MNGT 361 Exam -1 Test questions with answers

MNGT 361 Exam #1 Test questions with
|\ |\ |\ |\ |\ |\ |\




answers

What are the four principal functions of management? -
|\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Planning, Organizing, Leading,
|\ |\ |\ |\ |\



and Controlling.
|\




What does planning in management involve? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\



ANSWERS ✔✔Identifying goals for future organizational
|\ |\ |\ |\ |\ |\



performance and deciding on the tasks and resources |\ |\ |\ |\ |\ |\ |\ |\



needed to attain them. |\ |\ |\




What is the purpose of organizing in management? -
|\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔To accomplish the plan by
|\ |\ |\ |\ |\ |\ |\



assigning tasks, grouping them into departments,
|\ |\ |\ |\ |\ |\



delegating authority, and allocating resources.
|\ |\ |\ |\




How does leading function in management? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\



ANSWERS ✔✔It involves using influence to motivate
|\ |\ |\ |\ |\ |\ |\



people to achieve organizational goals and creating a
|\ |\ |\ |\ |\ |\ |\ |\



shared culture and values.
|\ |\ |\




What is the role of controlling in management? -
|\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Monitoring employees' activities,
|\ |\ |\ |\ |\

,determining if the organization is moving toward its goals,
|\ |\ |\ |\ |\ |\ |\ |\



and making necessary corrections.
|\ |\ |\ |\




What is an example of planning in a business context? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Setting a vision to create a
|\ |\ |\ |\ |\ |\ |\ |\



billion-dollar brand that impacts over a billion lives. |\ |\ |\ |\ |\ |\ |\




What is an example of organizing in a business context? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔General Electric focusing
|\ |\ |\ |\ |\



resources on three key business areas: energy, aircraft
|\ |\ |\ |\ |\ |\ |\ |\



engines, and health care. |\ |\ |\




What does leading require from a manager? - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\



ANSWERS ✔✔Creating a shared culture, communicating
|\ |\ |\ |\ |\ |\



goals, and infusing employees with the desire to perform
|\ |\ |\ |\ |\ |\ |\ |\ |\



at a high level.
|\ |\ |\




What is an example of controlling in a business context? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Sergio Marchionne meeting with
|\ |\ |\ |\ |\ |\



executive teams to motivate them toward ambitious
|\ |\ |\ |\ |\ |\ |\



goals for Chrysler.
|\ |\




What are the essential skills of an outstanding manager? -
|\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Skills include communication,
|\ |\ |\ |\ |\ |\



decision-making, problem-solving, and interpersonal |\ |\ |\ |\



skills.

,What is the significance of board diversity in
|\ |\ |\ |\ |\ |\ |\ |\



organizations? - CORRECT ANSWERS ✔✔It enhances |\ |\ |\ |\ |\ |\



decision-making and reflects a variety of perspectives in |\ |\ |\ |\ |\ |\ |\ |\



management.


Why are organizations structured from the bottom up? -
|\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔To ensure efficiency and effective
|\ |\ |\ |\ |\ |\ |\



communication throughout the hierarchy. |\ |\ |\




What are the three categories of organizations? -
|\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔For-profit, non-profit, and
|\ |\ |\ |\ |\



governmental organizations. |\




What is the primary objective of a manager in leading? -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔To ensure team activities lead to
|\ |\ |\ |\ |\ |\ |\ |\



on-time delivery of projects and high-quality outcomes.
|\ |\ |\ |\ |\ |\




What challenges might managers face in their roles? -
|\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Challenges include motivating
|\ |\ |\ |\ |\



teams, resource allocation, and managing conflicts.
|\ |\ |\ |\ |\




What is the importance of efficiency in management? -
|\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Efficiency is crucial for
|\ |\ |\ |\ |\ |\



maximizing resources and achieving organizational goals
|\ |\ |\ |\ |\ |\



effectively.

, What does the term 'management' encompass? -
|\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Management involves |\ |\ |\ |\



coordinating and overseeing the work activities of others |\ |\ |\ |\ |\ |\ |\ |\



to achieve organizational goals.
|\ |\ |\




How can managers ensure effective organizing? -
|\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔By aligning different functions to
|\ |\ |\ |\ |\ |\ |\



work together as one system towards the organization's
|\ |\ |\ |\ |\ |\ |\ |\



vision.


What is a common method for managers to lead
|\ |\ |\ |\ |\ |\ |\ |\ |\



effectively? - CORRECT ANSWERS ✔✔By empowering |\ |\ |\ |\ |\ |\



team members to take ownership of their projects.
|\ |\ |\ |\ |\ |\ |\




What is the outcome of effective controlling in
|\ |\ |\ |\ |\ |\ |\ |\



management? - CORRECT ANSWERS ✔✔It ensures that |\ |\ |\ |\ |\ |\ |\



the organization stays on track to meet its goals and can
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\



adapt to changes as necessary.|\ |\ |\ |\




What does the term 'efficiency' refer to in management? -
|\ |\ |\ |\ |\ |\ |\ |\ |\



CORRECT ANSWERS ✔✔Efficiency refers to the ability to
|\ |\ |\ |\ |\ |\ |\ |\ |\



accomplish tasks with minimal resources and time. |\ |\ |\ |\ |\ |\