CUSP 320 EXAM 1 TEST BANK PRACTICE QUESTIONS SOLUTIONS DETAILED EXPLANATIONS VERIFIED

CUSP 320 EXAM 1 TEST BANK PRACTICE
QUESTIONS SOLUTIONS DETAILED
EXPLANATIONS VERIFIED

●● What is an organization?
Answer: Groups of people who work together to achieve a specific
purpose


●● Principal Functions of a Manager
Answer: Planning:
Set goals and decide how to achieve them


Organizing:
Arrange tasks, people, and other resources to achieve the goal


Leading:
Motivate, direct, and influence people to work to achieve the goals


Controlling:
Monitor performance and compare it with the goals. Take corrective
action when needed

, *ALL OF THESE ARE INFLUENCED BY ENVIRONMENT,
ETHICS, AND GLOBAL MANAGEMENT*


●● Levels and Areas of Management
Answer: Top Managers:
Make long term decisions


Middle Managers:
Implement the policies and plans of the top managers above them


First-Line Managers:
Make short-term operating decisions


Team Leader Responsible for facilitating team activities


Nonmanagerial Employees:
Either work alone on task or with others on a variety of teams


Areas of management are things like marketing, finance, and R&D


Different organizations that people are managers for