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Mgmt 310 Exam 1 questions with verified already passed

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  • Mgmt 310
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  • Mgmt 310

Mgmt 310 Exam 1 questions with verified already passed

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  • September 29, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Mgmt 310
  • Mgmt 310
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kirus27
Mgmt 310 Exam 1

Manager - correct answer ✔✔Someone who coordinates and oversees the work of other people so that
organizational goals can be accomplished



Levels of management - correct answer ✔✔1. Non managerial employees

2. First-line managers

3. Middle managers

4. Top managers



First-line managers - correct answer ✔✔Manage the work of non-managerial employees



Middle managers - correct answer ✔✔Manage the work of first-line managers



Top managers - correct answer ✔✔Responsible for making organization-wide decisions and establishing
plans and goals that affect the entire organization



Organization - correct answer ✔✔A deliberate arrangement of people to accomplish some specific
purpose



Characteristics of organizations - correct answer ✔✔Distinct purpose

Deliberate structure

People



Why are managers important? - correct answer ✔✔Critical to get things done



Management - correct answer ✔✔Involves coordinating and overseeing the work activities of others so
that their activities are completed efficiently and effectively

,Efficiency - correct answer ✔✔Doing things right. Getting the most output from the least amount of
input



Effectiveness - correct answer ✔✔Doing the rights things. Attaining organizational goals



What does management strive for? - correct answer ✔✔Low resource waste and high goal attainment



Planning - correct answer ✔✔Defining goals, establishing strategies to achieve goals, and developing
plans to integrate and coordinate activities



Organizing - correct answer ✔✔Arranging and structuring work to accomplish organizational goals



Leading - correct answer ✔✔Working with and through people to accomplish goals



Controlling - correct answer ✔✔Monitoring, comparing, and correcting work



Four manager functions - correct answer ✔✔Planning, organizing, leading, controlling



Roles - correct answer ✔✔Specific actions or behaviors expected and exhibited by a manager



Mintzberg's managerial roles - correct answer ✔✔Interpersonal, informational, decisional



Katz's managerial skills - correct answer ✔✔Technical, human, conceptual



Changes facing managers - correct answer ✔✔Technology, increased competitiveness, security threats



Social media - correct answer ✔✔Forms of electronic communication through which users create online
communities to share ideas, information, personal messages, and other content



Innovation - correct answer ✔✔Exploring new territory, taking risks, and doing things differently

, Sustainability - correct answer ✔✔A company's ability to achieve its business goals and increase long-
term shareholder value by integrating economic, environmental, and social opportunities into its
business strategies



Universality of management - correct answer ✔✔The reality that management is needed in all types and
sizes of organizations, at all organizational levels, in all organizational areas, and in organizations no
matter where located



Decision - correct answer ✔✔A choice among two or more alternatives



Decision making process - correct answer ✔✔1. Identify a problem

2. Identify decision criteria

3. Allocate weights to the criteria

4. Develop alternatives

5. Analyze alternatives

6. Select an alternative

7. Implement the alternative

8. Evaluate decision effectiveness



Problem - correct answer ✔✔An obstacle that makes it difficult to achieve a desired goal or purpose



What does every decision start with? - correct answer ✔✔A problem



Rational decision-making - correct answer ✔✔Choices that are logical and consistent and maximize
value



Bounded rationality - correct answer ✔✔Decision making that's rational, but limited (bounded) by an
individual's ability to process information



Satisfice - correct answer ✔✔Accepting solutions that are "good enough"

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