Introduction to Management (Midterm Exam)

It is the process of planning, organising, leading, and controlling the work of organisation members and of using all available organisational resources to reach stated organisational goals.

• Management

• Structuring

• Outsourcing

• Downsizing

1. Grouping people into various departments of a firm is known as __________.

• Planning

• Organizing

• Leading

• Controlling

A desired future outcome that a firm hopes to achieve is called a ________.

• Strategy

• Task

• Goal

•  Plan

Park Seo Joon’s developed a fat fryer that decreases the amount of oil used in cooking, and reduced the amount of time to cook fries. This is an example of increased __________.

• effectiveness

• capability

• efficiency

• performance

Groups of people who work together to achieve a set of goals are called a(n):

• role set

• organization

• competitive advantage

• society

• global organization

Managers who are monitoring the performance of their subordinates are performing the __________ function of management.

• Planning

• Organizing

•  Leading

• Controlling

An organization’s __________ managers need to have more conceptual skills than other managers.

• First-line

• top

• middle

• operations

The __________the manager's position in the organization's hierarchy, the less time this manager will spend leading and controlling subordinates

• lower

• higher

• shorter

•  longer

The measure of how well or how productively an organization uses its resources to achieve a goal is known as:

• Effectiveness

• Efficiency

• Organizing

• Role

• Strategy

The Jeremiah Fisher company began replacing automobiles in its fleet with hybrid cars. The hybrid cars were chosen because they use less fuel. This is an example of an attempt to improve the organization's:

• effectiveness

• planning

• strategy

• efficiency

• organizing