MGMT 3500 EXAM 1 STUDY GUIDE
CORRECT 100%
Hw are organizations defined and what characteristics do they share? Think about
examples of
organizations and examples of business entities that are not organizations based on
this
definition. - ANSWERThe first characteristic of an organization is that it has a distinct
purpose, which is typically expressed as a goal or a set of goals. For example, Bob
Iger, Walt Disney company's president and CEO, has said his company's goal is to
create amazing family friendly entertainment and to provide customers extraordinary
experiences
What are the various titles managers have and how do you know the difference
based on job responsibilities? What are some examples of each type of
management title? - ANSWERTop managers: make decisions about the direction of
an organization.
Middle managers: manage other managers.
First-line managers: direct non-managerial employees.
Team leaders: manage activities of a work team.
What differentiates a manager from and non-manager? - ANSWERA non-manager
works directly on tasks and are not responsible for overseeing others work.
Managers direct and oversee the activities of others; they may have work duties not
related to overseeing others.
What is the difference between efficient management and effective management?
Give some examples - ANSWEREfficiency- A measure of how productively
resources are used to achieve a goal.
EXAMPLES: McDonald's developed more efficient fat fryers to reduce oil and speed
up the cooking of french drys. UPS leaves their doors open to decrease time on
delivery routes.
Effectiveness- Measure of the appropriateness of the goals an organization is
pursuing and the degree to which the organization achieves those goals.
EXAMPLES: McDonald's provides breakfast service to attract more customers.
Steve Job's improved his goal of creating continuous flow of innovative PC and
digital entertainment products. So rather utilizing resources, Job's focused on the
goal by innovativly thinking and planning the process of obtaining effective results.
What are the functions of management and how do they differ in terms of specific
activities?
CORRECT 100%
Hw are organizations defined and what characteristics do they share? Think about
examples of
organizations and examples of business entities that are not organizations based on
this
definition. - ANSWERThe first characteristic of an organization is that it has a distinct
purpose, which is typically expressed as a goal or a set of goals. For example, Bob
Iger, Walt Disney company's president and CEO, has said his company's goal is to
create amazing family friendly entertainment and to provide customers extraordinary
experiences
What are the various titles managers have and how do you know the difference
based on job responsibilities? What are some examples of each type of
management title? - ANSWERTop managers: make decisions about the direction of
an organization.
Middle managers: manage other managers.
First-line managers: direct non-managerial employees.
Team leaders: manage activities of a work team.
What differentiates a manager from and non-manager? - ANSWERA non-manager
works directly on tasks and are not responsible for overseeing others work.
Managers direct and oversee the activities of others; they may have work duties not
related to overseeing others.
What is the difference between efficient management and effective management?
Give some examples - ANSWEREfficiency- A measure of how productively
resources are used to achieve a goal.
EXAMPLES: McDonald's developed more efficient fat fryers to reduce oil and speed
up the cooking of french drys. UPS leaves their doors open to decrease time on
delivery routes.
Effectiveness- Measure of the appropriateness of the goals an organization is
pursuing and the degree to which the organization achieves those goals.
EXAMPLES: McDonald's provides breakfast service to attract more customers.
Steve Job's improved his goal of creating continuous flow of innovative PC and
digital entertainment products. So rather utilizing resources, Job's focused on the
goal by innovativly thinking and planning the process of obtaining effective results.
What are the functions of management and how do they differ in terms of specific
activities?
