26 May Question ANS: 51. Organizations are learning to value stability and efficiency over c
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51. Organizations are learning to value stability and efficiency over change and speed because of changes in technology, globalization, and diversity.
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52. Companies can survive over the long run without innovation as long as they are successful imitators.
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53. Despite the need for companies to control costs in today’s economy, innovation has become the new imperative.
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54. Recognizing the value of employees involves the organizing role of management.
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55. Resources such as efficiency and effectiveness are used by managers to attain organizational goals.
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56. Allocating resources across the organization is part of the organizing management function.
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57. An important phase within the controlling function of management is making corrections when necessary.
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58. By calculating the amount of resources used to produce a single automobile at a manufacturing plant, managers are determining organizational effectiveness.
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59. The ultimate responsibility of managers is to achieve high performance by balancing efficiency and effectiveness.
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60. The majority of business failures are the result of poor human skills.
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61. Most top executives routinely work at least 12 hours a day and spend 50 percent or more of their time traveling.
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62. Customer relationship management systems collect and manage large amounts of data about customers and make them available to employees.
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63. The sequence of suppliers and purchasers, covering all stages of processing from obtaining raw materials to distributing finished goods to consumers is referred to as CRM.
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