MGT162 Fundamentals of Management

Plan and run the operations of a company or organization

• Controller

• General Manager

• Hospital Manager

• Risk Manager

Organize activities of an organization to maximize use of human resources

• Controller

• HR Manager

• Chief Executive Officer or CEO

• Hospital Manager

Analyzing information and making decisions about what needs to be done.

• a. staffing
• b. manager
• c.administrative
• d. planning

Directing and coordinating employees is: 

• Leading
• Planning
• Staffing
• Controlling

What does Organization determine?

• When and where tasks will be completed
• Deadlines and business structure
• Communication and reporting process
• All of the above

What level of management is a CEO?

• Top
• Middle
• Supervisors

What management style is where the managers are controlling?

• Tactical
• Strategic
• Mixed

Efficiency is defined as...

• Getting the most output from the least amount of inputs

• doing those work activities that will result in achieving goals

• Setting goals, establishing strategies, and developing plans

• Achieving the organizational goals

Developing budgets and decisions of investing funds is specific to ..... function

• Financial

• Accounting

• Marketing

• Operation

The ability to understand the relationships among the various tasks of a firm

• Conceptual skills

• Interpersonal skills

• Technical skills

• Decision-making skills