MAN 3025 Exam 1
organization - Answer-a group of people who work together to achieve some specific purpose
management - Answer-the pursuit of organizational goals efficiently and effectively by integrating the
work of people through planning, organizing, leading and controlling the organization's resources
efficiency - Answer-means to use resources-people, money raw materials, and the like - wisely and cost
effectively
effectiveness - Answer-means to achieve results, to make the right decisions and to successfully carry
them out so that they achieve the organization's goals
planning - Answer-setting goals and deciding how to achieve them
organizing - Answer-arranging tasks, people, and other resources to accomplish the work
leading - Answer-motivating, directing, and otherwise influencing people to work hard to achieve the
organization's goals
, controlling - Answer-monitoring performance, comparing it with goals, and taking corrective action as
needed
competitive advantage - Answer-the ability of an organization to produce goods or services more
effectively than competitors do, thereby outperforming them
innovation - Answer-finding ways to deliver new or better goods or services
sustainability - Answer-economic development that meets the needs of the present without
compromising the ability of future generations to meet their own needs
top managers - Answer-make long-term decisions about the overall direction of the organization and
establish the objectives, policies, and strategies for it
middle managers - Answer-implement the policies and plans of the top managers above them and
supervise and coordinate the activities of the first-line managers below them
first line managers - Answer-make short-term operating decisions, directing the daily tasks of non-
mangerial personnel
team leader - Answer-a manager who is responsible for facilitating team activities toward achieving key
results
functional manager - Answer-responsible for just one organizational activity
general manager - Answer-responsible for several organizational activities
organization - Answer-a group of people who work together to achieve some specific purpose
management - Answer-the pursuit of organizational goals efficiently and effectively by integrating the
work of people through planning, organizing, leading and controlling the organization's resources
efficiency - Answer-means to use resources-people, money raw materials, and the like - wisely and cost
effectively
effectiveness - Answer-means to achieve results, to make the right decisions and to successfully carry
them out so that they achieve the organization's goals
planning - Answer-setting goals and deciding how to achieve them
organizing - Answer-arranging tasks, people, and other resources to accomplish the work
leading - Answer-motivating, directing, and otherwise influencing people to work hard to achieve the
organization's goals
, controlling - Answer-monitoring performance, comparing it with goals, and taking corrective action as
needed
competitive advantage - Answer-the ability of an organization to produce goods or services more
effectively than competitors do, thereby outperforming them
innovation - Answer-finding ways to deliver new or better goods or services
sustainability - Answer-economic development that meets the needs of the present without
compromising the ability of future generations to meet their own needs
top managers - Answer-make long-term decisions about the overall direction of the organization and
establish the objectives, policies, and strategies for it
middle managers - Answer-implement the policies and plans of the top managers above them and
supervise and coordinate the activities of the first-line managers below them
first line managers - Answer-make short-term operating decisions, directing the daily tasks of non-
mangerial personnel
team leader - Answer-a manager who is responsible for facilitating team activities toward achieving key
results
functional manager - Answer-responsible for just one organizational activity
general manager - Answer-responsible for several organizational activities
