that is, they have the freedom to quit and move to another organization.
FALSE

AACSB: Group/individual dynamics (10)
Bloom's: Comprehension
Difficulty: Moderate
Jones - Chapter 01 #3
Learning Objective: 1

4. (p. 12) An outcome of the controlling function should be the ability to measure the organization's performance accurately. TRUE

AACSB: Group/individual dynamics (10)
Bloom's: Comprehension
Difficulty: Easy
Jones - Chapter 01 #19
Learning Objective: 2

5. (p. 16) The ability to distinguish between the cause and the effect of a problem within an organization is an important part of the conceptual skills of a manager.
TRUE

AACSB: Group/individual dynamics (10)
Bloom's: Comprehension
Difficulty: Easy
Jones - Chapter 01 #26
Learning Objective: 4

6. (p. 18) Human skills can be learned through education and training, but not through work experience.
FALSE

AACSB: Group/individual dynamics (10)
Bloom's: Comprehension
Difficulty: Easy
Jones - Chapter 01 #28
Learning Objective: 4

7. (p. 40) Ford Manufacturing moved from small batch production to mass-production manufacturing to increase quality. FALSE

AACSB: Integrated production and distribution of goods (9)
Bloom's: Knowledge
Difficulty: Moderate
Jones - Chapter 02 #2
Learning Objective: 1

8. (p. 40) The idea of "lean