MGMT 3600 Exam 1 Study Guide | Verified
Questions & Answers | Comprehensive
Exam Prep | 2026/2027
What is the difference between effectiveness and efficiency? - correct answer-
Efficiency is doing things right; effectiveness is doing the right things.
Who coined the following quote?
I wish to do something Great and Wonderful...But I must first start by doing the
little things...Like they were great and wonderful... - correct answer-Albert
Einstein
One important ingredient for living your purpose is learning, a curiosity and desire
to get better and better at doing what you love. - correct answer-True
A product or service that is valuable but is not rare, has what is called Competitive
Parity. - correct answer-True
Delivering a product or service that is of real value to the customer. - correct
answer-value
Delivering a product or service that is difficult to find. - correct answer-rare
, Innovating products or services that are not easy to imitate or duplicate. - correct
answer-imitable
Providing the product or service in a high quality fashion. - correct answer-
organization
The definition of management is to work with and through others to achieve goals
in an effective and efficient manner. - correct answer-true
Do managers that work in different types of organizations perform the same
tasks? - correct answer-Yes, for the most part.
Management is not teachable; it is an innate skill that someone either has or does
not have. - correct answer-false
When considering what it means to be a competent professional, we look at what
is commonly referred to as KSAs. KSA stands for what? - correct answer-
Knowledge, Skills, and Abilities
Middle managers are responsible for _____ the policies and plans of the top
managers. - correct answer-implementing
Managers who make short term decisions and supervise employees are typically
at what level of the organization? - correct answer-first line
Questions & Answers | Comprehensive
Exam Prep | 2026/2027
What is the difference between effectiveness and efficiency? - correct answer-
Efficiency is doing things right; effectiveness is doing the right things.
Who coined the following quote?
I wish to do something Great and Wonderful...But I must first start by doing the
little things...Like they were great and wonderful... - correct answer-Albert
Einstein
One important ingredient for living your purpose is learning, a curiosity and desire
to get better and better at doing what you love. - correct answer-True
A product or service that is valuable but is not rare, has what is called Competitive
Parity. - correct answer-True
Delivering a product or service that is of real value to the customer. - correct
answer-value
Delivering a product or service that is difficult to find. - correct answer-rare
, Innovating products or services that are not easy to imitate or duplicate. - correct
answer-imitable
Providing the product or service in a high quality fashion. - correct answer-
organization
The definition of management is to work with and through others to achieve goals
in an effective and efficient manner. - correct answer-true
Do managers that work in different types of organizations perform the same
tasks? - correct answer-Yes, for the most part.
Management is not teachable; it is an innate skill that someone either has or does
not have. - correct answer-false
When considering what it means to be a competent professional, we look at what
is commonly referred to as KSAs. KSA stands for what? - correct answer-
Knowledge, Skills, and Abilities
Middle managers are responsible for _____ the policies and plans of the top
managers. - correct answer-implementing
Managers who make short term decisions and supervise employees are typically
at what level of the organization? - correct answer-first line
