1|Page
GB 370 Test 1 Ole Miss, GB 370 Test 2 Ole Miss Gentry, Unit 5 370 Gentry, Unit 6 Gentry,
Unit 7 Gentry, Unit 8 Gentry, GB 370 Unit 9 Principles of Management chapter 10, 16, GB
370 Unit 12, 370 Unit 10 Principles Management book 2,14, Unit 9 SYOB Boo...
Management - ANSWER The art of getting things done through
the efforts of other people
Principles of Management - ANSWER Are the activities that
"plan, organize, and control the operations of the basic
elements of [people], materials, machines, methods, money
and markets, providing direction and coordination, and giving
leadership to human efforts, so as to achieve the sought
objectives of the enterprise
P-O-L-C - ANSWER Planning, organizing, leading and controlling
Manager - ANSWER Budgeting, designing, the feeling, creating,
financing, accounting and artistic presentation: the larger the
organization, the more managers are needed
Empowerment - ANSWER Is the process of enabling or
authorizing an individual to think, behave, take action, and
control work and decision making in autonomous ways
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Top Managers - ANSWER Are responsible for developing the
organization's strategy and being a steward for its vision and
mission
Functional managers - ANSWER Are responsible for the
efficiency and effectiveness of an area, such as accounting or
marketing
Supervisory managers - ANSWER Are responsible for
coordinating a subgroup of a particular function or a team
composed of members from different parts of the organization
Line manager - ANSWER Leads a function that contributes
directly to the products or services the organization creates
Staff manager - ANSWER Leads a function that creates indirect
inputs
Project Manager - ANSWER As the responsibility for the
planning, execution, and closing of any project
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General manager
General manager - ANSWER Is someone who is responsible for
managing a clearly identifiable revenue-producing unit, such as
a store, business unit, or product line
Leadership - ANSWER As the social and informal sources of
influence that you use to inspire action taken by others
Entrepreneurship - ANSWER As the recognition of opportunities
(needs, wants, problems, and challenges) and the use or
creation of resources to implement innovative ideas for new,
thoughtfully planned ventures.
Entrepreneur - ANSWER Person who engages in the process of
entrepreneurship
Strategy - ANSWER Is the central integrated, externally-oriented
concept of how an organization will achieve its objectives. It's
about making choices
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Strategic management - ANSWER Is the body of knowledge that
answers questions about the development and implementation
of good strategies.
Small Business - ANSWER A business that is privately owned by
one individual or a small group of indivifuals; it has sales and
assets that are not large enough to influence its environment
Planning - ANSWER Is the function of management that involves
setting objectives and determining a course of action for
achieving those objectives
Environmental scanning - ANSWER which simply means that
planners must be aware of the critical contingencies facing their
organization in terms of economic conditions, their
competitors, and their customers. Planners must then attempt
to forecast future conditions
Strategic planning - ANSWER Involves analyzing competitive
opportunities and threats, as well as the strengths and
weaknesses of the organization, and then determining how to
position the organization to compete effectively in their
GB 370 Test 1 Ole Miss, GB 370 Test 2 Ole Miss Gentry, Unit 5 370 Gentry, Unit 6 Gentry,
Unit 7 Gentry, Unit 8 Gentry, GB 370 Unit 9 Principles of Management chapter 10, 16, GB
370 Unit 12, 370 Unit 10 Principles Management book 2,14, Unit 9 SYOB Boo...
Management - ANSWER The art of getting things done through
the efforts of other people
Principles of Management - ANSWER Are the activities that
"plan, organize, and control the operations of the basic
elements of [people], materials, machines, methods, money
and markets, providing direction and coordination, and giving
leadership to human efforts, so as to achieve the sought
objectives of the enterprise
P-O-L-C - ANSWER Planning, organizing, leading and controlling
Manager - ANSWER Budgeting, designing, the feeling, creating,
financing, accounting and artistic presentation: the larger the
organization, the more managers are needed
Empowerment - ANSWER Is the process of enabling or
authorizing an individual to think, behave, take action, and
control work and decision making in autonomous ways
,2|Page
Top Managers - ANSWER Are responsible for developing the
organization's strategy and being a steward for its vision and
mission
Functional managers - ANSWER Are responsible for the
efficiency and effectiveness of an area, such as accounting or
marketing
Supervisory managers - ANSWER Are responsible for
coordinating a subgroup of a particular function or a team
composed of members from different parts of the organization
Line manager - ANSWER Leads a function that contributes
directly to the products or services the organization creates
Staff manager - ANSWER Leads a function that creates indirect
inputs
Project Manager - ANSWER As the responsibility for the
planning, execution, and closing of any project
,3|Page
General manager
General manager - ANSWER Is someone who is responsible for
managing a clearly identifiable revenue-producing unit, such as
a store, business unit, or product line
Leadership - ANSWER As the social and informal sources of
influence that you use to inspire action taken by others
Entrepreneurship - ANSWER As the recognition of opportunities
(needs, wants, problems, and challenges) and the use or
creation of resources to implement innovative ideas for new,
thoughtfully planned ventures.
Entrepreneur - ANSWER Person who engages in the process of
entrepreneurship
Strategy - ANSWER Is the central integrated, externally-oriented
concept of how an organization will achieve its objectives. It's
about making choices
, 4|Page
Strategic management - ANSWER Is the body of knowledge that
answers questions about the development and implementation
of good strategies.
Small Business - ANSWER A business that is privately owned by
one individual or a small group of indivifuals; it has sales and
assets that are not large enough to influence its environment
Planning - ANSWER Is the function of management that involves
setting objectives and determining a course of action for
achieving those objectives
Environmental scanning - ANSWER which simply means that
planners must be aware of the critical contingencies facing their
organization in terms of economic conditions, their
competitors, and their customers. Planners must then attempt
to forecast future conditions
Strategic planning - ANSWER Involves analyzing competitive
opportunities and threats, as well as the strengths and
weaknesses of the organization, and then determining how to
position the organization to compete effectively in their
