Managers must understand who owns the company and what their interests are. Indicate whether the statement is true or false

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Business Owner:

A business owner can either be an individual or a group of people who are legal proprietors of an entity. Business owners determine and control how the business will be run and choose how to cater to market demand while focusing on their profitability and performance.

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The correct answer is True.

Managers must understand who owns the company and their interests because they are employed to plan, organize, lead,...

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What is a Manager? - Definition, Goals & Responsibilities

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Learn about managers. Understand who is a manager, learn what it means to be a manager, and see the importance of studying management to pursue this career path.

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Managers of high-performing companies tend to consider the interests of the most profitable stakeholder groups as they make decisions. Indicate whether the statement is true or false.
Managers should help employees interpret how they should feel about information they receive from their managers. Indicate whether the statement is true or false.
All managers are leaders. Indicate whether the statement is true or false.
The general responsibility of the board of directors is to ensure that executives are acting in their own best interests. Indicate whether the statement is true or false
Indicate whether the statement is true or false. Sometimes senior managers make decisions based on personal, and not shareholder, interest.
A key strategy for shareholders is to align the interests of executives with their own, or closely monitor and control what executives do. Indicate whether the statement is true or false
All leaders are managers. Indicate whether the statement is true or false.
A firm's stakeholders include all of those groups or individuals who have an interest in how a firm performs. Indicate whether the statement is true or false
Managers may have self-serving motives for diversification. Indicate whether the statement is true or false
To be effective, managers and employees must know how to interpret the feelings of others. a. True b. False
A company's board of directors' legal obligation is to represent the shareholders and protect their interests. Indicate whether the statement is true or false
Effective leaders know that what they do is more important than what they say because they set the example for their employees. True False
What managers and owners say is more important in determining employee ethical behavior than what they do. a. True b. False
Indicate whether the statement is true or false. Managers may willingly overpay in mergers and acquisitions in order to maximize their own interests.
Firms establish stock ownership policies in an attempt to ensure that executives act in the best interests of the shareholders. Indicate whether the statement is true or false.
Managers must understand and manage both the power and the peril of social media. Indicate whether the statement is true or false.
An agent is responsible for conducting business in accordance with the owner's desires. Indicate whether the statement is true or false.
Some things that would be in shareholders' best interests may be detrimental to the best interests of executives, and vice versa. Indicate whether the statement is true or false.
If a manager has control over their subordinates, they are using delegation. Is the statement true or false?
Stakeholder analysis allows managers to gain a better understanding of the groups and individuals who have a vested interest in the firm's strategy and some influence on the firm's performance. Indicate whether the statement is true or false
Managers play the unique role of being a resource for the firm and having capabilities they use to manage the firm. Indicate whether the statement is true or false
Only managers have power at work. Indicate whether the statement is true or false.
It is not possible for one company to influence the operating policies of another company unless it owns more than 50% interest in that company. True False
The inputs in an organization include the personal values of managers. Indicate whether the statement is true or false.
Employees of transformational leaders tend to be more committed to their organizations. Indicate whether this statement is true or false.
When managers pay attention to moral issues, their organizations gain positive benefits. Indicate whether the statement is true or false.
Most executives believe that some strategic information should remain confidential to top managers. Indicate whether the statement is true or false
An employee who believes that he cannot influence what happens is guided by internal control. Indicate whether the statement is true or false.
Unlike ROI, managers cannot manipulate the numbers of EVA. Indicate whether the statement is true or false
The attitude of most servant leaders is that the leader is in charge, and subordinates are there to serve his or her best interests. Indicate whether the statement is true or false.
Vision and mission statements inform managers and employees of the firm's direction. Indicate whether the statement is true or false.
Although shareholders invest money in a firm, they have very little influence on management. Indicate whether this statement is true or false.
The interests of principals and agents generally overlap completely. Indicate whether the statement is true or false
Most managers are very willing and able to set measurable goals for their subordinates. Indicate whether this statement is true or false.
The identity of non-management workers is associated with their organization or their profession. Indicate whether the statement is true or false.
Stewardship theory proposes insiders tend to identify with the corporation and its success. Indicate whether the statement is true or false
Is it true or false that nonrational models of decision-making assume managers have full information and can make the best decision for their organization, and only describe how managers should make decisions, not how they actually do?
Managerial functions and roles are the means by which a manager completes a job. Indicate whether the statement is true or false.
Firms typically find potential management employees in colleges and universities. Indicate whether this statement is true or false.
Corporate meetings are designed to allow managers to coordinate activities with subordinates in their units. Indicate whether this statement is true or false.
With stock ownership, executives are risking their own human capital. Indicate whether the statement is true or false
Managers exclusively play the role of change agents. Indicate whether the statement is true or false.
Explicit knowledge is what employees can typically learn only through experience. Indicate whether this statement is true or false.
The primary difference between a leader and a manager is in how they function within an organization. Indicate whether the statement is true or false.
Indicate whether the statement is true or false. A company may have some stakeholders of which it is only marginally aware.
An effective leader helps employees focus their efforts on goals and keeps them driving to accomplish them. Indicate whether the statement is true or false.
In the U.S., strategic decisions tend to be made primarily in the interest of employees. Indicate whether the statement is true or false.
Managers need to understand cultural differences to make effective decisions in today's fast-moving world. Indicate whether the statement is true or false.
Managers need to make sure that employees who perform at a high level do in fact receive the outcomes that they desire - outcomes with high positive valence. Indicate whether the statement is true or false.
"Copreneurs" are entrepreneurial couples who work together as co-owners of their business. Indicate whether the statement is true or false.
Making decisions is the sole province of managers. Indicate whether the statement is true or false.
Indicate whether the statement is true or false. Managers may be willing to compromise shareholder interests and make acquisitions that do nothing more than increase the size of the firm.
Managerial know-how is a general resource that could be exploited in any number of contexts. Indicate whether the statement is true or false
The majority of outside directors are active or retired CEOs and COOs of other corporations. Indicate whether the statement is true or false
Firms do not have the right to participate in political processes because of the particular interests they represent. Indicate whether the statement is true or false
Managing employee relations is usually assigned to HR. Indicate whether this statement is true or false.
Organizations influence their employees to volunteer. Indicate whether the statement is true or false.
During orientation, employees typically learn about the firm and how their job fits into the firm's organizational structure and goals. Indicate whether this statement is true or false.
Organizational stakeholders include shareholders, banks, and other financial intermediaries. Indicate whether the statement is true or false
Managers can typically expect to stay in their job for about five years. Indicate whether the statement is true or false.
Most managers have little impact on the amount of personal power they possess, but a great deal of impact on the amount of position power they have. a. true. b. false
Supervision satisfaction reflects employees' feelings about their coworkers and their bosses. Indicate whether this statement is true or false.
Participative leaders let followers know what is expected of them, participate in the scheduling of work, and give specific guidance to workers. Indicate whether the statement is true or false.
Indicate whether the following statement is true or false: Managers who abuse power and politics to promote their own interests are likely to harm the interests of others.
Indicate whether the statement is true or false. Most of the motives behind mergers and acquisitions reflect shareholders' best interests.
Executives of the firm who also serve on the board are often referred to as "insiders." Indicate whether the statement is true or false
Outside directors may be executives of other firms but are not employees of the board's corporation. Indicate whether the statement is true or false
Indicate whether the statement is true or false. When integrating acquisitions, most managers tend to focus on personnel issues.
Value-chain management forces firms to handle all value-chain activities internally. Indicate whether the statement is true or false
Unfortunately for management, engaged workers tend to be so self-absorbed and interested in their own careers that they lower organizational prosperity. Indicate whether the statement is true or false.
True or false? Operations management is the only function by which managers can directly affect the value provided to all stakeholders: customers, employees, investors, and society.
CEO compensation is dependent on the compensation of other managers and salaried workers. Indicate whether the statement is true or false
True or false? For open-book management to be effective, employees must be able to understand the company's financial statements.
It is important for managers to draw industry boundaries in a way that enables them to understand the dynamics of competition. A. True B. False
Employees who are engaged completely invest their energies and themselves into the job. Indicate whether this statement is true or false.
State true or false and justify your answer: Top managers probably make up the largest group of managers in most organizations.
MBO encourages employees to participate in setting their own goals. Indicate whether the statement is true or false.
Those who hold a management position are the only individuals who can become leaders in a group or organization. Indicate whether the statement is true or false.
Managers with a polycentric attitude tend to view every foreign operation as different and hard to understand. Indicate whether the statement is true or false.
The work of Edward Deci suggests that managers should primarily rely on extrinsic rewards to motivate employees. Indicate whether this statement is true or false.
Middle managers are generally the most visible and critical of all strategic managers. Indicate whether the statement is true or false
In impression management, individuals use association and conformity to manipulate information about themselves. Indicate whether the statement is true or false.
According to Mintzberg, decisional roles include the entrepreneurial activities carried out by a manager. Indicate whether the statement is true or false.
Research indicates that entrepreneurs tend to crave control. Indicate whether this statement is true or false.
Change agents are synonymous with managers. Indicate whether the statement is true or false.
An integration manager is appointed to oversee the merger of two firms. Indicate whether the statement is true or false
When managers decide on generic competitive positions, they are actually deciding on strategies themselves. Indicate whether the statement is true or false
Bottom-up changes sometimes originate from managers. Indicate whether the statement is true or false.
A company's stakeholders include its stockholders. (a) True (b) False.
The ability to learn from operations can be helped if managers perceive that there is too much to be learned. Indicate whether the statement is true or false.
An individual who is team oriented and has experience in the industry in which the franchise competes is a good candidate to be a franchisee. Indicate whether the statement is true or false.
Shareholders have very little direct control over what happens with a firm. Indicate whether the statement is true or false.
While managers strive to align their firms with the external environment, they must also remember that their own work is carried out within the internal environment of their firms. a. True b. False
Firms need to provide training and guidance to employees to deal with antitrust concerns. Indicate whether the statement is true or false
When executives own stock in their own firms, they face the problem of being able to balance their risk exposure. Indicate whether the statement is true or false
The main determinant of CEO pay is the firm's industry. Indicate whether the statement is true or false
By choosing certain forms of ownership, an entrepreneur does not give up some control over the company. Indicate whether the statement is true or false.
"Corporate dropouts" are middle managers who are laid off from large corporations and decide to start their own businesses rather than return to a corporate job. Indicate whether the statement is true or false.
True or false? Managers who involve employees in decision-making find that better decisions are made and employees are more likely to support those decisions.
People are more willing to accept changes if they trust the managers implementing them. Indicate whether the statement is true or false.

Managers must understand who owns the company and what their interests are. Indicate whether the...

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Business Owner:

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