TAMU MGMT 309 EXAM 1 LATEST
UPDATED
Organization - ANSWER - A group of people working in a coordinated and
concerted way to achieve a group of goals
Human Resources - ANSWER - Managerial talent and labor
- Hiring and firing
Financial Resorces - ANSWER - Capital outlay to enable long-term and
ongoing operations
Physical Resorces - ANSWER - Raw materials' office and production area, and
machinery
Information resources - ANSWER -usable data and information used by an
organization. Examples of information resources are databases of customer
purchase information
Managment - ANSWER - A set of activities (planning and decision making,
organizing, leading, and controlling) directed at an organization's resources
(human, finical, physical, and information) with the aim of achieving
organizational goals in an "efficient and effective manner"
Basic Function of Management - ANSWER - To use resources carefully and in
a cost-effective way efficiently
- To make the correct decisions and execute them effectively successfully
, A Manager - ANSWER - An individual whose primary role is to carry out the
management process (plans and makes decisions, organizes, leads, and controls
human, finical, physical, and information resources)
- Plans and Makes Decisions (Establishes goals and courses of action)
- Organizes (Coordinating activities and resources)
- Leads (Motivating and dealing with people)
- Controls (Contains)
Managment Proccess - ANSWER - Planing --> Decision Making -->
Organizing --> Leading --> Controlling --> Planing. (repeat)
3 Types of Managers (by Level) - ANSWER 1) Top Managers
2) Middle Managers
3) First-Line Managers
Top Managers - ANSWER - A small group of executives who manage the
whole organization
- They set the organization's goals, overall strategy, and operating policies
Middle Managers - ANSWER - Primarily responsible for implementing the
policies and plans of top managers
- They guide and coordinate the efforts of lower level managers
First - Line Managers - ANSWER - Direct and coordinate the efforts of the
operating employees
- Most managers fall into this category (greatest number of this type)
6 Types of Managers (by Function) - ANSWER
1) Marketing
2) Financial
3) Operations
4) Human Resources
5) Administrative
6) Specialist / Other
UPDATED
Organization - ANSWER - A group of people working in a coordinated and
concerted way to achieve a group of goals
Human Resources - ANSWER - Managerial talent and labor
- Hiring and firing
Financial Resorces - ANSWER - Capital outlay to enable long-term and
ongoing operations
Physical Resorces - ANSWER - Raw materials' office and production area, and
machinery
Information resources - ANSWER -usable data and information used by an
organization. Examples of information resources are databases of customer
purchase information
Managment - ANSWER - A set of activities (planning and decision making,
organizing, leading, and controlling) directed at an organization's resources
(human, finical, physical, and information) with the aim of achieving
organizational goals in an "efficient and effective manner"
Basic Function of Management - ANSWER - To use resources carefully and in
a cost-effective way efficiently
- To make the correct decisions and execute them effectively successfully
, A Manager - ANSWER - An individual whose primary role is to carry out the
management process (plans and makes decisions, organizes, leads, and controls
human, finical, physical, and information resources)
- Plans and Makes Decisions (Establishes goals and courses of action)
- Organizes (Coordinating activities and resources)
- Leads (Motivating and dealing with people)
- Controls (Contains)
Managment Proccess - ANSWER - Planing --> Decision Making -->
Organizing --> Leading --> Controlling --> Planing. (repeat)
3 Types of Managers (by Level) - ANSWER 1) Top Managers
2) Middle Managers
3) First-Line Managers
Top Managers - ANSWER - A small group of executives who manage the
whole organization
- They set the organization's goals, overall strategy, and operating policies
Middle Managers - ANSWER - Primarily responsible for implementing the
policies and plans of top managers
- They guide and coordinate the efforts of lower level managers
First - Line Managers - ANSWER - Direct and coordinate the efforts of the
operating employees
- Most managers fall into this category (greatest number of this type)
6 Types of Managers (by Function) - ANSWER
1) Marketing
2) Financial
3) Operations
4) Human Resources
5) Administrative
6) Specialist / Other
