MGMT Test 1 (1,2,3,4,5)question and answers rated A+ 2023

MGMT Test 1 (1,2,3,4,5)question and answers rated A+ 2023Management - correct answer Getting work done through others Efficiency - correct answer Getting work done with minimum effort, expense, or waste Effectiveness - correct answer Accomplishing tasks that help fulfill organizational objectives What is the key to an organization's success? - correct answer Management Functions of Management - correct answer planning, organizing, leading, controlling Planning - correct answer -Determining organizational goals and a method or strategy for achieving them. -Companies that plan have larger profits and faster growth than companies that don't plan Organizing - correct answer deciding where decisions will be made, who will do what jobs and tasks, and who will work for whom. -It is about determining how to get things done EX: Increase staff when business is busy and decrease staff when it is slow Leading - correct answer inspiring and motivating workers to work hard to achieve organizational goals Controlling - correct answer monitoring progress toward goal achievement and taking corrective action when needed 4 steps of controlling - correct answer 1. Set standards