PRINCIPLES OF MANAGEMENT: PRACTICE EXAM 1 REVIEW QUESTIONS AND ANSWERS, VERIFIED/| latest update 2024/25|

PRINCIPLES OF MANAGEMENT: PRACTICE EXAM 1 REVIEW QUESTIONS AND ANSWERS, VERIFIED/ What is management and its components? - --The pursuit of organizational goals efficiently and effectively. -Integrating the work of people. - Planning, organizing, leading, and controlling the organization's resources What is an Organization? - -A group of people who work together to achieve some specific purpose. What are the 4 Management Functions? - -Planning Organizing Leading Controlling There are 7 challenges facing managers, understand the main concept of each. - -Managing for.... 1) "competitive Advantage" 2) "Information Technology" 3) "Diversity" 4) "Globalization" 5) "Ethical Standards" 6) "Sustainability" 7) "Happiness & Meaningfulness" Within the 7 challenges, understand managing for information technology and the concept of sharing of knowledge in an organization. - --Information technology has led to the growth of e-business, using the Internet to facilitate every aspect of running a business. John wants his salespeople to use S to improve their sales. Which challenge is he trying to manage? - -Information Technology 4 levels of Managers - -Top Managers Middle Managers First-line Managers Team Leader Top Managers - -Make long-term decisions about the overall direction of the organization and establish the objectives, policies, and strategies for it. Middle Managers - -Implement the policies and plans of the top managers above them and supervise and coordinate the activities of the first-line managers below them. First-line Managers - -Make short-term operating decisions, directing the daily tasks of nonmanagerial personnel Team Leader - -Responsible for facilitating team activities toward achieving key results What are the 3 roles that managers play as described by Mintzburg? - --A manager relies more on verbal than on written communication. -A manager works long hours at an intense pace. -A manager's work is characterized by fragmentation, brevity, and variety There are 2 overarching Perspectives about management, what are the 2? - --Historical Perspectives -Contemporary Perspectives Historical Perspectives - -Classical, Behavioral, and Quantitative Contemporary Perspectives - -System, Contingency, and Quality-Management What was it that Mary Parker Follett advocated? - -A social worker and social philosopher, she made very important contributions to the fields of civics and sociology. What's the Hawthorne Effect? - -Employees worked harder if they received added attention, and thought that managers cared about their welfare and that sup