Mgmt 310 Exam 1 || QUESTIONS WITH COMPLETE SOLUTIONS!!
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Course
Mgmt 310
Institution
Mgmt 310
Manager correct answers Someone who coordinates and oversees the work of other people so that organizational goals can be accomplished
Levels of management correct answers 1. Non managerial employees
2. First-line managers
3. Middle managers
4. Top managers
First-line managers correct answ...
Mgmt 310 Exam 1 || QUESTIONS WITH COMPLETE
SOLUTIONS!!
Manager correct answers Someone who coordinates and oversees the work of other people so
that organizational goals can be accomplished
Levels of management correct answers 1. Non managerial employees
2. First-line managers
3. Middle managers
4. Top managers
First-line managers correct answers Manage the work of non-managerial employees
Middle managers correct answers Manage the work of first-line managers
Top managers correct answers Responsible for making organization-wide decisions and
establishing plans and goals that affect the entire organization
Organization correct answers A deliberate arrangement of people to accomplish some
specific purpose
Characteristics of organizations correct answers Distinct purpose
Deliberate structure
People
Why are managers important? correct answers Critical to get things done
Management correct answers Involves coordinating and overseeing the work activities of
others so that their activities are completed efficiently and effectively
Efficiency correct answers Doing things right. Getting the most output from the least amount
of input
Effectiveness correct answers Doing the rights things. Attaining organizational goals
What does management strive for? correct answers Low resource waste and high goal
attainment
Planning correct answers Defining goals, establishing strategies to achieve goals, and
developing plans to integrate and coordinate activities
Organizing correct answers Arranging and structuring work to accomplish organizational
goals
Leading correct answers Working with and through people to accomplish goals
Controlling correct answers Monitoring, comparing, and correcting work
Four manager functions correct answers Planning, organizing, leading, controlling
, Roles correct answers Specific actions or behaviors expected and exhibited by a manager
Social media correct answers Forms of electronic communication through which users create
online communities to share ideas, information, personal messages, and other content
Innovation correct answers Exploring new territory, taking risks, and doing things differently
Sustainability correct answers A company's ability to achieve its business goals and increase
long-term shareholder value by integrating economic, environmental, and social opportunities
into its business strategies
Universality of management correct answers The reality that management is needed in all
types and sizes of organizations, at all organizational levels, in all organizational areas, and in
organizations no matter where located
Decision correct answers A choice among two or more alternatives
Decision making process correct answers 1. Identify a problem
2. Identify decision criteria
3. Allocate weights to the criteria
4. Develop alternatives
5. Analyze alternatives
6. Select an alternative
7. Implement the alternative
8. Evaluate decision effectiveness
Problem correct answers An obstacle that makes it difficult to achieve a desired goal or
purpose
What does every decision start with? correct answers A problem
Rational decision-making correct answers Choices that are logical and consistent and
maximize value
Bounded rationality correct answers Decision making that's rational, but limited (bounded)
by an individual's ability to process information
Satisfice correct answers Accepting solutions that are "good enough"
Escalation of commitment correct answers An increased commitment to a previous decision
in spite of negative information
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