Chapter 1 Student name:__________ 1) The best managers prioritize efficiency over effectiveness. ⊚ true ⊚ false 2) The four fundamental management principles include analyzing current situations, determining objectives, choosing business strategies, and determining the resources needed to achieve the organization's goals. ⊚ true ⊚ false 3) Maura has weekly meetings with her managers to discuss their work and to share ideas for improvement. Maura exhibits the leading function of management. ⊚ true ⊚ false 4) Successful managers do not need to utilize all four functions of management, just the ones relevant to their business. ⊚ true ⊚ false 5) Top-level managers are also called tactical managers because they must translate general goals into specific objectives and activities. ⊚ true ⊚ false