MAN 3025 TEST BANK 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ To be efficient means? Answer: use resources; people, money, raw
material and the like-wisely and cost-effectively
◉ To be effective means? Answer: to achieve results, to make the
results, to make the right decisions, and to successfully carry them out so
that they can achieve organizational goals
◉ Rewards of Studying Management. Answer: (1)Understand how to
deal with organizations.
(2)Understand how to relate to your supervisors.
(3)Understand how to interact with co-workers.
(4)Understand how to manage yourself in the workplace.
◉ Rewards of Practicing Management. Answer: (1)You and your
employees can experience a sense of accomplishment.
(2)You can stretch your abilities and magnify your range.
(3)You can build a catalog of successful products or services.
,◉ Seven Challenges to Being a Star Manager. Answer: Managing- (1)
Competitive Advantage
(2) Diversity
(3) Globalization
(4) Informational technology
(5) Ethical Standards
(6) Sustainability
(7) Own happiness and life goals
◉ Competitive advantage. Answer: the ability of an organization to
produce goods or services more effectively than competitors do, thereby
outperforming them
◉ The Four Principal Functions. Answer: (1) Planning
(2) Organizing
(3) Leading
(4) Controlling
◉ Planning. Answer: set goals and decide how to achieve the
◉ Organizing. Answer: arrange tasks, people, and other resources to
accomplish the work
, ◉ Leading. Answer: motivate, direct, and otherwise influence people to
work hard to achieve the organization's goals
◉ Controlling. Answer: monitor performance, compare it with goals,
and take corrective action as needed
◉ Pyramid Power: Levels of Areas of Management. Answer: 1) Top
Managers (5-7 years) strategic managers
2) Middle Managers - (2-3years) tactical managers
3) First-line managers - (1-52 weeks) operational managers
4) Non management personnel - R&D, Marketing, Finance, Production,
HR (Functional Areas)
◉ entrepreneur. Answer: someone who starts a new company that grows
◉ intrapreneur. Answer: has same ideas and motivations but uses them
within a company
◉ Most Valued Traits in Managers. Answer: (1)motivate and engage
others (2)communicate
(3) work experience outside the United States.
(4)High energy levels to meet the demands of global travel and a 24/7
world.
SOLUTIONS GRADED A+
◉ To be efficient means? Answer: use resources; people, money, raw
material and the like-wisely and cost-effectively
◉ To be effective means? Answer: to achieve results, to make the
results, to make the right decisions, and to successfully carry them out so
that they can achieve organizational goals
◉ Rewards of Studying Management. Answer: (1)Understand how to
deal with organizations.
(2)Understand how to relate to your supervisors.
(3)Understand how to interact with co-workers.
(4)Understand how to manage yourself in the workplace.
◉ Rewards of Practicing Management. Answer: (1)You and your
employees can experience a sense of accomplishment.
(2)You can stretch your abilities and magnify your range.
(3)You can build a catalog of successful products or services.
,◉ Seven Challenges to Being a Star Manager. Answer: Managing- (1)
Competitive Advantage
(2) Diversity
(3) Globalization
(4) Informational technology
(5) Ethical Standards
(6) Sustainability
(7) Own happiness and life goals
◉ Competitive advantage. Answer: the ability of an organization to
produce goods or services more effectively than competitors do, thereby
outperforming them
◉ The Four Principal Functions. Answer: (1) Planning
(2) Organizing
(3) Leading
(4) Controlling
◉ Planning. Answer: set goals and decide how to achieve the
◉ Organizing. Answer: arrange tasks, people, and other resources to
accomplish the work
, ◉ Leading. Answer: motivate, direct, and otherwise influence people to
work hard to achieve the organization's goals
◉ Controlling. Answer: monitor performance, compare it with goals,
and take corrective action as needed
◉ Pyramid Power: Levels of Areas of Management. Answer: 1) Top
Managers (5-7 years) strategic managers
2) Middle Managers - (2-3years) tactical managers
3) First-line managers - (1-52 weeks) operational managers
4) Non management personnel - R&D, Marketing, Finance, Production,
HR (Functional Areas)
◉ entrepreneur. Answer: someone who starts a new company that grows
◉ intrapreneur. Answer: has same ideas and motivations but uses them
within a company
◉ Most Valued Traits in Managers. Answer: (1)motivate and engage
others (2)communicate
(3) work experience outside the United States.
(4)High energy levels to meet the demands of global travel and a 24/7
world.
