impacts the 23. The The environment affects organizations indirectly while the organization directly. task, general general; organizational organizational; task task; organizational general; task 24. __ _ is the management function concerned with monitoring employees' activities, keeping the organization on track toward its goals, and making corrections as needed. Planning Resource allocation Controlling Organizing Efficiency 25. Which of the following is NOT a tool for executing a plan? Management by objectives Operations map Performance dashboards Single use plans Decentralized responsibility 26. The SolMAr industry along the Texas-Mexico border on the Mexico side uses cheap labor for assembling products. This lowers the price for U.S. consumers and is an example of: licensing joint venture. outsourcing franchising none of these b. 27. Top managers are responsible for all of the following except: communicating a shared vision for the organization b. focusing on short-term planning. shaping corporate culture. monitoring and interpreting the external environment. looking at general environmental trends. 16. What aspects of management do not change when doing business internationally Planning Organizing Controlling Leading All of these 17. What is Franchising? 18. Mary Diaz is the head of the finance department at ABC Manufacturing, Inc. Her level in management hierarchy is that of a(n): first-line manager middle manager. top manager chief executive officer operative. 19. Which of these is NOT a part of an organization's general environment? Technological Economic Competitors Legal-political Sociocultural 20. All of these are a part of an organization's task environment except customers labor markets competitors employers Suppliers 21. What is (are) included in an organization's task environment 22. ABC, Inc. wants to reduce transferring costs by producing closer to the consumer in a foreign country. This will also help in reducing transportation and storage costs. Which strategy would be the best to use given the circumstances? Franchising b. Exporting C. Direct investing d. Barter agreement e. Licensing