INTRO TO MANAGEMENT EXAM 1 RBS
CHEAT SHEET :3 QUESTIONS
PERFECTLY SOLVED
Being vhefficient: vh- vhANS--means vhto vhuse vhresources, vhpeople, vhmoney, vhraw
vhmaterials, vhand vhthe vhlike-wisely vhand vhcost-effectively.
Management: vh- vhANS--is vhthe vhpursuit vhof vhorganizational vhgoals vhefficiently vhand
vheffectively, vhas vhthey vhwork vhtogether vhwith vhworkers vhto vhachieve vha vhgoal vhfor
vhthe vhcompany. vhIt vhis vhalso vhthe vhart vhof vhgetting vhthings vhdone vhthrough vhpeople.
Being vheffective vh- vhANS--means vhto vhachieve vhresults, vhby vhmaking vhthe vhright
vhdecisions vhfor vhthe vhcompany vhin vhorder vhto vhachieve vhthat vhresult vhthey vhaim vhto
vhdo.
The vhFour vhManagement vhFunctions vhare vh- vhANS--planning, vhorganizing, vhleading,
vhand vhcontrolling.
Top vhmanagers vh- vhANS--are vhthe vhones vhwho vhmake vhthe vhlong-term vhdecisions vhof
vhthe vhcompany, vhwhile vhestablishing vhthe vhobjectives.
Middle vhmanagers vh- vhANS--are vhthe vhones vhwho vhimplement vhwhat vhthe vhhigher
vhups vhtell vhthem vhto vhdo vhas vhthey vhsupervise vhthe vhlow-level vhmanagers.
First vhline vhManagers vh- vhANS--they vhmake vhshort-term vhdecisions vhfor vhthe
vhcompany vhand vhthey vhdirect vhnon-managerial vhemployees.
The vhlower vhtier vhis vhthe vh- vhANS--Nonmanagerial vhemployees vhas vhthey vhmake vhthe
vhbulk vhof vhthe vhcompany vhand vhwork vhalone vhon vhtasks vhmostly vhthe vhdirty vhwork.
A vhfunctional vhmanager vh- vhANS--has vhthe vhresponsibility vhfor vha vhspecific vhactivity.
A vhgeneral vhmanger vh- vhANS--is vhresponsible vhfor vhmany vhactivities vhfor vhthe
vhcompany.
There vhare vhalso vhmanagers vhfor vhthree vhtypes vhof vhorganizations: vh- vhANS--such
vhas vhfor-profit, vhobviously vhto vhmake vhmoney. vhNon vhprofit vhmangers vhwho vhoffer
vhservices vhin vhthe vhpublic vhor vhprivate vhsector. vhAnd vhmutual vhbenefit vhmangers
vhwho vhaid vhmembers vhsuch vhas vhthose vhin vhpolitical vhparties.
, Being vha vhmanager vh- vhANS--requires vhone vhto vhbe vhmore vhverbal vhand vhwork vhlong
vhhours vhat vhan vhintense vhpace.
Managers vhtend vhto vhget vhdistracted vhand vhlose vhfocus vh- vhANS--with vhtheir vhdaily
vhtasks, vhand vhpracticing vhmindfulness vhcan vhhelp vhthem vhwith vhthat.
Interpersonal vhmanagers vh- vhANS--are vhthe vhones vhwho vhcommunicate vhthe vhones
vhinside vhor vhoutside vhthe vhwork vhunit.
Informational vhmanagers vh- vhANS--are vhthe vhones vhwho vhmonitor, vhdisseminate,
vhand vhcommunicate vhinformation vhwith vhpeople vhinside vhor vhoutside vhthe vhcompany.
Decisional vhmanagers vh- vhANS--are vhthe vhones vhwho vhuse vhinformation vhto vhmake
vha vhdecision vhto vhtheir vhproblems vhor vhopportunities.
Through vheducation vhand vhexperience vhmanagers vhacquire vhthree vhprincipal vhskills vh-
vhANS--technical, vhconceptual, vhand vhhuman.
The vhbest vhof vhthe vhbest vhmanagers vh- vhANS--tend vhto vhmake vha vhpartner vhor
vhloved vhone vhwho vhsupports vhthem vhwhile vhthey vhgo vhthrough vha vhhigh-tier vhrole vhin
vhtheir vhcompany.
Technical vhskills vh- vhANS--is vhthe vhjob vhspecific vhknowledge vhto vhperform vhwell vhin
vhthe vhspecialized vhfield.
Conceptual vhskills vh- vhANS--is vhthe vhability vhto vhthink vhanalytically vhfor vhthe
vhcompany vhin vhorder vhto vhbuild vha vhcertain vhvision.
Human vhskills vh- vhANS--are vhthe vhabilities vhto vhwork vhwell vhin vhcooperation vhwith
vhpeople vhto vhget vhtasks vhdone.
Soft vhskills vh- vhANS--are vhinterpersonal vhskills vhneeded vhfor vhsuccess vhat vhall vhlevels,
vhwhich vhis vhsomething vhthat vhI vhdefinitely vham vhweak vhon vhand vhneed vhto vhimprove.
Competitive vhadvantages vh- vhANS--is vhthe vhability vhto vhoverperform vhcompetitors.
Innovations vh- vhANS--are vhnew vhways vhto vhdeliver vhnew vhor vhbetter vhgoods vhor
vhservices.
Managers vhtend vhto vhgo vhon vhdilemmas vh- vhANS--to vhmeet vhtargets vhsuch vhas
vhsales vhfor vhthe vhcompany.
A vhbusiness vhplan vh- vhANS--is vha vhoutline vhof vha vhcompany's vhgoal vhand vhtheir
vhstrategy vhto vhachieve vhthat vhgoal, vhand vhtheir vhstands vhto vhbecome vhsuccessful.
CHEAT SHEET :3 QUESTIONS
PERFECTLY SOLVED
Being vhefficient: vh- vhANS--means vhto vhuse vhresources, vhpeople, vhmoney, vhraw
vhmaterials, vhand vhthe vhlike-wisely vhand vhcost-effectively.
Management: vh- vhANS--is vhthe vhpursuit vhof vhorganizational vhgoals vhefficiently vhand
vheffectively, vhas vhthey vhwork vhtogether vhwith vhworkers vhto vhachieve vha vhgoal vhfor
vhthe vhcompany. vhIt vhis vhalso vhthe vhart vhof vhgetting vhthings vhdone vhthrough vhpeople.
Being vheffective vh- vhANS--means vhto vhachieve vhresults, vhby vhmaking vhthe vhright
vhdecisions vhfor vhthe vhcompany vhin vhorder vhto vhachieve vhthat vhresult vhthey vhaim vhto
vhdo.
The vhFour vhManagement vhFunctions vhare vh- vhANS--planning, vhorganizing, vhleading,
vhand vhcontrolling.
Top vhmanagers vh- vhANS--are vhthe vhones vhwho vhmake vhthe vhlong-term vhdecisions vhof
vhthe vhcompany, vhwhile vhestablishing vhthe vhobjectives.
Middle vhmanagers vh- vhANS--are vhthe vhones vhwho vhimplement vhwhat vhthe vhhigher
vhups vhtell vhthem vhto vhdo vhas vhthey vhsupervise vhthe vhlow-level vhmanagers.
First vhline vhManagers vh- vhANS--they vhmake vhshort-term vhdecisions vhfor vhthe
vhcompany vhand vhthey vhdirect vhnon-managerial vhemployees.
The vhlower vhtier vhis vhthe vh- vhANS--Nonmanagerial vhemployees vhas vhthey vhmake vhthe
vhbulk vhof vhthe vhcompany vhand vhwork vhalone vhon vhtasks vhmostly vhthe vhdirty vhwork.
A vhfunctional vhmanager vh- vhANS--has vhthe vhresponsibility vhfor vha vhspecific vhactivity.
A vhgeneral vhmanger vh- vhANS--is vhresponsible vhfor vhmany vhactivities vhfor vhthe
vhcompany.
There vhare vhalso vhmanagers vhfor vhthree vhtypes vhof vhorganizations: vh- vhANS--such
vhas vhfor-profit, vhobviously vhto vhmake vhmoney. vhNon vhprofit vhmangers vhwho vhoffer
vhservices vhin vhthe vhpublic vhor vhprivate vhsector. vhAnd vhmutual vhbenefit vhmangers
vhwho vhaid vhmembers vhsuch vhas vhthose vhin vhpolitical vhparties.
, Being vha vhmanager vh- vhANS--requires vhone vhto vhbe vhmore vhverbal vhand vhwork vhlong
vhhours vhat vhan vhintense vhpace.
Managers vhtend vhto vhget vhdistracted vhand vhlose vhfocus vh- vhANS--with vhtheir vhdaily
vhtasks, vhand vhpracticing vhmindfulness vhcan vhhelp vhthem vhwith vhthat.
Interpersonal vhmanagers vh- vhANS--are vhthe vhones vhwho vhcommunicate vhthe vhones
vhinside vhor vhoutside vhthe vhwork vhunit.
Informational vhmanagers vh- vhANS--are vhthe vhones vhwho vhmonitor, vhdisseminate,
vhand vhcommunicate vhinformation vhwith vhpeople vhinside vhor vhoutside vhthe vhcompany.
Decisional vhmanagers vh- vhANS--are vhthe vhones vhwho vhuse vhinformation vhto vhmake
vha vhdecision vhto vhtheir vhproblems vhor vhopportunities.
Through vheducation vhand vhexperience vhmanagers vhacquire vhthree vhprincipal vhskills vh-
vhANS--technical, vhconceptual, vhand vhhuman.
The vhbest vhof vhthe vhbest vhmanagers vh- vhANS--tend vhto vhmake vha vhpartner vhor
vhloved vhone vhwho vhsupports vhthem vhwhile vhthey vhgo vhthrough vha vhhigh-tier vhrole vhin
vhtheir vhcompany.
Technical vhskills vh- vhANS--is vhthe vhjob vhspecific vhknowledge vhto vhperform vhwell vhin
vhthe vhspecialized vhfield.
Conceptual vhskills vh- vhANS--is vhthe vhability vhto vhthink vhanalytically vhfor vhthe
vhcompany vhin vhorder vhto vhbuild vha vhcertain vhvision.
Human vhskills vh- vhANS--are vhthe vhabilities vhto vhwork vhwell vhin vhcooperation vhwith
vhpeople vhto vhget vhtasks vhdone.
Soft vhskills vh- vhANS--are vhinterpersonal vhskills vhneeded vhfor vhsuccess vhat vhall vhlevels,
vhwhich vhis vhsomething vhthat vhI vhdefinitely vham vhweak vhon vhand vhneed vhto vhimprove.
Competitive vhadvantages vh- vhANS--is vhthe vhability vhto vhoverperform vhcompetitors.
Innovations vh- vhANS--are vhnew vhways vhto vhdeliver vhnew vhor vhbetter vhgoods vhor
vhservices.
Managers vhtend vhto vhgo vhon vhdilemmas vh- vhANS--to vhmeet vhtargets vhsuch vhas
vhsales vhfor vhthe vhcompany.
A vhbusiness vhplan vh- vhANS--is vha vhoutline vhof vha vhcompany's vhgoal vhand vhtheir
vhstrategy vhto vhachieve vhthat vhgoal, vhand vhtheir vhstands vhto vhbecome vhsuccessful.
