MGT301 EXAM 1 KIRN | 144 QUESTIONS AND
ANSWERS | WITH COMPLETE SOLUTION
organization Answer - A group of people who work together to achieve some
specific purpose
management Answer - The pursuit of organizational goals efficiently and
effectively by integrating the work of people through planning, organizing,
leading, and controlling the organizations resources
Efficient Answer - USE RESOURCES
Effective Answer - ACHIEVE RESULT
Burger King decided to add breakfast to its hours of operation in order to
increase its customers. This was an attempt to approve the organization's
A. effectiveness
B. planning
C. leading strategy
D. efficiency Answer - A. Effectiveness
Rewards of studying management Answer - - you will understand how to deal
with organizations from the outside
- you will understand how to relate to your supervisors
,- you will understand how to interact with co-workers
- you will understand how to manage yourself in the workplace
Rewards of practicing management Answer - - you and your employees can
experience a sense of accomplishment
- you can stretch your abilities and magnify your range
- you can build a catalog of successful products or services
- you can become a mentor and help others
planning Answer - you set goals and decide how to achieve them
#1 of management process
organizing Answer - you arrange tasks, people, and other resources to
accomplish the work
#2 of management process
leading Answer - you motivate, direct, and otherwise influence people to work
hard to achieve the organization's goals
#3 of management process
controlling Answer - you monitor performance, compare it with goals, and take
corrective action as needed
#4 of management process
, Laura runs a sales and expense report at the end of each work day. Which
management function is she performing?
A. leading
B. organizing
C. controlling
D. planning Answer - C. Controlling
Challenges to being an exceptional manager Answer - 1. competitive
advantage
2. information technology
3. diversity
4. globalization
5. sustainability
6. happiness and meaningfulness
Competitive Advantage Answer - The ability of an organization to produce
goods or services more effectively than competitors do, thereby outperforming
them
Having a competitive advantage means Answer - - being responsive to
customers
- innovation- ways to deliver better goods or services
- quality- making improvements in quality so that consumers choose your
product
- efficiency- overstaffing and overuse of raw materials can make you less
competitive
ANSWERS | WITH COMPLETE SOLUTION
organization Answer - A group of people who work together to achieve some
specific purpose
management Answer - The pursuit of organizational goals efficiently and
effectively by integrating the work of people through planning, organizing,
leading, and controlling the organizations resources
Efficient Answer - USE RESOURCES
Effective Answer - ACHIEVE RESULT
Burger King decided to add breakfast to its hours of operation in order to
increase its customers. This was an attempt to approve the organization's
A. effectiveness
B. planning
C. leading strategy
D. efficiency Answer - A. Effectiveness
Rewards of studying management Answer - - you will understand how to deal
with organizations from the outside
- you will understand how to relate to your supervisors
,- you will understand how to interact with co-workers
- you will understand how to manage yourself in the workplace
Rewards of practicing management Answer - - you and your employees can
experience a sense of accomplishment
- you can stretch your abilities and magnify your range
- you can build a catalog of successful products or services
- you can become a mentor and help others
planning Answer - you set goals and decide how to achieve them
#1 of management process
organizing Answer - you arrange tasks, people, and other resources to
accomplish the work
#2 of management process
leading Answer - you motivate, direct, and otherwise influence people to work
hard to achieve the organization's goals
#3 of management process
controlling Answer - you monitor performance, compare it with goals, and take
corrective action as needed
#4 of management process
, Laura runs a sales and expense report at the end of each work day. Which
management function is she performing?
A. leading
B. organizing
C. controlling
D. planning Answer - C. Controlling
Challenges to being an exceptional manager Answer - 1. competitive
advantage
2. information technology
3. diversity
4. globalization
5. sustainability
6. happiness and meaningfulness
Competitive Advantage Answer - The ability of an organization to produce
goods or services more effectively than competitors do, thereby outperforming
them
Having a competitive advantage means Answer - - being responsive to
customers
- innovation- ways to deliver better goods or services
- quality- making improvements in quality so that consumers choose your
product
- efficiency- overstaffing and overuse of raw materials can make you less
competitive
