Exam 1: Introduction to Management

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The ultimate responsibility of managers is to achieve high performance by balancing efficiency and effectiveness.

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Define management and describe two important ideas expressed in the definition.

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The degree to which the organization achieves a stated goal is called _____.

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The rise of virtual work has led to a decline in organizational hierarchies.

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When an organization is deliberately structured, it is designed to achieve some outcome, such as making a profit.

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The use of influence to motivate employees to achieve the organization's goals refers to controlling.

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Department heads and division managers are examples of _____ managers.

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Which of these can best describe organizing?

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Most top executives routinely work at least 12 hours a day and spend 50 percent or more of their time travelling.

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Which skill includes highly specialized knowledge and analytical ability?

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The nature of management is to control and dictate others in an organization.

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The nature of management is to cope with _____ and far-reaching challenges.

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Monitoring activities and making corrections are part of:

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_____ managers are directly responsible for the production of goods and services.

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In today's turbulent and hypercompetitive global environment, managers must help their companies innovate more than ever.

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Describe the four management functions.

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A social entity that is goal directed and deliberately structured is called a(n) _____.

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Manager least enjoy activities such as controlling subordinates and managing time pressures.

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Controlling involves monitoring employee's activities and taking corrective action as necessary.

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Which of the following refers to the optimum amount of resources used to achieve an organization's goal?

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