MGMT 340 Chapter 1 Questions and
Answers | Latest Update | 2024/2025 |
Rated A+
What is the primary focus of management?
A. Increasing profits
B. Efficiently achieving organizational goals
C. Minimizing costs
D. Expanding market share
B. Efficiently achieving organizational goals
Wh...
Which of the following best describes the concept of planning in management?
A. Reacting to changes
B. Setting objectives and determining a course of action
C. Delegating tasks
D. Monitoring employee performance
✔✔ B. Setting objectives and determining a course of action
What does organizing in management involve?
1
,A. Setting objectives
B. Creating a network of relationships
C. Evaluating performance
D. Communicating with employees
✔✔ B. Creating a network of relationships
Which of the following is a key function of management?
A. Dictating
B. Controlling
C. Ignoring feedback
D. Sole decision-making
✔✔ B. Controlling
What is the main purpose of leading in management?
A. To manage finances
B. To inspire and motivate employees
C. To create policies
D. To conduct evaluations
2
, ✔✔ B. To inspire and motivate employees
Which term refers to the process of monitoring progress toward goal achievement?
A. Planning
B. Organizing
C. Leading
D. Controlling
✔✔ D. Controlling
What is a characteristic of effective management?
A. Authoritarian leadership
B. Flexibility and adaptability
C. Rigid structure
D. Lack of communication
✔✔ B. Flexibility and adaptability
Which type of manager focuses primarily on the day-to-day operations of the organization?
A. Top manager
3
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 SterlingScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.95. You're not tied to anything after your purchase.
