(WGU C483) BUS 2301 Principles of Management - OA Review .(WGU C483) BUS 2301 Principles of Management - OA Review .(WGU C483) BUS 2301 Principles of Management - OA Review .
,1. Multiple Choice: Which management theory emphasizes the
psychological and social aspects of work?
a) Scientific Management
b) Bureaucratic Management
c) Human Relations Management
d) Contingency Management
Correct Answer: c) Human Relations Management
Rationale: Human Relations Management theory focuses on the
workforce's psychological and social aspects, recognizing that
employee satisfaction and group dynamics are key to productivity.
2. Fill-in-the-Blank: __________ is the process of setting goals and
deciding how to achieve them.
Correct Answer: Planning
Rationale: Planning is the fundamental function of management
that involves setting objectives and determining a course of action
for achieving those objectives.
, Rationale: The equity principle, part of Henri Fayol's 14
Principles of Management, advocates for fairness and impartiality
in the treatment of employees.
4. Multiple Response: Which of the following are considered part
of the four functions of management?
a) Organizing
b) Staffing
c) Budgeting
d) Controlling
Correct Answers: a) Organizing, b) Staffing, d) Controlling
Rationale: Organizing, staffing, and controlling, along with
planning, are traditionally identified as the four main functions of
management. Budgeting is a part of the planning phase.
5. Multiple Choice: In the context of strategic management,
SWOT analysis is used to:
a) Evaluate performance
b) Set objectives
c) Identify competitive advantages
d) Analyze internal and external factors
Correct Answer: d) Analyze internal and external factors
, Rationale: SWOT analysis is a strategic planning tool used to
identify and analyze the Strengths, Weaknesses, Opportunities, and
Threats involved in a project or business venture.
6. Fill-in-the-Blank: The _________ environment of a business
includes factors like technology, economy, and competition.
Correct Answer: External
Rationale: The external environment of a business refers to
outside factors that influence the company's ability to operate
effectively, which are not within the company's control.
7. True/False: Decentralization is the systematic delegation of
authority at all levels of management.
Correct Answer: True
Rationale: Decentralization refers to the dispersal of decision-
making power to lower levels in an organizational hierarchy.
8. Multiple Response: Effective communication in organizations
involves:
a) Active listening
b) Clear messaging
c) Frequent meetings
d) Open feedback channels
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 Bankart. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.