Exam (elaborations)
COB 300 Management test
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COB 300 Management test 1
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COB 300 Management test 1Organization - Answers -a group of people who work together to achieve some specific
purpose
Management - Answers -1. The persuit of organizational goals efficiently and effectivly
2. integrating the work of people through
3. planning, organizing, leading, and controlling the organizations resources
efficient - Answers -using resources (people, money, raw materials, and the like) wisely
and cost effectivly
effective - Answers -to acheive results, to make the right decisions, and to successfully
carry them out so that they achiev the organizations goals
multiplier effect - Answers -your influence on the organization is multiplied far beyond
the results that can be achieved by just one person acting alone
competitive advantage - Answers -the ability of an organization to produce goods or
services more efficiently than competitors do, thereby outperforming them
innovation - Answers -finding new and better ways to deliver goods and services
collaborative computing - Answers -using state of the art computer software and
hardware, to help people work better
knowledge management - Answers -the implimenting of systems and practices to
increase the sharing of knowledge and information throughout a organiztion
sustainability - Answers -economic development hat meets the needs of the present
without compromising the ability of future generations to meet their own needs
4 management functions - Answers -planning, organizing, leading, and controlling
planning - Answers -setting goals and deciding how to achieve them
Organizing - Answers -defined as arranging tasks, people, and other resources to
accomplish the work
leading - Answers -is defined as motivating, directing, and otherwise influencing people
to work hard to achieve the organizations goals
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