Efficiency - Answer-"The means." Attaining the organizations goals. Using resources wisely.
Effectiveness - Answer-"The ends." Achieve results, make right decisions, successfully carry them out so that they achieve the organizations goals.
Planning, organizing, leading, controlling - Answer-W...
Management 420 Exam #1 Questions
and Answers
Efficiency - Answer-"The means." Attaining the organizations goals. Using resources
wisely.
Effectiveness - Answer-"The ends." Achieve results, make right decisions, successfully
carry them out so that they achieve the organizations goals.
Planning, organizing, leading, controlling - Answer-What are the four management
functions?
Planning - Answer-Setting goals and deciding how to achieve them
Organizing - Answer-Arranging tasks, people, and other resources to accomplish the
work
Leading - Answer-Motivating, directing, and otherwise influencing people to work hard
to achieve the organizations goals.
Controlling - Answer-Monitoring performance, comparing it with goals, and taking
corrective action as needed.
Top managers - Answer-Type of manager that makes long-term decisions about the
overall direction of the organization and establish the objectives, policies, and strategies
for it
Middle managers - Answer-Type of manager that implements the policies and plans of
the top managers above them and supervises and coordinates the activities of the first-
line managers below them.
First-line managers - Answer-Type of manager that makes short-term operating
decisions, directing the daily tasks of non managerial personnel.
Henry Mintzberg - Answer-Who was responsible for the 3 principle managerial roles?
Human relations, conceptual, and technical - Answer-What are the 3 skills that star
managers need to cultivate to be successful?
Human relations - Answer-Which skill is important to all managers?
Technical - Answer-Which skill is most important for first-line managers?
Technical - Answer-Top management cannot keep up with their _____ skills any longer.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
