Reference no: EM132205347

1. Max tells his board of directors that he is convinced that the company is operating in a munificent environment. The board agreed with him because they know that

financial resources were plentiful. 

funds were scarce.

demand for their product had declined considerably.

Stockholders were content with corporate performance.

2. When a general manager asks his or her unit supervisors for production data, the manager is likely preparing to make a decision about

which production supervisor to layoff.

which production supervisor to promote.

changes to the production process.

a presentation for the board of directors.

3. The sales manager at Cubbage Auto Sales presents data to the general manager that shows a 5% annual decline in units sold. In this example, the manager applies which management function?

Organizing

Planning

Controlling

Leading

4. Which of the following do NOT reflect the realities of instability in agriculture:

Moderate-sized farms are the least affected because they are generally diversified

Instability has its roots in a highly inelastic supply and demand

Farm programs generally are designed to reduce instability

Instability results in net farm income being more volatile than gross income

All of the above