MGMT 309 Exam 1 Questions &
Answers (Grade A+)
What is an organization? -
correct answer ✅A group of people working together in a
structured and coordinated fashion to achieve a set of goals
Four basic kinds of organization resources -
correct answer ✅Human
Financial
Physical
Information
Human Resources -
correct answer ✅managerial talent and labor
Financial Resources -
correct answer ✅The capital used by the organization to finance
both ongoing and long-term operations
Physical Resources -
correct answer ✅Raw materials; office and production facilities,
and equipment
,MGMT 309 Exam 1 Questions &
Answers (Grade A+)
Information Resources -
correct answer ✅usable data needed to make effective decisions
What is management? -
correct answer ✅A set of activities (planning and decision making,
organizing, leading, and controlling) directed at an organization's
resources (human, financial, physical, and information) with the
aim of achieving organizational goals in an efficient and effective
manner
Efficiently -
correct answer ✅using resources wisely and in a cost-effective way
Effectively -
correct answer ✅Making the right decisions and successfully
implementing them
What is a manger? -
correct answer ✅Someone whose primary responsibility is to carry
out the management process ( plans and makes decisions, leads,
organizes, and controls: human, info, physical, financial resources)
,MGMT 309 Exam 1 Questions &
Answers (Grade A+)
Planning and Decision Making -
correct answer ✅Determining goals and courses of action
Organizing -
correct answer ✅Coordinating activities and resources ( how
things should be grouped)
Leading -
correct answer ✅Motivating and managing people( get people
working together)
Controlling -
correct answer ✅monitoring progress toward goal achievement
and taking corrective action when needed
Levels of Management -
correct answer ✅the differentiation of managers into three basic
categories-top, middle, and first-line
Top Managers -
correct answer ✅Are the small group of executives who manage
, MGMT 309 Exam 1 Questions &
Answers (Grade A+)
the overall organization; create the organization's goals, overall
strategy, and operating policies
Middle Managers -
correct answer ✅are primarily responsible for implementing the
policies and plans of top managers. They also supervise and
coordinate the activities of lower level managers.
First-Line Managers -
correct answer ✅Supervise and coordinate the activities of
operating employees
Areas of Management -
correct answer ✅May include marketing, financial operations,
Human Resources, administrative and other areas
Marketing Managers -
correct answer ✅Sell the product and work in new-product
development, promotion, and distribution
Answers (Grade A+)
What is an organization? -
correct answer ✅A group of people working together in a
structured and coordinated fashion to achieve a set of goals
Four basic kinds of organization resources -
correct answer ✅Human
Financial
Physical
Information
Human Resources -
correct answer ✅managerial talent and labor
Financial Resources -
correct answer ✅The capital used by the organization to finance
both ongoing and long-term operations
Physical Resources -
correct answer ✅Raw materials; office and production facilities,
and equipment
,MGMT 309 Exam 1 Questions &
Answers (Grade A+)
Information Resources -
correct answer ✅usable data needed to make effective decisions
What is management? -
correct answer ✅A set of activities (planning and decision making,
organizing, leading, and controlling) directed at an organization's
resources (human, financial, physical, and information) with the
aim of achieving organizational goals in an efficient and effective
manner
Efficiently -
correct answer ✅using resources wisely and in a cost-effective way
Effectively -
correct answer ✅Making the right decisions and successfully
implementing them
What is a manger? -
correct answer ✅Someone whose primary responsibility is to carry
out the management process ( plans and makes decisions, leads,
organizes, and controls: human, info, physical, financial resources)
,MGMT 309 Exam 1 Questions &
Answers (Grade A+)
Planning and Decision Making -
correct answer ✅Determining goals and courses of action
Organizing -
correct answer ✅Coordinating activities and resources ( how
things should be grouped)
Leading -
correct answer ✅Motivating and managing people( get people
working together)
Controlling -
correct answer ✅monitoring progress toward goal achievement
and taking corrective action when needed
Levels of Management -
correct answer ✅the differentiation of managers into three basic
categories-top, middle, and first-line
Top Managers -
correct answer ✅Are the small group of executives who manage
, MGMT 309 Exam 1 Questions &
Answers (Grade A+)
the overall organization; create the organization's goals, overall
strategy, and operating policies
Middle Managers -
correct answer ✅are primarily responsible for implementing the
policies and plans of top managers. They also supervise and
coordinate the activities of lower level managers.
First-Line Managers -
correct answer ✅Supervise and coordinate the activities of
operating employees
Areas of Management -
correct answer ✅May include marketing, financial operations,
Human Resources, administrative and other areas
Marketing Managers -
correct answer ✅Sell the product and work in new-product
development, promotion, and distribution
