Which leadership perspective attempts to identify what good leaders do—that is, what behaviors they exhibit? Behavior Approach to Leadership Situational Approach Autocratic Leadership Trait Approach to Leadership

Behavior Approach to Leadership

Underestimating production levels will likely lead to which type of budget variance? Favorable static budget variance Favorable flexible budget variance Unfavorable flexible budget variance Unfavorable static budget variance

Unfavorable static budget variance

How does the integration of following with none work in relation to budgeted factors? It separates following from none, ignoring budgeted factors. It combines following and none without considering budgeted factors. It works by the integration of following with none, considering factors related to budgeted. It excludes following and none from budgeted considerations.

It works by the integration of following with none, considering factors related to budgeted.

What is the history of variance in relation to labor and goods? It was established by isolating variance from both labor and goods. It evolved by combining variance with goods, ignoring labor. It developed from the integration of variance with labor, considering factors related to goods. It originated from the separation of variance from labor, excluding goods.

It developed from the integration of variance with labor, considering factors related to goods.

What is the definition of manufacturing in the context of industry? Any industry that makes a product from raw materials by the use of manual labour or machinery and that is usually carried out synthetically with a division of labour The management of supply chains and logistics A service industry that provides financial advice The process of selling goods and services to consumers

Any industry that makes a product from raw materials by the use of manual labour or machinery and that is usually carried out synthetically with a division of labour

How is an industry defined in terms of its economic role? A group of productive enterprises or organizations that produce or supply goods, services, or sources of income. A single company that dominates a market A government agency regulating trade A non-profit organization focused on community service

A group of productive enterprises or organizations that produce or supply goods, services, or sources of income.

What does manufacturing involve in terms of production scale? The distribution of products to retailers The design of new product concepts The creation of prototypes for testing The fabrication or assembly of components into finished products on a fairly large scale

The fabrication or assembly of components into finished products on a fairly large scale

Which industries are considered the most important in manufacturing? Real estate, construction, architecture, urban planning Healthcare, pharmaceuticals, biotechnology, insurance Aircraft, automobiles, chemicals, clothing, computers, consumer electronics, electrical equipment, furniture, heavy machinery, refined petroleum products, ships, steel, tools and dies Food and beverage, hospitality, tourism, education

Aircraft, automobiles, chemicals, clothing, computers, consumer electronics, electrical equipment, furniture, heavy machinery, refined petroleum products, ships, steel, tools and dies

What processes are involved in manufacturing pharmacy? Blending, compression, filtration, heating, encapsulation, shearing, tableting, granulation, coating, and drying Research, development, clinical trials, approval Packaging, labeling, distribution, marketing Customer service, sales, after-sales support

Blending, compression, filtration, heating, encapsulation, shearing, tableting, granulation, coating, and drying

How is an organization typically structured? It is based on geographical location It is determined by the size of the company It is organized according to specialty, others by matter of convenience It is influenced by the company's financial performance

It is organized according to specialty, others by matter of convenience

What affects how an organization functions? The number of employees The level of competition in the market The amount of capital investment The manner in which they are put together & clearly affects how they function.

The manner in which they are put together & clearly affects how they function.

What is the purpose of structuring a group of individuals in an organization? To compete against each other To work together to achieve common goals. To reduce operational costs To increase market share

To work together to achieve common goals.

What is the design goal of an organization? To maintain a small, agile team To make the best use, in terms of efficiency and effectiveness, of the organization's resources to achieve these common goals. To expand globally To maximize profits at any cost

To make the best use, in terms of efficiency and effectiveness, of the organization's resources to achieve these common goals.

What does an organization consist of in terms of structure? Grouping people and assigning activities so that job tasks and the mission can be properly carried out. A network of independent contractors A single leader making all decisions A flat hierarchy with no defined roles

Grouping people and assigning activities so that job tasks and the mission can be properly carried out.

Identify one reason why cost management has become increasingly crucial: _____ Reduced changes in business processes Growing pressures of global competition Stable trade relations among countries Decreasing technological innovations

Growing pressures of global competition

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