with Accurate Answers
Fayol's Five Functions correct answer planning, organizing, command, coordination, and control
Effectiveness correct answer promptly achieving a specific objective
Efficiency correct answer The measurement of resources required to achieve an objective weighed
against what was actually accomplished
Entrepreneurship correct answer pursuing opportunities without regard to resources currently under
one's control
Scientific management correct answer Developing performance standards on the basis of systematic
observation and experimentation
Organizational behavior correct answer A modern approach seeking to discover the causes of work
behavior and to develop better management techniques
Universal approach correct answer Assumes all organizations require the same rational management
process
Operational approach correct answer Production-oriented field of management dedicated to improving
efficiency and cutting waste
Operations management correct answer The process of transforming material and human resources
into useful goods and services
Open system correct answer Something that depends on its surrounding environment for survival
Closed system correct answer A self-sufficient entity