California State University-Fullerton MGMT 339 Exam 1 ||
Faultless Answers 100%.
The role of mgmt? 3. correct answers 1) Guide organizations toward goal accomplishment 2)
Assigning effective activities 3) Working through other people and resources
Definition of mgmt? 3. correct answers 1) A process to accomplish organizational goals 2)
Utilizing a cumulative body of information 3) Career devoted to guiding and directing
organizations
What are the 4 functions of Managment? correct answers 1) Planning 2) Organizing 3)
Influencing 4) Controlling
What are the 4 organizational resources? correct answers 1) Human 2) Monetary 3) Raw
Materials 4) Capital
What are the 3 types of management skills? correct answers 1) Technical 2) Human 3)
Conceptual
What type of skills do top management need? correct answers Conceptual and human
What type of skills do middle mgmt need? correct answers Human, conceptual, and technical
what type of skills do lower mgmt need? correct answers Technical skills and human
What are the 4 stages of a career? correct answers 1) Exploration 2) Establishment 3)
Maintenance 4) Decline
What is the definition of planning? correct answers The systematic development of action plans
aimed at reaching objectives by analyzing, evaluating, and selecting foreseen opportunities
, What are the advantages of planning? correct answers 1) Forces managers to think about the
future 2) Improves coordination of decisions 3) Emphasizes organizational objectives 4) Helps
greatly in the creation of a new business
What are the disadvantages of planning? correct answers Takes a lot of time
What are the two types of plans? correct answers 1) Standing plan 2) Single use plan
What is a standing plan? correct answers Used over and over again because it focuses on
situations that occur repeatedly
What is a single use plan? correct answers Used to carry out a special project, not to be repeated
What are the 5 steps of the planning process? correct answers 1) State organizational objectives
2) List alternative ways of reaching objective 3) Choose best alternative 4) Develop a plan (short
or long range) 5) Put into action
What are the 3 types of time related objectives? correct answers 1) Long term 2) Intermediate
term 3) short tem
How long is a long term objective? correct answers 5-7 years
How long is a intermediate term objective? correct answers 1-5 years
How long is a short term objective? correct answers 1 year or less
What are the 4 types of sales forecasting (Quantitative)? correct answers 1) Funnel 2) Moving
average 3) Regression 4) Product stages/life cycles
Faultless Answers 100%.
The role of mgmt? 3. correct answers 1) Guide organizations toward goal accomplishment 2)
Assigning effective activities 3) Working through other people and resources
Definition of mgmt? 3. correct answers 1) A process to accomplish organizational goals 2)
Utilizing a cumulative body of information 3) Career devoted to guiding and directing
organizations
What are the 4 functions of Managment? correct answers 1) Planning 2) Organizing 3)
Influencing 4) Controlling
What are the 4 organizational resources? correct answers 1) Human 2) Monetary 3) Raw
Materials 4) Capital
What are the 3 types of management skills? correct answers 1) Technical 2) Human 3)
Conceptual
What type of skills do top management need? correct answers Conceptual and human
What type of skills do middle mgmt need? correct answers Human, conceptual, and technical
what type of skills do lower mgmt need? correct answers Technical skills and human
What are the 4 stages of a career? correct answers 1) Exploration 2) Establishment 3)
Maintenance 4) Decline
What is the definition of planning? correct answers The systematic development of action plans
aimed at reaching objectives by analyzing, evaluating, and selecting foreseen opportunities
, What are the advantages of planning? correct answers 1) Forces managers to think about the
future 2) Improves coordination of decisions 3) Emphasizes organizational objectives 4) Helps
greatly in the creation of a new business
What are the disadvantages of planning? correct answers Takes a lot of time
What are the two types of plans? correct answers 1) Standing plan 2) Single use plan
What is a standing plan? correct answers Used over and over again because it focuses on
situations that occur repeatedly
What is a single use plan? correct answers Used to carry out a special project, not to be repeated
What are the 5 steps of the planning process? correct answers 1) State organizational objectives
2) List alternative ways of reaching objective 3) Choose best alternative 4) Develop a plan (short
or long range) 5) Put into action
What are the 3 types of time related objectives? correct answers 1) Long term 2) Intermediate
term 3) short tem
How long is a long term objective? correct answers 5-7 years
How long is a intermediate term objective? correct answers 1-5 years
How long is a short term objective? correct answers 1 year or less
What are the 4 types of sales forecasting (Quantitative)? correct answers 1) Funnel 2) Moving
average 3) Regression 4) Product stages/life cycles
