Exam (elaborations)
TAMU MGMT 309 EXAM #1 QUESTIONS 100% CORRECT
- Course
- Institution
TAMU MGMT 309 EXAM #1
[Show more]
Content preview
TAMU MGMT 309 EXAM #1Organization - answer- A group of people working together in a structure and
coordinated fashion to achieve a set of goals
Human Resources - answer- Managerial talent and labor
- Hiring and firing
Financial Resorces - answer- Capital investments to support ongoing and long-term
operations
Physical Resorces - answer- Raw materials' office and production facilities, and
equipment
Information resources - answer- useable data and information used by an organization.
Examples of information resources are databases with customer purchase information
Managment - answer- A set of activities (planning and decision making, organizing,
leading, and controlling) directed at an organization's resources (human, finical,
physical, and information) with the aim of achieving organizational goals in an "efficient
and effective manner"
Basic Purpose of Management - answer- Efficiently using resources wisely and in a
cost-effective way
- Effectively making the right decisions and successfully implementing them
A Manager - answer- Someone whose primary responsibility is to carry out the
management process (plans and makes decisions, organizes, leads, and controls
human, finical, physical, and information resources)
- Plans and Makes Decisions (Determining goals and courses of action)
- Organizes (Coordinating activities and resources)
- Leads (Motivating and managing people)
- Controls (Contains)
Managment Proccess - answer- Planing --> Decision Making --> Organizing --> Leading
--> Controlling --> Planing... (repeat)
3 Types of Managers (by Level) - answer1) Top Managers
2) Middle Managers
3) First-Line Managers
Top Managers - answer- A small group of executives who manage the overall
organization
, - They create the organization's goals, overall strategy, and operating policies
Middle Managers - answer- Primarily responsible for implementing the policies and
plans of top managers
- They supervise and coordinate the activities of lower level managers
First - Line Managers - answer- Supervise and coordinate the activities of the operating
employees
- Most managers fall into this category (highest population of this type)
6 Kinds of Managers (by Area) - answer1) Marketing
2) Financial
3) Operations
4) Human Resources
5) Administrative
6) Specialist / Other
Marketing Managers - answer- Work in areas related to getting consumers and clients
to buy the organization's products or services - new product development, promotion,
and distribution
- Work on "How to appeal to costumers..."
Financial Managers - answer- Manage financial resources and processes
Operations Managers - answer- Are involved with systems that create products and
services - production control, inventory, quality control, plant layout, site selection
- Inputs --> Outputs
Human Resources Managers - answer- Are involved in human resource activities
- Hiring, ethics, firing, culture development
Administrative Managers - answer- Are generalists familiar with all functional areas of
management and are not associated with any particular management specialty
- Broad overview of everything
Specialist / Other Managers - answer- Hold specialized managerial positions (e.g. public
relations managers) directly related to the needs of the organization
3 Mintzberg Managerial Roles - answer- Interpersonal
- Informational
- Decisional
Interpersonal Roles - answer- Figurehead, leader, and liaison roles involve dealing with
other people
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jw638729. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now