Exam (elaborations)
Business Management Exam 1 With Complete Solutions Latest Update
- Module
- Business management
- Institution
- Business Management
Business Management Exam 1 With Complete Solutions Latest Update
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Business Management Exam 1 With CompleteSolutions Latest Update
Four Management Functions - correct answers 1. Planning
2. Organizing
3. Leading
4. Controlling
Management Skills - correct answers 1. Conceptual- ability to see the organization
as a whole system
2. Human Skills- Managers ability to work with the entire group.
3. Technical Skills- Understanding of and proficiency in the performance of specific
tasks.
Different levels of manager (Vertical) - correct answers -Top manager - setting
organizational goals, defining strategies for achieving them, monitoring and
interpreting the external environment
-Middle managers - implementing the overall strategies and policies defined by
top managers, concerning with the near future.
-First-line managers - Production of goods and services.
Horizontal Differences - correct answers i. Functional managers
1. Responsible for a department that performs a single functional task, such as
finance or marketing
, ii. General managers
1. Responsible for several departments that perform different functions, such as
the manager of Macy's department store or a Ford automobile factory.
Becoming a New Manager - correct answers a. Making the shift from individual
identity to manager identity
i. Specialist; performs tasks à generalist; coordinates diverse tasks
ii. Gets things done through own efforts à gets things done through others
iii. An individual actor à a network builder
iv. Works relatively independently à works in highly interdependent manner
Manager roles - correct answers -Informational role - activities used to maintain
and develop an information network.
-Interpersonal role - relationships with others and are related to the human skills
-decisional role - events about which the manager must make a choice and take
action
Social Forces: - correct answers Values, needs, standards of behavior influence →
Social Contract
Examples of Current Social Forces- Workers want
Flexible environment
Career Opportunity
Feel valued, able to influence company
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