CLEP Principles of Management exam part 1 questions with correct answers

Planning. Correct Answer-A management process of determining what an organization needs to do and how best to get it done The first step of the decision-making process Correct Answer-Define the problem The second step of the decision-making process Correct Answer-Identify limiting factors and make the best possible decision with the resources available. The third step of the decision-making process Correct Answer-Develop and analyze potential alternatives using various techniques such as brainstorming. The fourth and last step of the decision-making process Correct Answer-To implement the decision. Extrinsic rewards. Correct Answer-Are externally administered. Praise, a promotion, office décor, and desirable assignments are all examples of extrinsic rewards. Intrinsic rewards. Correct Answer-Are rewards that provide a sense of achievement and accomplishment. They are internally administered, meaning that they are not reliant on the behaviors of other people. Tactical goals. Correct Answer-Are specific work goals that middle-level managers derive from the broader strategic goals.