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Business Management Chapter 1-5 Questions And Correct Verified Answers

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Business Management Chapter 1-5 Questions And Correct Verified Answers

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BUSINESS MANAGEMENT CHAPTER 1-5
QUESTIONS AND CORRECT VERIFIED
ANSWERS
organizationA2-A2Ans--
aA2groupA2ofA2peopleA2whoA2workA2togetherA2toA2achieveA2someA2specificA2purpose

managementA2-A2Ans--
pursuitA2ofA2organizationalA2goalsA2efficientlyA2andA2effectivelyA2byA2integratingA2theA2wor
kA2ofA2peopleA2throughA2planning,A2organizing,A2leadingA2andA2controllingA2theA2organizati
on'sA2resources

efficientA2-A2Ans--cheapA2andA2wise

effectiveA2-A2Ans--getA2itA2done

ManagementA2process(FourA2ManagementA2Functions)A2-A2Ans--Planning
OrganizingA2
Leading
Controlling

CompetitiveA2AdvantageA2-A2Ans--
AbilityA2ofA2anA2organizationA2toA2produceA2goodsA2orA2servicesA2moreA2effectivelyA2thanA
2competitorsA2do,A2therebyA2outperformingA2them


SustainableA2CompetitiveA2AdvantageA2-A2Ans--MustA2stayA2aheadA2in:
ResponseA2toA2customers
Innovation
Quality
Efficiency

ManagingA2forA2diversityA2-A2Ans--1/6A2AmericanA2WorkersA2isA2foreignA2born
MaximizeA2theA2contributionsA2ofA2employees
DiverseA2inA2gender,A2age,A2race,A2ethnicityA2&A2sexualA2orientation

ManagingA2forA2GlobalizationA2-A2Ans--
verbalA2expressionsA2&A2gesturesA2don'tA2haveA2theA2sameA2meaningA2toA2everyoneA2thr
oughoutA2theA2world

ManagingA2forA2I.T.A2-A2Ans--consumersA2spendA2trillionsA2online
e-business:A2useA2theA2internetA2toA2facilitateA2everyA2aspectA2ofA2theA2business

ManagingA2forA2EthicalA2StandardsA2-A2Ans--balanceA2salesA2&A2businessA2w/ethics
A2safety

, A2environment
A2suckingA2up
A2trashA2talking


ManagingA2forA2SustainabilityA2-A2Ans--theA2BusinessA2ofA2Green
U.S.A2ChamberA2ofA2CommerceA2isA2resistantA2toA2climateA2changeA2legislation

ManagingA2forA2HappinessA2andA2MeaningfulnessA2-A2Ans--
TrulyA2likeA2people,A2enjoyA2mentoringA2&A2helpingA2othersA2growA2andA2thrive

TraditionalA2ManagementA2PyramidA2-A2Ans--TopA2Manager
MiddleA2Manager
First-LineA2Manager
TeamA2Leader

TopA2ManagerA2-A2Ans--long-
termA2decisionsA2aboutA2theA2overallA2directionA2ofA2theA2organization
establishA2objectives,A2policies,A2&A2strategiesA2forA2itA2
attentive

MiddleA2ManagerA2-A2Ans--
ImplementA2policiesA2&A2plansA2ofA2theA2topA2managersA2aboveA2themA2&A2superviseA2&A2
coordinateA2theA2activitiesA2ofA2theA2First-LineA2Managers
Organized
DealA2w/people

First-LineA2ManagersA2-A2Ans--Short-termA2operatingA2decisionsA2(hiring/firing)
directA2dailyA2tasks
startingA2placeA2forA2managers

TeamA2LeadersA2-A2Ans--
ResponsibleA2forA2facilitatingA2teamA2activitiesA2towardA2achievingA2keyA2results
mayA2notA2haveA2authorityA2overA2others
resolveA2conflicts

FunctionalA2ManagementA2-A2Ans--ResponsibleA2forA2justA2oneA2organizationalA2activity

GeneralA2(LineA2Managers)A2-A2Ans--ResponsibleA2forA2severalA2organizationalA2activities

ForA2ProfitA2-A2Ans--formedA2toA2makeA2money
measuredA2inA2gain/loss

Non-ProfitA2-A2Ans--KnownA2asA2"administrators"
offerA2servicesA2toA2clients,A2notA2toA2makeA2aA2profit
forA2offeringA2services
measuredA2inA2effectiveness

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