Exam (elaborations)
MGT 300 Exam 1 Questions and Answers 2024( A+ GRADED 100% VERIFIED).
- Course
- Institution
MGT 300 Exam 1 Questions and Answers 2024( A+ GRADED 100% VERIFIED).
[Show more]
Content preview
MGT 300 Exam 1Management - ANS (1) pursuit of organizational goals efficiently and effectively by (2)
integrating the work of people through (3) planning, organizing, leading, and controlling the
organization's resources
Efficiency - ANS Use resources --people, money, raw materials, and the like wisely and cost
effectively
Effectiveness - ANS Achieve results, to make the right decisions and to successfully carry them
out so that they achieve the organization's goals
Seven challenges for being an effective manager - ANS 1. Competitive advantage - outperform
the competition
2. Managing for diversity
3. Managing for globalization
4. Managing for new information
5. Managing for ethical standards
6. Managing for sustainability
7. Managing for happiness
Four functions of management - ANS Planning, organizing, controlling, leading
Levels of management - ANS Top managers (CEO, COO, President) - Make long term
decisions about the overall direction of the organization and establish the objectives, policies,
and strategies.
Middle managers - Implement the policies and plans of the top managers above them and
supervise and coordinate the activities of the first line managers below them.
First line managers - Make short term operating decisions, directing the daily tasks of non
managerial personnel
Team leaders - A manager who is responsible for facilitating team activities toward achieving
key results
Types of managerial roles - ANS Functional manager - Responsible for just one organizational
activity
General manager - Responsible for several organizational activities
Skills and traits of managers - ANS Technical skills - job-specific knowledge needed to perform
well in a specialized field.
Conceptual skills - Ability to think analytically, to visualize an organization as a whole and
understand how the parts work together
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LECTDERRICK. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75619 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now