MIE 201 Exam 3 (Chapters 6, 7, 9, and
10) Exam 2026 Questions and Answers
Management - Correct answer-Process designed to achieve an organization's
objectives by using its resources effectively and efficiently in a changing
environment.
Effectively - Correct answer-Having the intended result
Efficiently - Correct answer-Accomplishing the objectives with a minimum of
resources
Managers - Correct answer-Make decisions about the use of the organizations
resources and are concerned with planning, organizing, directing, and controlling
the organization's activities to reach objectives.
Staffing - Correct answer-Hiring people to carry out the work of the organization.
Downsizing - Correct answer-Elimination of significant numbers of employees
from an organization.
Planning - Correct answer-The process of determining the organization's objectives
and deciding how to accomplish them, the first function of management.
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, Mission - Correct answer-Declaration of an organization's fundamental purpose
and basic philosophy. "What business are we in?".
Goals - Correct answer-The result that a firm wishes to achieve. Includes 3 key
components: an attribute sought, a target to be achieved, and a time frame.
Objectives - Correct answer-The ends or results desired by an organization, derived
from the organization's mission. Objectives are usually measurable such as profits.
Strategic plans - Correct answer-Establish the long-range objectives and overall
strategy or course of action by which the firm fulfills its mission. Generally cover
periods of one year or longer.
Tactical plans - Correct answer-Short range and designed to implement the
activities and objectives specified in the strategic plan. Usually cover a period of
one year or less, helping to stay on course for strategic plans.
Operational plans - Correct answer-Very short term and specify what actions
specific individuals, work groups, or departments need to accomplish in order to
achieve the tactical plan and ultimately the strategic plan. Apply to month, week,
or even day periods.
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10) Exam 2026 Questions and Answers
Management - Correct answer-Process designed to achieve an organization's
objectives by using its resources effectively and efficiently in a changing
environment.
Effectively - Correct answer-Having the intended result
Efficiently - Correct answer-Accomplishing the objectives with a minimum of
resources
Managers - Correct answer-Make decisions about the use of the organizations
resources and are concerned with planning, organizing, directing, and controlling
the organization's activities to reach objectives.
Staffing - Correct answer-Hiring people to carry out the work of the organization.
Downsizing - Correct answer-Elimination of significant numbers of employees
from an organization.
Planning - Correct answer-The process of determining the organization's objectives
and deciding how to accomplish them, the first function of management.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Mission - Correct answer-Declaration of an organization's fundamental purpose
and basic philosophy. "What business are we in?".
Goals - Correct answer-The result that a firm wishes to achieve. Includes 3 key
components: an attribute sought, a target to be achieved, and a time frame.
Objectives - Correct answer-The ends or results desired by an organization, derived
from the organization's mission. Objectives are usually measurable such as profits.
Strategic plans - Correct answer-Establish the long-range objectives and overall
strategy or course of action by which the firm fulfills its mission. Generally cover
periods of one year or longer.
Tactical plans - Correct answer-Short range and designed to implement the
activities and objectives specified in the strategic plan. Usually cover a period of
one year or less, helping to stay on course for strategic plans.
Operational plans - Correct answer-Very short term and specify what actions
specific individuals, work groups, or departments need to accomplish in order to
achieve the tactical plan and ultimately the strategic plan. Apply to month, week,
or even day periods.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
