IT'S IQ TIME! MODULE 1 OM

The use and application of management practices is limited to business activities only.

• True

• False

It refers to the process of effectively and efficiently achieving the organizational goals using the four functions of planning, organizing , leading and controlling

• Manager

• Managing

• Management

• Managerial principle

It is the ability to maximize the output with minimum input.

• Efficiency

• Effectivity

• Planning

• Organizing

These are the firm's tangible goods and real estate, including raw materials, office space, production facilities, office equipment, technology needed and vehicles.

• Human Resources

• Financial Resources

• Physical Resources

• Information Resources

Refers to the data needed and used to accomplish the job.

• Human Resources

• Financial Resources

• Physical Resources

• Information Resources

This function is concerned with supervising employees' activities, keeping the organization on right track toward its goals, and making corrections if necessary.

• Planning

• Organizing

• Leading

• Controlling

This skill is also known as interpersonal skill.

• Conceptual Skill

• Human Skill

• Technical Skill

• Diagnostic Skill

It is also called as supervisory level managers

• Top Managers

• Middle Managers

• First-line Managers

The role is to attend ceremonial activities and represent the company outside.

• Organizer

• Liaison

• Spokesperson

• Figurehead

They are responsible for several departments that perform different functions

• Functional Managers

• General Managers

• Line Managers

• Staff Managers