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Exam (elaborations)

Mgmt 310 Exam 1 || QUESTIONS WITH COMPLETE SOLUTIONS!!

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  • Course
  • Mgmt 310
  • Institution
  • Mgmt 310

Manager correct answers Someone who coordinates and oversees the work of other people so that organizational goals can be accomplished Levels of management correct answers 1. Non managerial employees 2. First-line managers 3. Middle managers 4. Top managers First-line managers correct answ...

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  • August 28, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Mgmt 310
  • Mgmt 310
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Mgmt 310 Exam 1 || QUESTIONS WITH COMPLETE
SOLUTIONS!!
Manager correct answers Someone who coordinates and oversees the work of other people so
that organizational goals can be accomplished

Levels of management correct answers 1. Non managerial employees
2. First-line managers
3. Middle managers
4. Top managers

First-line managers correct answers Manage the work of non-managerial employees

Middle managers correct answers Manage the work of first-line managers

Top managers correct answers Responsible for making organization-wide decisions and
establishing plans and goals that affect the entire organization

Organization correct answers A deliberate arrangement of people to accomplish some
specific purpose

Characteristics of organizations correct answers Distinct purpose
Deliberate structure
People

Why are managers important? correct answers Critical to get things done

Management correct answers Involves coordinating and overseeing the work activities of
others so that their activities are completed efficiently and effectively

Efficiency correct answers Doing things right. Getting the most output from the least amount
of input

Effectiveness correct answers Doing the rights things. Attaining organizational goals

What does management strive for? correct answers Low resource waste and high goal
attainment

Planning correct answers Defining goals, establishing strategies to achieve goals, and
developing plans to integrate and coordinate activities

Organizing correct answers Arranging and structuring work to accomplish organizational
goals

Leading correct answers Working with and through people to accomplish goals

Controlling correct answers Monitoring, comparing, and correcting work

Four manager functions correct answers Planning, organizing, leading, controlling

, Roles correct answers Specific actions or behaviors expected and exhibited by a manager

Mintzberg's managerial roles correct answers Interpersonal, informational, decisional

Katz's managerial skills correct answers Technical, human, conceptual

Changes facing managers correct answers Technology, increased competitiveness, security
threats

Social media correct answers Forms of electronic communication through which users create
online communities to share ideas, information, personal messages, and other content

Innovation correct answers Exploring new territory, taking risks, and doing things differently

Sustainability correct answers A company's ability to achieve its business goals and increase
long-term shareholder value by integrating economic, environmental, and social opportunities
into its business strategies

Universality of management correct answers The reality that management is needed in all
types and sizes of organizations, at all organizational levels, in all organizational areas, and in
organizations no matter where located

Decision correct answers A choice among two or more alternatives

Decision making process correct answers 1. Identify a problem
2. Identify decision criteria
3. Allocate weights to the criteria
4. Develop alternatives
5. Analyze alternatives
6. Select an alternative
7. Implement the alternative
8. Evaluate decision effectiveness

Problem correct answers An obstacle that makes it difficult to achieve a desired goal or
purpose

What does every decision start with? correct answers A problem

Rational decision-making correct answers Choices that are logical and consistent and
maximize value

Bounded rationality correct answers Decision making that's rational, but limited (bounded)
by an individual's ability to process information

Satisfice correct answers Accepting solutions that are "good enough"

Escalation of commitment correct answers An increased commitment to a previous decision
in spite of negative information

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