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TMP 127 Final Exam Questions With Correct Answers

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TMP 127 Final Exam Questions With Correct Answers What is management? - answerThe planning, organizing, leading, and controlling of human and other resources to achieve organizational goals effectively and efficiently What are organizations? What is their goal? - answerwhich are collections of ...

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  • October 21, 2024
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©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM



TMP 127 Final Exam Questions With
Correct Answers

What is management? - answer✔The planning, organizing, leading, and controlling of human

and other resources to achieve organizational goals effectively and efficiently


What are organizations? What is their goal? - answer✔which are collections of people who work

together and coordinate their actions to achieve a wide variety of goals or desired future

outcomes




Goal: provide goods and services that customers value and desire


What is organizational performance? - answer✔measure of how efficiently and effectively

managers use available resources to satisfy customers and achieve organizational goals


What is efficiency? - answer✔a measure of how productively resources are use to achieve a goal

— organizations are efficient when managers minimize the amount of input resources


What is effectiveness? - answer✔a measure of the appropriateness of the goals that managers

have selected for the organization to pursue the degree to which the organization achieves those

goals

, ©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM


Low efficiency, high effectiveness - answer✔Manager chooses the right goals to pursue, but

does a poor job of using resources to achieve these goals.




RESULT: A product that customers want, but that is too expensive for them to buy.


Low efficiency/low effectiveness - answer✔Manager chooses wrong goals to pursue and makes

poor use of resources.




RESULT: A low-quality product that customers do not want.


High efficiency, high effectiveness - answer✔Manager chooses the right goals to pursue and

makes good use of resources to achieve these goals.




RESULT: A product that customers want at a quality and price that they can afford.


Low efficiency, low effectiveness - answer✔Manager chooses wrong goals to pursue and makes

poor use of resources.




RESULT: A low-quality product that customers do not want.

, ©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM


What is planning? - answer✔identifying and selecting appropriate goals: one of the four

principle tasks of management


3 steps involved in planning - answer✔1) deciding which goals the organization will pursue


2) deciding what strategies to adopt to attain those goals

3) deciding how to allocate organizational resources to pursue the strategies and attain those

goals


What is organizing and what is the outcome? - answer✔structuring working relationships in a

way that allows organizational members to work together to achieve organizational goals; one of

the four principal tasks of management




Outcome: organizational structure


Organizational Structure - answer✔a formal system of task and reporting relationships that

coordinates and motivates organizational members so they work together to achieve

organizational goals


What is leading? - answer✔articulating a clean vision and energizing and enabling

organizational members so they understand the part they play in achieving organizational goals;

one of the four principal tasks of management

, ©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM


What does leading allow managers to do? - answer✔articulate a clear organizational vision for

the organization's members to accomplish


What is controlling? - answer✔evaluating how well an organization is achieving its goals and

taking action to maintain or improve performance; one of the four principals of management


2 different ways organizations differentiate their managers - answer✔1) by level in hierarchy


2) by type of skill


3 levels of managers - answer✔1) first-line managers


- a manager who is responsible for the daily supervision of nonmanagerial employees




2) middle managers

- a manager who supervises first-line managers and is responsible for finding the best way to use

resources to achieve organizational goals




3) top managers

- a manager who establishes organizational goals, decided how departments should interact, and

monitors the performance of middle managers


Hierarchy of control - answer✔- CEO

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