LATEST UPDATE 2026
What is Management? - Answers organizational objectives as efficently as possible
What are managers responsible for? - Answers getting work done through others to
accomplish tasks that help fulfill
Management Functions - Answers planning, organizing, cooordinating, commanding,
and controlling
Meta Analysis - Answers a study of studies, a statistical approach that provides one
of the best scientific estimates of who well management theories and practices work
Top Managers - Answers executives responsible for the overall direction of the
organization
First line managers - Answers managers who train and supervise the performance of
nonmanagerial employees who are directly resposible for producing the complany's
products or services
Middle Managers - Answers managers responsible for setting objectives consistent
with the top managements goals and for planning and implementing subunit strategies
for achieving these objectives
Types of Environments example: Stable vs Dynamic- - Answers Stable is an
environment where the rate of change is slow. Dynamic is an environment where the
rate of change is fast
Resource Scarcity - Answers The abundance or shortage of critical organizational
resources.
External and Internal environments - Answers Internal environment the events and
trends inside an organization that affect management. External environments are all
events outside a company that have the potential to influence or affect it.
Ethics - Answers the set of moral principles or values that defines right and wrong for
a person or group
Ethical behavior - Answers behavior that conforms to a society's principles of right or
wrong.
Types of discrimination - Answers Age, Disability, Equal Pay/Compensation,
Genetic Information, Harassment, National Origin, Pregnancy, Race/Color, Religion,
Retaaliation, Sex, Sexual Harassment.
Diversity - Answers having multiple races/cultures in an organization