Introduction to Management and Planning

Management is defined as:

• Maximizing profits by reducing labor cost

• The attainment of organizational goals effectively and efficiently through key functions

• Leading employees with strict rules only

• Doing operational tasks faster than competitors

Which set correctly represents the core management functions in the definition?

• Accounting – Auditing – Reporting – Taxing

• Planning – Organizing – Leading – Controlling

• Selling – Advertising – Pricing – Distribution

• Recruiting – Training – Paying – Firing

Which is an example of a traditional management competency?

• Encouraging collaboration

• Mobilizing for change and innovation

• Command-and-control leadership style

• Empowering leadership style

Which is an example of a new management competency?

• Standardizing procedures to maintain stability

• Maintaining a command-and-control mindset

• Focusing only on individual tasks

• Being an enabler rather than a controller

According to the slide, managers are best described as:

• People who only supervise technical work

• People who focus only on customer service

• Employees who avoid decision-making

• The executive function of the organization

Which statement matches the slide’s idea of what managers do?

• Managers mainly work alone to finish tasks quickly

• Managers create systems and conditions that enable others to perform

• Managers avoid coordinating across departments

• Managers focus only on short-term profit

Planning is mainly about:

• Using influence to motivate employees

• Identifying goals and resources for future performance

• Monitoring activities and taking corrective action

• Assigning tasks and allocating resources

Which function is defined as “monitoring activities and taking corrective action when needed”?

• Planning

• Organizing

• Leading

• Controlling

Strategy is best described as:

• A method to measure output/input

• A reward system for employees

• A cluster of decisions about goals, actions, and resource use

• A checklist for daily supervision

What is the correct order of the planning steps on the slide?

• Allocate resources → Decide goals → Adopt strategies

• Adopt strategies → Allocate resources → Decide goals

• Decide goals → Allocate resources → Adopt strategies

• Decide goals → Adopt strategies → Allocate resources