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Business Management Exam 1 Questions Correctly Answered.

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Business Management Exam 1 Questions Correctly Answered. 1. Four Manage- ment Functions 2. Management Skills 1. Planning 2. Organizing 3. Leading 4. Controlling 1. Conceptual- ability to see the organization as a whole system 2. Human Skills- Managers ability to work with the entire group. 3. Technical Skills- Understanding of and proficiency in the performance of specific tasks. 3. Different levels of -Top manager - setting organizational goals, defining strategies for achieving manager (Verti- cal) 4. Horizontal Differ- ences 5. Becoming a New Manager them, monitoring and interpreting the external environment -Middle managers - implementing the overall strategies and policies defined by top managers, concerning with the near future. -First-line managers - Production of goods and services. i. Functional managers 1. Responsible for a department that performs a single functional task, such as finance or marketing ii. General managers 1. Responsible for several departments that perform ditterent functions, such as the manager of Macy's department store or a Ford automobile factory. a. Making the shift from individual identity to manager identity i. Specialist; performs tasks à generalist; coordinates diverse tasks ii. Gets things done through own ettorts à gets things done through others iii. An individual actor à a network builder iv. Works relatively independently à works in highly interdependent manner 6. Manager roles -Informational role - activities used to maintain and develop an information net- work. -Interpersonal role - relationships with others and are related to the human skills -decisional role - events about which the manager must make a choice and take action 7. Social Forces: Values, needs, standards of behavior influence ’Social Contract Examples of Current Social Forces- Workers want Flexible environment Career Opportunity Feel valued, able to influence company 8. Political Forces legal and political influence -Political Stability -property rights -contract rights -regulation 9. Economic Forces -Availability and distribution of resources -Changes in supply and demand -Credit Availability 10. External environ- ment (international) as managers plan for expansions into global markets they have to consider the international dimension, which includes ev

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Business Management Exam 1 Questions Correctly Answered.

1. Four Manage-
ment 1. Planning
Functions 2. Organizing
3. Leading
4. Controlling
2. Managemen
t Skills 1. Conceptual- ability to see the organization as a whole system
2. Human Skills- Managers ability to work with the entire group.
3. Technical Skills- Understanding of and proficiency in the performance
of specific tasks.

3. Different levels of -Top manager - setting organizational goals, defining strategies for
achieving
manager (Verti- them, monitoring and interpreting the external environment
cal)
-Middle managers - implementing the overall strategies and policies defined
by top managers, concerning with the near future.
-First-line managers - Production of goods and services.
4. Horizontal Differ-
ences
i. Functional managers
1. Responsible for a department that performs a single functional
task, such as finance or marketing
ii. General managers
5. Becoming a 1. Responsible for several departments that perform ditterent
New Manager functions, such as the manager of Macy's department store or a Ford
automobile factory.

a. Making the shift from individual identity to manager identity
i. Specialist; performs tasks à generalist; coordinates diverse tasks
ii. Gets things done through own ettorts à gets things done through
others
iii. An individual actor à a network builder
iv. Works relatively independently à works in highly interdependent
manner

1/
9

, Business Management Exam 1 Questions Correctly Answered.

6. Manager roles -Informational role - activities used to maintain and develop an
information net- work.
-Interpersonal role - relationships with others and are related to the human
skills




2/
9

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