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MGMT 300 Exam 1 (Chapters 1-5) Questions With Correct Answers

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MGMT 300 Exam 1 (Chapters 1-5) Questions With Correct Answers

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MGMT 300 Exam 1 (Chapters 1-5)
Questions With Correct Answers

Who are Stakeholders? - CORRECT ANSWER✔✔-the people whose interactions
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are affected by an organization's activities
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What does efficiency mean? - CORRECT ANSWER✔✔-"The means"
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- attaining the organization's goals using resources wisely and cost-efficiently
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What does effectiveness mean? - CORRECT ANSWER✔✔-"The ends"
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- the organization's end, the goal
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- achieve results, make the right decisions, successfully carry them out to achieve
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the organization's goals
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What are the 4 main functions of the management process? Define those 4
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functions. - CORRECT ANSWER✔✔-Planning - setting goals and deciding how to
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achieve them |




Organizing - arranging tasks, people, and other resources to accomplish the work
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Leading - motivating, directing, and otherwise influencing people to work hard to
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achieve the organization's goals
| | |

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