1-4) 2026/2027 Expert Verifed
Ace the Test
Organization - ANSWER ✔✔A group of people who work together to
achieve some specific purpose
Management - ANSWER ✔✔The pursuit of organizational Goals
efficiently and effectively by integrating the work of people through
planning, organizing, leading, and controlling the organization's
resources.
Efficiency - ANSWER ✔✔Means of attaining the organizations goals,
being efficient is using your resources such as people, money, raw
materials, and cost effectively
,Effectiveness - ANSWER ✔✔Achieving organizational goals
Four Management Functions - ANSWER ✔✔1. Planning
2. Organizing
3. Leading
4. Controlling
Planning - ANSWER ✔✔set goals and decide how to achieve them
Organizing - ANSWER ✔✔arranging tasks, people, and other
resources to accomplish the work
Controlling - ANSWER ✔✔monitoring progress toward goal
achievement and taking corrective action when needed
Leading - ANSWER ✔✔motivating, directing, and otherwise
influencing people to work hard to achieve the organization's goals
7 challenges to being an exceptional manager - ANSWER ✔✔1.
Managing for competitive advantage
2. Managing for diversity
3. Managing for globalization
4. Managing for information technology
, 5. Managing for ethical standards
6. Managing for sustainability
7. Managing for your own happiness and life goals
Top Managers - ANSWER ✔✔make long-term decisions about the
overall direction of the organization and establish the objectives,
policies, and strategies for it
Middle Managers - ANSWER ✔✔implement the policies and plans of
the top managers above them and supervise and coordinate the
activities of the first-line managers below them
First-line managers - ANSWER ✔✔make short-term operating
decisions, directing the daily tasks of non managerial personnel
Functional manager - ANSWER ✔✔responsible for just one
organizational activity
General Manager - ANSWER ✔✔responsible for several
organizational activities
Skills Exceptional Managers Need - ANSWER ✔✔-Technical skills
-Conceptual skills
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