Exam 1: Managers and Management

Deciding who will be assigned to which job is a part of the leading function of management.

A typical first-level manager spends more of his or her time leading than planning.

Managers working in privately held organizations are accountable to shareholders and report to a board of directors.

Refer to the Scenario below to answer the question that follows. The General Manager (Scenario) Michelle is the general manager of a power plant.After a meeting with city officials to discuss environmental issues,she spent the day researching new technologies that can be used to improve the performance of her plant.She discovered a new opportunity based on that research. -Which decisional role did Michelle use during the day?

You have recently started your own business.You are the owner and sole employee.Your business is an organization.

As Don conducts Phil's performance review he is performing which managerial function?

Preparing a budget is an example of which management function?

A goal of efficiency is to minimize output costs while maximizing input costs.

Effectiveness refers to the attainment of the organization's goals.

One of the common characteristics of all organizations is ________ that define(s)rules,regulations,and values of the organization.

Discuss the importance of studying management.

Discuss the difference between efficiency and effectiveness.

Efficiency refers to ________.

Part of what defines an organization is its purpose.

Which of the following did a poll find to be the most important variable in employee productivity?

Defining goals is a key part of the organizing function of management.

Entrepreneurs need access to three types of capital: human,financial,and technical.

A manager does not work directly on tasks for the organization.

Another term for efficiency is ________.

In an effort to respond to the increasing societal,economic,political,global,and technological changes of the current environment,organizations are becoming more rigid and closed.