Exam 1: Introduction to Principles of Management

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An organization makes a profit when its ___________ are more than its costs in a given period of time.

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

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General managers set specific goals for their own departments and see that the goals are met.

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Tactical planning in an organization is usually an intermediate-range plan designed to develop specific means to implement the strategic plan.

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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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Two companies well known for their strong CSR orientations are:

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Strategic management is the body of knowledge that answers questions about the development and implementation of ____________.

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What are the four major functions that categorize the principles of management? Planning,organizing,leading,and controlling.Easy;Knowledge

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Controlling involves ensuring that performance does not deviate from the mission of the organization.

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

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Strategic planning involves analyzing competitive opportunities and threats as well as _____________ and _____________ of the organization.

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There are many different types of plans and planning in an organization.Name three mentioned in the text and explain the purpose of each?

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Strategy is a coherent plan of action,articulated in clear goals and objectives for a long-term purpose of an organization.

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