2026 Exam All Answers and
Illustrations Given
What is management? - ANSWER ✔✔The planning, organizing,
leading, and controlling of human and other resources to achieve
organizational goals effectively and efficiently.
Efficiency - ANSWER ✔✔A measure of how well or productively
resources are used to achieve a goal.
Effectiveness - ANSWER ✔✔A measure of the appropriateness of
the goals an organization is pursuing and the degree to which they are
achieved.
, Conceptual skills - ANSWER ✔✔The ability to analyze and diagnose
a situation and distinguish between cause and effect.
Technical skills - ANSWER ✔✔The specific knowledge and
techniques required to perform an organizational role.
Human skills - ANSWER ✔✔The ability to understand, alter, lead,
and control the behavior of other individuals and groups.
What are the big five personality traits? - ANSWER ✔✔Extraversion,
agreeableness, openness, negative affect, and conscientiousness.
Extraversion - ANSWER ✔✔Tendency to experience positive
emotions and moods and feel good about oneself and the rest of the
world.
Managers high in extraversion - ANSWER ✔✔Tend to be sociable,
affectionate, outgoing, and friendly.
Managers low in extraversion - ANSWER ✔✔Tend to be less inclined
toward social interaction and have a less positive outlook.
Agreeableness - ANSWER ✔✔Tendency to get along well with
others.