Chapter 07 – Management and Leadership
7-92
Last year, Idle Time Gaming, Inc., experienced one of the most successful introductions
of one of its new action videos since the company’s inception. The CEO announced that
sales and profits had exceeded company projections. He attributed the success to a
flexible plan, which included good design, accurate product testing, and innovative
marketing and sales tactics. In order to have good recall of the procedures that were put in
place for this successful introduction, he has charged a team of managers to develop a(n)
__________________ system, so the company can avoid “reinventing the wheel.” For
future introductions, he wants to be able to recall what worked and what didn’t work.
A. information technology
B. human relations management
C. enablement management
D. knowledge management
Feedback: Knowledge management is a system of finding the right information, keeping the
information in a readily accessible place, and making the information available to all
employees.
269. The first step in controlling consists of:
A. issuing orders and explaining routines.
B. setting clear performance standards.
C. establishing a clear chain of command.
D. assigning workers to perform specific tasks.
270.