Exam 1: Introduction to Principles of Management

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Effective controlling requires the existence of plans,

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The three informational roles assumed by a manager are primarily concerned with providing information outside the organization.

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Principles of management are often discussed or learned using a framework of _______.

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planning, organizing, leading, and controlling

Why is entrepreneurship defined as a process ion 3

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Controlling involves ensuring that performance does not deviate from _____________.

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_______________ is the function of management that involves developing an organizational structure and allocating human resources.

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Since there have been tremendous changes in the environment faced by managers, the functions of planning, organizing, leading and controlling are not considered essential functions by many organizations today.

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The difference between group and team is:

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Economic performance of a firm is a function of its success in producing benefits for its owners in particular, accomplished through product innovation and the efficient use of resources to produce some form of profit.

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Traditionally, ___________ was based on principles of division of labor and specialization.

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Environmental scanning is the act of analyzing the critical external contingencies and trends facing an organization in terms of:

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CSR is a concept whereby organizations consider the interest of ________ by taking responsibility for the impact of their activities on customers, suppliers, employees, communities, and the environment in all aspects of their operations.

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Monitor, disseminator, and spokesperson are the three decisional managerial roles in an organization.

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Describe leadership.

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Entrepreneurs are the catalysts for value creation by first identifying a(an) _______________.

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Managers are responsible for getting activities completed efficiently and achieving the firm's goals by utilizing:

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Organizational citizenship behaviors can be understood as:

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What are the three interpersonal roles a manager may assume in an organization?

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In the role of spokesperson, the manager disseminates the organization's information to the units and departments.

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There are two decisional managerial roles in an organization.

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