MIE 201 EXAM 3 CHAPTERS 6, 7, 9, AND
10_101 QUESTIONS WITH VERIFIED ANSWERS
Process designed to achieve an organization's objectives by using its resources
effectively and efficiently in a changing environment. - CORRECT ANSWER
Management
Having the intended result - CORRECT ANSWER Effectively
Accomplishing the objectives with a minimum of resources - CORRECT ANSWER
Efficiently
Make decisions about the use of the organizations resources and are concerned
with planning, organizing, directing, and controlling the organization's activities to
reach objectives. - CORRECT ANSWER Managers
Hiring people to carry out the work of the organization. - CORRECT ANSWER
Staffing
Elimination of significant numbers of employees from an organization. - CORRECT
ANSWER Downsizing
The process of determining the organization's objectives and deciding how to
accomplish them, the first function of management. - CORRECT ANSWER Planning
Declaration of an organization's fundamental purpose and basic philosophy.
"What business are we in?". - CORRECT ANSWER Mission
, The result that a firm wishes to achieve. Includes 3 key components: an attribute
sought, a target to be achieved, and a time frame. - CORRECT ANSWER Goals
The ends or results desired by an organization, derived from the organization's
mission. Objectives are usually measurable such as profits. - CORRECT ANSWER
Objectives
Establish the long-range objectives and overall strategy or course of action by
which the firm fulfills its mission. Generally cover periods of one year or longer. -
CORRECT ANSWER Strategic plans
Short range and designed to implement the activities and objectives specified in
the strategic plan. Usually cover a period of one year or less, helping to stay on
course for strategic plans. - CORRECT ANSWER Tactical plans
Very short term and specify what actions specific individuals, work groups, or
departments need to accomplish in order to achieve the tactical plan and
ultimately the strategic plan. Apply to month, week, or even day periods. -
CORRECT ANSWER Operational plans
Deals with potential disasters such as product tampering, oil spills, fire,
earthquake, computer viruses, or even a reputation crisis. - CORRECT ANSWER
Crisis management/Contingency planning
Structuring of resources and activities to accomplish objectives in an efficient and
effective manner. - CORRECT ANSWER Organizing
10_101 QUESTIONS WITH VERIFIED ANSWERS
Process designed to achieve an organization's objectives by using its resources
effectively and efficiently in a changing environment. - CORRECT ANSWER
Management
Having the intended result - CORRECT ANSWER Effectively
Accomplishing the objectives with a minimum of resources - CORRECT ANSWER
Efficiently
Make decisions about the use of the organizations resources and are concerned
with planning, organizing, directing, and controlling the organization's activities to
reach objectives. - CORRECT ANSWER Managers
Hiring people to carry out the work of the organization. - CORRECT ANSWER
Staffing
Elimination of significant numbers of employees from an organization. - CORRECT
ANSWER Downsizing
The process of determining the organization's objectives and deciding how to
accomplish them, the first function of management. - CORRECT ANSWER Planning
Declaration of an organization's fundamental purpose and basic philosophy.
"What business are we in?". - CORRECT ANSWER Mission
, The result that a firm wishes to achieve. Includes 3 key components: an attribute
sought, a target to be achieved, and a time frame. - CORRECT ANSWER Goals
The ends or results desired by an organization, derived from the organization's
mission. Objectives are usually measurable such as profits. - CORRECT ANSWER
Objectives
Establish the long-range objectives and overall strategy or course of action by
which the firm fulfills its mission. Generally cover periods of one year or longer. -
CORRECT ANSWER Strategic plans
Short range and designed to implement the activities and objectives specified in
the strategic plan. Usually cover a period of one year or less, helping to stay on
course for strategic plans. - CORRECT ANSWER Tactical plans
Very short term and specify what actions specific individuals, work groups, or
departments need to accomplish in order to achieve the tactical plan and
ultimately the strategic plan. Apply to month, week, or even day periods. -
CORRECT ANSWER Operational plans
Deals with potential disasters such as product tampering, oil spills, fire,
earthquake, computer viruses, or even a reputation crisis. - CORRECT ANSWER
Crisis management/Contingency planning
Structuring of resources and activities to accomplish objectives in an efficient and
effective manner. - CORRECT ANSWER Organizing
