Management Functions: Planning and Supervisory Roles

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What is the primary function of managers in the LOW level of management?

Dealing with contingency situations

HR oversight and direction of operative employees (correct)

Establishing goals and defining methods

Planning and decision making

Which type of plan is made to deal with situations that might arise if assumptions turn out to be wrong?

Contingency Plan (correct)

Standing Plan

Hierarchical Plan

Single-use Plan

What does a mission statement describe?

The company's key market and target audience

The company's objectives and approach to achieve them (correct)

The company's vision for the future

The company's unique product or service features

What is the primary difference between a mission statement and a vision statement?

A mission statement is about the company's objectives, while a vision statement is about the company's desired future position Signup and view all the answers

What is the purpose of a standing plan?

To cover issues that managers face repeatedly Signup and view all the answers

What is the third essential component of a commercial mission?

Distinction Signup and view all the answers

What is the primary role of effective communication in an organization?

To facilitate the sharing of information between people within a company Signup and view all the answers

What motivates people to work in an organization?

Fair treatment, doing important work, and enjoying good relationships with coworkers Signup and view all the answers

What determines the decision-making process in a decentralized organization?

Mid-level or lower-level managers make most decisions Signup and view all the answers

What type of organizational structure follows a line/chain of command?

Line organizational structure Signup and view all the answers

What is the primary characteristic of a centralized organizational structure?

Decisions are made by top management Signup and view all the answers

What is the purpose of an organizational structure?

To outline the company's hierarchy and roles Signup and view all the answers

What is the primary focus of inventory management?

Tracking the amount of product Signup and view all the answers

What type of inventory refers to items used to manufacture components or finished products?

Raw Materials Signup and view all the answers

Which inventory management technique involves categorizing products by importance?

ABC Inventory Management Signup and view all the answers

What is the primary goal of Just in Time (JIT) inventory management?

Lower the volume of inventory Signup and view all the answers

What type of inventory management involves a wholesaler placing stock with a retailer, retaining ownership until sold?

Consignment Signup and view all the answers

What is backordering in inventory management?

Taking orders and receiving payments for out-of-stock products Signup and view all the answers

What is an example of tolerable demands in a workplace?

Having reasonable work hours Signup and view all the answers

What is another term for Manpower Planning?

Human Resource Planning Signup and view all the answers

What is the significance of Human Resources in managerial functions?

It is essential for the implementation of managerial activities Signup and view all the answers

What is a key aspect of Efficient Utilization in Manpower Planning?

Managing a large workforce efficiently Signup and view all the answers

What is a component of the staffing function?

Motivational programs and incentive plans Signup and view all the answers

What is a result of strong human relations in an organization?

Stability in the organization Signup and view all the answers

What is the primary benefit of effective communications during organizational change?

Maintaining morale and motivating employees Signup and view all the answers

What is the primary purpose of an arrow diagram?

To determine the optimal sequence of events and their interconnectivity Signup and view all the answers

What is the most common dependency type used between activities in PDM?

Finish-to-Start Signup and view all the answers

What does an arrow diagram help to identify?

The critical path of a project Signup and view all the answers

What is the purpose of the Precedence Diagramming Method (PDM)?

To develop a project schedule network diagram Signup and view all the answers

What type of dependency is represented by two activities starting together?

Start-to-Start Signup and view all the answers