MANAGEMENT 303 EXAM 1 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

MANAGEMENT 303 EXAM 1 UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS

Question:
1. Management
Answer:
Pursuit of organizational goals to effectively achieve a competitive advantage

Question:
2. Organizational Goals
Answer:
1. Offer purpose and direction
2. Efficiency and effectiveness
3. Connections

Question:
3. Efficiency
Answer:
Doing things right, use resources without waste, use the minimum amount possible

Question:
4. Effectiveness
Answer:
Doing the right things, make the right decisions and carry them out to achieve desired results

Question:
5. Managers connect people to:
Answer:
- Environment of internal/external to employees
- Purpose to people
- People to correct resources

Question:
6. Competitive Advantage
Answer:
Doing something better than somebody else, creates a multiplier effect

Question:
7. Levels of Managers
Answer:
- Top
- Middle
- First Line
- Team Leader

, Question:
8. Top Manager
Answer:
Makes long term decisions about overall direction of the organization

Question:
9. Middle Managers
Answer:
Implement policies and plans of top managers and supervise and coordinate the the activities of first line
managers below them

Question:
10. First Line Managers
Answer:
Makes short term operating decisions, directing the daily tasks and non-managerial personnel

Question:
11. Team Leader
Answer:
Manager who is responsible for facilitating team activities

Question:
12. Types of Managers
Answer:
1. Functional: responsible for one organizational activity
2. General: overlooks multiple activities

Question:
13. Skills of Great Managers
Answer:
- Technical
- Conceptual
- Human or soft skills

Question:
14. Managerial Roles
Answer:
- Interpersonal
- Informational
- Decisional

Question:
15. Interpersonal
Answer:
Managers who interact with people, inside and outside work units, figurehead