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Exam (elaborations)
MGMT 601 Exam 1
MGMT 601 Exam 1 
Cost Competitiveness - ANSWER...-Keeping costs low to achieve profits and be able to 
offer prices that are attractive to consumers. It requires efficiency. 
Management - ANSWER...-The process of working with people and resources to 
accomplish organizational goals efficiently and effectively. 
Effeciency - ANSWER...-the ratio of output work to input work 
Effectiveness - ANSWER...-accomplishing tasks that help fulfill organizational objectives 
Emotional Intelligence - ANSWER.....