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Chapter 5 Questions - Madison Williams
Chapter 5 Questions - Madison Williams
Introduction to Business
Chapter 5
9/29/23
Checkpoint Assessments
5.1
1. C. Personal satisfaction
2. D. Process Improvement
3. A manager may be very good at planning but fail to lead and organize well. If they are
unable to motivate employees to accomplish the goal they have set they will not be
successful.
4. Your ability to communicate and problem solve with others will affect your ability to work
well in a team. Some people enjoy doing their own work and not having to speak to or
coordinate with another person/people.
5.2
1. B. McClelland
2. B. Do not communicate with employees about the change until a final decision has been
made
3. People will always want to be paid better regardless of their current pay. As a company
you cannot constantly give your employees large raises. High wages and benefits will
make the job appealing and cause employees to be motivated to get a raise but other
forms of motivation are also important and can lead to more long-term success.
4. They can ask for ideas on how to make the switch easier, communicate in advance with
employees, and offer financial and emotional support
5.3
1. D. Taking corrective action when standards are not met
2. B. Quality standard
3. In most circumstances completing the 5 management functions in that specific order is
necessary but in other situations this is not possible or ideal. Planning is almost always
going to be the first step, without a solid plan the rest of the steps cannot be done well.
Organizing and staffing may swap as these steps would probably happen around the
same time. Leading and controlling can be the same way.
4. Quality standards. Though the amount of time and number of products you're producing
are very important, if you do not make high quality your company will not succeed.
5.4
1. D. Assign the problem to a trusted employee
2. C. Only buy on credit when the company will lose money if the purchase isn’t made
3. Regardless of how vigorously one plans you cannot account for everything, you cannot
plan for exact human behaviors and capabilities.
4. Develop their software, look at possible security risks, see what has happened in the
past.
Review Business Management Terms
1. M. Quality standard
2. C. Cost standard
3. N. Quantity standard
4. G. Motivators
5. R. Time standard
6. D. Hygiene factors
7. E. Inventory
8. I. Operations management
9. L. Process improvement
10. S. Variance