Answer True/False 1 Pt. each

1.Supervisory (first-line) management is often involved with the subordinates who engage in the day-to-day production process.

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2.Objectives are long term whereas goals are short-term.

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3.The mission statement focuses on how tasks should be completed by managers.

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4.The strategic plan identifies the firm's main business focus over a short-term period.

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5."Achieving superior customer satisfaction by providing the highest quality products to our customers" is an example of a tactical plan.

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6.Tactical planning establishes the methods used for the near future (such as the next year) to achieve the firm's desired objectives.

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7.With contingency planning, alternative plans are developed for various possible business conditions.

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8.Autocratic leaders make all decisions; tell employees what to do.

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9.The organizing function represents the coordination of employees and other resources in order to achieve the firm's goals.

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10.One of the steps in decision making is to monitor the consequences.