GB 370 Quiz 1 Questions with
complete solution 2025/2026
What is an organization? - correct answer ✔A group of people working together in a structured and
coordinated fashion to achieve a set of goals
Types of organizational resources - correct answer ✔-Physical resources
-Human resources
-Information resources
-Financial resources
Ole Miss - correct answer ✔Is an organization and it's alumni donors are a financial resource to the
University
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
The basic purpose of management - correct answer ✔-Efficiently using resources wisely and in a cost-
effective way
-Effectively making the right decisions and successfully implementing them
What is a manager? - correct answer ✔Someone whose primary responsibility is to carry out the
management process
--> plans and makes decisions, organizes, leads, and controls human, financial, physical, and information
resources
complete solution 2025/2026
What is an organization? - correct answer ✔A group of people working together in a structured and
coordinated fashion to achieve a set of goals
Types of organizational resources - correct answer ✔-Physical resources
-Human resources
-Information resources
-Financial resources
Ole Miss - correct answer ✔Is an organization and it's alumni donors are a financial resource to the
University
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
The basic purpose of management - correct answer ✔-Efficiently using resources wisely and in a cost-
effective way
-Effectively making the right decisions and successfully implementing them
What is a manager? - correct answer ✔Someone whose primary responsibility is to carry out the
management process
--> plans and makes decisions, organizes, leads, and controls human, financial, physical, and information
resources
