What are the four functions of management?

• Staffing

• Budgeting

• Directing

• Planning, Organizing, Leading, Controlling

Name two types of organizations commonly found in business.

• Franchise and Limited Liability Partnership

• Corporation and Partnership

• Sole Proprietorship and LLC

• Nonprofit and Cooperative

Explain the concept of planning at the supervisory level.

• Planning at the supervisory level is about setting goals, allocating resources, assigning tasks, setting timelines, and monitoring progress.

• Planning at the supervisory level involves micromanaging every task

• Supervisory planning focuses on ignoring deadlines and timelines

• At the supervisory level, planning is all about avoiding resource allocation

How does organizing at the supervisory level differ from organizing at higher management levels?

• Supervisory level organizing involves long-term strategic planning, while higher management levels focus on day-to-day operations.

• Higher management levels are responsible for employee supervision, whereas supervisory level organizing does not involve managing staff.

• Supervisory level organizing focuses on day-to-day operations within a specific department or team, while higher management levels involve strategic planning and decision-making for the entire organization.

• Supervisory level organizing does not require communication with other departments, unlike higher management levels.

Why is budgeting for material and manpower important in management?

• Material and manpower can be managed without budgeting

• Budgeting for material and manpower leads to inefficiency in resource allocation

• Budgeting for material and manpower is important in management because it helps in planning and allocating resources efficiently.

• Budgeting for material and manpower is not important in management

What are the roles of a supervisor when organizing physical resources?

• Assigning tasks to employees

• Negotiating contracts with suppliers

• Planning layout, ensuring storage & maintenance, monitoring inventory, coordinating deliveries, optimizing utilization

• Developing marketing strategies

Define the term 'span of control' in management.

• Span of control is the number of managers reporting to a subordinate.

• Span of control refers to the geographical area a manager oversees.

• Span of control is the process of delegating tasks to subordinates.

• Span of control in management refers to the number of subordinates a manager can effectively supervise.

How can managers match human needs with job needs effectively?

• By conducting thorough assessments of individual employees and the requirements of the job, and aligning these factors to create a work environment that meets the needs of both.

• By implementing rigid job roles that do not allow for flexibility or personalization

• By randomly assigning tasks without considering individual strengths and preferences

• By ignoring the needs of employees and focusing solely on job requirements

Differentiate between formal and informal grouping in an organization.

• Informal grouping is intentional and follows a hierarchy.

• Formal grouping is intentional and follows a structured hierarchy, while informal grouping is spontaneous and based on social relationships or shared interests.

• Formal grouping is based on social relationships, while informal grouping is structured.

• Formal grouping is informal and lacks structure.

What is the purpose of coordinating as a function of management?

• The purpose of coordinating is to create chaos within the organization

• The purpose of coordinating as a function of management is to synchronize activities and resources towards achieving organizational goals.

• Coordinating is only necessary for small organizations

• Coordinating is a function that should be delegated to lower-level employees