Principles
of Management
Principles
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ofExam
Management
One
Exam
Chapters
One
Exam
Chapters
1-4
One2026_2027
Chapters
1-4 2026_2027
1-4
–2026_2027
Study
–Guide,
Study
–Questions
Guide,
Study Questions
Guide,
& Answers,
Questions
& Answers,
Key& Concepts
Answers,
Key Concepts
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Key
Exam
Concepts
&Prep.pdf
Exam&Prep.pdf
Exam Prep.pdf
Principles of Management Exam One
Chapters 1-4 2026/2027 – Study Guide,
Questions & Answers, Key Concepts &
Exam Prep
Principles
Principles
of Management
Principles
of Management
ofExam
Management
One
Exam
Chapters
One
Exam
Chapters
1-4
One2026_2027
Chapters
1-4 2026_2027
1-4
–2026_2027
Study
–Guide,
Study
–Questions
Guide,
Study Questions
Guide,
& Answers,
Questions
& Answers,
Key& Concepts
Answers,
Key Concepts
&
Key
Exam
Concepts
&Prep.pdf
Exam&Prep.pdf
Exam Prep.pdf
,Principles of Management - Exam One (Chapters 1-4).pdf Principles of Management - Exam One (Chapters 1-4).pdf Principles of Management - Exam One (Chapters 1-4).pdf
Organization
A group of people who work together to achieve some specific purpose.
Management is defined as:
1. Pursuit of organizational goals efficiently and effectively by
2. Integrating the work of people through
3. Planning, organizing, leading, and controlling the organization's resources.
To be efficient means:
To use resources - people, money, raw materials, and the like-wisely and cost-effectively.
Principles of Management - Exam One (Chapters 1-4).pdf Principles of Management - Exam One (Chapters 1-4).pdf Principles of Management - Exam One (Chapters 1-4).pdf
, Principles of Management - Exam One (Chapters 1-4).pdf Principles of Management - Exam One (Chapters 1-4).pdf Principles of Management - Exam One (Chapters 1-4).pdf
To be effective means:
To achieve results, to make the right decisions and to successfully carry them out so that
they achieve the organization's goals.
Efficiency vs. Effectiveness
Many companies now use a recorded "telephone menu" of options to answer customer
calls.
This is efficient for the company, but not effective because most consumers prefer a live
agent.
Principles of Management - Exam One (Chapters 1-4).pdf Principles of Management - Exam One (Chapters 1-4).pdf Principles of Management - Exam One (Chapters 1-4).pdf