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Exam (elaborations)

COB 300 Management Exam 1 questions well answered

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  • Course
  • COB 300D
  • Institution
  • COB 300D

COB 300 Management Exam 1 questions well answered

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  • September 11, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • COB 300D
  • COB 300D
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BravelRadon
COB 300 Management Exam 1
Management - correct answer ✔✔process of using organizational resources efficiently and effectively to
achieve organizational goals through people



Effectiveness - correct answer ✔✔producing desired goal that customers value



Efficiency - correct answer ✔✔producing without waste

using minimal resources



Planning - correct answer ✔✔central function of management that involves setting goals and figuring
out ways to reach them



looks to the future



Example of Planning - correct answer ✔✔ex: annual budget



Organizing - correct answer ✔✔process of assigning the necessary resources to implement the plan and
to achieve organizations goals



assigning and dividing work and authority



Example of organizing - correct answer ✔✔ex: order supplies and materials, hiring and training



Leading - correct answer ✔✔influencing others to achieve organizational objectives



Example of leading - correct answer ✔✔ex: inspiring and motivating

communicating with employees

,Controlling - correct answer ✔✔comparing actual performance outcomes to a predetermined standard



monitoring progress and taking corrective actions



Example of controlling - correct answer ✔✔ex: quality control

inspections



Functions of Management - correct answer ✔✔planning

organizing

leading

controlling



Top Level Managers - correct answer ✔✔responsible for major decisions, providing the organization with
a clear direction, and planning strategically to reach goals



Examples of top level managers - correct answer ✔✔ex: CEO, President, VP

have few of these



Middle Level Managers - correct answer ✔✔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 - correct answer ✔✔ex: director, branch manager, general, dean



Front (First) Line Managers - correct answer ✔✔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 - correct answer ✔✔ex: supervisor, manager, team leader

, Examples of individual workers - correct answer ✔✔ex: maker, assembler



Individual Workers - correct answer ✔✔most people hold this position



these people either get promoted or quit



Feller's Diamond - correct answer ✔✔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) - correct answer ✔✔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



Activities in the core - correct answer ✔✔ex: product/service design

manufacturing and supply chain expertise

information and data storage and security

critical leadership



Retired Expert (Fellers) - correct answer ✔✔hired back to solve a problem



Temporary/ Seasonal (Fellers) - correct answer ✔✔a job you come in and out of



Managers (Fellers) - correct answer ✔✔the first people fired in this diamond



System - correct answer ✔✔acquires inputs from environment, transforms them, discharges outputs to
external environments

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