True$/$False Questions

$\_\_\_\_\_1.$ If a company does not achieve its objective, it is

effective but not efficient.

$\_\_\_\_\_2.$ Offshoring is the controversial practice of drilling

for oil in the ocean.

$\_\_\_\_\_3.$ With the inspect$-$it$-$in approach to improving product quality, the emphasis is on continuous improvement of personnel and processes.

$\_\_\_\_\_4.$ By definition, e$-$business involves much more than

business$-$to$-$consumer retailing on the Internet.

$\_\_\_\_\_5.$ Two managerial functions identified by French

industrialist Henri Fayol in the early $1900$s are

planning and control.

$\_\_\_\_\_6.$ One of the three managerial skill categories

identified by Clark L$.$ Wilson is leadership.

$\_\_\_\_\_7.$ According to the Honeywell study, managers

learned half of what they knew about managing

from job assignments $($the $$school of hard

knocks$).$

$\_\_\_\_\_8.$ Ninety$-$nine percent of the employers in the

United States are small businesses.

$\_\_\_\_\_9.$ Eighty percent of small businesses fail within

five years.

$\_\_\_\_\_10.$ Entrepreneurs tend to be high achievers who

dislike ambiguity