Exam (elaborations)
COB 300 Management Exam 1 (Eliason) Questions and Answers 100% Pass
COB 300 Management Exam 1
(Eliason) Questions and Answers
100% Pass
Management - process of using organizational resources efficiently and effectively to achieve
organizational goals through people
Effectiveness - producing desired goal that customers value
Efficiency - producing without wast...
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COB 300 Management Exam 1
(Eliason) Questions and Answers
100% Pass
Management - ✔✔process of using organizational resources efficiently and effectively to achieve
organizational goals through people
Effectiveness - ✔✔producing desired goal that customers value
Efficiency - ✔✔producing without waste
using minimal resources
Planning - ✔✔central function of management that involves setting goals and figuring out ways to reach
them
looks to the future
Example of Planning - ✔✔ex: annual budget
Organizing - ✔✔process of assigning the necessary resources to implement the plan and to achieve
organizations goals
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assigning and dividing work and authority
Example of organizing - ✔✔ex: order supplies and materials, hiring and training
Leading - ✔✔influencing others to achieve organizational objectives
Example of leading - ✔✔ex: inspiring and motivating
communicating with employees
Controlling - ✔✔comparing actual performance outcomes to a predetermined standard
monitoring progress and taking corrective actions
Example of controlling - ✔✔ex: quality control
inspections
Functions of Management - ✔✔planning
organizing
leading
controlling
Top Level Managers - ✔✔responsible for major decisions, providing the organization with a clear
direction, and planning strategically to reach goals
Examples of top level managers - ✔✔ex: CEO, President, VP
have few of these
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Lead Athor
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Middle Level Managers - ✔✔responsible for coordinating activities within a firm, plan and allocate
resources, monitor sub-units and managers, implement change from top-level
Example of middle level managers - ✔✔ex: director, branch manager, general, dean
Front (First) Line Managers - ✔✔oversee and execute daily tasks, teach entry-level employees, create
detailed operating plans based on middle managers intermediate-range plans
responsible for meeting annual goals
Example of front line managers - ✔✔ex: supervisor, manager, team leader
Examples of individual workers - ✔✔ex: maker, assembler
Individual Workers - ✔✔most people hold this position
these people either get promoted or quit
Feller's Diamond - ✔✔people don't always enter an organization at the bottom and move their way up,
they can enter from the side and leave from one of the points to another
Technical Core (Fellers) - ✔✔holds the company together, where the big decisions are made
is retained in hard times while other points may be laid off/eliminated
hold support services
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Emily Charlene
Lead Athor
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