MGMT Exam 1 (Chapters 1 - 5)question with complete solution 2023

MGMT Exam 1 (Chapters 1 - 5)question with complete solution 2023 Organization - correct answer a group of people who work together to achieve some specific purpose Management - correct answer defined as: -the pursuit of organizational goals efficiently and effectively by -integrating the work of people through -planning, organizing, leading, and controlling the organization's resources Simply put: -the art of getting things done through people Efficient - correct answer to be _____________ means to use resources - people, money, raw materials, and the like - wisely and cost-effectively Effective - correct answer to be _____________ means to achieve results, to make the right decisions and to successfully carry them out so that they achieve the organization's goals Multiplier Effect - correct answer refers to the idea that a manager's influence extends far beyond the results that can be achieved by just one individual acting alone Rewards of Studying Management - correct answer _______________ of studying management: -understand how to deal w/ organizations from the outside -understand how to relate to your supervisors -understand how to interact w/ coworkers -understand how to manage yourself in the workplace Rewards to Practicing Management - correct answer ____________ of practicing management: