Midterm 2 BUSM 1100 Verified Exam Questions and Answers Latest
update 2026/2027
Question:
1. Management effectiveness
Answer:
achieving organizational goals that have been set (doing the right things)
Question:
2. Management process
Answer:
planning, organizing, leading, controlling
Question:
3. Management efficiency
Answer:
achieving the greatest level of output with a given amount of input (doing things right)
Question:
4. Management Process - Planning
Answer:
Determining the firms goals and developing a strategy for those goals Step 1 - goals are established
Step 2 - managers identify gaps between desired position vs actual one Step 3 - managers develop
plans to achieve desired position Step 4 - the plans are implemented Step 5 - the effectiveness of plan
is assessed
Question:
5. Management process - organizing
Answer:
Mobilize resources to complete a particular task, managers may also organize people and resources
Question:
6. Management process - leading
Answer:
Interactions between managers and subordinates as they work to meet firm's objectives. Leading goes
beyond orders and requires the ability to motivate employees to achieve challenging goals and gain
trust and respect to benefit company
, Question:
7. Management process - controlling
Answer:
you monitor performance, compare it with goals, and take corrective action as needed Controlling
process
-establish standards
-measure actual performance against standards
-does measured performance match standards?
-then either continue current activities or adjust performance or standards
Question:
8.
Levels of management
Answer:
top managers, middle managers, first-line managers
Question:
9. Top managers
Answer:
Set general policies, formulate strategies, oversee significant decisions and represent the company's
dealings with other businesses and government
- president
-CEO
-CFO
-vice president
Question:
10. Middle managers Responsible for implementing the strategies, policies and decisions made by top
Answer:
managers.
-operations manager
-Division manager
-plant manager
update 2026/2027
Question:
1. Management effectiveness
Answer:
achieving organizational goals that have been set (doing the right things)
Question:
2. Management process
Answer:
planning, organizing, leading, controlling
Question:
3. Management efficiency
Answer:
achieving the greatest level of output with a given amount of input (doing things right)
Question:
4. Management Process - Planning
Answer:
Determining the firms goals and developing a strategy for those goals Step 1 - goals are established
Step 2 - managers identify gaps between desired position vs actual one Step 3 - managers develop
plans to achieve desired position Step 4 - the plans are implemented Step 5 - the effectiveness of plan
is assessed
Question:
5. Management process - organizing
Answer:
Mobilize resources to complete a particular task, managers may also organize people and resources
Question:
6. Management process - leading
Answer:
Interactions between managers and subordinates as they work to meet firm's objectives. Leading goes
beyond orders and requires the ability to motivate employees to achieve challenging goals and gain
trust and respect to benefit company
, Question:
7. Management process - controlling
Answer:
you monitor performance, compare it with goals, and take corrective action as needed Controlling
process
-establish standards
-measure actual performance against standards
-does measured performance match standards?
-then either continue current activities or adjust performance or standards
Question:
8.
Levels of management
Answer:
top managers, middle managers, first-line managers
Question:
9. Top managers
Answer:
Set general policies, formulate strategies, oversee significant decisions and represent the company's
dealings with other businesses and government
- president
-CEO
-CFO
-vice president
Question:
10. Middle managers Responsible for implementing the strategies, policies and decisions made by top
Answer:
managers.
-operations manager
-Division manager
-plant manager
