T/F: Our society is strongly influenced by managers and their organizations. - Answer True
DEF: A group of people working together in a structured and coordinated fashion to achieve a set of goals - Answer Organization
QUES: What are the four basic kinds of resources organizations use f...
MNGT 3100 Wesson Exam Review
Questions Answered Correctly.
T/F: Our society is strongly influenced by managers and their organizations. - Answer True
DEF: A group of people working together in a structured and coordinated fashion to achieve a set of
goals - Answer Organization
QUES: What are the four basic kinds of resources organizations use from their environment? - Answer -
Human Resources
- Financial Resources
- Physical Resources
- Information Resources
MC: This type of resources includes managerial talent and labor.
a) Human
b) Financial
c) Physical
d) Information - Answer a) Human
MC: This type of resources is the capital used by the organization to finance both ongoing and long-term
operations.
a) Human
b) Financial
c) Physical
d) Information - Answer b) Financial
,MC: This type of resource includes raw materials, office and production facilities, and equipment.
a) Human
b) Financial
c) Physical
d) Information - Answer c) Physical
MC: This type of resource includes usable data needed to make effective decisions.
a) Human
b) Financial
c) Physical
d) Information - Answer d) Information
QUES: Who is responsible for combining and coordinating the various resources to achieve the
organization's goals? - Answer the manager
QUES: What are the four basic managerial functions/activities? - Answer - Planning and Decision
Making
- Organizing
- Controlling
- Leading
MC: This managerial function involves setting the organization 's goals and deciding how best to achieve
them.
a) Planning and Decision Making
b) Organizing
c) Controlling
,d) Leading - Answer a) Planning and Decision Making
MC: This managerial function involves determining how best to coordinate activities and resources.
a) Planning and Decision Making
b) Organizing
c) Controlling
d) Leading - Answer b) Organizing
MC: This managerial function involves motivating members of the organization to work in the best
interest of the organization.
a) Planning and Decision Making
b) Organizing
c) Controlling
d) Leading - Answer d) Leading
MC: This managerial function involves monitoring and correcting ongoing activities to facilitate goal
attainment.
a) Planning and Decision Making
b) Organizing
c) Controlling
d) Leading - Answer c) Controlling
DEF: A set of activities (including planning and decision making, organizing, leading, and controlling)
directed at an organization's resources (human, financial, physical, and information), with the aim of
achieving organizational goals in an efficient and effective manner - Answer Management
, QUES: What is the basic purpose of management? - Answer The basic purpose of management is
ensuring efficiency and effectiveness
CTBO: (Efficiency/Effectiveness) is using resources wisely in a cost effective way and
(efficiency/effectiveness) is making the right decision and successfully implementing them - Answer
Efficiency, effectiveness
DEF: Someone whose primary responsibility is to carry out the management process - Answer Manager
FITB: A _______ is someone who plans and makes decisions, organizes, leads, and controls human,
financial, physical, and information resources. - Answer manager
T/F: Most mangers only engage in one managerial function at a time. - Answer False (Most managers
engage in more than one activity at a time and often move back and forth between the activities in
unpredictable ways.)
DEF: Setting an organization's goals and deciding how best to achieve them - Answer Planning
DEF: Part of the planning process that involves selecting a course of action from a set of alternatives -
Answer Decision Making
FITB: _______ and _______ help maintain managerial effectiveness by serving as guides for future
activities. - Answer Planning, decision making
FITB: Some people consider _______ to be both the most important and the most challenging of all
managerial activities. - Answer Leading
DEF: Determining how activities and resources are to be grouped - Answer Organizing
DEF: Set of processes used to get members of the organization to work together to further the interests
of the organization - Answer Leading
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