CORRECT WELL DETAILED ANSWERS|LATEST
Purpose of Management - ANSWER to use these resources effectively and efficiently
so that the objectives of the organization are achieved with a minimum of cost. - Efficiency,
Effectiveness, Productivity
Transactional Leaders - ANSWER (Managers) get stuff done, kick the can down the
road - use incentives to get people to do things
Transformational Leader - ANSWER (True Leaders) change the nature of the business,
most importantly, they focus on doing the right things - what's right for the business, the
stakeholders, the consumers, and the economy - get people to do things because they want
to do them
Planning - ANSWER Determining appropriate goals for the firm and deciding how to
accomplish these goals
Organizing - ANSWER Assigning responsibility to employees for task achievement to
collaboratively achieve goals
Leading - ANSWER Influencing and motivating others to achieve set goals
Controlling - ANSWER Monitoring, evaluating, and maintaining desired performance
Levels of Management - ANSWER CEO, Upper-Level, Middle-Level, First-Line
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, Specific Management Skills Examples - ANSWER job knowledge, oral communication,
persuasiveness, tolerance of stress
Electronic Business - ANSWER Achieving management goals through the use of the
internet
Global Organizations - ANSWER Expanding business activities beyond national
boundaries
Management Theory - ANSWER a systematic statement based on observations, of how
the management process might best occur, given stated underlying principles
Classical Approach to Management - ANSWER stresses the manager's role in a formal
hierarchy of authority and focuses on the task, machines, and systems need to accomplish
the task effciently
Max Weber - ANSWER German leader for Classical Approach to Managment, based his
concept off of the Prussian Army
Henry Fayol - ANSWER French leader for Classical Approach to Management, ran a
coal mine and wrote a book with 14 principles of management
Henry Gantt - ANSWER developed idea for organizing and scheduling, created the
Gantt Chart that shows what the schedules are and how tasks link together
Scientific Management - ANSWER emphasizes the systematic study of and
experimentation with workers' tasks, methods, and tools as a means of improving worker
efficiency
2
Purpose of Management - ANSWER to use these resources effectively and efficiently
so that the objectives of the organization are achieved with a minimum of cost. - Efficiency,
Effectiveness, Productivity
Transactional Leaders - ANSWER (Managers) get stuff done, kick the can down the
road - use incentives to get people to do things
Transformational Leader - ANSWER (True Leaders) change the nature of the business,
most importantly, they focus on doing the right things - what's right for the business, the
stakeholders, the consumers, and the economy - get people to do things because they want
to do them
Planning - ANSWER Determining appropriate goals for the firm and deciding how to
accomplish these goals
Organizing - ANSWER Assigning responsibility to employees for task achievement to
collaboratively achieve goals
Leading - ANSWER Influencing and motivating others to achieve set goals
Controlling - ANSWER Monitoring, evaluating, and maintaining desired performance
Levels of Management - ANSWER CEO, Upper-Level, Middle-Level, First-Line
1
, Specific Management Skills Examples - ANSWER job knowledge, oral communication,
persuasiveness, tolerance of stress
Electronic Business - ANSWER Achieving management goals through the use of the
internet
Global Organizations - ANSWER Expanding business activities beyond national
boundaries
Management Theory - ANSWER a systematic statement based on observations, of how
the management process might best occur, given stated underlying principles
Classical Approach to Management - ANSWER stresses the manager's role in a formal
hierarchy of authority and focuses on the task, machines, and systems need to accomplish
the task effciently
Max Weber - ANSWER German leader for Classical Approach to Managment, based his
concept off of the Prussian Army
Henry Fayol - ANSWER French leader for Classical Approach to Management, ran a
coal mine and wrote a book with 14 principles of management
Henry Gantt - ANSWER developed idea for organizing and scheduling, created the
Gantt Chart that shows what the schedules are and how tasks link together
Scientific Management - ANSWER emphasizes the systematic study of and
experimentation with workers' tasks, methods, and tools as a means of improving worker
efficiency
2
