California State University-Fullerton MGMT 339 EXAM 1 || A+
Guaranteed.
What background do most CEO's come from? correct answers Operations
Management correct answers -The process of working with people and organizational resources
to accomplish organizational goals effectively and efficiently using FOUR management
functions (POIC)
What are the 4 basic types of organizational resources? correct answers Human, Monetary, Raw
Materials, Capital
What is organizational resources composed of? correct answers all assets available for activation
during the production process
Managerial Effectiveness correct answers refers to management's use of organizational resources
in meeting organizational goals
Managerial Efficiency correct answers When resources contribute to productivity, managers are
efficient
POIC correct answers Planning, organizing, influencing, controlling
POIC (Planning) correct answers Delivering strategic value. (Setting goals)
POIC (Organizing) correct answers Building a dynamic organization. (Allocating resources)
POIC (Influencing) correct answers Mobilizing people (Motivate/empowering employees)
, POIC (controlling) correct answers Learning and changing (Monitoring and correcting)
What are the 3 types of managers? correct answers Top Level, Mid Level, Supervisory Level
technical skills correct answers the ability to apply specialized knowledge or expertise
human skills correct answers The ability to lead, motivate, and communication effectively with
others
conceptual skills correct answers the ability to identify how the organization relates to its
environment
What are the 6 steps of the planning process? correct answers 1. State organizational objectives
2. List alternative ways of reaching objectives
3. Develop premises upon which each alternative is based
4. Choose best alternative for reaching objectives
5. Develop plans to pursue chosen alternative
6. Put the plans into action
What are the 3 types of plans? correct answers standing, single-use, contingency
What is strategic planning? correct answers Long range planning that focuses on the organization
as a whole (3-5 years).
What is tactical planning? correct answers Short range planning that emphasizes the current
operations of various parts of an organization. (1 year or less)
What are the 4 types of corporate strategies? correct answers Concentration, Vertical Integration,
Guaranteed.
What background do most CEO's come from? correct answers Operations
Management correct answers -The process of working with people and organizational resources
to accomplish organizational goals effectively and efficiently using FOUR management
functions (POIC)
What are the 4 basic types of organizational resources? correct answers Human, Monetary, Raw
Materials, Capital
What is organizational resources composed of? correct answers all assets available for activation
during the production process
Managerial Effectiveness correct answers refers to management's use of organizational resources
in meeting organizational goals
Managerial Efficiency correct answers When resources contribute to productivity, managers are
efficient
POIC correct answers Planning, organizing, influencing, controlling
POIC (Planning) correct answers Delivering strategic value. (Setting goals)
POIC (Organizing) correct answers Building a dynamic organization. (Allocating resources)
POIC (Influencing) correct answers Mobilizing people (Motivate/empowering employees)
, POIC (controlling) correct answers Learning and changing (Monitoring and correcting)
What are the 3 types of managers? correct answers Top Level, Mid Level, Supervisory Level
technical skills correct answers the ability to apply specialized knowledge or expertise
human skills correct answers The ability to lead, motivate, and communication effectively with
others
conceptual skills correct answers the ability to identify how the organization relates to its
environment
What are the 6 steps of the planning process? correct answers 1. State organizational objectives
2. List alternative ways of reaching objectives
3. Develop premises upon which each alternative is based
4. Choose best alternative for reaching objectives
5. Develop plans to pursue chosen alternative
6. Put the plans into action
What are the 3 types of plans? correct answers standing, single-use, contingency
What is strategic planning? correct answers Long range planning that focuses on the organization
as a whole (3-5 years).
What is tactical planning? correct answers Short range planning that emphasizes the current
operations of various parts of an organization. (1 year or less)
What are the 4 types of corporate strategies? correct answers Concentration, Vertical Integration,
