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Samford BUSA 100 Test 3 Dr. Cartledge Latest Update Exam | Questions and
Verified Answers | 100% Correct | Grade A +
Management - ANSWER A process designed to achieve an
organization's objectives by using its resources effectively and
efficiently in a changing environment
Planning - ANSWER The process of determining the
organization's objectives and deciding how to accomplish them;
the first function of management
Organizing - ANSWER The structuring of resources and activities
to accomplish objectives in an efficient and effective manner
Staffing - ANSWER The hiring of people to carry out the work of
the organization
Controlling - ANSWER The process of evaluating and correcting
activities to keep the organization on course
Directing - ANSWER Motivating and leading employees to
achieve organizational objectives
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Strategic Plans - ANSWER Those plans that establish the long-
range objectives and overall strategy or course of action by
which a firm fulfills its mission
Objectives of Businesses - ANSWER The measurable ends or
results desired by an organization; profit, competitive
advantage, efficiency, and growth
Tactical Plans - ANSWER Short-range plans designed to
implement the activities and objectives specified in the strategic
plan
Operational Plans - ANSWER Very short-term plans that specify
what actions individuals, work groups, or departments need to
accomplish in order to achieve the tactical plan and ultimately
the strategic plan
Contingency Planning - ANSWER An element in planning that
deals with potential disasters such as product tampering, oil
spills, fire, earthquake, computer virus, or airplane crash.
Samford BUSA 100 Test 3 Dr. Cartledge Latest Update Exam | Questions and
Verified Answers | 100% Correct | Grade A +
Management - ANSWER A process designed to achieve an
organization's objectives by using its resources effectively and
efficiently in a changing environment
Planning - ANSWER The process of determining the
organization's objectives and deciding how to accomplish them;
the first function of management
Organizing - ANSWER The structuring of resources and activities
to accomplish objectives in an efficient and effective manner
Staffing - ANSWER The hiring of people to carry out the work of
the organization
Controlling - ANSWER The process of evaluating and correcting
activities to keep the organization on course
Directing - ANSWER Motivating and leading employees to
achieve organizational objectives
, 2|Page
Strategic Plans - ANSWER Those plans that establish the long-
range objectives and overall strategy or course of action by
which a firm fulfills its mission
Objectives of Businesses - ANSWER The measurable ends or
results desired by an organization; profit, competitive
advantage, efficiency, and growth
Tactical Plans - ANSWER Short-range plans designed to
implement the activities and objectives specified in the strategic
plan
Operational Plans - ANSWER Very short-term plans that specify
what actions individuals, work groups, or departments need to
accomplish in order to achieve the tactical plan and ultimately
the strategic plan
Contingency Planning - ANSWER An element in planning that
deals with potential disasters such as product tampering, oil
spills, fire, earthquake, computer virus, or airplane crash.
