Question: What are the three levels of management hierarchy? For each level, which management skills might be considered most important, and why?

Identify the four basic managerial functions. Suppose you were hired to be the manager of a local restaurant. Which managerial functions would likely be the biggest part of your job? In what ways?

Describe the link between a company's vision and its ethical standards. Why is it important for top management to put forth a clear vision and ethical standards for a company?

Identify the four types of planning, then think about the following scenario. Suppose you planned a large cookout with your friends, but when you woke up on the morning of the party, it was pouring rain. What type of planning would you use prior to the storm? What type of planning would allow you to cope with the rain? Specifically, what could you do?

What is the link between a firm's vision and its mission statement? Think about your own career as a start-up venture. What is your vision? What might be your mission statement?