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COB 300 Management test 1 questions with complete solutions
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COB 300 Management test 1 questions with complete solutions
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COB 300 Management test 1Organization - correct answer ✔✔a group of people who work together to achieve some specific
purpose
Management - correct answer ✔✔1. The pursuit of organizational goals efficiently and effectively
2. integrating the work of people through
3. planning, organizing, leading, and controlling the organizations resources
efficient - correct answer ✔✔using resources (people, money, raw materials, and the like) wisely and
cost effectivly
effective - correct answer ✔✔to acheive results, to make the right decisions, and to successfully carry
them out so that they achiev the organizations goals
multiplier effect - correct answer ✔✔your influence on the organization is multiplied far beyond the
results that can be achieved by just one person acting alone
competitive advantage - correct answer ✔✔the ability of an organization to produce goods or services
more efficiently than competitors do, thereby outperforming them
innovation - correct answer ✔✔finding new and better ways to deliver goods and services
collaborative computing - correct answer ✔✔using state of the art computer software and hardware, to
help people work better
knowledge management - correct answer ✔✔the implimenting of systems and practices to increase the
sharing of knowledge and information throughout a organiztion
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