GB 370 Final Exam ACTUAL QUESTIONS
AND CORRECT ANSWERS
types of organizational resources - Correct answers✔physical resources
financial resources human resources informational resources
physical resources - Correct answers✔- raw materials (office & production equipment) -
office facilities, computers
human resources - Correct answers✔- managerial talent and labor
- workers, administration, executives
informational resources - Correct answers✔- usable data, information linkage -
sales forecasts, research reports
financial resources - Correct answers✔- capital investments to support the company -
stockholder investments, alumni donations
management - Correct answers✔a set of activities, planning, organizing, leading and
controlling directed at an organization's resources (human, financial, informational, physical) and
executing these things EFFECTIVELY and EFFICIENTLY
4 basic management functions - Correct answers✔- planning
- organizing
- leading
, - controlling
efficiently - Correct answers✔using resources in a cost-effective way
effectively - Correct answers✔making the right decisions and implementing them successfully
10 managerial role groups - Correct answers✔- interpersonal
- informational
- decisional
what is a manager? - Correct answers✔someone who's primary job is to carry out the
management process: plans and makes decisions, organizes, leads and controls human, financial,
physical and informational resources
plan - Correct answers✔setting objectives and coming up with a course of action for achieving
those objectives
strategic planning - Correct answers✔analyzing competitors opportunities and weaknesses,
then your organization's strengths & weaknesses, and then positioning the organization
effectively in it's environment
tactical planning - Correct answers✔planning (1-3 years prior) to develope concrete and
specific means to implement the strategic plan
operational planning - Correct answers✔short range plans (less than a year) to develop action
plans to support the strategic and tactical plans
AND CORRECT ANSWERS
types of organizational resources - Correct answers✔physical resources
financial resources human resources informational resources
physical resources - Correct answers✔- raw materials (office & production equipment) -
office facilities, computers
human resources - Correct answers✔- managerial talent and labor
- workers, administration, executives
informational resources - Correct answers✔- usable data, information linkage -
sales forecasts, research reports
financial resources - Correct answers✔- capital investments to support the company -
stockholder investments, alumni donations
management - Correct answers✔a set of activities, planning, organizing, leading and
controlling directed at an organization's resources (human, financial, informational, physical) and
executing these things EFFECTIVELY and EFFICIENTLY
4 basic management functions - Correct answers✔- planning
- organizing
- leading
, - controlling
efficiently - Correct answers✔using resources in a cost-effective way
effectively - Correct answers✔making the right decisions and implementing them successfully
10 managerial role groups - Correct answers✔- interpersonal
- informational
- decisional
what is a manager? - Correct answers✔someone who's primary job is to carry out the
management process: plans and makes decisions, organizes, leads and controls human, financial,
physical and informational resources
plan - Correct answers✔setting objectives and coming up with a course of action for achieving
those objectives
strategic planning - Correct answers✔analyzing competitors opportunities and weaknesses,
then your organization's strengths & weaknesses, and then positioning the organization
effectively in it's environment
tactical planning - Correct answers✔planning (1-3 years prior) to develope concrete and
specific means to implement the strategic plan
operational planning - Correct answers✔short range plans (less than a year) to develop action
plans to support the strategic and tactical plans
