CLEP Principles of Management exam part 1 Questions And Answers Rated 100% Correct!!

Planning. - 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 - Define the problem The second step of the decision-making process - Identify limiting factors and make the best possible decision with the resources available. The third step of the decision-making process - Develop and analyze potential alternatives using various techniques such as brainstorming. The fourth and last step of the decision-making process - To implement the decision. Extrinsic rewards. - Are externally administered. Praise, a promotion, office décor, and desirable assignments are all examples of extrinsic rewards. Intrinsic rewards. - 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. - Are specific work goals that middle-level managers derive from the broader strategic goals. A strategic goal. - Is an organization-wide, long-term goal devised by a top-level manager. Operational goals. - Very specific in nature and are highly measurable. These goals are developed by first-level supervisors to schedule work to meet tactical goals.An organizational chart. - The visual representation of the organizational structure that provides a framework for the hierarchy of an organization; it shows the relationship between an organization's employees and positions