Management correct answers (1) pursuit of organizational goals efficiently and effectively by (2) integrating the work of people through (3) planning, organizing, leading, and controlling the organizations resources
Efficiency correct answers Use resources --people, money, raw materials, and the...
mgt 300 exam 1 || CORRECTLY ANSWERED!!
Management correct answers (1) pursuit of organizational goals efficiently and effectively by
(2) integrating the work of people through (3) planning, organizing, leading, and controlling
the organizations resources
Efficiency correct answers Use resources --people, money, raw materials, and the like wisely
and cost effectively
Effectiveness correct answers Achieve results, to make the right decisions and to successfully
carry them out so that they achieve the organization's goals
Seven challenges for being an effective manager correct answers 1. Competitive advantage -
outperform the competition
2. Managing for diversity
3. Managing for globalization
4. Managing for new information
5. Managing for ethical standards
6. Managing for sustainability
7. Managing for happiness
Four functions of management correct answers Planning, organizing, controlling, leading
Levels of management correct answers Top managers (CEO, COO, President) - Make long
term decisions about the overall direction of the organization and establish the objectives,
policies, and strategies.
Middle managers - Implement the policies and plans of the top managers above them and
supervise and coordinate the activities of the first line managers below them.
First line managers - Make short term operating decisions, directing the daily tasks of non
managerial personnel
Team leaders - A manager who is responsible for facilitating team activities toward achieving
key results
Types of managerial roles correct answers Functional manager - Responsible for just one
organizational activity
General manager - Responsible for several organizational activities
Skills and traits of managers correct answers Technical skills - job-specific knowledge
needed to perform well in a specialized field.
Conceptual skills - Ability to think analytically, to visualize an organization as a whole and
understand how the parts work together
Human skills - Work well with people
Soft skills - Ability to motivate, to inspire trust, to communicate with others
Historical perspective correct answers Classical - emphasized finding ways to manage work
more efficiently
Behavioral - Importance of understanding human behavior and motivating and encouraging
employees
Quantitative - Applies quantitative techniques to management
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