Business Management Final Exam 100% Solved Correctly 2024

Business Management Final Exam 100% Solved Correctly 2024 manager - answeraccomplishes goals through efficient use of resources 1. planning 2. organizing 3. implementing 4. evaluating - answer4 ways managers accomplish goals through efficient use of resources Classical Management - answerBased off of observing employees and communicating the best practices Administrative Management - answerspecialization; finding people with good specialized skills, and training them to make it even better Behavioral Management - answermotivation; manager tryin to find a way to motivate employees Quality Management - answerreduce waste and improve processes Static Management - answerwhen things aren't changing Dynamic management - answerChange in the business landscape 1. Gender 2. Culture 3. Technology 4. Competition - answer4 main ways things are changing in the business landscape eficacy - answerability to achieve a desirable result make effective and efficient use of resources - answerwhat is the main goal as a manager? 1. communication 2. relationships 3. decision-making - answerwhat are the 3 main points of eficacy? 360 degree feedback - answergetting feedback from everyone executives - answertop-level managers with responsibilities for the direction and success of the entire business Directors - answersenior managers who lead a particular department or division of a business middle management - answertakes vision and disperse further into the organization supervisors - answerday-to-day managers; directly works with employees 1. work schedules 2. check quality 3. motivation - answerwhat are the supervisors main goals? informed manager - answera manager that makes good decisions 1. identify the problem 2. identify the potential solution 3. evaluate the solution 4. weigh the potential solution ; what are the benefits? what are the disadvantages? 5. select a solution - answerWhat are the best steps to make a good decision leadership - answermotivating people to do their best work; convincing people their role is important Leadership Development - answer1. daily introspection 2. analyze employees and organizational reports 3. honest conversations with the affected parties 4. intelligence; well read. well-informed, use your gifts to the benefit of the organization Autocratic - answermakes decisions without employee input ex.) dictator of a country Democratic - answerseeks input from employees prior to decision making Open - answerno directives and assumes people will do the work Situational - answerability to be autocratic, democratic, and open at the same time