Management > EXAM > MGT 330 Exam 1 Chapter 1-5 (All)

MGT 330 Exam 1 Chapter 1-5

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1. The best managers prioritize efficiency over effectiveness. FALSE The best managers maintain a clear focus on both effectiveness and efficiency. AACSB: Analytical Thinking Accessibility: Keyboa ... rd Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 01-01 Describe the four functions of management. Topic: Functional Level Strategy 2. The four fundamental management principles include analyzing current situation, determining objectives, choosing corporate and business strategies, and determining the resources needed to achieve the organization’s goals. FALSE The fundamental management principles include planning, organizing, leading, and controlling. AACSB: Analytical Thinking AACSB: Knowledge Application Accessibility: Keyboard Navigation Blooms: Remember Difficulty: 1 Easy Learning Objective: 01-01 Describe the four functions of management. Topic: Functional Level Strategy 3. Top-level managers are also called tactical managers since they must translate the general goals into specific objectives and activities. FALSE Top-level managers, often referred to as strategic managers, are supposed to focus on long-term issues and emphasize the survival, growth, and overall effectiveness of an organization. AACSB: Analytical Thinking AACSB: Knowledge Application Accessibility: Keyboard Navigation Blooms: Understand Difficulty: 2 Medium Learning Objective: 01-02 Understand what managers at different organizational levels do. Topic: Functional Structure [Show More]

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