Business Management Ch 1

Management principles are universal. They apply to all types of organization and organizational levels.

Managerial efficiency is the degree to which an organization uses its resources wisely.

Which of the following indicates the resources that are the ingredients used directly in the manufacturing of products?

The four basic management functions are planning, organizing, influencing and controlling.

Motivating employees to perform better so that they can achieve the organization's goals is known as ________.

Short-term planning, clarifying objectives of jobs, and monitoring operations & performance are task-related activities.

Which managerial function is primarily focused on motivating, leading, directing, or actuating activities?

Which of the following resource indicates the amounts of money used to purchase goods & services for the organization?

Managerial effectiveness refers to management’s use of organizational resources in meeting organizational goals.

Human skills, unlike technical skills, involve the ability to see the organization as a whole.

Recognizing the achievements and developing the skill and confidence of employees are change-related activities.

Planning involves choosing tasks to achieve organizational goals and determining when and how to perform them.

As an individual moves from lower-level management to upper-level management, technical skills become more important.

____ includes determining tasks&groupings of work. It must be flexible to adapt as circumstances change.

Efforts aimed at modifying organizational components such asmonitoring the organization’s external environment are .....

Technical skills involve the ability to apply specialized knowledge and expertise to work-related techniques&procedures.

As an individual moves from lower-level management to upper-level management, conceptual skills become less important.

Efforts aimed at managing the people in the organization are ..........