Business BAM 101 questions and
answers graded A+ updated
Management - ANS ✔The process used to accomplish organizational goals through planning,
organizing, leading, and controlling people and other organizational resources.
Todays Managers - ANS ✔Younger and more progressive. Growing numbers in women. Fewer
from elite universities. Emphasis on teams and team building.
Four functions of management - ANS ✔Planning, organizing, leading, controlling
Vision - ANS ✔More than just a goal, it's a broad explanation of why the organization exist and
where it's trying to go.
Mission statement - ANS ✔Outlines the organization’s fundamental purposes, it includes;
Consumer needs, social responsibility, nature of product or service.
Goals - ANS ✔The broad, long term accomplishments an organization wishes to attain.
Objectives - ANS ✔Specific, short term statements detailing how to attain organizational goals.
Strategic planning - ANS ✔Done by management and determines major goals
Tactical planning - ANS ✔Short term statements about what needs to be done, who is to do it,
and how.
answers graded A+ updated
Management - ANS ✔The process used to accomplish organizational goals through planning,
organizing, leading, and controlling people and other organizational resources.
Todays Managers - ANS ✔Younger and more progressive. Growing numbers in women. Fewer
from elite universities. Emphasis on teams and team building.
Four functions of management - ANS ✔Planning, organizing, leading, controlling
Vision - ANS ✔More than just a goal, it's a broad explanation of why the organization exist and
where it's trying to go.
Mission statement - ANS ✔Outlines the organization’s fundamental purposes, it includes;
Consumer needs, social responsibility, nature of product or service.
Goals - ANS ✔The broad, long term accomplishments an organization wishes to attain.
Objectives - ANS ✔Specific, short term statements detailing how to attain organizational goals.
Strategic planning - ANS ✔Done by management and determines major goals
Tactical planning - ANS ✔Short term statements about what needs to be done, who is to do it,
and how.
