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MGMT 339 Exam 1 Questions and Answers (latest version verified for accuracy) | Latest!! (Verified Answers) Study Guide

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MGMT 339 Exam 1 Questions and Answers (latest version verified for accuracy) | Latest!! (Verified Answers) Study Guide

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MGMT 339 Exam 1 Questions and Answers (latest version verified for
accuracy) | Latest!! (Verified Answers) Study Guide



The Role of Management - (ANSWER)-Guide organizations toward goal accomplishment

-Combine and use organizational resources to ensure organizations achieve their purpose

-Encourage individual activities are focused on reaching organizational goals

-Focus on activities or other factors that may get in the way of goal achievement



Planning - (ANSWER)-Setting organizational goals

-Identifying actions to achieve the goals



Organizing - (ANSWER)-Determining tasks and groupings of work

-Assigning tasks to individuals in the organization



Influencing - (ANSWER)-Working with people within organizations

-Guiding the activities of organization members in appropriate directions



Controlling - (ANSWER)-Monitoring and measuring organizational performance

-Determining if organization should be modified to meet pre-established standards



Mistakes Managers Make in Carrying out the Managerial Functions - (ANSWER)Planning:

1. Not establishing objectives for all important organizational ares.

2.Making plans that are too risky.

3.Not exploring enough viable alternatives for reaching objectives



Organizing:

1. Not establishing departments appropriately.

2. Not emphasizing coordination of organization members.

3. Establishing inappropriate spans of management.

, MGMT 339 Exam 1 Questions and Answers (latest version verified for
accuracy) | Latest!! (Verified Answers) Study Guide




Influencing:

1. Not taking the time to communicate properly with organization members.

2. Establishing improper communication networks.

3. Being a manager but not a leader.



Controlling:

1. Not monitoring progress in carrying out plans.

2. Not establishing appropriate performance standards.

3. Not measuring performance to see where improvements might be made



Organizational Resources - (ANSWER)- Human: employees / work for an organization

- Monetary: amounts of $$ that managers use to purchase goods and services for the organization.

- Raw Materials: ingredients to make products

- Capital: machines used during the manufacturing process



Managerial Effectiveness - (ANSWER)When resources are used to achieve goals, managers are effective.



Managerial Efficiency - (ANSWER)When resources contribute to productivity, managers are efficient
*lower resources but yield high productivity, means the manager is efficient



Management Skills - Technical - (ANSWER)Ability to apply specialized knowledge and expertise to work-
related procedures



Management Skills - Human - (ANSWER)Building cooperation with team being led



Management Skills - Conceptual - (ANSWER)Ability to see the organization as a whole. How different
departments can complement each other

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