MAN 1107 CH 7 MGT LEAD

1.      In business, the wise use of resources such as labor, capital, time, and equipment is called:

• Management Efficiency
• Benchmarking
• Objectives

2.      A(n) __________ would be used by a department manager as a tool for making daily and weekly assignments.

• Operational Planning
• conceptual skills, interpersonal skills, technical skills.
• measure, compare, determine the reason, take corrective action

3.      Management is the process of:

• Planning, Organizing, Leading, and Controlling
• Controlling
• Management Efficiency

4.      __________  is the long range process of establishing an overall course of action.

• Strategic Planning
• Democratic
• Management Effectiveness

5.      When managers determine that an organization is not making sufficient progress toward achieving its goals and objectives and they develop corrective measures, they are involved in:

• Controlling
• Goals
• Internal, External

6.      In a SWOT analysis, Strengths and Weaknesses are __________ to a company, and Opportunities and Threats are __________ to a company.

• Internal, External
• External, Internal

7.      Business goals and objectives should be SMART.  SMART is an acronym for:

• Specific, Measurable, Attainable, Relevant, and Time-Bound
• Management Effectiveness
• Benchmarking

8.      _________ is the management function that involves allocating resources, assigning tasks, and establishing procedures for accomplishing the organizational objectives.

• Organizing
• Management Efficiency
• Strategic Planning

9.      __________ Leadership generally seeks input from subordinates while retaining the authority to make the final decisions.

• Democratic
• measure, compare, determine the reason, take corrective action
• Specific, Measurable, Attainable, Relevant, and Time-Bound

10. __________ are specific, short-term, measurable results an organization wants to achieve in order to fulfill its long-term goals.

• Objectives

• Opportunities

• Planning, Organizing, Leading, and Controlling