True or False 10 marks (1 mark each)

Read each statement carefully. If the statement is true, circle the T. If the statement is false, circle the F

1.The industrial revolution resulted in the establishment of factories and replaced the skilled craftsman who worked in their homes

2. The governing body of the corporation consists of its top-level managers.

3.A major difference among strategic plans, tactical plans, and operational plans is time frame.

4.Management is the process of planning, organizing, directing, and controlling an organizations resources to achieve its goals.

5.Organizational structure is defined as the specification of the jobs to be done within a business and how those jobs relate to one another.

6.Responsibility is the power to make decisions for those tasks that you have been given the authority to perform.

7. All service businesses must locate close to their clients.

8.Many business firms have increased their productivity by establishing goals for each department in areas such as labour, materials, capital, and energy.

9. Information and data are terms that have the same meaning.

10. Computers may be linked province-wide or even nationwide by wide area networks through telephone lines, microwave, or satellite communications.