MGMT 309 EXAM 1 || WITH ERRORLESS ANSWERS.
Management Functions correct answers Planning: setting an organization's oals and deciding
how to achiever them. Part of planning is decision making, which is choosing a course of action
from various alternatives
Organizing: deciding how people, their activities, and the organizations resources should be
grouped so that they work together in a coordinated way
Leading: motivating and managing members of the organization to work together in the interests
of the organization
Controlling: monitoring and correcting the organization's progress towards its goals
Select management function: Budgeting enough money for maintenance, marketing, and
development of new products correct answers Organizing- Managers need to organize these
resources so they work together in a coordinated way; otherwise, the plan will probably not be
successful. Managers organize work by defining job roles, supervisory structures, and budgets
Select management function: Requiring employees to remain within a fixed budgetary limit
when purchasing supplies and travel for the company correct answers Controlling- tracks how
the organization is doing and puts up "guardrails" to protect the organization from harm
Select management function: Meeting one-on-one with subordinates to discuss their strengths
and opportunities for improvement correct answers Leading- the manager needs to motivate
people to carry out the plan successfully. Successful leadership involves giving people the
training, environment, performance feedback, and rewards they need to do their best work
Select management function: Setting an organization's goals correct answers Planning- Planning
involves setting goals, whether for the whole organization, part of the organization, or a specific
task. Plans help managers know where to invest resources. Goals, milestones, and results are key
elements of plans.
Select management function: Deciding to increase customer satisfaction by keeping prices low
instead of by stocking more types of merchandise correct answers Decision Making- To
, formulate a plan, managers almost always need to decide to take one course of action over
another. Decision making is a vital part of the planning function of management.
Types of Managers correct answers Top managers- the executives who manage the overall
organization (CEO, chief experience officer, and chief strategy strategy officer)
Middle manager- implement the policies and plans of top managers and supervise lower-level
manager (director, manager, and product owner)
First-line managers- supervise operating employees (supervisor, coordinator, and lead)
A manager who is primarily responsible for monitoring activities of non-managers is most likely
a ________. correct answers first-line manager
Type of manager: successful candidate will have several years of experience managing the sales
of products on digital platforms and in brick-and-mortar sales correct answers marketing
manager- work in a variety of ways to get more customers to purchase the organization's product
or service
Type of manager: as part of this job, you would be implementing budgetary controls to better
manage costs of operations correct answers financial manager- work is a variety of ways to
manage the organizations financial resources
Type of manager: candidates with experience redesigning manufacturing facility to improve
efficiency are preferred correct answers operations manager- ensure that the organization
produces goods or services efficiently
Technical skills correct answers type of managerial skill to accomplish or at least understand the
work done in the organization
Type of management skill: Placing orders for materials correct answers Technical skill-
Managers who lead certain kinds of work often have at least some of the technical skills needed
to do the work, even if they largely delegate this work to subordinates.
Management Functions correct answers Planning: setting an organization's oals and deciding
how to achiever them. Part of planning is decision making, which is choosing a course of action
from various alternatives
Organizing: deciding how people, their activities, and the organizations resources should be
grouped so that they work together in a coordinated way
Leading: motivating and managing members of the organization to work together in the interests
of the organization
Controlling: monitoring and correcting the organization's progress towards its goals
Select management function: Budgeting enough money for maintenance, marketing, and
development of new products correct answers Organizing- Managers need to organize these
resources so they work together in a coordinated way; otherwise, the plan will probably not be
successful. Managers organize work by defining job roles, supervisory structures, and budgets
Select management function: Requiring employees to remain within a fixed budgetary limit
when purchasing supplies and travel for the company correct answers Controlling- tracks how
the organization is doing and puts up "guardrails" to protect the organization from harm
Select management function: Meeting one-on-one with subordinates to discuss their strengths
and opportunities for improvement correct answers Leading- the manager needs to motivate
people to carry out the plan successfully. Successful leadership involves giving people the
training, environment, performance feedback, and rewards they need to do their best work
Select management function: Setting an organization's goals correct answers Planning- Planning
involves setting goals, whether for the whole organization, part of the organization, or a specific
task. Plans help managers know where to invest resources. Goals, milestones, and results are key
elements of plans.
Select management function: Deciding to increase customer satisfaction by keeping prices low
instead of by stocking more types of merchandise correct answers Decision Making- To
, formulate a plan, managers almost always need to decide to take one course of action over
another. Decision making is a vital part of the planning function of management.
Types of Managers correct answers Top managers- the executives who manage the overall
organization (CEO, chief experience officer, and chief strategy strategy officer)
Middle manager- implement the policies and plans of top managers and supervise lower-level
manager (director, manager, and product owner)
First-line managers- supervise operating employees (supervisor, coordinator, and lead)
A manager who is primarily responsible for monitoring activities of non-managers is most likely
a ________. correct answers first-line manager
Type of manager: successful candidate will have several years of experience managing the sales
of products on digital platforms and in brick-and-mortar sales correct answers marketing
manager- work in a variety of ways to get more customers to purchase the organization's product
or service
Type of manager: as part of this job, you would be implementing budgetary controls to better
manage costs of operations correct answers financial manager- work is a variety of ways to
manage the organizations financial resources
Type of manager: candidates with experience redesigning manufacturing facility to improve
efficiency are preferred correct answers operations manager- ensure that the organization
produces goods or services efficiently
Technical skills correct answers type of managerial skill to accomplish or at least understand the
work done in the organization
Type of management skill: Placing orders for materials correct answers Technical skill-
Managers who lead certain kinds of work often have at least some of the technical skills needed
to do the work, even if they largely delegate this work to subordinates.
